To underpin transformation, deployment of new technology in a consistent framework will unlock far more resources quickly than ever before. Our plan is to unlock $1bn plus of un-risked reserves and deliver known discoveries that others have given up in the Quad 16 area. We are also opening our path to acquiring mature assets to decommission and deploy new Subsea technology for further MER, and Gas Storage. This includes bringing new and old together from slim-hole drilling, DTS, thermal energy recovery, smart cement, physics, mathematics and sound engineering principles. New technologies and classical research will be combined to meet our commitments to the Environment, Science & Innovation. We will be pushing the boundaries of Geological & Reservoir Interpretation to establish the critical safety criteria that is far more valuable than benchmarking on imaginary reserves risks. Well, Facility & Geomechanical Integrity is a combined field we will work with Underwriters and our teams to quantify and manage effectively.
This will allow us to enable an efficient energy balance in the UK, freeing up more resources for PetroStar's overarching remit to link fully E&P, Renewables, Engineering and Raw Materials to value for the Public Sector and Society. Renewables will not be sustainable unless efforts are made to harmonise the supply chain from the Mine, Well, Field to the Commoner. With the advent of Block Chain and Open Banking technology, this offers us a unique opportunity to realise the value of the myriad of small pools across the UK North Sea and make a real difference that does more than just comply with tax legislation. It is our Small Pool's ethic - Energy Costs from all sources in the Public Sector should be funded by the Private Sector. This will not just remove the burden for the NHS and Education, but enable the stranded small pools of SME's, Innovators and Alternative Energy Sectors to be supported by a Sustainable Economy. This may appear controversial, but the steel, aluminium, lithium and heavy equipment needed for Wind Turbine Manufacture, Batteries etc, currently depend on efficient use of all energy available. Thus our contribution is the E&P's version of what pioneering Liberty Steel is doing - increasing use of renewable electricity for steel works. Noting regardless of Fossil Fuels, Natural & Man Made Bio sources of C02 and Methane are needing to be brought under control too. We will need stores - Small Pools offer a sustainable solution, whilst we fund the search for a clean bio & conventional cycle. If companies like ours team up - the future is unlimited.