S11 Ep45: Midweek Takeaway with Paul Welch, CEO of Buccaneer Energy (LSE:BUCE) #BUCE
In this episode of The Midweek Takeaway, we’re joined by Paul Welch, CEO of Buccaneer Energy, to discuss the company’s successful organic oil recovery pilot at Pine Mills in East Texas.
The low-cost treatment doubled production from 15 to 30 barrels per day, with one well’s water cut falling from 80% to zero — boosting both output and margins. Paul explains how the process works, how quickly it could impact cash flow, and plans to roll it out across the wider field in 2026.
We also touch on growth ambitions, acquisition strategy, and the goal of significantly increasing production longer…
The skinny
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