If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Regarding Egdon, i own no shares, its very cheap at the moment and has lots of potential. Currently producing, has wressle to come and also has a farm- in agreement with Shell for 2 of its gas licenses in the NS, most of the costs will be met by Shell, with Egdon retaining 30% interest, Its as good a prospect as Deltic however it doesnt come with 12m in cash but the mcap reflects that.
Board must be considering a move for companies such as these if WN turns out to be as good as we all hope, timing is the key, lets see the stars align. EOG is another they should look at.
Hi RNSTransalator. Regarding Egdon's now suspended Kirkleatham gas field, it was a very small discovery, and probably the only one to produce from the Cadeby onshore - up to now. However, the issues were quite different there. It was known to have less than 5 Bcf of gas, and early water encroachment caused the single producing well to be suspended. I think neither the reservoir itself nor the gas quality were the issues at Kirkleatham, Only a very small amount of gas was actually produced, so it was probably over-optimism by the operator, in my opinion.
RNST, you may be right about a number of your points, but the reason it was terminated early had nothing to do with H2S. It was because condensate reached the incinerator from what I understand. So there probably was a degree of testing - at least enough to convince them to commit to drilling WNB before concluding the test at WNA-2.
imo
Its pretty obvious that the gas was sour (H2S) nearly all gas from the Zechstein is.
H2S is lethal and that's why they were shut down before they completed the testing programme, as it was probably unexpected, it may or may not relate to the underlying "oil", which is likely to be a condensate, which is a positive as it'll produce better, and has higher value than oil.
Of course non of this is a production issue if you install the correct kit, which they probably have had to do before they got permission to restart.
What it does tell you though is that they had to terminate the test early and so the commercial producibility of the gas is as yet unknown. Until a proper test and analysis of the drawdown and pressure decline is done this is not yet established as a commercial find... despite what everyone wants to think. It may be, but there is a possibility it may not be commercially producible... don't believe me, just look up Egdons Kirkleatham field history to see what happens to Zechstein gas fields if you get it wrong.
Don’t be mad at Persimmon: he’s here by mistake.
If no one had mentioned ‘orgasms’ and ‘harmful gas‘, Persimmon’s Google search would have led him to his intended destination.
This is all of your faults.
Rubey, I'm not sure how much you know about orgasm's but you certainly need to clue up on organism's.
artyth, I think he's more of a .un.
Or maybe both.
Soon jumped onboard with the gas smell.
Why is persimmon here, simple , he’s a c..t.
ttaa, tbh persimmon was clearly close to orgasm when highlighting Exploration's perfectly worded seed of doubt. Personally I find them both equally untrustworthy, but Exploration has the edge when it comes to intelligent deramping.
Rubey,,,,give me common sense over intelligence every day of the week. Common sense gives you an added dimension which intelligence does not. That being an instinct to sniff out when some ventures seem too good to be true.
But hey it's only my opinion after all. G.L.
Lets reign in the necks here, exploration has put a subject out there and provided links for discussion. He has promoted debate and there is nothing wrong with that in my eyes even if he is wide of the mark to some more knowledgeable posters at least he added substance to his potentially negative view so it could be challenged. I don't think it's wright to shout someone down who adds an opinion this way he may have a valid and reasonable insight or question in the future and I would prefer he had the confidence to share his concern here and seek others thoughts than just not bother due to the fact he gets a negative reaction every time he posts. Anyway I will get off the soap box now lol
Persimmon, your last post seems to back up BlackHopper's point perfectly.
"Removal of acidic gases from sour gas is a costly operation, and the size and cost of the separation depend upon the amount of gas that needs to be separated. Thus, the huge cost associated with equipment and separation process seems to be the major constraint for the sour gas market"
Exploration........love your last sentence, you've obviously done your homework and due diligence with that remark.
Thanks Blackhopper - all I asked was a question to RBD about H2S. Obviously it would be great news if they confirm there is none, and therefore the WN project is more valuable.
But it provoked an emotional reaction from other posters - sorry about that. I'll shut up until the EWT results are announced.
I rather like ADX and their approach, but they're up against a real challenge in the tight gas zone of the Panonnian Basin, so good luck there.
You didn't mention California. Maybe I should call Dero Parker who seems to be operator?
Exploration. Just to follow on, I assume given your concerns about the sulphur content of the gas at WN, you accept that there is gas and it flows. Why would you bring up H2S when previously you were questioning the ability of the reservoir to flow hydrocarbons in the first place?
Putting these things together, one would assume you are not invested as you appear to have doubts about RBD.
So, being you are not invested, you seem to be spending a lot of your valuable time on here posting links. I am a Chemist and I do find these things interesting. However, common sense tells me that a load of 'City Boys' are not going to want to lose £24 million quid. whatever you say about 'them'. Infact, you just come over as a snooty geologist, if that is indeed what you are.
It's interesting to read all the negative posts that are appearing here over the weeks leading to B1 spud and A2 EWT. It shows very clearly what people will do to try to sow doubt in investors minds.
We, none of us, know precisely the outcome of the A2 well test. nor have we seen the data that led to last year's very significant £24 million pound raise and investment, largely in WN but also in Parta, Romania. None of us know the outcome of the B drills to come.
However, i do not think that the range of corporate clients holding stock in RBD are here because they think it is all bad. They obviously feel there is money to be made here. If you do not, why not take a walk.
And, by the way, I was not invested in RBD when the Corallion drills were done, but RBD didn't do those drills, Corallion did.
The situation in Romania is by the sounds of it typical for the region. ADX look like a very sound outfit and you can bet they will be applying info from IMIC-1 to their approach to IMIC-2. I expect they will have well 1 flowing before too long.
You can hand over the baton to persimmon now as he has popped up with some more childish rubbish....
guidelines even, LOL
So Exploration, you don't know if or how much H2S is in the WN-A2 well flow do you?
Simple answer please
That was government guild lines directed at the hedge hogs to avoid covid 19
What's this other rumour I hear, that all the hedgehogs within a five radius of West newton are wearing gas masks?
The EA came and did their work. nothing obnoxious to report.
Most likely the unwashed tree huggers were getting a good whiff of themselves
BlackHopper
So I suppose you'd recommend doing away with the H2S scrubber in the forthcoming test. Get real, look at UK, Netherlands, German and Polish analogues for H2S inZechstein gas. It's nothing to be concerned about and is easy to process.
In my experience City types don't do geochemistry or geological research of any kind. Maybe that's why we've drilled 2 dry wells with Corallian, can't flow a well in Romania and ?is that gas well in California @<2/mcf?
do you know the gas is 'sour' at WN Exploration?
Exploration, just because some crusty said they could smell something horrible I can't see the point in wasting time discussing it as though it were true. It was investigated by the EA and proven to be fake. It was probably the crusty's armpits anyway.
Rubey,
It’s not casting doubt - it’s a petroleum engineering question about gas processing. Engineers can solve almost any problem, but it costs money.
Costain is Uk’s leader in treating sour gas - but they don’t work for free and anyone on this bulletin board who thinks raw West Newton gas can go straight into the NTS at NPB prices had better do some homework.
https://www.costain.com/solutions/case-studies/sse-knapton-power-project/
My god, whatever next!
Quick, I must sell all my shares because Exploration says (does not know, but says) there is H2S in the gas at WN-2.
I think krull had it about right the other day when he said that only good shares tend to have regular trolls and de-rampers on their BB's. It is quite something to behold.
Do you think, Exploration, that the corporate investors involved in the £24 million raise might have been aware of any of this supposed sulphur when presented with the drill findings? Hmmm Do you?
Whatever next. I guess you might be familiar with persimmon. So apart from the obviously very good well results and the huge potential of the coming drills and EWT we have:
Californian de-commissioning
CEO wages
Overhang shares
and now H2S
Surely you can do better