Member Info for Alan2017

Bumblebee - as folk have already pointed out you seem to have a personal agenda against me?!?? Now why would that be? Are you perhaps a former poster who got banned? I can only comment on activities, tweets and RNS, what would you like me to comment on? ...I’m enjoying my days off. I offer valuable oilfield experience. What do you do offer to the board? Looong sigh Less is more in my book. It’s obvious who the traders are in here who suddenly flip from panicking PIs to happy to wait.

Rxdav - I don’t bother listening to folk who have zero oilfield experience. Some folk on here who call themselves analysts should stop posting absolute waffle and start listening to folk who have more experience in the oilfield or markets.....for real looong sigh

Crikey guys....we get an RNS which I consider good news and most folk are unhappy about it. I do note there are a lot of vultures, trolls and the usual "Don't panic" brigade on here at the moment trying to make a fast buck. How many times can you write the same post / tweet over and over again?!?!

When I said after reading the previous RNS and listening to the Lucan interviews that there would be an unplanned delay some folk on here dismissed that.....and guess what I was right sigh.

We have now been given a start week for operations to commence Stage 2 which is flowing the well. I said previously after the Lucan LSE interview that the earliest you would see equipment arriving was end of Week 1 in June (and that was assuming the meeting had taken place at the beginning of the next week...interview was on a Thursday). Slide 11 in the Angus presentation explains what Stage 2 is.

http://www.angusenergy.co.uk/wp-content/uploads/2019/05/AE-Investor-Presentation-April-2019.pdf

The nom for flowing a well is to perforate, running test string and start flowing the well. Due to the hiatus they are being prudent by cleaning up the well (which is I imagine the reason for the delay as in it will be additional equipment that needs to be ordered and wait on availability).

As they stated in their latest RNS "Once this has been completed then, subject to agreement of partners, well testing can commence". Now how do I read that?....It doesn't say as in previous RNSs move onto the next stages....it says well testing can commence. In my book that points at well test equipment arriving and rigged up before then...unless they have worded it horribly again lol. Cleaning up a well means circulating and that means the potential for hydrocarbons to surface. It doesn't make sense to clean up a well and then have a further hiatus whilst you wait on equipment arriving and being rigged up.

As for what they will do optimise the communication between the wellbore and fractures....the well test string is in the well with the end of the tubing set above the perforations. Will they use coiled tubing to circulate across the perforation zone or will they remove the well test string which only takes 3-4 hours to give it a good old clean.

And I think folk have been spooked by "...subject to agreement of partners". It's standard to get agreement from all your partners at key stages of the project as they have a vested interest financially. For me Angus didn't need to include it as its like ticking a box and moving on to the next step.

For the LTH in Angus who have been waiting patiently for over 2 years to see this well being tested....do you really want them to rush it at the last minute and screw up a great well just to stick to the time schedule? Just look at BB which was screwed up twice by not following Good Oilfield Drilling Practices (I'm sure they will have a great well if they drill the 2nd sidetrack correctly).

All the best to Genuine Angus In

Bumblebee - seems I must have upset you as a different poster, as you've been very unkind to me with your posts lol

Regarding your "Our resident angs employee plant gone to ground again I see ….. alan2017" Ermmm....perhaps you should check my posting history....sigh

http://www.lse.co.uk/member-info.asp?nick=Alan2017

B2HS2L - the problems were encountered in December resulting in the halting of operations over Christmas. Sometimes its not good to go with the cheapest vendor and not having a backup means you had better hold that basket of eggs like it was your life.

I don't see any reason for there to be any communication issues with the fracture system. I did find it interesting that that they perforated just the shale.

One thing to consider is I don't think my original timeline will have changed if the partner meeting has taken place and we don't have to wait for the well test equipment to be available.

As I said before with the days given in the presentation that would put equipment arriving at the earliest end of week 1 in June I would say middle of June for commencing the well clean up / initial flow test with initial results possibly 2 weeks after that ...puts us end of June. It won't take 10 days to rig up and test the well test equipment.

Seeing Angus has allowed us to examine this in detail, then I wonder if the well test programme has changed since last December and they require an additional piece of equipment. Who knows? I hope Angus do.....

rxdav - glad to see the roof has been completed....I wonder how long it would have taken if Angus was doing it lol

Not sure the wife would be too happy to have company and to be fair I wouldn't need to go to the rig site. All you need is a good well test programme, the correct contracts and contingencies.

JA51 - loooong sigh ...roll of the eyes. As I said before you obviously haven’t read my previous posts where I explained the simple process to satisfy the EA...or instead you choose to ignore them...and why would that be? Research project is not legislation....I’m amazed you can’t grasp this fact? I shan’t be wasting any more time with non sensical posts back on forth with your good self. Enjoy the nettle tea.

JA51 - what you have posted is a link to a research project and not a regulation ....sigh You didn’t even read the document before posting it or you’re trying your best to muddy the waters. On Page 3 it states “This report is the result of research commissioned by the Environment Agency’s Research, Analysis and Evaluation group.” That’s not legislation is it, so tut tut for trying to post more disinformation. Again Lucan has confirmed the water zone has been isolated therefore making your false statement obsolete. You have no interest in Angus being successful. You don’t even own any shares in Angus.

JA51 - what you have posted is a link to a research project and not a regulation ....sigh And you obviously haven’t been reading my posts whilst sipping on a nice cup of nettle tea whilst using the cafes free WiFi.

rxdav - it’s hard for them getting their left and right the correct way around, but that’s what I would be looking at doing. For £1 you can potentially make minimum of £750,000 as the costs would be no where near $25 capex. I always said the best well to do a horizontal well at Brockham would be the water injector well. Who knows if Angus have thought of this...

Well I'm in the please don't acquire a gas field camp...just as I wasn't happy with the Holmswood buy in. But if you're an Angus investor then it looks like we will be the proud parents of a Northern gas field soon, so we should look more into it.

Well Wingas had big plans and the document (link posted at the bottom) detailed the grand plans in 2014 some of which were carried out. What I have read from the Angus presentation seems to follow the original Wingas plan except for circumnavigating the soon to be decommissioned gas terminal. The plan to install compression and dew-point control equipment again replicates the Wingas plan.

The site has permission for 11 wells as well as the converted water injector.

Now the water injector well caught my eye. For some unknown reason Angus won't carry out a simple slickline logging run (casing bond log CBL) on the Brockham wells and install a bridge plug to carry out a casing integrity test to satisfy EA requirements regarding the Brockham water injector well.

Lidsey produced water has historically been injected back into the Brockham field and due to not being able to inject water has resulted in lost production. 50bopd with $25 capex (why its this figure I don't know as Dave Bramhill said costs were $8 for UJO), but I've used those figures which equates to £2,000 a day or circa £750,000 a year just from Lidsey.

Now are Angus acquiring Saltfleetby for £1 and then using the water injector well to remove all their headaches. The biggest cost is the disposal itself, so if its your own well...then it won't be $25 costs. Who knows, maybe they will charge other companies to dispose of their water?

So perhaps the site has a couple of advantages and not just the gas?

The document has restoration information as well for whoever still owns the site at the end of its life.

https://lincolnshire.moderngov.co.uk/documents/s5306/E0654.13%20Saltfleetby%20GSF.pdf

Scallywag - I wouldn't use Andrew Hollis as a shining light as he was the guy who said to drill Lidsey....Geologists don't have a good reputation.

As for "Paddy"....least said the better about him

Jason-ww - "Do you not think that they discussed the costs of well test kit with partners prior to the RNS I quote?" well any other oil company would do that...but Lucan confirmed that in his second LSE interview (which you can see to the left of the posts) which took place after the RNS was issued. Meeting partners to discuss well test equipment costs....so you can't order the equipment until you know whats going to be paid for.

Again you are focusing on the wrong person...Herr Tidswell was the one who got his left and right confused and sidetracked from the wrong well resulting in a 2 year delay. I did chuckle when Lucan said in the 3rd interview how the Angus team is hot on regulations ...I would have chosen a different description.

Vonk was the financial man just like "Paddy" is with no clue about drilling...that left to others to sort out. Super markets don't decide what they are going to deliver to you....you decide and place an order with a chosen delivery date. Same applies in the oil industry. The oil company should plan for every eventuality and then tender contracts to specialists in each particular field, before doing due diligence and choosing a winner so to speak. Its Good Oilfield Practice to have a primary and a back up piece of equipment which is considered critical as to delaying the project, production or shall we say SP.....in our case all 3...yet they have screwed up at Lidsey, Brockham and to a lesser extent at Balcombe as well. As I said before a Manager wouldn't be washing the kit, so why did you expect Vonk to be so involved with planing and choosing equipment.

Jason - why is Vonk to blame for the 5 month delay...completion equipment failure? Didn’t realised the Manager also washed the kit...sigh How about a 2 years plus delay for drilling the side track from the wrong well? Well it seems you’re behind the times then (pardon the pun) if you haven’t listened to Lucans wishy washy interview. You should do and then you’ll realise what you’re saying is 2 plans old. They need to discuss costs of the well test equipment with partners first.....you’re not going to order equipment before getting all partners saying yes...then they have to wait on the equipment after ordering it. I hope that helps you.

Jason WW - perhaps you should listen to interviews with Lucan which superceeds your beloved RNSs ...sigh. We are now on Plan C as the original timetable has been revised twice now. Please watch the Lucan LSE interview where he says they will now take a pause and analyse data / confer with partners regarding well test equipment costs. That isn’t in the time table..actually quite the opposite. I don’t see equipment arriving until the 1st week of June. I would love it to be earlier than that, but Angus comms have actually not improved. Notice how we only got an after hours RNS to alleviate fears due to a 7% drop in SP when they were negations the placement / DOR shares....spooky lol

Mirasol - there is something called a confidentiality clause when you sign up to work for an Operator, so PW Well services wouldn’t be telling Angus what was going on next door...sad to say. SS will be interested in looking after UKOG interests just as Angus will be. Pointless helping out a rival if you’re planning on gobbling up the Weald as some posters suggest. Pure fantasy I’m afraid.

Mr008 - why would Angus be asking the Driller for his views? UKOG aren’t partners on Brockham. Angus have stated they are discussing well test costs with partners (why now is peculiar). Best to stick to facts rather than wishful thinking. Sadly an update by Lucan would solve this.

Just watched the interview and sorry to say just shook my head.

Angus wasn't set up to target the Kimmeridge.....Angus was founded in 2009 and acquired Brockham / Lidsey in 2012 for immediate production.

Brockham hasn't been "ongoing works for 3 or 4 months" its been ongoing for over 2 years due to his highly skilled Operations Director drilling the sidetrack from the wrong well. And again...Brockham was perforated circa 15th December with the well test equipment rigged up and ready to be used. So yes the next stage was flowing the well....I wish he wouldn't patronise folk.

Angus didn't drill Balcombe (Cuadrilla did back in 2013 before HH was drilled). That's 2 interviews where he has got it wrong.

Why on earth are they considering Lidsey to be exciting and wasting 1/2 million on seismics? That money could be better spent on drilling a horizontal at Brockham from the current water injector well).

It's very obvious that the gas acquisition is his baby and he is cheering it on from the rafters.

Glad to see Angus team are hot on regulations...well if you don't do anything then you can't hurt somebody or have a spill.....shame they weren't hot on regulations when it came to drilling the sidetrack from the right well. Honestly setting your team up on a pedestal with that embarrassing screw up is something else.

I find his interviews to be like Swiss cheese.

Again doesn't talk about Brockham.....and folk were upset with Dutch English.......loooong sigh.

Well we certainly need an update from Angus, so folk stop being bored and talk about Brexit on here.