It is LLL and his mates who have stopped me from selling up here. If this share such trash and NR an absolute cad then would have expected them to have left any idiots still invested to reap expected reward, IE nought. However, as they spend so much time here, there must be something here after all. Next 6 months looks interesting indeed!
LayLadyLay - I can see why you have trouble debating intelligently on here as you defeat yourself in your own post - you refer to 'scanty details of A legacy well ' at the end of the post whilst quoting correctly from the rns ' GS production WELLS have SLOW DECLINE RATES.
Wells means more than one!!!!
Why would I forget that article by TW you introduced me to it in the first place and now that I have well and truly trashed it you don't want to talk about it - seems like you're the one that sees what they want to see - why repeat that ridiculous criticism then be diminished because you can't justify it on here!
Where is my answer to the saints and sinners question?
Forget the article by TW as you are trying to deflect. It's not about the article and you know it. That is not the issue. You only see what you want to see and you referred to a RNS as justification for your assertion that GS wells have slow decline properties. The RNS in question does nothing to support that assertion other than Neil declaring it to be so by reference to scanty details of a legacy well.
LayLadyLay - ' Based on what? ' - Based on someone with qualifications and a reputation who produced an rns stating information which he will have to justify.
If I understand your position you are attempting to give credence to a woeful article from share prophets where they query the speed of decline of GY-275. I don't know the answers to the questions you raised but I'm not even bothered enough to email Neil on it because even if the answer were the worst possible for Neil's position he would not have lied and I suggest he has plenty of evidence to support his assertion of SLOW DECLINE RATES and he never said GY-275 was his only evidence but it is quite impressive even at the worst case scenario don't you think LayLadyLay!
More interesting now you've encouraged reading of that woeful article what do you think of conflating reactivation with drilling new wells - do you think that's responsible ' journalism ' - look forward to your condemnation but won't hold my breath for it because you've already had the opportunity to distance yourself from the trash and not taken it !
BTW where is the answer to my altruistic guardian question - knew you wouldn't respond to that!
I was responding to your reference to a recent RNS which refers to a well drilled in 1958. When did LGO reactivate GY-275? Was it dormant for some years before being reactivated? The RNS doesn't say that GY-275 has flowed at a stable rate since 1958 but some will read it that way. What was the peak flow from GY-275 and how quickly did it decline to 24bopd? Don't you ever question anything from NR?
A reminder of what you posted ...
"You posted at 15:07 ' Based on what? ' - may I refer you to LGO rns dated 24/09//2015 headed Goudron Sandstone oil production - paragraph 9 - ' Historically Goudron Sandstone production wells have SLOW DECLINE RATES. Of the legacy wells, drilled between 1927 and 1980 and reactivated by LGO, 48 are producing from the Goudron Sandstone today. Well GY-275, for example, originally completed in 1958 is still producing 24 bopd at a stable rate."
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