Tomco Energy Share Discussion Threads

[vauch] 10/2/2021 13:45

We thed to forget TurboShale but if Valkor are looking at it, the we could have royalties from it one day

[vauch] 10/2/2021 13:44

The Viability of Oil Extraction from Trinidad Tar Sands by Radio Frequency Heating - A Simulation Approach
T.. Ramcharan; R.. Hosein; A.. Jupiter
Paper presented at the SPE Trinidad and Tobago Section Energy Resources Conference, Port of Spain, Trinidad and Tobago, June 2016.
Paper Number: SPE-180830-MS
hxxps://doi.org/10.2118/180830-MS
Published: June 13 2016
Cite
Share Icon
Share
Get Permissions
Abstract
Trinidad has tar sands resources of about 2 billion barrels of oil on land in the Parrylands/Guapo and Brighton areas. With an oil price of over USD 25 per barrel, commercial extraction of oil from Trinidad tar sands is viable but requires careful study. The relatively small extent of this tar sand (about 10,000 acres and with depths varying from surface to less than 500 feet) and with an oil in place of about 1000 times smaller than the Canadian tar sands, large scale surface mining and in-situ methods such as SAGD and VAPEX processes or their variants are not practical and also for environmental reasons.

In this study we explore the viability of oil extraction from Trinidad tar sands by radio frequency (RF) heating. RF heating does not require an overburden and is cheaper than SAGD and VAPEX and is also environmentally friendly since no steam, water and solvents are needed. Studies have also shown RF heating to be uniform, quicker and with deeper penetration than direct electrical (resistive) heating and an oil recovery between 50 to 80 % can be achieved. Preliminary studies indicated that Trinidad tar sands are wetting and with permittivity in the range 38 −100, which makes it suitable for RF heating.

The COMSOL Multiphysics® software was used to simulate oil sand samples contained within a copper chamber and the RF heating was applied via a dipole antenna. Temperature- time heating plots were generated using an operating frequency of 10 MHz and a current of 50 Amperes. This data and the physical properties of the tar sands were then simulated using the CMG software. The results indicated an oil recovery in the range 30-60%. An energy balance was then conducted and the results show that commercial extraction of oil from Trinidad tar sands by RF heating is viable with an oil price of over USD 25 per barrel.

[vauch] 10/2/2021 13:41

The Viability of Oil Extraction from Trinidad Tar Sands by Radio Frequency Heating - A Simulation Approach
T.. Ramcharan; R.. Hosein; A.. Jupiter
Paper presented at the SPE Trinidad and Tobago Section Energy Resources Conference, Port of Spain, Trinidad and Tobago, June 2016.
Paper Number: SPE-180830-MS
hxxps://doi.org/10.2118/180830-MS
Published: June 13 2016
Cite
Share Icon
Share
Get Permissions
Abstract
Trinidad has tar sands resources of about 2 billion barrels of oil on land in the Parrylands/Guapo and Brighton areas. With an oil price of over USD 25 per barrel, commercial extraction of oil from Trinidad tar sands is viable but requires careful study. The relatively small extent of this tar sand (about 10,000 acres and with depths varying from surface to less than 500 feet) and with an oil in place of about 1000 times smaller than the Canadian tar sands, large scale surface mining and in-situ methods such as SAGD and VAPEX processes or their variants are not practical and also for environmental reasons.

In this study we explore the viability of oil extraction from Trinidad tar sands by radio frequency (RF) heating. RF heating does not require an overburden and is cheaper than SAGD and VAPEX and is also environmentally friendly since no steam, water and solvents are needed. Studies have also shown RF heating to be uniform, quicker and with deeper penetration than direct electrical (resistive) heating and an oil recovery between 50 to 80 % can be achieved. Preliminary studies indicated that Trinidad tar sands are wetting and with permittivity in the range 38 −100, which makes it suitable for RF heating.

The COMSOL Multiphysics® software was used to simulate oil sand samples contained within a copper chamber and the RF heating was applied via a dipole antenna. Temperature- time heating plots were generated using an operating frequency of 10 MHz and a current of 50 Amperes. This data and the physical properties of the tar sands were then simulated using the CMG software. The results indicated an oil recovery in the range 30-60%. An energy balance was then conducted and the results show that commercial extraction of oil from Trinidad tar sands by RF heating is viable with an oil price of over USD 25 per barrel.

[vauch] 10/2/2021 13:34

Taken from RNS in November 2019

In addition, under the MoU, the parties shall explore the potential for the use of TurboShale's RF technology in an oil sands field operated by Valkor in Trinidad.

I wonder if the reason we have not used this kit last year is due to TOM lending it to
Valkor.

[ducky fuzz] 10/2/2021 13:17

Hi damac .. is that your buy then ..

[ducky fuzz] 10/2/2021 13:16

Online 0.493p sell and 0.5055p buy

[damac] 10/2/2021 13:04

The 600,000 that went through at 12:55 was a buy, not a sell.

[freedom97] 10/2/2021 12:29

Yes, I agree Ducky, but when you have money but not in your trading account, it would be good to be able to quickly buy shares without first having to transfer the money in, by which time the share price might have shot up.
I don't want to have money doing nothing in trading account when I can have it earning some interest at mo 1.2% in a Building society.

[ducky fuzz] 10/2/2021 12:00

I think it's really dangerous to buy shares with money you don't have.

[freedom97] 10/2/2021 11:52

When I was with TDW they did T2 to T20, used to be free, then they started charging £3 fee before II took them over.

As far as I'm aware, you can't buy shares with HL unless you have money on account were as with TDW/TD and II you didn't.

[freedom97] 10/2/2021 11:49

Vauch, I've never seen HL offer T10 online, do you have to phone them to do T10?

[ducky fuzz] 10/2/2021 10:28

Thanks SL.

[stuart little] 10/2/2021 10:27

Yes. Trades are generally T2 (2 days to pay) up to T20 (20 days to pay). Sometimes the mms will charge a small premium for T20. Some will gamble on the price rising within the 20 days and sell at a profit without having to shell out anything. Risky strategy but I've profited from it in the past. You need to make sure you can take up the trade or cover the loss if it goes against you!!

[ducky fuzz] 10/2/2021 10:23

What does extended settlement mean ..

Can you buy now and pay in the future ..

[stuart little] 10/2/2021 10:21

Maybe on extended settlement.

[vauch] 10/2/2021 10:19

Ducky come on they wanted a mill that was the price so they purchased them.

[ducky fuzz] 10/2/2021 10:16

Online 0.493p sell and 0.508p buy for 1 million shares ..

So how did someone pay 0.53p for 1,000,000 shares ..

[fadec92] 10/2/2021 09:42

The operations are in Vernal the equipment will be installed at the back end and will be fined tuned to suit, if the supply chain and site is there with potentially the sale of MSAR and PetroTeq product then you wouldn't want just samples sent to the UK for testing and maybe having too go back and fore

[spangler79] 10/2/2021 09:40

The OGM permit files can be found here. We should be fine as long as we don't overrun and PQE don't get slapped with a cessation order after 01-March. (Unless I'm being a dork and missing something obvious)
hxxps://ogm.utah.gov/minerals/MineralsPDO/angularmineralsfilesbypermit.php?M0470089

[ducky fuzz] 10/2/2021 09:03

Of the above 3 comments I think Bungee's was the most helpful. DF

[bungeetrader] 10/2/2021 08:48

Probably just needing a good fart!

[stuart little] 10/2/2021 08:44

Ducky, I bet you were a nightmare of a child in December!:-)

[goulding1215] 10/2/2021 08:38

Ducky, when the TOM nomad approves.

[ducky fuzz] 10/2/2021 08:35

I do wonder when we will get our next RNS .. I am feeling a build up of tension inside me.