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Buccaneer Energy Cuts Water 80% to 0%, Targets 99% IRR at Pine Mills | Buccaneer Energy (LSE: BUCE)
Description
In this episode of The Watchlist, listeners hear from Paul Welch, CEO of Buccaneer Energy (LSE: BUCE), following exceptional pilot results from the company’s organic oil recovery program at Pine Mills.
The treatment reduced water cut from 80% to zero in one well and doubled production in the pilot area. Paul explains the science behind the microbial recovery process, the modeled 99% internal rate of return, and how scaling the program could materially increase free cash flow while lowering operating costs.
This discussion covers:
- The mechanics of organic oil recovery
- Production uplift and modeled decline assumptions
- A projected 99% IRR at current oil prices
- Opex reductions from lower water handling
- Expansion plans across Pine Mills
Website: https://www.buccaneerenergy.co.uk
This podcast is made in partnership with Buccaneer Energy. It is for informational purposes only and does not constitute investment advice. Please do your own due diligence. For our full disclaimer, visit: https://themarketonline.ca/disclaimer
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