HCD 0.00% 0.3¢ hydrocarbon dynamics limited

Yep, all from an ASX announcements....Santos is definitely the...

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    Yep, all from an ASX announcements....Santos is definitely the Cooper Basin producer. The Golf of Mexico producer hasn't been named but the South Sudanese producer has been named as Petronas. Multi-flow has been trialed very successfully on a spur pipeline in the G of M which was having paraffin wax build up issues. It was stated in the last quarterly that Multi-flow solved their wax deposition issues to an extent that they were then able to increase the pipelines flow rate by 25%. The South Sudanese pipeline trial began several months ago and as of the last quarterly, HCD stated that they've begun initial talks surrounding the chemical treatment for their next winter. Now given the length of time since they started the trial, logic tells me that it's working well because why would Petronas be wasting their time with HCD if the treatment hasn't proved successful. The potential annual revenue for the two pipelines has been estimated by HCD at $5.2 million.
    Last edited by dcob: Wednesday, 21:30
 
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