Versarien Share Discussion Threads

[rainbow23] 28/6/2019 22:41

Back under a quid next week. Guaranteed.

[forestfred] 28/6/2019 22:22

Rainbow ect they are back
In the gutter now , they will pop back up .
They try to create fear which can effect people’s lives bad form karma will get them .

Normally a sign to top up when they appear .
I dont like their tactics though I have to say .
All the best have a good weekend best wishes to Neill and the Vrs team and all lth .
Ff

[chimpandy1] 28/6/2019 22:17

Is this the end of the rainbow? Time for the pot of gold!

[mrgpearce] 28/6/2019 22:14

There's two ends to a rainbow, the 'bell' and the 'short', both equally applicable to this troll who can't find his crock of gold...

[harrysol] 28/6/2019 21:56

Great posts today. Just out of curiosity, where is that cretin, rainbow23?????

[amt] 28/6/2019 21:50

Cost of graphene 100 to 1000 usd per gram depending on quality.
So 12kg is 1.2m usd.
Let's say 1 million usd.
Neil said they have capacity for tons or several thousand kgs which is several hundred million usd.
In terms of production is say 5kg per day. That's say 1500kg per year or 150m usd worth per year. Back of envelope but gives an idea that we are talking hundreds of millions if usds if things develop nicely.

[rogerbridge] 28/6/2019 21:49

There could be more of these quick to order deals. Patrick was working on projects that did not come to fruition with a previous employer. Now these companies can try Graphene from a verified supplier.

[woodpeckers] 28/6/2019 21:29

The exciting thing about this deal... no ..one of the exciting things about this deal is that it has obviously been another left ball... Neill said it has been a few weeks in the making, so this isn't one of the Big Five yet it obviously has massive potential... from what we have seen I thought that any big deal was going to take months or years in the making but this has shown that although we still have those big deals brewing it doesn't mean that we won't get the odd company that just thinks 'We need this product, let's just go for it!'

Such an exciting company to be involved in, so hard to comprehend the extent of the opportunities that lie ahead.

[davemac3] 28/6/2019 21:09

amt28 Jun '19 - 20:01 - 71829 of 71831
0 2 0
How much is 12kg of graphene.
Don't know but I suspect runs into millions of dollars right?

I doubt it's millions. NR sidestepped the question in the podcast but said that it is financially significant and said the margins make for a very healthy return for investors.

[empoggio] 28/6/2019 21:03

ILLOGICAL LOGIC:

12kgs (say 10kgs) = +10%, therefore 3 ton machine at full capacity = >3000%.

Suits me fine!!!

[serratia] 28/6/2019 20:33

Graphene can also be put to use for well logging. Well logging techniques provide data on the geological properties of reservoirs of interest to the oil and gas exploration industry. A commonly used logging technique uses wirelines to provide information about an oil or gas well. Wirelines are long wires with sensors attached to them, which are lowered into an exploration hole to provide information about the hole and its contents. An extension of wireline logging is logging-while-drilling, which relies on sensors at the end of the drill itself. Both methods utilize oil-based fluids for drilling and lubrication. Oil-based fluids, however, are not very good conductors of electricity, which is where graphene enters the scene.

[mackey43] 28/6/2019 20:20

Great news today the bit I liked was
This order is for 12kg of Versarien's high purity graphene nano platelets ("GNP-HP") integrated into a polymer masterbatch by the Company and follows successful laboratory testing and industrial trials by the Customer. The Versarien GNP-HP enhanced material will be used by the Customer in down-hole drilling components for their initial scale up process. If the scale up is successful, additional significantly larger orders are anticipated.The 12kg only takes a couple of days to make.How much will they need on scale up significantly larger orders anticipated.All coming together nicely.

[amt] 28/6/2019 20:01

How much is 12kg of graphene.
Don't know but I suspect runs into millions of dollars right?

[serratia] 28/6/2019 19:41

Odds and ends -

56% of drilling tool failures in the oil extraction industry are caused by low durability of the rubber stator – one of the most important elements in a screw drill. In China, annual losses from the failure of drilling tools are estimated to be more than $40,000 per oil well. Equipment manufacturers are thus always looking for ways to improve the rubber used in screw drilling tools, to reduce these financial losses for oil-extracting companies.

“Improving the modulus of elasticity is the most valuable advantage of graphene nanotubes in our industry, because that leads to a 30% increase in output torque of our products. With that, the drilling speed can also be increased by more than 20%, resulting in a shortened drilling cycle, reduced energy consumption and less environmental pollution,

[superg1] 28/6/2019 19:23

If you go on a patent hunt plenty of oil and gas guys appear with graphene.

EG Schlumberger late last year using graphene titled as

Downhole tool explosive with thermally conductive material

A snippet which may make sense to you guys with experience

As an example, HMX, RDX and other explosives can exhibit thermal instability arising from one or more sources. For example, there can be an intrinsic thermal stability associated with bond strengths of a single molecule of the explosive material; there can be one or more impurities, where, in the presence thereof, the explosive degrades more readily than it would without the one or more impurities; and there can be degradation of a single molecule of explosive can generate heat that causes a local temperature rise leading to increased degradation of adjacent explosive molecules. As to the latter, where a thermally conductive material is present, it may be able to (i) absorb some of the heat energy and (ii) conduct some of the heat energy away to a lower temperature region (e.g., within, at a surface, etc.).

[richafling] 28/6/2019 19:06

Now this gets my curiosity Potentially a good find, fits with energy density, batteries , lightweight and super capacitor fast chargingSadly nothing material to add to the speculation

[scottishfield] 28/6/2019 19:06

Thanks for that insight CotswoldSparky, fascinating, appreciated.

[superg1] 28/6/2019 18:55

Just to clarify

NR said

"The product doesn't work without graphene"

So in theory it's a product not used before because it didn't work or wasn't available as it wouldn't work.

So a new product for a problem perhaps.

[cotswoldsparky] 28/6/2019 18:46

I've been itching to look into this RNS but have been at work, unfortunately. Two patents that stand out from this list, Downhole Graphene Heat Exchanger and Downhole Supercapacitor device.

When Patrick tweeted some pictures from the new offices, one of the possibilities I considered was the blow out preventor and a link to supercapacitors given that one of the safety devices failed due to a flat battery on DeepWater Horizons rig - this patent fits that scenario to a tee!

The other one, Graphene Heat Exchanger would fit Neill's comment that the product would not work without graphene. Downhole drilling suffers from two problems, temperature and vibration. Find a way of getting heat away from the Electronics and you can produce from fields and zones which are inaccessible currently. I think this is a very likely candidate for the RNS.



Halliburton are just down the road from Woodlands, about 15-20 minutes. Their HQ is known as North Belt Campus



All speculation, of course! But that's part of the fun. I used to work for a company that was taken over by Halliburton and had their HQ on that very campus. Been there many times in the past (1990s), even discussed downhole heat exchangers! Nice to see it might be happening!

[johnveals] 28/6/2019 17:59

A down hole failure, depending upon depth, can take the best part of a day to pull out repair the fault and run back in, with offshore drilling rigs costing hundreds of thousands a day to operate.

[bobsworth] 28/6/2019 17:46

Enjoyed listening to today’s Podcast

On production:

- Current capacity allows these bigger development orders to be satisfied very quickly.
- Being able to produce quality is a given with accreditation.
- Being able to produce to time and in reasonable quantities is a given.
- Being able to produce to a commercial rate is a given too.

So, all production cards are stacking up nicely for VRS!

This is great to know especially also hearing today that:

- AECOM are continuing to make great progress and is going to be a significant challenge on the quantity of graphene they might use.
- All their collaborations are also moving forward!
- The order they announced today is very exciting, knowing the future quantity they might require.
- China BIGT deal was still on track for the AGM timescale.

All in all a very positive RNS today followed by a great podcast.

[busters] 28/6/2019 17:37

Investors Chronicle covering todays RNS. "Versarien secures first American order".
But although this first order is encouraging, still rates the company a sell.
It also states Patrick Abbotts departure was, according to a Versarien spokesperson, was "solely a decision for the board" and "there are no current plans or agreement for him to rejoin"

[superg1] 28/6/2019 17:22

I don't think it would be a lubricant as the comment was that it only works with graphene.

That could mean either products used corrode, heat issues, or perhaps it's the electrical side that makes the gain.

But then he says that lesser quality multi-layer won't do the job, but that does have electrical and thermal capability but perhaps undermines strength as demonstrated in various science papers.

So I'm completely flummoxed (for now).

[fireball xl5] 28/6/2019 17:01

All in after that. There comes a time when the cards just can't be beaten. Graphine the enabler. No gimmicks, no gizmos, black gold.