Member Info for Alan2017

Of course you have to pay for the equipment...there is no such thing as charity in the oil industry.

You pay a standby rate for the rig whilst its being rigged up and once its been inspected and given the thumbs up by Angus then its on full day rate. So yes Angus will be paying full day rate of the rig...why...because they signed a contract. Only time you would pay is if there was a mechanical problem with the rig such as what AAOG experienced recently.

I dont assume...I do this for a living and sign off on all thee contracts.

There is no such thing as off hire. For the Service equipment there will be a standby rate and an operational rate....but its still an expense.

No you do not pay any extra for workers. They have signed a contract and are lucky to have a job in the current climate.

If you are to apply common sense then Angus would have drilled from the correct well back in December 2016.

So to answer in your words...yes they are stupid to waste money needlessly.....hence the term illogical is very apt.

Why would you book a cruise for 15 days and not go on it?

If you want to spread that good will around ...then also think of the Angus PI's. Why bring in all that kit / personnel only for it to be suspended. Amount of money being wasted on a rig day rate and all the other equipment is yes....illogical.

Much better off just starting the entire project by mobilising on 7th January.

No...still ilogical. No other onshore company has done it and its not written into the working hours except for Public holidays.

Lovely thought, but no way to run a company....hence illogical.

You can write that for any AIM company then...I note UKOG will be challenged on their injunction.

Seems the protestors have been posting more non factual stories about Angus Security preventing folk from using Public Footpaths.....tut tut

From Brockham Oil Watch Facebook page

https://www.facebook.com/permalink.php?story_fbid=300600953921274&id=100019141144263

"We received a message from Farmer Andy Jackman at Feltons Farm that although people were approached on the stone road, nobody was prohibited from using footpaths. There appears to be a misunderstanding around the location of the footpaths so we would like to clarify with the attached map. The stone road leading to the well site is not a public footpath. Footpath FP 92 runs through across the field south of and parallel to the stone road. Walkers can walk across the field or along the hedge on the edge of the field to get to FP 86.

Farmer Andy's message:
I refer to the latest post on the B O W Facebook page which is suggesting that security staff from the oil site have stopped residents and walkers from using Public footpaths near the oil site.
As the farmer at Feltons Farm here are some facts that you need to understand.
If you refer to the definitive map of the area you will see that there are two footpaths on the farm to the west of Tanners brook, nos 86 and 92.
F P 86 runs approx north to south from the coach road through Pondtail farm, through Feltons farm onto Busbury farm and out on to Tilehust lane by the railway bridge.
The other F P 92 runs approx east to west from Old school lane by the kissing gate alongside my barn past the yard over the old brick bridge which crosses Tanners brook and out across the field of stubble turnips and sheep to meet up with F P 86.
For your information the stone road was constructed in 1986/87 and the new concrete crossing of Tanners brook was put in then.
The stone road is not and never has been a definitive footpath.
As a good neighbour I have been content to allow residents etc to use the stone road.
That all changed in the 2016/7 winter when the protesters arrived.
Angus Energy’s security are aware of the situation and were instructed to allow walkers etc to use the stone road as I have described above.
Over the last ten days or so they have been operating a one way system on the access to manage the traffic to and from the site, a perfectly sensible, practical and safety conscious operation.
I am aware of cases where people were approached and all carried on about their business up the stone road, no one was prohibited from using the road or was harassed in any way.
Not one person has been prohibited from using a public footpath on this farm in the years I’ve been here.
Your post apart from being inaccurate is inflammatory and in no way represents the facts and I write to have the matter corrected in print for all your followers to read.
Andy Jackman"

Baits - if that was the case then they should hand back all their free shares they have awarded themselves as they have no clue at running a business.

Actually both Vonk and Tidswell could go away on holiday as they have no or very little experience of what will be conducted during the Brockham commercial production test.

The person you should be focussed on is Chris Clay who is the Well Testing Consultant employed by Angus. This is the person who actually has the experience (on paper) and will be running the show. I feel much better knowing this guy will be making the decisions rather than Vonk, Tidswell or somebody who has a title of Asset Manager , but is just a qualified wellsite Geologist.

Funnily enough Chris Clay was as Asset Manager as well but for the large Offshore platforms off Norfolk and Central North Sea.

His most important attributes will be dealing with the various local and Government bodies to ensure everything runs smoothly rather than the stuttering performance we have seen from Tidswell.

Clay Clay CV in summary reads:

30 years as a Petroleum Engineer and OIM stands him good stead.
Last 6 years has been as a Consultant where he lists his skills as:

"Acting as an Independent Consultant providing Petroleum Engineering, E&P Operations, Asset and Project Management services to the upstream energy industry.

Recent activities include:
- Project management of onshore gas field developments.
- Fractured carbonate gas field de-watering project execution
- Start-up business development support.
- Business and HSE management systems development (for UKCS operatorship).
- Client representation at JV meetings and UKOOG.
- Engineering support to unconventional resource appraisal and development."

https://www.linkedin.com/in/claychris/

nhawan - they signed a contract whether for a rig company, specialised service company or even a Day Rater Well Testing Consultant. So yes they are expected to work whenever their company tells them. You don't see the hospitals closing down do you? It's called shift work. Rigs have crews of 4. 1 crew works for 12 hours, 1 crew sleeps and 2 crews are on days off.
Normal practice is you work one out of the two, either Christmas or New Year as a service hand and its just bad luck if the festive period falls within your crew schedule. As most likely you had the previous Christmas off.

So it doesn't make sense what they said in the RNS.

Angus wouldn't be able to do the well test without the air / water monitoring as it was one of the requirements from the new EA style of permit and one of the pre-conditions.

Nice article, but doesn't infer anything.

I didn't realise Manchester was in Surrey as they say locally based company lol

Jim - sorry...I see what you mean now lol

Chambers - your theory is wrong. Angus supply all the information regarding the site set up and procedures prior to the equipment even arriving on site. Once the equipment is set up then EA inspectors check to ensure everything is being followed.

Only then would Angus start running the TCP's which they did on Thursday. I really don't know where you are going with this, but I do note you sold out.

Jim3 - site is suspended at the close of Saturday not Monday.

gkb47 - Subject title "Where we stand"

B2HS2L - I've already answered your question in my post just below.

And to put things in context with all the hoops Angus has had to jump through regarding lighting, noise control, traffic control and protecting the wildlife.

Brockham held their famous firework show that cost £50,000 and to quote:

“Around 1,500 cars were parked in farmers' fields, and buses ran from close to the site to neighbouring villages and towns to ferry the tens of thousands of visitors to and fro.”

The main roads leading into Brockham were closed and how many bus journeys did it take to ferry 1,500 people?

And what about the noise / inconvenience from all these people, but more importantly how were the wildlife like bats affected by the fireworks?

I just find it highly ironic when you consider the arguments used against Angus.

https://www.getsurrey.co.uk/news/surrey-news/12-photos-stunning-brockham-bonfire-15373795

http://www.brockhambonfire.com

To summarise the RNS and PIs reaction. The folk who sold shares are obviously day trading and as Angus SP went down UKOG SP went up.

I would imagine most folks beef is not with having to wait a few extra weeks for news, but the reason. Suspending operations for Santa is an industry no no…plain and simple. You drill on Christmas Day and you produce oil on Christmas Day. The oil industry is not a charity. Guys take turns to work either Christmas or New Year.

As for folk trying to insinuate breech of EA rules…..loooong sigh. The TCPs were run in on Thursday hence Angus got prior permission to proceed with the test, just as they did at Balcombe once the well test package rig up was completed.

They perforated either on Friday or first thing Saturday hence the swampies whining about why work was being carried out at 16:30 Saturday afternoon and then Adrians’ video taken on Sunday.

As soon as the well was perforated then 24/7 operations came in to force. It’s rather like a can of coke with the coke being the oil. Open the can (perforate) and you now have communication with the reservoir which means the well is now live….24/7 operations. Non issue except for swampies, trolls or day traders who want to influence the SP for their own agendas.

There is no logical explanation for suspending operations for 2 weeks. You are still paying the rig rental rate and all the other equipment costs. Thats not cheap. No other oil company would do this. You might as well have delayed the rigging up of the well test equipment until January.

But as the Americans say…it is what it is. Angus sure doesn’t make it easy for their PI’s, but the end goal for everyone is the same. In a way the delay may actually help Angus SP as we won’t have the Market closing over the festive period. Its always a strange time to trade listening to folk accustomed to the markets workings and with skeleton staff on duty.

So operations will stop at the end of the 22nd December working day and recommence on Monday 7th January. The oil has not suddenly disappeared. From the scant videos we have seen everything is now in place to …as a Dutch man once said…turn on the taps lol.

At least folk will get 2 weeks off from commenting on this board. I for one will be glad to see the end of 2018 and look forward to an exciting start to 2019.

All the best to genuine Angus investors.

Weetsie - with the current oil climate the guys don't get paid a bonus to work on Christmas Day or New Years Day....its just another day, so no added costs.

Well after reading the RNS, i have to say these guys are not focussed in Angus on delivering the goods in a timely manner. Shutting down over the Christmas period is unheard of in the oil industry, just another day to make more money.

You're paying rental costs on all that equipment on the site. Vonk spoke about saving costs with sharing the same equipment from the Balcombe test and then did the opposite.

Did the Angus folk who got shares and sold up know about not working over the Christmas Period?

Rather a strange way to end the year with UKOG folk waiting for confirmation of testing KL4 and Angus having a long Staff Christmas party.

Propainter - Yes I’m still here. No I’m not part of some plot (you’ll have to expand upon that statement), I’m sorry you cant live without me posting for more than 36 hours lol

And loooong sigh….no I haven’t had a LSE ban, as that would mean I’ve also had a Twitter ban at the same time lol I didn’t realise I had to post on here to notify you guyswhen I travel back to work, which takes a while. I’m not sad like some folk on Twitter who have to update their followers with a tweet and post some tacky photos from the brochure.

Continued:

Rigging up well testing equipment is not considered maintenance and therefore would not happen on a Sunday. Maintenance refers to greasing and service of production faculty equipment including the wellhead.Simply put once the well is perforated 24/7 operations kick in.

So where do we stand? I offer facts and unbiased opinions.

Its like having 2 shops next to each other with the same supplier. Both have the potential to make a lot of money, but only 1 shop (Angus) has the licence to actually sell the items. That same shop (Angus) also has all the fittings inside to meet the requirements.

Angus is now and UKOG is for the future. UKOG still have to go through a lot of hoops to get their permits, drill their sidetracks (which lets face it they screwed up twice at BB….Drilling / Geology departments fault and not the formation itself) and construction of the facility which always takes longer than planned. UKOG timelines have already been pushed further right with production now planned for 2020. A lot of things will / can happen and yes this always causes further delays.

The impetus is with Angus as the HH test comes to a close shortly. Markets want continuous news and UKOG are entering a period of non news.

Now I did say if you continued to disrupt good discussion on the Angus board that I would give my honest and unbiased opinions on both Angus and UKOG…..well you just shot yourself in the foot.

DHC - Oh dear go dear….loooong sigh.

DHC logic is so flawed he could build another Burj Khalifa lol

Just take a step back DHC and read back the waffle you have written in countless posts. I appreciate you feel threatened by the Angus Kimmeridge production test at Brockham and want to protect your UKOG investment. But you are just shooting yourself in the foot.

What you are basically saying is that UKOG HH assets are basically just the Portland (well actually just one well with no licence), as the Kimmeridge is a non starter and Broadford Bridge Field is a duster. So you’re saying the that Motley Fool UKOG valuation of 0.55p is actually closer to the truth.

Or…….

As posters have stated on here, the great results 4.97miles as the crow flies from Brockham at HH from the same Kimmeridge formation shows what Angus can expect. After all they were deposited at the same time in the same environmental conditions. I don’t subscribe to comparing the Weald to the Forties Field for instance as its different depositional environments with different burial pressures / temperatures.

You cannot criticise Angus Kimmeridge play without criticising your own investment in UKOG.

What I have said is that Brockham should see higher flow rates than HH due to the well design and construction. Quite simply its like having 2 F1 cars with one cars’ setup giving faster lap times due to the tyre choice, aerodynamics set up et al. Brockham was designed and drilled specifically to be a Kimmeridge producer optimising production rates. Why? because Angus has a Production licence…actually the Weald’s ONLY Production licence and hence it does make sense wasting money drilling 2 wells. UKOG HH on the other hand wanted to appraise multiple zones of interest and in order to drill to the deeper targets had to drill a 12 /14” hole through the Kimmeridge. No one designs a production well with a 12 1/4” hole, hence why HH well was drilled as an exploration well. That isn’t meant to be a slight, just hard facts. Now what you should take from that are the green shoots from my observation.

The profits generated from the commercial production test will not be taxed due to the £11 million losses incurred. That means the savings in not having to pay tax on produced oil therefore pays for the entire field development. That’s one heck of a voucher. The money leaves one pocket and goes into the other pocket.

BRX3 can be turned into a Kimmeridge producer in 14 days using the exiting well substructure.

Answering your other ramblings:

Its a Flow Head and if you choose to read my posts you will see the links attached. Folk were calling it a Christmas Tree as that was what Adrian called it in the video.

Site working restrictions were limited until the well was perforated and became live. On one hand you state they are still nippling up the Flow Head (then how could the red headline pipe be attached? That is a very rookie mistake..Sigh

Baits - there is no pump on it at the moment, but its difficult to tell without knowing at what stage they are at in the operations.

Are they still in the clean up stage or are hydrocarbons free flowing to surfaces unaided. We shall soon find out lol

All the best to genuine Angus investors who have been very patient and finally we start to see the fruit of the well drilled in January 2017