EXR 0.00% 5.3¢ elixir energy limited

BarneyI had some serious comment to make on the subject post but...

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  1. 451 Posts.
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    Barney

    I had some serious comment to make on the subject post but for some reason it automatically posted as soon as I uploaded the video.

    At one stage I was involved in the manufacture of Cryogenic containers and being double walled they are extremely safe. The LNG is stored at relatively low pressure since it is cooled to liquid form below -160C)

    The force that appeared to launch the semi trailer like a rocket is a mystery.

    The only thing I can think of was that if the PRV/s (Pressure Relief valves) did not operate and a progressive pressure build up from slow regassification within the cryogenic vessel may have ruptured the primary Pressure vessel.

    There appeared to be no fire associated with the initial explosion that launched the truck. IMO this would be more likely happen if it was nearly empty giving a large space for pressure to build up with a huge amount of stored energy.
    A rough calculation on the domed end rupturing on a nearly empty container could IMO have produced sufficient thrust to launch the rig like a rocket which is what appeared to have happened.

    The devastating fire at the point of impact where the rig landed was IMO the result of the remaining LNG cargo combusting in the presence of air.

    I have unfortunately seen 27 men killed in front of me over the years on the O&G industry & have risked my life on a number of occasions to save others and cannot over emphasise the importance of safety in this industry.

    Since I have detailed models on LNG plants from 2.5 TJ/day to 100 TJ/day I am looking at a post regarding this initiative.

    At the time of writing these are my thoughts:

    I do have concerns in relation to the all out attempt the US is making to undermine the Chinese economy and can't see that Australia has much to gain commercially by siding with the US at a time when we need to sell as much iron ore, gas and coal as we can.

    IMO the reality is that China is our predominant trading partner because they are offering us better deals than anyone else.

    I have to say in all honesty that China absolutely incensed that Australia is supporting US interests rather than our own and hope that this does not result in China not being interested in buying gas from Elixir.

    Russia really needs the foreign exchange and will probably set a low bench mark price in competing with Elixir for supply to China.

    I have a rule of thumb that an operating company needs to put at least 50 TJ.s/day down the pipe at a good margin to even think of being viable.

    Once a company starts producing shareholders look at it through completely different eyes.

    Small LNG plants have high operating liquification costs/GJ and really need stranded gas for almost nothing to be viable. A larger scale plant (say 100 TJ) operating off the Russian Pipeline could work with Cryogenic road trains delivering LNG to the Mongolian Coal Trucking Fleet.






 
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