Register
Login:
Share:
Email Facebook Twitter

Tower CEO gives give operational update on Njonji development well Watch Here

Exclusive: InfraStrata CEO confirms 6 parties interested in offtake agreements
Tower CEO gives give operational update on Njonji development well


Angus Energy Share Chat (ANGS)


Exclusive: Balcombe test boost for Angus Energy as oil flows Watch Here


Share Price: 11.85Bid: 11.70Ask: 12.00Change: 0.00 (0.00%)No Movement on Angus Energy
Spread: 0.30Spread as %: 2.56%Open: 11.25High: 12.15Low: 11.10Yesterday’s Close: 11.85


Share Discussion for Angus Energy


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Alan2017
Posts: 2,158
Opinion:No Opinion
Price:11.85
RE: Alan2017
Today 07:18
Oh and lastly...I shall be on the golf course if and when it hits 50p lol
 
Alan2017
Posts: 2,158
Opinion:No Opinion
Price:11.85
RE: Alan2017
Today 07:14
And that should read .......I haven’t stopped posting and most certainly haven't changed the way I’ve posted since February 2017 lol
Alan2017
Posts: 2,158
Opinion:No Opinion
Price:11.85
RE: Alan2017
Today 07:13
Chicken - regarding fractures. Post originally posted on 3rd November 2018 Subject Re. BMD

A reservoir is like a sponge…where oil pools and then is just waiting for an oil well to be drilled. Angus have shown that it’s not just the limestone that acts like a sponge, but also the interbedded shales (which is totally different to Clay).

Listen to Paul Vonk at 5min 20sec

http://www.lse.co.uk/media/exclusive-balcombe-test-boost-for-angus-energy-as-oil-flows.html

“Used a specialised logging tools that could make an image of the bore hole. 400m of Kimmeridge….200m of it is singularly fractured. The fractures are containing the hydrocarbons.”

At 6min 44secs
“Brockham is a carbon copy of HH. Brockham is drilled as a Kimmeridge Producer. HH was never drilled as a Kimmeridge producer. Hole is too big and used the wrong drilling fluid to get the best out of the reservoir”

Angus RNS 3rd March 2017

“Angus took the search for natural fractures a stage further by using the Weatherford Ultra Wave Acoustic borehole imaging tool. This is its first use in Europe…The tool made it possible to see fractures in the borehole directly, unlike the need to infer fractures from logs. The information confirmed not only evidence of natural fractures in the two main limestones intervals previously tested at Horse Hill, but also confirmed abundant natural fractures in sections of interbedded shales and limestones between and below the two main limestones. Around 200m of the reservoir has this potential. “

http://www.angusenergy.co.uk/wp-content/uploads/2017/03/
Alan2017
Posts: 2,158
Opinion:No Opinion
Price:11.85
RE: Alan2017
Today 07:11
Continued:

I don’t remember myself or any Angus poster going on to the board to cause disruption on a daily basis when the SP dropped from 38p down to 15p in a mater of days. But we have faced a barrage of utter rubbish on a daily basis…why? Protecting their UKOG investment.

Everything I have posted has been factual and unbiased, including why Angus is the better of the 2 companies due to it having the Weald Only Kimmeridge Production licence, how HH and Brockham was drilled. The UKOG Trolls should have taken comfort with what I wrote, but just went on the offensive due to being blinkered and seeing it as an attack. If the mechanic is told to set up a F1 car like a normal car….is it has fault when the race car cannot perform at maximum speeds? Sadly they didn’t get the point.
I expected UKOG to move into Angus after Kimmeridge oil was proven. I’m surprised like Vonk that the SP went down.
And yes…you can’t rush due diligence and thats why UKOG presentation slide on Slide 20 now says Production in 2020…well thats 13 1/2 months away and that will most certainly mov e a few quarters back through delays. You also aha etc consider building of facilities i.e. delays.

I was always invested in Angus for Brockham, certainly not Lidsey as I always saw as chickenfeed.

Please refer to my previous posts as to why I consider Angus is the best Weald company to invest in and the volumes to consider.

I’m also on Twitter correcting the lies made up by UKOG to avoid clogging up the Angus board. Profile name is @Alan20171717
Alan2017
Posts: 2,158
Opinion:No Opinion
Price:11.85
RE: Alan2017
Today 07:10
Chicken - I haven’t stopped posting and most certainly have changed the way I’ve posted since February 2017.

Currently on days off enjoying the sun and the odd beer…plus wife stuff.

Still working in the oil industry…far more senior than Captain America (Tidswell) looking after up to 9 wells at times. Oversee everything from site preparation, planning, paperwork, rig mobilisation, drilling, completions, stimulation, well testing, construction of facilities and handing the keys over at First Oil….as well as keeping locals happy and of course officialdom.

The Trolls seem to throw up the 80’s and how technology as moved on when they disliked one of my unbiased posts ….which of course it has, but totally irrelevant to me considering I’m still in the business contrary to what they say. Even get the specialised service companies wanting to test their prototype tools on our jobs.

I will repost another post from XX November to a now non existent member EyesOnThePrize (aka a formerly banned member using multiple accounts…tut tut). This post will go in to more details regarding fractures and imaging tools.

What I will say is that drilling imaging tools have been around for decades. LWD (Logging While Drilling) allows you to drill very technically challenging wells and each tools gathered informations combined together gives you a big picture of reservoir characteristics. Each type of rock has different signatures when it comes to hardness, porosity, mineral composition. One such tool is an Acoustic tool which uses sound waves to map the rock (rather like a submarine and sonar). The waves travel faster / slower depending on the hardness….Now mapping in oil based mud was always trickier….but continued advancements have been made enabling Brockham.

As Vonk alluded to in the latest podcast, the prime objective for drilling through the Kimmeridge was to get it drilled ASAP and cased off before the hole degraded and collapsed. This was a standard norm why the likes of BP didn’t see the potential. This is the reason BB was a failure twice because they left sections of the Kimmeridge exposed for up to 1 month due to 3 weeks of coring runs and 1 week of extensive slickline logging to gather information for reservoir geologists and write a lovely RNS for the market. Sadly you did to deliver the goods and the hole collapsed in on the liner as it was being run…..then it was a series of clusters. Hole packed off, total losses, pumped LCM that blocked up the fractures that is the life and soul for producing. Sidetracked and loner packed off just prior to cementing….did a cement squeeze job…now where does the cement go if it can’t go back up to surface…well into your rock…which also happens to be your reservoir. And that is why they couldn’t produce.

There are 4 sequential posts dated 21st September 2017 with subject title "Re Commercial" going in to more detail about BB It is self explanatory.
Chickndinner
Posts: 1,056
Opinion:Strong Buy
Price:11.85
Alan2017
Today 00:08
Dear Alan. Please do not take this post the wrong way. I first found your posts obnoxious and condescending and called you Mr know it all. After that you put me rightly in my place and began posting posting the ins and outs of how the drilling and extracting process works along with all of the planning procedures work which I'm sure the whole of this board have been enlightened by. When I listened to PV's interview earlier I was thinking about you. Please correct me if I am mistaken but you are now retired and PV mentioned new advanced technology. Are you up to date with this new imaging and drilling technical advancements? I've noticed lately that you have got locked in with the negative banter going back and forth with the UKOG board and derampers. This is not your style. You are bigger and better than this. Please come back to the board posting facts and analysis. Missing the true you. Atb
baits
Posts: 5,727
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 23:53
I use interactive investor £6 a trade is what I pay
Chickndinner
Posts: 1,056
Opinion:Strong Buy
Price:11.85
RE: Children in need
Fri 23:48
DGI. I've been criticised for saying I have a financial adviser. He has not let me down yet. Fortunately I do my own research and I advise him as well so we both bounce off each other as well lol. It was my financial advisor that got me to sign up to HL. If any other boards members have any comments or suggestions regarding which are the best brokers to use then please feel free to share. I'm sure there are new investors here and more to come after PV's encouraging interview and would like to know how Sipp and ISA works? We have our own specialist in how the process of drilling oil works on this board. Alan 2017. It would be great for other specialists to post on this board how shares. Capital gains etc work in layman terms? It's time now for it not to be all about 1 person or 1 subject. Looking forward to serious and valid posts. We've all had enough banter. Please let's get serious now! Atb
Alan2017
Posts: 2,158
Opinion:No Opinion
Price:11.85
RE: Excellent Interview Paul Vonk,MD
Fri 23:37
allthatguff - BB was poorly drilled twice due to not using Good Oilfield Drilling Practices. Product is fine (Kimmeridge) just the Brand was damaged (BB poor drilling). They just need to drill a further sidetrack and execute it correctly from start to finish.

Check out my historical posts...on a PC just click on my profile name and go to Page 21 of my posts. There are 4 sequential posts dated 21st September 2017 with subject title "Re Commercial" It is self explanatory.
DG1Investor
Posts: 1,957
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 23:33
Thinking out loud - do need to consider any mthly holding fees (can’t remember the actual name of the fees) also - can’t recall what they are on Bestinvest but they do exist
DG1Investor
Posts: 1,957
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 23:31
Yep I’d be interested in those results Chicken - I may end up joining HL ! Haha
Chickndinner
Posts: 1,056
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 23:29
DGI. Thank you for suggesting to use beinvest. I will apply over the weekend. When accepted may try to do a simultaneous bid with my mobile and laptop on HL and BI. Would be interesting to see if there are any differences?
Chickndinner
Posts: 1,056
Opinion:Strong Buy
Price:11.85
RE: Wonder if I’ll get
Fri 22:55
Risk, reap, reward. I'm watching children in need but reading in between. It is no hidden secret that once you achieve a £500.00 profit you sell. If this works for you then no worries. No one here will judge you for making a profit no matter how big or how small. We are all here to try and make a profit. If you have not already made a donation to children in need I will donate an additional £50.00 which is 10% of your profits. Will you join me and donate £50.00 also. You did say you would state which shares you have bought and sold. All eyes are on you?
DG1Investor
Posts: 1,957
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 22:50
Don’t think there is any difference mate in the speed of the price quoted or indeed the price - to be honest they will both be linked to the same Market Makers who are creating the price. Worth taking a look after all those trading costs mount up over the mths / yrs etc
RiskReepReward
Posts: 3,103
Opinion:No Opinion
Price:11.85
Wonder if I’ll get
Fri 22:41
My £500 next week and increased holding there after...
Moneymaker100
Posts: 1,311
Opinion:Strong Buy
Price:11.85
RE: Children in need
Fri 22:37
Good on you Chickndinner for promoting Children in Need. Me and the missus donated yesterday to this great event. Brings home how lucky we are when you see what some children go through.

Looking forward to hopefully some more equipment developments next week...atb
itsallaboutme
Posts: 1,357
Opinion:No Opinion
Price:11.85
RE: Excellent Interview Paul Vonk,MD
Fri 22:13
Alan has given a more technical explanation of BB many times.
In a nutshell, it's not the reservoir/geology at fault. So yes a third attempt might work if they have learnt from their mistakes.

First, there is a mechanical success, i.e a well is successfully drilled and perforated irrespective of flow/commerciality.

Then there is an economic success; i.e. if the production is adequate/commercial.

For example, Lidsey-X2 (by ANGS) was mechanically successful but not as economical as hoped.
Broadford Bridge (by UKOG) was mechanically unsuccessful. Drilled wrong.

However, HH (drilled by ANGS) was successful on all counts, Balcombe (operated by ANGS post-drill) was even more successful. Current further HH flow test seems to be successful and so it seems proven that the reservoir is there, and enormous and commercial/economical given mechanical success.

Our risk with BRX4Z is more mechanical than economical and ANGS have a very good track record on this front.

This is not a wildcat drill and geologic success is actually very high with horizontal wells. I would suggest that the length of the perforation actually increases the likelihood of success.

There are always unknowns with oil and gas though so assume nothing. imho.
Chickndinner
Posts: 1,056
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 22:12
DGI. Top man. You have just made an amazing contribution to help so many children in need. I will definitely look into bestinvest. No harm in setting another account up. Is there any difference in how quick they get the latest SP and best rates?
DG1Investor
Posts: 1,957
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 22:02
Donated Chicken Diner - so you can rest easy your calls have not gone without a result.

Love children in need

Now consider switching to Bestinvest - your trades are £12.50 a popwith HL I nearly spat my beer out ! - Bestinvest is £7.50 - now think about all those saved fivers through the yr - make the switch and you’ll be able to give more to children in need next yr - and less to the Billionaires of HL !! (Btw my tip is not based on any research in regard to the respective service of either platform - simple cost comparison)

Good weekend all DG
Chickndinner
Posts: 1,056
Opinion:Strong Buy
Price:11.85
RE: Children in need
Fri 22:00
Gone it a bit quiet. Almost £33 and a 1/2 million raised so far. Keep up the good work. .
Chickndinner
Posts: 1,056
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 21:48
Sorry. Should have made it clearer to donate via text message.

As shown on TV:

To donate £10

text DONATE to 70410

To donate £20

text DONATE to 70420

To donate £30

text DONATE to 70430

I did my donation through the website.

:-)
Chickndinner
Posts: 1,056
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 21:35
Right. I understand that many readers are using mobile devices so are unable to click and follow links.

Just for you if you wish to donate to children in need via a text message here are some numbers:

Donate to 70410 £10

Donate to 70420 £20

Donate to 70430 £30

If you are not sure how much you want to donate then why don't you do middle for diddle. £20.00 Text 70420

If you want to donate more or less then log onto https://mydonatetelethonsappeals.bt.com/donate/cin2018/

What ever you decide you will be helping children in need.

God is good

XXX
Chickndinner
Posts: 1,056
Opinion:No Opinion
Price:11.85
RE: Children in need
Fri 21:26
Right. I understand that many readers are using mobile devices so are unable to click and follow links.

Just for you if you wish to donate to children in need via a text message here are some numbers:

To donate £10 Text 70410

To donate £20 Text 70420

To donate £30 Text 70430

If you are not sure how much you want to donate then why don't you do middle for diddle. £20.00 Text 70420

If you want to donate more or less then log onto https://mydonatetelethonsappeals.bt.com/donate/cin2018/

What ever you decide you will be helping children in need.

God is good

XXX
allthatguff
Posts: 2,184
Opinion:No Opinion
Price:11.85
RE: Excellent Interview Paul Vonk,MD
Fri 21:17
An interesting interview, technically and on a human level. Standing out is that fracturing should make all /most Weald Kimmerige layers flowable (working hypothesis). But wtf happened at BB? At edge? If no trap needed, this should have flowed..all other indications: fracturing, maturity, C content etc were ok apparently.. a major stuff up rectifiable on third(!) attempt?? Anyhows, looks majorly promising for Brockham..
wasit10538
Posts: 2,138
Opinion:No Opinion
Price:11.85
RE: Gate crashers!
Fri 21:05
Lovejoy prefer misery.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.