frus, I don't mean to be rude .... but stop being so soft mate...... I still have great faith in SLE which is why it’s still my largest holding by far... am I am very confident still that this will in time be massive and that the people buying in at this level and above WILL be made very wealthy people in time... just because I have not been posting here as much has nothing to do with my lack of faith, but until SLE, BNK, 3LEGS etc etc come out with some news there really is not much to say,....... as for GCM, mate I have been invested in there for as long as I can remember and been buying and building up my holding for exactly what is happening at this moment in time....the news there is MASSIVE for GCM at the moment... it was in 2006 when the sp rose to 900p ... yes 900p on the news that open pit mining may be given the go ahead at Phulbari before the tragic shooting that then prevented the go ahead and the share price collapse as the government then said that they would not progress forward with the mining... of course that's the simple view, it’s obviously a lot more complicated and political than that,…………. BUT now if you read the recent news the government of Bangladesh have once again been saying that they are looking at allowing open pit mining… mate this is not a ramp in any way because if the green light is not given then GCM is worthless although it still will hold the licence… BUT last week the minister for energy came out and said that they are looking at starting open pit mining at Bara in 3 months, hence the 100% rise in share price last week, and now IF this is followed by a statement form Hasaina coming out and saying the same then the GCM share price WILL be up by pounds on the open of trading you will not stand a chance of buying,…. As I say that’s not a ramp because obviously she could come out and say that she is not going to do open pit mining as she has before, and then we will be down to 15/16p again… BUT this time just feels different…let’s see what happens, but I hope that you now understand why I am so excited about GCM and the fact that it has nothing to do with my lack of faith in SLE.. GL
Must confess I did read the DD post on iii but I did say that posts on iii were questioning xrated. He didn't mention Adoubleuk and his jeep though did he.....Links what we gonna do when your a multi millionaire and I'm a quarter millionaire...Drinks must be on you?
Earlier today while checking on something I could'nt help but notice a change in the ratio of your postings in your 14 Co: portfolio.....What's that got to do with you I hear you say....On the face of it nothing but in another way it has. When I first invested here I was green as grass(Still am to some extent) never done anything like this before, I looked to your experience and faith in SLE as a guide, still do even though I might not be quite as green as I used to be. When people see your 35K + posts they may think, as I did that they are all relevant to SLE rather than spread right across your entire portfolio. My point is this, as far as I know your SLE posts always by far outnumbered the combined remainder, thus showing to me your continued faith in SLE. However in the last 30 days things seem to have changed, in that your 13 Co: combined, easily out number SLE. GCM on its own is closing fast, does this mean you are giving yourself more backup because you no longer have the same faith in SLE......Obviously if you feel you would prefer not to reply no prob: nhf atb frus.
Xrated 1st post 25th March.....12 pence, true or false? Initially invested st 11p, believed it would hit 80p. Shale was the buzz word, but we did not realise it would take years to develop. SLE has it all, except the money to develop its shale, so its a target, Total? Shell? Answer no, who, an American company? yes. Tosca!!! he knows the share will not increase, cash burn etc: Realm cost 130m, we are only worth 90m, mistake no, its worth a fortune, unfortunately, it was a bridge too far as SLE failed to secure a jv sufficient to secure cash and survive. SLE has to be sold"......... His very next post ends by saying SLE will recover with a vengeance.....Ever since he's ramped and ramped away with apparent knowledge that most could only guess about. Some of it has already proved to be incorrect BUT who is he, what's his game, he comes accross as if he has special contacts (The local Poles for one). He obviously is knowledgeable to some extent, reminds me very much of Adoubleuk. ..Remember him, trecking accross Poland in his Rangerover in order to work as an engineer on Lewino.Finally revealing that he was boss of the well. Then after some heavy questioning he defected to QFI in Oct: 2013. still there now. So what about it Xrated, who are you, why have you come out of the blue shouting the odds as though you know things 100%, like now " BNK flaring away". only you see it , only you know it, only you say it. Are you part of a share group, what are you trying to achieve. I'm sure we all look forward to your answer.
San Leon Energy delivers Poland's most successful shale vertical with breakthrough frac design from SIGMA3 Tuesday, July 15, 2014
After testing two frac strategies in the lower Ordovician, SLE's objective for the stimulation program in the upper shale interval was to prove the ability to fracture and enable sustained production. After the final frac, the Lewino vertical well yielded sustained production of 45,000 to 60,000 cubic feet of gas per day after partial frac fluid recovery.
SIGMA3 (Sigma Cubed Inc.) provided the stimulation design and dynamic simulation modeling and onsite stimulation expertise for the San Leon Energy Plc (SLE) Lewino-1G2 shale gas well in Poland's Gdansk W Concession. With predictions of 200,000 to 400,000 scf/day, SLE described this project as the country's most successful vertical frac to date and is moving quickly to plan the first Lewino horizontal well with multi-frac stages. SIGMA3 was part of a services team led by United Oilfield Services (UOS).
After testing two frac strategies in the lower Ordovician, SLE's objective for the stimulation program in the upper shale interval was to prove the ability to fracture and enable sustained production. The same strategies would then be applied to a multi-stage stimulated horizontal well in the lower Ordovician -- which has superior gas saturation and porosity -- intended to open the upper and lower intervals and deliver consistent commercial flow rates.
"SIGMA3 provided engineering expertise for the final frac campaign of the vertical well, and it went exactly as planned," said Joel Price, Chief Operating Officer, SLE. "This break-through frac design is critical to the successful shale development in Poland's Baltic Basin, as well as Europe by association. We are excited about applying these learnings to the upcoming horizontal well with the aim of achieving commercial flow rates."
After the final frac, the Lewino vertical well yielded sustained production of 45,000 to 60,000 cubic feet of gas per day after partial frac fluid recovery. Using the available flowback data, SIGMA3 performed dynamic simulation modeling to determine the permeability of the upper formation and predicted post-cleanup production of 200,000 to 400,000 standard cubic feet per day.
"The vertical well was the testing ground, enabling us to learn more about the well properties and change the stimulation program to achieve maximum production. We are confident that fracs can be designed in the horizontal well that will cover the entire Ordovician target zone," said Price. "SIGMA3 and the team concluded that the production from the third frac campaign is coming from the upper half of the formation. The lower interval has even better reservoir characteristics and is our primary target. There is significant upside once the horizontal well is executed."
"We appreciate the opportunity to play a role in what will be the proving
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