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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Oilexco | OIL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 6.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.90 | 6.90 |
| Top Posts |
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Posted at 16/11/2023 10:55 by peterbill Two wars on the go, the price of oil languishes ... |
Posted at 01/1/2023 14:41 by steve73 Nice summary here... |
Posted at 11/12/2022 21:44 by daniel levi bmd FYIEyes on CORO! This is the big one! Balochistan The Last Great Onshore Oil, Gas & Mineral Resource Play On The Planet.... Coro Energy *BUY* Dan X |
Posted at 11/12/2022 21:02 by bountyhunter Why the price of oil has dropped despite new constraints on Russian supplyCrude settles at lowest level of 2022 after European embargo and G7 price cap take effect |
Posted at 06/12/2022 16:30 by papillon free stock charts from uk.advfn.comBrent oil price is back to where it was at the start of 2022. |
Posted at 18/11/2022 17:09 by advfntom any one gained advantage of the OPEX meeting causing flutter in oil price ?Happens often I gather. |
Posted at 15/11/2022 15:47 by advfntom This site gives dates oil price negotiated, could be handy for searching for a regular pattern :-hxxps://cdn.cboe.com Cboe2022-Options-Cal Tom |
Posted at 04/7/2022 07:57 by steve73 Here's an insightful video from "Joe Blogs"...CHINA Announces EXIT From WESTERN OIL & GAS making RUSSIAN OIL & GAS COLLABORATION More Likely |
Posted at 17/5/2022 11:09 by hedgehog 100 MyCelx Technologies (MYX) 52.5p Market cap. £12.07M.17/05/2022 07:01 UK Regulatory (RNS & others) MyCelx Technologies Corporation Final Results for Year Ending 31 December 2021 LSE:MYX Mycelx Technologies Corporation MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company, announces its audited results for the year ended 31 December 2021. Highlights Financial -- Revenue of $8.5 million (2020: $7.1 million) -- Gross profit of $3.3 million (2020: $1.6 million) -- EBITDA(1) of $19,000 (2020: negative $4.2 million) -- Loss before tax $1.1 million (2020: loss before tax $5.8 million) -- Cash & cash equivalents $3.2 million (2020: $3.8 million) Operational -- Middle East: o Significant new contract and two contract extensions o Two separate contract wins including REGEN media sale and paid REGEN trial with leading EOR producer -- U.S. PFAS Market: o Successful U.S. PFAS trial demonstrating ability to remove all PFAS compounds to non-detect levels o Engineered and built two PFAS remediation units for commercialisation in 2022 -- U.S. Business Development o Seasoned Business Development professional hired to drive sales in North America o Further contract win for an industrial water treatment project -- Launched new website -- Sale of Duluth office for $5.4 million Post Period -- Closed a Placing of 3,539,273 Common Shares raising gross proceeds of approximately $2.3 million before expenses Connie Mixon, CEO, said: "In 2021, a more stable oil price benefitted the Company's core business which focusses primarily on supporting the energy industry's clean production initiatives. This energy market strength, along with the Company's efforts, helped MYCELX achieve both new contracts and the extension of existing contracts across multiple core geographies. The Company also made significant inroads into the PFAS remediation market, demonstrating our PFAS system is cost effective and more efficient than existing technologies. MYCELX is well placed to capitalise on new, large market applications with ambitious growth targets. With industry's increased focus on mitigating environmental impact, MYCELX's proven technology has never been more relevant in the fight for clean water and air. We look forward to keeping all our stakeholders updated on the Company's progress throughout the rest of the year." ... Chairman's Statement MYCELX meets the growing demand for innovative technology that mitigates the environmental impact of industry I am pleased to address our shareholders, and all stakeholders, following my first year as Chairman of your Company. MYCELX today is in a strong position, and strategically well placed to capitalise on the growing demand for innovative technology, which is designed with the clear intention of helping the world mitigate the environmental impact of industry. We are leaders in this field and are supporting compliance across multiple industries and geographies. ... The PFAS remediation market represents a material opportunity for MYCELX, and you will read in the annual report the significant progress that has been made to accelerate commercialisation of our PFAS offering. PFAS, which stands for perfluoroalkyl and polyfluoroalkyl compounds, are a collection of long-lasting man-made toxic chemicals, which present a threat to the environment and human health. The Company estimates the annual PFAS remediation cost in the United States alone to be in excess of US$8bn and growing as contaminated sites continue to be identified. Outlook Our outlook is encouraging on multiple fronts. The PFAS remediation market is a significant growth opportunity for MYCELX, providing real environmental and health benefits deploying our effective and efficient technology. In our traditional energy markets, today's high oil price bodes well for the completion of new commercial agreements with both existing and new international customers, and we are optimistic that the resurgence in bidding activity will support strong performance in 2022 and beyond. Our REGEN offering is also expected to play an important role as we grow within the Enhanced Oil Recovery market of the energy sector. We continue to focus on taking advantage of these attractive market opportunities. ... |
Posted at 17/3/2019 10:35 by cpap man TOMSkiboy1016 Mar '19 - 13:17 - 4368 of 4372 For any new visitors here TomCo are using this technology and we have over 1billion barrels in place on our leases with no exploration risk Heavy Oil and Gas Recovery The unique ability of RF energy to preferentially heat the target, organic compounds such as petroleum, over the host, rock or other inorganic materials, opens up many new applications of this technology in oil and gas extraction: 1) enhance liquid mobility by reducing viscosity 2) desorb gas held in micro-pores within tight formations 3) induce micro-fracturing in a rock formation necessary to extract oil or gas in economically recoverable quantities and, 4) fractionate crude oil within the formation enabling sequenced recovery of lighter or heavier product fractions at the wellhead. No water, chemicals, proppants, or hydrofracking methods are required with JRT’s extraction technology. In comparison to current technologies, RF reduces resource use, waste generation, environmental risks, stakeholder opposition, and cost. The elimination of water alone as a prerequisite to hydrofracking opens the potential for extraction of extensive unconventional reserves in many arid climates of the world where production is currently not economically viable due to the scarcity and value of water as a vital life-sustaining resource. The combined benefits of RF to both the extraction and recovery process pose substantial economic, environmental and competitive advantages to the petroleum and energy industries globally. The recent shift in focus to development of unconventional oil and gas reserves globally creates an enormous global market potential for JRT’s RF technology. The economic, environmental and social benefits provided by JRT’s RF technology over conventional extraction methods also satisfy the demands of the investment, regulatory and public communities for more sustainable technologies in meeting global energy demands, a vital component to the commercial marketability of the technology. Testing at JRT has demonstrated that conventional slotted liners as used in SAGD (Steam Assisted Gravity Drainage) designs may be employed as an antenna element to use in combination or as a replacement for steam. RF can achieve temperatures of 350 degrees Celsius (C) over a large volume of a formation as required for kerogen pyrolysis in oil shale to recover high quality oil and gas by pyrolysis and desorption. Temperature control can be precisely maintained to optimize recovery of preferred gas and oil product streams through visbreaking in situ. The standardization of this process could reduce or eliminate components of the refining process, enabling product distribution near the wellhead. The implications to commercial improvements in product extraction and distribution are potentially enormous. JRT’s technology achieves deep formation electromagnetic wave energy penetration and can be focused within specific volumes. It is superior to steam because it does not have uplift and is capable of transferring heat in very low permeability formations at depths which make steam difficult to apply. Specific radio frequencies are chosen at a given site to: allow breakage of the capillary bonding holding oil in the water/rock matrix, selectively heat hydrocarbons, reduce oil viscosity, and autogentically create pressure drive from light end hydrocarbon gases and water vapor toward recovery wells. When used to extract gas from shale, radio frequency waves create heat penetration within shales resulting in volumetric microporosity and subsequent release of gas through desorption mechanisms such as through the expected weakening or destruction of Van der Waals bonding between rock and gas molecules by radio frequency energy. Microporosity results from the thermal expansion of connate water which leads to microfracturing. RF induced chemical bond breaking liberates both gas and oil. The intricate network of microfracturing resulting from liberation of connate water thereby eliminates the use of proppants used in conventional hydrofracturing methods currently. Radio frequency energy typically modifies the chemical structure of the oil, making it lighter and easier to transport and refine. Oil from organically rich shale has been produced from kerogen conversion at precisely 350 C using RF energy. The gravity API of the resultant oil from kerogen using RF was approximately 49. When applied to heavy oil extraction, in-situ radio frequency energy reduces the viscosity of the oil by electrodynamic forces, heat, and visbreaking for better oil quality. Lowering the viscosity and pour point of the produced oil significantly simplifies and reduces the cost of transport and refining. Reducing the viscosity of conventional heavy oil in a reservoir with a focused pattern of RF energy provides a means for stimulating greater oil production. Currently, horizontal wells and SAGD have proven useful for removing heavy oil from unconsolidated sands. The presence of bottom water, however, can lead to breakthrough, lowering productivity. Breakthrough occurs when the mobility of the bottom water is greater than that of the oil. Heating reduces the viscosity of heavy oil, increasing its mobility, thereby decreasing the dominance of the bottom water and preventing breakthrough. RF offers advantages over steam because directional transmission preferentially heats the heavy oil reservoirs without wasting energy on heating the bottom water. The opposite is true for steam as it follows the path of least resistance and channels energy to the bottom water. RF is also useful for starting the flow of heavy oil prior to SAGD operations and for cleaning produced sand. RF energy may operate at the resonant frequency of heavy oil molecules to provide improved energy absorption (less power for a given temperature), improve oil quality through visbreaking, and achieve a higher H/C ratio by introducing a downhole catalyst or solvent. The thermal and selective vibration energy of RF may be applied to tight formations such as Marcellus shale for desorption of gas from the rock volume (which is significant in coal bed methane) with induced microporosity to achieve more economic and environmentally safe gas recovery without the need for hydrofracking or gas fracking. JRT’s technology has a low environmental impact and is more sustainable from an environmental, economic, and social perspective than alternative tight source extraction technologies. It does not alter air quality. Because it does not use water or chemicals, it eliminates or minimizes the potential for contamination or depletion of aquifers. Its land surface impact footprint is confined to the disturbance represented by conventional boreholes alone. JRT’s technology also has valuable and unique environmental remediation applications. Traditional thermal remediation methods require substantial infrastructure and energy to heat the host (soil and bedrock) in order to transmit heat to the target (contaminants) and extract it from the subsurface for disposal. RF heating requires minimal infrastructure and preferentially heats the target (organic contaminants) over the host, both improving heating efficiency and rendering thermal treatment feasible in crystalline bedrock where traditional thermal methods have failed. Most importantly, RF can be tuned in frequency, power and direction to enable thermal treatment within a full spectrum of low to high temperature remedial applications. These include: 1) low temperature in situ (in the subsurface) transformation of contaminants by thermal degradation into harmless byproducts thereby eliminating generation and management of a waste stream; 2) catalyze the efficiency and effectiveness of other in situ treatment technologies such as bioremediation or oxidation; and 3) cost-effectively enhance thermal recovery of oil from contaminated soil or groundwater. Environmental remediation applications represent a growing, but currently a secondary business segment for JRT. Business Objectives JRT’s near-term business objectives are to expand commercial application of its RF technology to enhance numerous oil and gas extraction processes (e.g., recovery of gas from shale, recovery and in-situ physically upgrading heavy oil through visbreaking, hydroprocessing, aquathermolysis, cracking and catalysts) and environmental remediation (e.g., oil spill cleanups, solvent remediation in fractured bedrock, and others). Expanded commercial application of RF technology in the energy and remediation industries is expected to be profitable, demonstrate commercial viability and drive increased market demand through successive successful applications. Expanded application in a variety of extraction and remedial scenarios is expected to demonstrate where the economic, environmental and social advantages of the technology maximize its return on investment in both the current and future marketplace. Concurrently, JRT will expand and update its patents and intellectual property protections and ultimately build a leasing business to meet the increased demand for its technology. The company is seeking a strategic equity partner to infuse its business with the necessary capital to achieve these objectives. Technology Demonstrations to Date Oil and Gas Extraction from Kerogen in Oil Shale The viability of the company’s technology has been demonstrated with oil shale; it was intensively tested in a four-year, multi-million dollar commercial scale, pilot program on Texaco oil shale property outside Vernal, Utah. It was a Badger, Raytheon, and Texaco joint venture, known as the “BART Program.” This program was partly instigated and technically overseen by Ray Kasevich of JRT while he was Technical Director at Raytheon. Ray Kasevich provided several key RF patents for this program. The BART program demonstrated: Energy efficiency. It demonstrated a nearly 5 to 1 energy returned on energy invested (EROI) ratio. This is superior to the EROIs of many of the alternative technologies currently being applied to tight sources of oil and gas. High product quality potential. Very high quality, low sulfur content oil was extracted which was similar to high quality Arabian crude without any significant added refining. Technological scalability. The Utah project employed a full scale commercial design. Radio frequency antennas were positioned in boreholes at shale depths of up to 200 feet with commercial radio frequency generators transmitting 50,000 watts of energy or less to the downhole antenna to demonstrate and achieve optimum oil recovery temperature at 350 degrees Celsius. Gas production (methane) was continuously produced and quantified during the oil recovery period. Safe energy delivery. The energy delivery was compliant with the FCC’s published guidelines. Minimal environment impact. The footprint of its land surface impact was confined to the disturbance represented by the boreholes. No aquifer contamination or adverse impacts to air quality were generated. This program, which was conducted in the early 1980’s, would have continued to be funded had oil prices not dropped dramatically. The early pilot designs used in the BART program can now be augmented with new designs developed by JRT that improve both the effectiveness and efficiency of commercial application. The design, testing and operation of a large scale (10,000 bbls per day) commercial production system is anticipated to achieve significant economic return. In summary: RF requires less energy, fewer boreholes and significantly less infrastructure than current conventional extraction methods; RF can enable economically viable recovery in unconventional formations without the use of water, substantially reducing the cost and environmental impact of extraction; JRT’s improved RF generator and antenna design substantially enhance the capabilities of proto-type equipment making commercialization economically viable; and The wide spectrum of energy transmission achievable through improvements in RF technology and design enable in-formation visbreaking and selective extraction of products at the wellhead, potentially eliminating added refining and distribution costs. hxxp://www.jrtechnol hxxps://tomcoenergy. |
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