Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Everyone should know that the gas flare will pass gas out for safety reasons until a sufficient pressure is reached. In other words we will be getting oil and little gas, and I hope its from ground pressure. All IMO.
GLA.
I presume that UJO has stopped the drill once or twice when different strata has been reached. They knew from previous drill at what depth these different composition rocks would be met, and will have changed the drill bit to get the best result. If I am correct then next week we should have reached or target depth. IMO.
GLA.
Now North Kelsey has been tied up, I see no reason for any news from Wressle to be sooner rather than later. If Wressle will flow without a pump it would be really good. However Dave may intend to buy up more of Wressle and news could be delayed until that happens.
GLA.
What people seem to have missed is how good the share issue timing was. A few days later and the price would have had to have been much lower to attract funds, and that problem, could with lock down, lasted for a long time. Lets hope we do not need the extra cash and it was no more than safety net. Good for UJO.
And GLA.
What people seem to have missed is how good the share issue timing was. A few days later and the price would have had to have been much lower to attract funds, and that problem, could with lock down, lasted for a long time. Lets hope we do not need the extra cash and it was no more than safety net. Good for UJO.
And GLA.
At lunch time today a large police presence was on the road to West Newton B site.. I could not get close enough to see what was being escorted.. I doubled back to our A site and could see no sign of movement there. After I left the No. 16 rig could have arrived.
GLA.
Yes its 5$ a barrel more than Brent. By the way yesterday afternoon the gates had been removed at West Newton A site and a temporary fence had been erected and I presume this was for quick removal when our rig arrives.
GLA.
On Friday 21/8/20 at 3pm I looked at the B site, and everything seemed to be OK with lots of activity. As the new site is nearer to Flinton rather than west Newton it takes some finding. The roads are blocked off and it is very hard to see what is happening. But at this time I cannot see any problem.
GLA.
May I suggest that we had 3 tanker loads out yesterday, and 1 load of diesel fuel in. Since we have purchased all of the surface gear it is up to ukog to buy the fuel to run all the equipment. It makes sense to run a full tanker load in while the price is so low. That tanker will have taken a load of oil back out. It is highly unlikely that a load of bad oil could have left our site. All IMO.
GLA.
GLA.