I would say where have you been for the last 2 or so weeks sunshine...maybe you should look in the mirror..maybe you will sea sid!! strange how you were both banned at the same time on iii and both turn up here at the same time...don't you think!!......
I know it's been a hard week for the ubers and the usual tripe has appeared from the cod geo via the fairytale site. But isn't it much wiser to just lock yourself in the shed alone with the homebrew than to take the laptop with you and yield to the temptation that brings. The inevitable dawn reveals the folly of the drunken pearls.
I spoke with Oisin and concluded he is sincere and trustworthy . Have you talked with him ?
It is not true to say that we have not benefited from Oisin's deal making ability - we have ; other European onshore shalers Aurelian , 3legs , Torreador have gone to the wall/been acquired cheap yet San Leon are still here and have lived up to their self billed title of being the last man standing besides BNK .
So things haven't turned out as well as we would hope but it has not been for the want of trying .
San Leon , BNK and 3Legs are/were breaking new ground by attempting to fracture such deep shales .
BNK will likely drill in Spain on 2015 and fracture stimulate in 2016 . Spain is expected to be less technically challenging .
Aurelian gave up the ghost when Tzrek 3 didn't make hardly any improvement on T2's flow rate. That's when OF took them over for their cash in the bank. SLE didn't do much with Aurelians acreage having more than enough of its own. Sierkierki was the jewel in Aurelians portfolio. Looking back Aurelian should have kept trying. They had adequate cash and when a failed frac still flows at 3,2mmcf you are almost there. Hopefully JB will sort those wells out and those Tcf's of gas will be an important long term income source to us.
6 years and havnt made 1p. No production and tried to buy dodgy Turkish asset earlier in year to appease worthless asset accumulation previously. Didnt work out which is consistent with Fannings previous failed "Escapades" outside the mineral industry.
However he on a personal note has paid off all his debts through our holdings and now has loans & assets accrued further through SLE as his own personal tax free investment vehicle. Very clever wheeler and dealer for his own agenda that doesn't include us the everyday investor. We are the mugs who deserve to get no return unfortunately as it has all unfolded...
wasn't mate.... I think you will find(genel conference yesterday) they found a 50m oil interval..if it was a duster they wouldn't have done a 22m case test etc..it produced oil to surface from the main drill...so they must have fluffed it during the casing opp!...maybe wrong way round ...opps!! ha... links
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