Member Info for Alan2017

As I said before it makes no economic sense to install an ESP in X1 with the current flow rates when an old school donkey can do it just as well. It certainly doesn’t make sense if you are going to perforate the Kimmeridge. As to our friend RA.....I’m not sure what your intentions are in this board, but your posts always seem to be blowing in the wrong direction. By stating these exaggerated over inflated bopd...you are setting yourself up and potentially others in your wake to disappointment. But perhaps that is your intention as you have been quite the stirrer with your posts since October last year. The amount of perforations (do you even know how it works?!?!) doesn’t have a large berating on things unless the original perfs are plugged up (see what happened to BB after a terrible cement job). The think that affects your bopd is your reservoir porosity and permeability (no use having the mother of all reservoirs if you can’t get it out of the ground ...you need a super highway of straws (cracks) connecting them all up). So you could perforate your liner, but if the formation is granite....zero bopd. I suggest you leave the technical side to others.

Pdub - I just wanted to make the point about any UKOG investors before they may feel I am having a go at them...which I'm not. Apologies if you felt it was aimed at you. UKOG as of today only has potential..it has no pumping infrastructure or tankers of oil leaving their sites. UKOG investors are very loyal and that is shown in their SP. The market has been very generous to UKOG. As an investor would you like a high M/C and low SP or low M/C and high SP?

Pdub - not wishing to disparage any UKOG investor...but considering you posted it...here goes. UKOG are producing zero barrels with no proven reserves until the HH flow test can confirm real numbers....M/C is purely on having enough investors to keep the SP inflated during this period....look at how many posts they have been getting per day compared to Angus. All it takes is bad news and the roof comes crashing in. Look at what happened at Angus last year..we had M/C of over �77 million. Tortoise and the Hare lol

Ibug - my point is that bopd reflect your SP coupled with how much debt your are saddled with. IGAS with net circa 2,300bopd has a share price of 86.67pence....that isn't down to sentiment, but rather what is coming out of the ground. If Angus gets half of what IGAS has been producing then yes...on paper one would say mid 40's....after all that was the whole reason for the SP rise last year to the mid 30's...market had already factored in a healthy bopd from Lidsey. One has to look at your peers to compare what they are doing.....after all that's why UKOG is less than Angus as they are not producing.

Pdub - thank you for the kind comments, but I'm sad to say if you haven't taken out my subscription (we offer far more competitive rates than Oi & Gas Engineering online subscription) you will have to read boring analytical information along with the posts searching out and questioning fake posters such as TrueOil......who is no longer a member surprise surprise. That must be the most expense $14 post in a long time lol

Ibug - I had a feeling, but didn't want to state it was you without checking...appreciate the hard graft going through documentation....its definitely a bore!! lol I would be happy with 1,000bbls from Balcombe. IGAS have a share price of 86.67pence with circa 2,300bopd https://irssl.euroinvestor.com/asp/ir/IGas/SSL2017/NewsRead.aspx?storyid=13912666&ishtml=1 So if we were to achieve that with Balcombe (flow test results will inject a lot of nitro in to the SP even though we will have to wait for production licence) then that is in to the 40 pence range......factor in Brockham and well the last 6 month of pain could well and truly be vanquished.

Without seeing the intervention program, I would say the change out to ESP will be quicker than that. Once the nodding donkey is off (crane is a big clue as Bug I thin said previously). Pulling of 25ft 2" rods will be very quick prior to pulling the production tubing with infamous downhole pump prior to installing the ESP (thread connection either end and you just torque it up to a specific torque). Then the non-standard operation of connecting the external electrical connection to the ESP prior to running the ESP on more joints of production tubing while securing the electrical connection to the outside of the production tubing (you don't want it to get crimped, or rubbing along the underside of the tubing as the well deviates. Completion fluid / hydrocarbons are unforgiving.....the electrical connection will be tested after so many joints to ensure everything is still Ok). There is no need to flow test. One the well is brought back on line then the norm is for a 48hr build up phase to prevent the well from plugging up (you don't hit the throttle from the get go). I would say 1 week. Don't know why we are installing an ESP on X1, if that is the case, considering the small volumes produced. It doesn't make economical sense to install an expensive piece of equipment when old school nodding donkey can do it for you....every little helps lol

Well it looks like TrueOil will have more time to finish reading Oil & Gas Engineering as he is no longer a member......how very strange?!?! Admin must have deemed his posts highly suspicious....along with others.

Neon - I agree the positive news from a Balcombe flow test would give the SP a big boost. Just like last years UKOG BB well gave us a nice lift. Regarding the majors moving in. They only like to acquire assets when it has been proven, infrastructure in place and wells producing. But never say never as times are changing. Certainly need a healthier working local authority environment onshore UK for that to happen

Ibug - I can’t remember which poster posted it ages ago, but there is a Balcombe well log header that shows they did attempt to log the well, but the logging tool suite failed during the run. Why they didn’t rerun is another question. Perhaps the logging company didn’t have a back up tool and they deferred it to later expecting to be be back very shortly. Balcombe as they seem to preach to us is in the sweet spot, so a knock on effect with positive flow rates would do all Weald players good.

Pboo - shouldn't you have filtered me by now? lol Hurry up so the rest of the BB can find out how long it will take.

Offtheball - well you can have a lovely conversation with TrueOil (whenever he finishes Oil & Gas Engineering for beginners) and ask him why he so fervently misquoted the price in multiple posts.

Offtheball - we are not talking about where we think the SP should be, the price of oil in 6 months or have the Angus BoD even done a half decent job in the past 12 months. Misquoting the CEO from an Investor show even though its been pointed out is a blatant twisting of the facts..some would say lying. Having zero experience in the oil industry apart from maybe watching a rerun of Dallas does not make you an expert, so choose wisely what you stake your ego on and if you get caught out with a photo looking similar to what you see...don't assume it is...and at least hold your hand up when its pointed out. So you should be directing your concerns in the other direction. Ps - not sure you can really scream when typing a message?!?! lol

Ps - let me know when you have filtered me and I can then tell the rest of the BB.

Pboo - both your self and your buddy who suddenly turned up when the questions got too hard for you, have posted endless nonfactual information on this board and when it has been put to both of you ($14 production cost / describing the wrong type of equipment that doesn't even go in to the well) you have both continually resisted...ego..different agenda.....didn't renew Oil & Gas Engineering.....So why are you even thinking....go ahead and filter...at least commit to something.

Offtheball - if you don't like my posts then you are free to filter me.....but I think that is highly unlikely as who is going to tell you about drilling sequences / durations...and what an ESP is and actually does lol Views are great...but when they obviously don't have a clue and let egos get in the way......so yes..the addition of the new investors has been thoroughly beneficial for the board (tongue in cheek).

Pboo - you jumped the gun my friend. Have to wait to see if TrueOil will come up with the goods ...he has gone very silent...reading a classic edition of Oil & Gas Engineering. Some may accuse you of being hypocritical after the previous comments you made about me when I tried to inform you about ESPs.

Pboo - TrueOil has read up on Schlumberger ESP papers and knows everything there is on them, so he is the man to ask. Hope he can find the reply button for you lol If he can’t answer you, then let me know and I’ll fill in his missing blanks.

TrueOil - it isn’t rocket science...just have to press the Reply button and voila lol You’re not having the best of times are you with misunderstanding ESPs, misquoting figures and inability to respond to a post.

TrueOil - why do you continually start a new post, but use the same Subject title as before. The only reason somebody would do that is to stop people following the whole conversation. Highly Suspicious. Wow!!! You actually quoted a figure stated by Angus...shame it doesn't extend to Investor conferences lol.