Member Info for Alan2017

WL1516 - Now folk can see why Vonk had to do all the PR work... Tidswell is rather clumsy and folk can see why he can't tell his left from his right lol.

I don't think its nerves...he's just not socially comfortable.

Crocqman - I didn't read your post (sorry), just viewed the Lucan interview. I always list the Posters name and reply to the thread if I am discussing something.

Renegade - You can install as many as you like on top of each other. But as I said before the you would see the drop in pressure being applied by the water when it is isolated from the well.

Bridge plugs can fail due to a mechanical issue (factory inherent), but normally its due to a foreign object damaging it (damaging the rubber) or the mud properties clogging up the working chambers.

As I say the bridge plug was set correctly (from RNS) and they would have seen the pressure drop.

B2HS2L - Tidswell said at the National Union of Farmers ....sorry Investor show that he didn't bother to tweet he was attending along with George...great comms guys!!! He said it takes 1-3 years to install a gas pipeline. I think that is a much more realistic time scale for installation and why I am not a fan of the acquisition. Holmswood Mk 2

And yes as I said before the equipment is delayed due to availability as shown in Slide 11 of the presentation. So a new timeline would put us 4 weeks from now for flowing the well. I don't see it taking them 10 days to rig up all the well test equipment and testing it.

I wish they could just say it as it is rather than bury it in a presentation.

Personally I would have preferred that they had all the well test equipment rigged up and ready to be used (like they did before Christmas) so we could have gone straight into testing than spend 1/2 million on Lidsey seismics.

The whole “expectation management” statement is ridiculous. Yes they should have had initial results in January. Brockam was perforated circa 15th December 2018. The well test equipment was onsite rigged up and tested. The issue was not “expectation management” by Vonk, but due to completion component failures, not having the subsequent back up equipment nor a contingency plan for encountering water which any other company would have built in and ordered (Bridge Plug).

The doubts I have read on the board in the past couple of days regarding has the bridge plug isolated the water zone is due to what Lucan says. Sadly everyone had a go at Vonks interviews and his Dutch English, yet Lucan has fallen into the same trap. When he speaks about “communicate with the reservoir itself” he is referring to the communication with the reservoir in terms of production as he directly refers to UKOG HH. Sadly he then repeats this later on in the interview and says “to address this communication issue”. This is nothing to do with solating water zone.

I have never seen any oil company dip in to the abandonment pot to fund their drilling and or production. Production revenue is taxed and also money is allocated for future abandonment costs. When the asset is sold the abandonment money stays with the asset and not with the seller. To say they can use that money to me is crazy….the money is kept separate and out of reach to prevent a company spending the money and then going bust leaving the Government footing the entire bill.

Lucans maths is terrible…1/3 for Brockham, 1/3 for Balcombe, 1/3 for Lidsey and then General working capital. £3.5 million equity placing and GWC makes up £1.2 million….Looooong sigh.

I didn’t find it a great interview. Just a guy reeling off facts from a cheat sheet.

Pboo - there is no need for that tone of language....I find that aggressive.

My original post was very obvious, so why would you choose to cherry pick it? I have called everything right so far, even the issues back in January (5 days before Angus released an RNS). That comes with Oilfield knowledge and doing this for a living. I have just tweeted Angus / Tidswell again to get them to say whether the equipment has been ordered or not.

Again please refrain from using that type of language for the good of the board.

Yanis - ask Pboo as he is great at guesses.

Sadly as I know my left from my right then there is no technical reason. I suggest folk email / Tweet Angus as I have done (no response). Sadly a Forum would have cleared this up immediately, yet that hasn't been put in place after how long?

Pboo what does my 07:33 post say? it quotes your statement. I don't have time to explain the use of speech quotations with regards to legal documents and highlighting key points. Curtain business obviously didn't need those.

But here is what I wrote at 07:33

Pboo - the only thing factual about your statement is the word “guess”

“Yes, my guess is that equipment has been ordered...”

Now that I have time I will say the supposed future acquisition of Saltfleetbury in Teeside just doesnt make any sense. If it was that easy how come the current owner(s) haven't done it and as I told folk at UKOG regarding HH....timelines are always pushed right.

For me its a way of getting extra money out of ...well I don't know who would buy with these strange financial incentive, and then say we have changed our minds and will invest the money within our current portfolio. As Angus haven't done any due diligence or really delved into the books and the actual feasibility. It feels like somebody has seen an advert in Horse and Hound and thought by jove this a winner.

I wouldn't touch it just like I wouldn't have touched Holmswood.

Reading their promo for it in the RNS it's the equivalent of Angus saying they will raise the Titanic, repair it and put it back into service due to the increase in World Cruise Passengers as there is profit to be made from it.

Pboo - Please don't try to edit my post...sigh As I wrote:

"the only thing factual about your statement is the word “guess”"

You wrote “Yes, my guess is that equipment has been ordered...”

Angus said they had finished, so your post is the equivalent of saying the Titanic definitely sunk....old news.

Scallywag - "....before proceeding to the next stages" is ordering the equipment. Show me a tweet or a RNS where it says they have. I point out the good and the bad....in this case I see there has been a 2nd diversion from the original timeline.

“We will now analyse the results with our partners before proceeding to the next stage which would involve bringing on site full well testing equipment and commencing flow tests.”

http://www.angusenergy.co.uk/wp-content/uploads/2019/05/Angus-Energy-Brockham-Operations-Update.pdf

And

"The workover rig will be demobilised once the new completion has been run in hole and this is expected to take place early next week, on time and according to schedule, at which point we will begin evaluating the results of the work before proceeding to the next stages."

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=xjk3tk5d&ArticleHeadline=Brockham_Operations_Update

Yanis - I’ve already covered this in the last week. There is nothing to analyse as the well test infrastructure (tubing / packer) has been installed for the test. The end of the tubing is at a certain depth above the Perforations and the packer (which I presume has already been set to ensure it doesn’t fail) is located just about the tail piece (end of tubing). So as I say the only thing they can do now is to turn on the taps and let it flow once the well test equipment has been ordered, delivered, rigged up and tested. Another reason for the use of Analysis in the RNS is possibly to make Angus sound clever, but they it actually does the opposite.

Pboo - the only thing factual about your statement is the word “guess” “Yes, my guess is that equipment has been ordered...” Angus have clearly stated in 2 RNS that they will now analyse the logging data with the well suspended ....before then processing on to the next stages which is: ordering the well test equipment Rigging up well test equipment

Bumblebee- The reason BP didn't pursue the Kimmeridge back in the 80's was due to several reasons: the quality of the logging tools, targeting deeper reservoirs and a golden rule of getting the Kimmerdge drilled and cased as quickly as possible.

What was your TV like back in the mid 80's? lol

Uneconomical oil fields discovered from the 70's are now viable due to technological advances in drilling and production.

I do note your posts are highly negative of Angus in such a short space of time being on the board.

http://www.lse.co.uk/member-info.asp?nick=bumblebee1

Crikey what a lot of waffle over nothing. Silas makes a very good analogy.

As I said before you would see the pressure decrease showing that the bridge plug has sealed. Think of a submarine, but instead of horizontal, it's vertical. Now if you have all the water tight doors open whilst the sub is flooding then the pressure will be the same throughout. But if you were to close one door then the chamber with the breech will see an increase in pressure whilst the other chambers will have a constant pressure. That is the same principle as the bridge plug in the well.

Pboo / Yanis - Why are you choosing to ignore the information in 2 RNS? It can't be more obvious. Analyse data (as I said before its too late to do any analysis.....before....ordering the equipment. Why don't you guys ask Angus and Tidswell.

“We will now analyse the results with our partners before proceeding to the next stage which would involve bringing on site full well testing equipment and commencing flow tests.”

http://www.angusenergy.co.uk/wp-content/uploads/2019/05/Angus-Energy-Brockham-Operations-Update.pdf

And

"The workover rig will be demobilised once the new completion has been run in hole and this is expected to take place early next week, on time and according to schedule, at which point we will begin evaluating the results of the work before proceeding to the next stages."

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=xjk3tk5d&ArticleHeadline=Brockham_Operations_Update

Baits - not sure how many times I had to clarify this...but here goes one more time....Turn on the Taps is a standard oilfield expression for a well that has already been drilled and therefore you don't need to build in the financial / time factor of drilling the well. So Mr Vonk was quite correct in what he said. All that was required in December was to perforate it and action.

Gmph - Angus RNS superceeds the timeline....where does it say analyse data. I suggest you read the original post of mine on this thread. If it’s any help I sent Angus a message via Twitter asking if they have ordered the equipment.

Pboo - once it’s in place...today, tomorrow, 2 weeks it can refer to any particular date in the future ......it doesn’t say the equipment has been ordered. Hence the RNS gives the actual state of where we stand operational wise.