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#1

It`s been a nice few weeks .
I feel this may keep on going upwards to first target of 12p .
Long term things are promising ,if not crystal clear .
Therefore I have been taking profits as and when .

Best of All


#2

A Calgary tech company has field tested its patent-pending radio frequency heating technology, known as RF XL, developed to recover bitumen from the Alberta oil sands in an environmentally friendlier way than current steam extraction methods. Acceleware Ltd. said in a statement on March 23 that the first phase of the field test program for its enhanced oil recovery technology, undertaken in partnership with GE, has successfully achieved all of its objectives. These included demonstrating that the RF XL technology is capable of delivering high levels of power from the surface into the target formation, and that the technology can heat the test formation as efficiently and quickly as predicted. The company also said that its technology is scalable to long horizontal wells. Acceleware has sold the test data to an oil sands producer. Further tests are planned.

Radio frequency technology, which has been known and considered for down-hole heating of oil reservoirs since the 1970s but has been until now only partially successful, can improve the environmental performance of oil sands and heavy oil production significantly, Acceleware claims. Renewed interest in the technology, spurred by depletion of conventional oil reserves, better computer modeling and a deeper understanding of the technology, has brought it to the point where Acceleware can now claim that its version can reduce capital costs by 76 per cent and operating costs by 43 per cent, compared to conventional steam-injection methods (steam-assisted gravity drainage, or SAGD). RF XL requires no solvents, less land, no external water and less energy to produce oil from oil sands.

Cyclic RF heating process. Source: Acceleware
In the same way that your microwave heats your food, it heats evenly; that’s how this technology works. It’s going to heat the water in the formation and then that water is going to warm the oil and the oil will move, so the big advantage is that those radio waves travel through oil and rock evenly.

Advantages of RF heating technology also include its ability to be applied equally well in a range of different reservoir types, whether deep, shallow, thin or thick. The permeability of the heavy oil in the reservoir does not limit the amount of RF power that can be injected, and the process can be powered by green sources of electricity, the company says. The water already present in all oil reservoirs is heated by electro-magnetic energy generated by an antenna, converting it into steam.

The phase one tests, lasting three days, demonstrated that key components of RF XL are “technically sound” and the process was able to heat the test formation to steam saturation temperature within the three-day test period, with greater than 85 per cent correlation with pre-test simulations.

RF heating in an assisted gravity drainage design. Source: Acceleware
An Acceleware spokesman, Mike Tourigny, commented that the company expects RF XL to play an even bigger role in accessing the 90 per cent of Alberta oil sands deposits that have so far been commercially inaccessible. “The fundamental thing here is that this is a way to produce oil sands and any heavy oil with less power, which leads to less greenhouse gas and lower costs, and it is an opportunity for the Alberta oil industry specifically, but it applies to other oil deposits around the world. We are aware of the image that the oil sands have gotten as dirty oil; not only can we make that clean oil—as clean as oil can be—but we can bring some profit back to the industry.”

Tourigny likened the process to an “inside-out microwave” that heats food evenly. The radio waves heat the water in the oil formation, moving evenly through oil and rock, warming the oil and causing the oil to move.

In its statement Acceleware lists these as the five main ways in which RF XL optimizes heating for oil production:

the system utilizes a unique RF transmission line system that is able to carry high levels of RF power
the transmission line system is highly efficient
the system delivers heat to the formation quickly after start-up
the system employs a highly efficient silicon carbide (SiC) based RF power generator
the technology is scalable to very long horizontal wells
The technology remains three to five years away from commercial use.


#3

A three–day field test of a radio frequency in situ oilsands technology has successfully met its objectives, allowing for plans to progress on a second phase commercial-scale pilot, Acceleware says.

Over the years, a number of potentially disruptive alternatives to SAGD technology have been promoted.

Like those, Acceleware’s RF XL makes some bold claims: a 25 to 50 per cent reduction in greenhouse gas emissions compared to SAGD (depending on the power grid source); dramatically lower capital requirements with at least a 50 per cent lower cost per flowing barrel; and it doesn’t require the addition of water to the reservoir.

But unlike some technology proponents, Acceleware is a publicly listed company on the TSX Venture and it has connections with some global heavyweights—including GE.

“We been working on this for close to seven years now with super majors around the world,” Acceleware vice-president Mike Tourigny told JWN.

In that development work, Acceleware concluded that a “traditional” approach to producing oil with RF was not economic because it required expensive military-grade machinery and faced challenges in long SAGD horizontal wells.

“We redesigned everything from the ground up. That’s where our partnership with GE comes into play—in order to have a really low-cost efficient way to generate [in situ heat],” Tourigny says.

“The other piece is to make sure that we go into the ground with just pipes. It’s all standard oilfield materials. There’s nothing funky or flaky that needs a new type of service rig or training.”

Acceleware’s RF XL technology is also in synch with the future of the oilsands, which is likely see smaller, more efficient projects. If the system proves commercial, it could deliver economic production from even a one-well deployment, he says.

“Our economics are flat. If you run one well or 20, the economics are the same, assuming that the reservoir is the same.”

Acceleware’s second phase of testing is planned for 2017 and 2018, and will deploy a 1,000 metre RF XL heating system using Acceleware and GE’s power electronics technology in an oilsands reservoir. The wells will be fully instrumented and the test will use commercially viable dimensions and power levels to further confirm efficiency and production estimates, Tourigny says.

“We’re about three years away from commercialization.”

Asked about requirements for government funding to advance to commercialization, he added: “We probably will need government funding for some of this development. We have applied and we are optimistic that we will see some of that come through, along with operator support.”


#4

eralberta.ca/wp-content/uploads/2017/05/ESEIEH-Interim-Report.pdf

The trials continue

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#5

Nice bounce of 5p .
Long term 12p easily achievable.
May be above £1 in a far far galaxy .
This is new tech , after all .
Ten years on and maybe the market begins to take heed .

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#6

Nice bounce off 5p .
Long term 12p easily achievable.
May be above £1 in a far far galaxy .
This is new tech , after all .
Ten years on and maybe the market begins to take heed .

Best of All


#7

Sounds like a good way to lose money!

Frog in a tree


#8

I shall add as possible up to a suitable limit .
Tomco remains a mainstay at present .

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#9

Jun '12
This has to be short term traders, what more do they want from this share. Today’s RNS showed an increase in proven resources from 123 Million barrels of Oil to 126 Million barrels. If we take that at an average of $100 a barrel that works out to $2.6 Billion dollars, an increase of $3 billion to the company’s potential value.

The future continues to look brighter , almost ten years later .
Some dreams take a time to fruit.
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#10

Profit it seems has today been taken the All MMs too . At 4 to 5p ,Toms time will come again .
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#11

Nicely bounced straight back into uptrend .
Perhaps there is good news in the background itching to be known .

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#12

Seems we are almost following that Acceleware graph .
A break of 0.17 cents or 3p is in the pipeline.

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#13

One feel that above 12p may well be possible for Tomco .
In the next few months and beyond
Given the technology working .
Acceleware leads Our Path

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#14

Bought this March 7th. Many breakouts are worth closing. But this one looks a hold