Member Info for Willswag

LTH is the way here

Build a position on dips and hope for the day which apparently seems to be upon us 😊

PR

HSO did say that they had procured the ‘innovative new downhole heater’ in Europe!

I’m answering my own last question here with this excerpt from the QRF visit report in Feb 24

Current status meant that the opportunity was not costing much in terms of resource. The MMU allocated for Utah was currently in Denmark – it had been re-conditioned but not fully winterised for Utah (that would only happen when a contractual payment was made).

Didn’t the QED visit report reference seeing the (smaller?) MMU that was earmarked for Utah?

Or am I dreaming?! 😊

Excellent post again PR

I wonder how long it will take QED to get a MMU on site and functioning when we get green (dollar bills) light?

The 11 or 12 days thaw downhole heater has been in place should make a helluvva lot of oil at c50bbls per day. Keep producing and Locally store it in heated tanks until we get there? Or shut it off temporarily until we are in place and there’s sufficient wells drilled to feed the process?

Isn’t this exciting?! I’m buzzing 😊

I purposely avoided TomCo I thought they looked like a dead duck right from the off. I thought if they are successful, so should we be and I’ve got enough here.

I am considering venturing into tpet though

I need to sort out my us tax form. It’s not been used since FRR. . . .

PR

Love it as always a well thought out and knowledgeable post covering most points.

Don’t forget co2 as an enhanced oil recovery EOR tool though. Valkor have used it before and It has two benefits I believe over steam.

It’s more effective resulting in higher production bbl numbers improving dollar return AND it allows for carbon sequestration CCS credits that also result in increased dollars return per bbl of sellable oil.

HSO/Valkor already talked about use of CO2 stimulation in this field as well as that snazzy steam boiler and the newer downhole heaters that they’re already employing.

Production data imminent hence the buying last evening and today?!

Giddy up HSO

MM’s playing games

Last hour last night worked it up to 2.255

Bid was 2.19

Yet they reckon it closed at 2.14

This morning they isolated a 117k sale at 2.07 I bet they’re passed off 🤣

And of course, as Valkor is successfully opening up Uinta county oil fields, so the great Utah oil sands fields are in play to similar processes and the upstream utilisation of our MMU tech such that simple transportation of processed HSO is facilitated.

Valkor will earn royalties as they sub-contract our tech all over the great Utah asphalt belt

QED will be Massive!

Eight wells might be in production by the end of Q3, that’s September 30th this year according to Trio then. Tremendous effort Valkor 👏

8 x 30 barrels of oil per day is 240 bopd

Say $10 per barrel to QED’s royalty share that’s conservative and is 2400$ per day income. 2400 x 30 is $72000 per month Happy days 😊

Just looking again at the end of the announcement:-

With this data, the Company intends to exercise its rights to acquire the remaining 17.75% working interest in the initial 960 acres.

Under the current agreement, Trio’s operating partner, Lafayette Energy Corp, carries all drilling costs through the first $10 million of capital expenditures. Lafayette Energy Corp, through its operator, Valkor Oil and Gas, is expected to drill the third well as early as late June and intends to drill five additional wells during Q3 2024, subject to rig and services availability.

During the drilling process, the Company was required to gather extensive data for submission to the Utah Division of Oil, Gas and Mining (“OGM”). As part of the drilling process, the Company also cored oil-bearing sandstones, assayed, and subsequently conducted core analysis. All of these data are being submitted to the OGM as part of the overall unitization of the project. Once that process is complete, the Company will be permitted to scale its drilling program, with the ability to drill wells on as little as 1.5 acre spacing. On the initial 960 acres, the current development plan is to drill approximately 476 wells. There is an opportunity to expand Trio’s participation in the project by an additional 1,920 acres thereafter. End

So is Trio taking up its option to the full 20% (17.75% remaining) signalling that our $15m dollars funding is on its way?! Happy days 😊

🌚 🐺 🥜 it is then 💵 💵

Great find soulac

I’m just reposting the original link there some more key info beyond that which you kindly posted!

https://www.globenewswire.com/en/news-release/2024/06/11/2896731/0/en/Company-Successfully-Completes-First-Two-Exploratory-Wells-in-Utah.html

I think the Utah DOGM want to see first production results before they will approve unitisation of the field. But HSO only specified 20-40 barrels of oil per day per well in their original field estimates to gain permits, and trio have suggested the top of that range. But the down hole heater company did state that daily production rates might double utilising their kit, so the potential increased production per day per well should sell it to them.

First production later this week, just 11 days after commencing downhill heat stimulation is great news! Giddy up Valkor!

What a perfect vehicle the sustainability report is for a major company in the marine sector to shout about its tie-up with the biggest private company in NA to decarbonise the sector. Not after but before the cart.

Some nice trades again this morning

My right palm is itching again, it’s not stopped tbf

News net week?! GLAH

Yessprinterminter

I thought long and hard about selling a chunk yesterday and buying back for increased volume today

But I talked myself out of it

This is barely a breather, this has got legs

Especially if we get the long awaited marine agreement next week. . .

If MSC/Cargill agreement leads to a successful halfway trial this year

If Utah starts a 100 drill campaign with our tech. ‘Refining’ the HSO

If Morocco is commercialised

And all this year

Then we shall see an eye-watering and life changing rerate this year 😊

🎶 your on your own🎶

I took the same from the interview to be fair

Nailed-on racing cert 😊