Beiträge von fs_fra

  • Das neue Südafrika

    Die Russen sind doch schon längst da... :D


    Wenn man den Immobilienmarkt in Kapstadt und Umgebung ein wenig beobachtet hat in den letzten Jahren und ein wenig "Ear to the ground" hatte, erfährt man interessante Geschichten über die Russischen Immo-Käufer, die komischerweise immer in Bar bezahlen wollen.... ;)


    Wie man dort unten sagt: Can you say "Money Laundering" in Russian?


    Ein bekannter aus England sagte mir mal: "South Africa is a 50ft country - everything is beautiful until you get within 50ft of it...."



    LOL

  • Petrobank Energy / PBG (TSX)

    Habe mal einen befreundeten Petrogeologen nach der THAI Technologio von Petrobank gefragt. Hier ein Ausschnitt des E-Mail Verkehrs - interessant!


    Leider auf Englisch und laaang.....


    First thing to say is that you need to understand this is a company dealing in what are currently known as “Unconventional Resources” = UR, i.e. either/or heavy oils & CBM (coal-based methane). Not every oil & gas company is involved with this sector, I’ll get on to why in a sec. However, strangely, (my company) are actually one of the major players, certainly in the States, & just improved their position by making two significant purchases. Next thing to bear in mind is that these investments (er, read: “gambles”) are huge & long-term, & from what I understand UR is particularly so. The good news is that the Recovery Rates (how much you get out for how much you find) are very high by industry standards; most conventional fields are lucky to get half out, while heavy oil might get 70%+ out. Now, the bad news….energetically, they are less clever. You sometimes need to put nearly as much in to get as much out. There are also some serious technical challenges, like excessive surplus water for CBM. And this is the real clincher – this makes them bloody expensive to extract.


    Which leads me on to the two key parameters for any oil company:


    Finding Cost (how much per barrel)
    Reserve Replacement Ratio (how quickly do they find new barrels)


    Finding Cost for UR is something around $30-$35/barrel. Today’s Brent is $76. In 1998, when I was at IFP it was $8. You get the picture.
    This will undoubtedly come down though & this is potentially where this THAI Technology is interesting.


    Am including the dialogue I set off among a couple of the very interllectual petroleum engineers I work with here & who have used this crazy technology before….. should give you a laugh if nothing else:


    >Anyone else seen this?
    >
    >http://www.petrobank.com/ops/html/cnt_white_thai.html
    >
    >Am I mistaken here or are they setting the reservoir alight?!?
    >



    RE: Strange, but might be very clever...
    >
    >
    >Yep, that's what they're doing. But you have to call it "exothermic viscosity reduction" or something equally jargonistic to get your SPE merit badge.
    >
    >I once worked (fortuantely briefly) on a West of Shetlands heavy oil which wouldn't move. The project manager had read his 'Ladybird book of reservoir engineering' and wanted us to look at building an offshore oxygen extraction platform and setting fire to the reservoir with the O2. Absolutely not an accident waiting to happen, at all.
    >



    >Subject: RE: Strange, but might be very clever...
    >
    >Yes, they simply mention injection of “air” here. Now, again if I’m not too mistaken, ¾’s of “air” is inert nitrogen+nobles, a couple of % is water vapour & the rest is, well, ……O2.
    >
    >We’re still talking setting the reservoir alight if my GCSE Chemistry serves me correctly.
    >


    >As J/C says, really it's just a modification of the old "fireflood" technology and yes you really don't need to inject pure O2.
    >In fact I understand that injecting air under pressure is enough to light up the reservoir quite nicely even without an ignition source.


    >
    >Firefloods do have a bad habit of lighting up the production wells occasionally so we never considered them

  • Petrobank Energy / PBG (TSX)

    Habe mal einen befreundeten Petrogeologen nach der THAI Technologio von Petrobank gefragt. Hier ein Ausschnitt des E-Mail Verkehrs - interessant!


    Leider auf Englisch und laaang.....


    First thing to say is that you need to understand this is a company dealing in what are currently known as “Unconventional Resources” = UR, i.e. either/or heavy oils & CBM (coal-based methane). Not every oil & gas company is involved with this sector, I’ll get on to why in a sec. However, strangely, (my company) are actually one of the major players, certainly in the States, & just improved their position by making two significant purchases. Next thing to bear in mind is that these investments (er, read: “gambles”) are huge & long-term, & from what I understand UR is particularly so. The good news is that the Recovery Rates (how much you get out for how much you find) are very high by industry standards; most conventional fields are lucky to get half out, while heavy oil might get 70%+ out. Now, the bad news….energetically, they are less clever. You sometimes need to put nearly as much in to get as much out. There are also some serious technical challenges, like excessive surplus water for CBM. And this is the real clincher – this makes them bloody expensive to extract.


    Which leads me on to the two key parameters for any oil company:


    Finding Cost (how much per barrel)
    Reserve Replacement Ratio (how quickly do they find new barrels)


    Finding Cost for UR is something around $30-$35/barrel. Today’s Brent is $76. In 1998, when I was at IFP it was $8. You get the picture.
    This will undoubtedly come down though & this is potentially where this THAI Technology is interesting.


    Am including the dialogue I set off among a couple of the very interllectual petroleum engineers I work with here & who have used this crazy technology before….. should give you a laugh if nothing else:


    >Anyone else seen this?
    >
    >http://www.petrobank.com/ops/html/cnt_white_thai.html
    >
    >Am I mistaken here or are they setting the reservoir alight?!?
    >



    RE: Strange, but might be very clever...
    >
    >
    >Yep, that's what they're doing. But you have to call it "exothermic viscosity reduction" or something equally jargonistic to get your SPE merit badge.
    >
    >I once worked (fortuantely briefly) on a West of Shetlands heavy oil which wouldn't move. The project manager had read his 'Ladybird book of reservoir engineering' and wanted us to look at building an offshore oxygen extraction platform and setting fire to the reservoir with the O2. Absolutely not an accident waiting to happen, at all.
    >



    >Subject: RE: Strange, but might be very clever...
    >
    >Yes, they simply mention injection of “air” here. Now, again if I’m not too mistaken, ¾’s of “air” is inert nitrogen+nobles, a couple of % is water vapour & the rest is, well, ……O2.
    >
    >We’re still talking setting the reservoir alight if my GCSE Chemistry serves me correctly.
    >


    >As J/C says, really it's just a modification of the old "fireflood" technology and yes you really don't need to inject pure O2.
    >In fact I understand that injecting air under pressure is enough to light up the reservoir quite nicely even without an ignition source.


    >
    >Firefloods do have a bad habit of lighting up the production wells occasionally so we never considered them

  • Ölsand - Aktien , Ölsand

    Habe mal einen befreundeten Petrogeologen nach der THAI Technologio von Petrobank gefragt. Hier ein Ausschnitt des E-Mail Verkehrs - interessant!


    Leider auf Englisch und laaang.....


    First thing to say is that you need to understand this is a company dealing in what are currently known as “Unconventional Resources” = UR, i.e. either/or heavy oils & CBM (coal-based methane). Not every oil & gas company is involved with this sector, I’ll get on to why in a sec. However, strangely, (my company) are actually one of the major players, certainly in the States, & just improved their position by making two significant purchases. Next thing to bear in mind is that these investments (er, read: “gambles”) are huge & long-term, & from what I understand UR is particularly so. The good news is that the Recovery Rates (how much you get out for how much you find) are very high by industry standards; most conventional fields are lucky to get half out, while heavy oil might get 70%+ out. Now, the bad news….energetically, they are less clever. You sometimes need to put nearly as much in to get as much out. There are also some serious technical challenges, like excessive surplus water for CBM. And this is the real clincher – this makes them bloody expensive to extract.


    Which leads me on to the two key parameters for any oil company:


    Finding Cost (how much per barrel)
    Reserve Replacement Ratio (how quickly do they find new barrels)


    Finding Cost for UR is something around $30-$35/barrel. Today’s Brent is $76. In 1998, when I was at IFP it was $8. You get the picture.
    This will undoubtedly come down though & this is potentially where this THAI Technology is interesting.


    Am including the dialogue I set off among a couple of the very interllectual petroleum engineers I work with here & who have used this crazy technology before….. should give you a laugh if nothing else:


    >Anyone else seen this?
    >
    >http://www.petrobank.com/ops/html/cnt_white_thai.html
    >
    >Am I mistaken here or are they setting the reservoir alight?!?
    >



    RE: Strange, but might be very clever...
    >
    >
    >Yep, that's what they're doing. But you have to call it "exothermic viscosity reduction" or something equally jargonistic to get your SPE merit badge.
    >
    >I once worked (fortuantely briefly) on a West of Shetlands heavy oil which wouldn't move. The project manager had read his 'Ladybird book of reservoir engineering' and wanted us to look at building an offshore oxygen extraction platform and setting fire to the reservoir with the O2. Absolutely not an accident waiting to happen, at all.
    >



    >Subject: RE: Strange, but might be very clever...
    >
    >Yes, they simply mention injection of “air” here. Now, again if I’m not too mistaken, ¾’s of “air” is inert nitrogen+nobles, a couple of % is water vapour & the rest is, well, ……O2.
    >
    >We’re still talking setting the reservoir alight if my GCSE Chemistry serves me correctly.
    >


    >As J/C says, really it's just a modification of the old "fireflood" technology and yes you really don't need to inject pure O2.
    >In fact I understand that injecting air under pressure is enough to light up the reservoir quite nicely even without an ignition source.


    >
    >Firefloods do have a bad habit of lighting up the production wells occasionally so we never considered them

  • Petrobank Energy / PBG (TSX)

    Blumen?


    Danke für das Chart - bin zwar kein Charttechniker, aber was dort zu sehen ist, deutet tatsächlich auf ein Warten hin...kein Problem - kann dann noch ein wenig Pulver sammeln...


    Gruss,
    FS

  • Petrobank Energy / PBG (TSX)

    Blumen?


    Danke für das Chart - bin zwar kein Charttechniker, aber was dort zu sehen ist, deutet tatsächlich auf ein Warten hin...kein Problem - kann dann noch ein wenig Pulver sammeln...


    Gruss,
    FS

  • Ölsand - Aktien , Ölsand

    Blumen?


    Danke für das Chart - bin zwar kein Charttechniker, aber was dort zu sehen ist, deutet tatsächlich auf ein Warten hin...kein Problem - kann dann noch ein wenig Pulver sammeln...


    Gruss,
    FS

  • Petrobank Energy / PBG (TSX)

    Hallo Edel Man,


    ich lese seit einiger Zeit in diesen Foren und bin von dem Informationsgehalt sehr angetan!


    Mich interessiert Petrobank auch schon seit einiger Zeit und mich würde interessieren, ob die zu dem aktuellen PPS einen Kauf wert sind? Das Whitesands Projekt scheint ja gut voran zu schreiten...allerdings dümpelt die Aktie auch schon seit einiger Zeit rum und es scheint trotz aller Oil Price und ähnlichen News keine Phantasie in der Wert zu kommen.


    Danke im Voraus!


    FS

  • Petrobank Energy / PBG (TSX)

    Hallo Edel Man,


    ich lese seit einiger Zeit in diesen Foren und bin von dem Informationsgehalt sehr angetan!


    Mich interessiert Petrobank auch schon seit einiger Zeit und mich würde interessieren, ob die zu dem aktuellen PPS einen Kauf wert sind? Das Whitesands Projekt scheint ja gut voran zu schreiten...allerdings dümpelt die Aktie auch schon seit einiger Zeit rum und es scheint trotz aller Oil Price und ähnlichen News keine Phantasie in der Wert zu kommen.


    Danke im Voraus!


    FS

  • Ölsand - Aktien , Ölsand

    Hallo Edel Man,


    ich lese seit einiger Zeit in diesen Foren und bin von dem Informationsgehalt sehr angetan!


    Mich interessiert Petrobank auch schon seit einiger Zeit und mich würde interessieren, ob die zu dem aktuellen PPS einen Kauf wert sind? Das Whitesands Projekt scheint ja gut voran zu schreiten...allerdings dümpelt die Aktie auch schon seit einiger Zeit rum und es scheint trotz aller Oil Price und ähnlichen News keine Phantasie in der Wert zu kommen.


    Danke im Voraus!


    FS