Member Info for Alan2017

I saw that interview as being positive. Only thing that made me shake my head was "the delays don't actually" really matter"" That certainly wasn't a bright comment.

His Dutch English certainly gets him in trouble....then whole issue of the use of the word "Afterwards" immediately after talking about HH. You will note he then uses Afterwards again....

The key part of the immediate timeline for Angus is at 6min 46secs.....where Vonks says "...the only thing we are going to do now is switch the wells on that we drilled in the NEXT FEW MONTHS"

The rest of the interview confirmed the entire Weald having moveable oil in the Kimmeridge.

Vonks just needs to tighten up on the sloppy delivery to stop PI jitters and shorters making a quick buck.

Jarv55 - Angus has nothing to do with fracking....so why would you even bring it up?!?!

1IFA - both wells have been drilled, so there won’t be any drilling gozing on. It’s straight on to well testing.

Rk13 - DL is referring to the Kimmeridge test carried out at Angus Lidsey Field on well X1. Only thing I would say is that Lidsey is on the outer peripheral of the Weald, so the Kimmeridge is no where as thick as at Balcombe and then Brockham...but still nice to have lol http://www.angusenergy.co.uk/wp-content/uploads/2018/07/Angus-Energy-Kimmeridge-Assesment-Indicates-High-Quality-Crude-at-Lidsey.pdf

Rk13 - scroll back and look at my post @ 04:35

Stuart - but not too busy to type a long winded question? Seems to defeat the purpose lol

Stuart - read the posts on the board today...don’t even have to DYOR

mike - thanks for asking as I realised I missed posting the most important link. This is the Angus presentation for Balcombe and it compares it to Horse Hill.

If the Weald was a donut....then Balcombe would be the jam...its right in the sweet spot and its Kimmeridge is 25% thicker thank at UKOG Horse Hill just down the road (Extended Well Test ongoing).

http://www.angusenergy.co.uk/wp-content/uploads/2018/01/Balcombe-Presentation.pdf

Balcombe 2 was a vertical exploratory well drilled to garner geological / petroleum information prior to being plugged pack and a sidetrack initiated which became Well Balcombe 2z which we will be testing soon (I hope lol).

More information regarding the flow test at Balcombe.

This document has the site plan of where it is in relation to the village of Balcombe as well as the test spread layout.

https://consult.environment-agency.gov.uk/psc/rh17-6jh-cuadrilla-balcombe-limited-epr-ab3307xd/supporting_documents/Non%20Tech%20Sum%20%20Revised%20v1.2.pdf

Other documents posted on there:

https://consult.environment-agency.gov.uk/psc/rh17-6jh-cuadrilla-balcombe-limited-epr-ab3307xd/

Photo of Balcombe 2 and 2z being drilled (note how secluded it is):

https://keithpp.files.wordpress.com/2013/08/sussex-countryside.jpg

https://keithpp.files.wordpress.com/2013/08/cuadrilla-site-at-balcombe.jpg

If you click on the first blue link titled Introduction - Inversion Structures...it will take you to Balcombe information and even show you photos of the site / surrounding area.The geological information is not fully up to date and does hypothesis what Cuadrillas intentions are...without knowing the facts.

http://www.southampton.ac.uk/~imw/Petroleum-Geology-Weald-Shale.htm#PGSB-6-1

The great thing about Balcombe and Brockham is that both wells have been drilled and cased off. All that is required is for the wells to be perforated and then flow testing can commence. We won't have any potential headaches that UKOG had at BB due to not drilling the well correctly.

Balcombe is a quick 7-10day flow test operation
Brockham which will happen after Balcombe is an extended flow test, before crucially...turning the tap on.

We saw how the SP moved on the initial flow test at HH and again in the past week as they have geared up to commence a long term flow test.

Exciting times for all Weald Players.

Collated some Balcombe information from Podcasts, RNS and Websites

At 5min 20secs

https://www.youtube.com/watch?v=rvw9ikPZma0

Vonks said “ If you go to the North, Horse Hill flowed about 1,200bopd in aggregated from 2 limestones in the Kimmeridge, but its thinning out to the North. If you go to the centre where Balcombe is, it is 50% thicker, it was depositioned at a deeper depth, the maturity is better, so the conditions to make are better, so Horse Hill it was great; at Balcombe it should be much better

Now Vonk says Balcombe is 50% thicker than Horse Hill, but in Angus Jan 2108 presentation it states 25%.

This presentation is great to summarise Balcombe and also has graphics to compare Balcombe Kimmeridge with other Fields including Horse Hill.

http://www.angusenergy.co.uk/wp-content/uploads/2018/01/Balcombe-Presentation.pdf

At 1min 30secs

1min 30

https://www.youtube.com/watch?v=rvw9ikPZma0

Horizontal well drilled through best limestone in it thickest Kimmeridge layer in the centre of the Weald basin

Received planning permission to switch it on

Balcombe increased Angus Energy Energy by 3 times

Angus now Operator at Balcombe

http://www.angusenergy.co.uk/wp-content/uploads/2018/05/OGA-Approves-Angus-Energy-For-Balcombe-Operatorship_21.May_.2018.pdf

On Cuadrilla website, various documents / applications posted.

https://cuadrillaresources.com/site/balcombe/

Jerseyjohnie - you should listen not the latest Vonk interview regarding Angus Weald acreage

3min 36secs - "since our acquisition of Balcombe, we have emulated their (UKOG) portfolio in size, much much much more, we have much larger future development acreage, but we have the production licenses......and when its done they (UKOG) will have to go through the same process that we have already gone through years ago....so switch something from test to production is very time consuming."

https://www.share-talk.com/share-news/paul-vonk-managing-director-angus-energy-aimangs-interview-part-one/

ChasPB - totally agree. On mistake in that presentation by Vonk is Balcombe is 25% thicker than HH Kimmeridge.

I thought it was a very positive interview even though out of the 4min 52sec interview 3min 12secs was spent on Tidswell / Earthquakes. Vonk dealt with the Tidswell fiasco very well and dispelling the connection between oil companies and the recent recored earthquakes from 10km below ground.

Highlights of the interview included:

HH well testing same reservoir (Kimmeridge) as Angus will be conducting at Balcombe and then Brockham prior to producing from it straight away.

HH will be very time consuming moving from exploration through to actual production.

"...Balcombe is the future growth of the company."

3min 36secs - "since our acquisition of Balcombe, we have emulated their (UKOG) portfolio in size, much much much more, we have much larger future development acreage, but we have the production licenses......and when its done they (UKOG) will have to go through the same process that we have already gone through years ago....so switch something from test to production is very time consuming."

2nd part of interview with Vonk is next week when he discusses individual fields......possible RNS then this week?

FortKnox - the oil industry isn’t actually a risky place as you put it...it’s how you run your ship that is the risky part (take UKOG for instance). It’s very strange that in all my time in the oil industry...non of the CEOs has felt the need of going to the likes of America2030 for a loan...now why is that?!?! Reality is an outright poorly RNS on 16th Nov 2017 caused the SP to start crashing and it attracted the likes of you on to this board to shake it down as much as possible. Both events were on Tidswells watch. And remember ....2LL’s lol

FortKnox - you state "I imagine your post is libelous"...so that means you don't have a clue lol. I also said agreed with Gmph1 "theory". Any other explanation would end up with Tidswell in prison wouldn't you think Counsel?!?! lol

I've never commented on the PRIM share....so you are mistaken.

I've been in this share and commented on this BB since circa March 2017. Perhaps I was unwise to keep my shares at 36p, but we all can't be like Barnet Pete lol I'm certainly not a ramper or deramper. I purely talk about the facts presented to us and use my industry knowledge to explain what is going on or why for instance we would not expect massive flow rate increases with the use of the ESP.....if we were to ever have one installed.

I shouldn't take your posts being removed as a badge of honour.....we have all had our posting histories cut back to the last 2-3 months. its a shame as otherwise posters would be able to see how you started commenting with negative comments on this board on a daily basis when the SP started to tank November 2017

PS - Libellous has 2LL's lol

Gpmh1 - I agree with your UKOG placement theory.

I have no issue with Tidswell over America2030 selling his shares as nobody could be that stupid to just handover their shares for nothing. I cannot forgive him for knocking on Americas2030 door in the first place. What I believe he has been undone over is his greed for money and making a quick buck. Using his shares as collateral (shares still in his name sit on a shelf in his mind and to be honest I would think the same without reading every letter of the contract cannot be touched by anyone) to acquire a quick loan to invest in a multi-bag UKOG SP increase makes him a lot of money...pays back the America loan....shares returned to him and nobody including us would have an inkling of what went on. Tidswell feels very smug with himself and as you say...pays back the £207,000 and increasing loan he took to with Angus.

I want to know seeing he is not CEO or on the BOD...does he have to pay back the £207k loan immediately?
Has his £120,000 a year salary as CEO been reduced as after all the minor BOD are getting paid £40,000 a year.

His recently set up Twitter account highlights how disconnected he is from reality with a smug photo of him and a polo horse. One would have imagine he would have kept his head down and out of the media spotlight. It reminds me of BP's CEO Tony Hayward who after the immediate Macondo disaster said he "wanted his life back" and had multiple PR gaffes

https://www.theguardian.com/business/2010/jun/20/tony-hayward-bp

I don't want Tidswell back as CEO. He is guilty by association due to his initial actions and quite frankly I don't want him on the BOD either. He does not offer any specialist services for where we stand right now. We have 2 wells drilled and completed ready to be perforated and flow tested. This is standard everything day oilfield operations.

Tidswell has damaged the brand.... but not the product. The great RNS about moveable oil in Kimmeridge should have seen this SP rise into double figures as opposed to being picked apart by shorters.

Just like the SP momentum last year...Angus SP first rose from 9p (after the BBC story) due to news from next door with UKOG. Hopefully we will see a replication of last year with immediate nitro boosts from Balcombe and Brockham.

Pboo - I was replying to Cardinal with regards to being on this board. That’s the job I do...I can’t help it if that offends you for some strange reason. It shows for persons not involved in the oil industry (sorry but taking photos from a hedge doesn’t count) that you do not need a large team to drill and complete multiple wells. I find these Weald players are top heavy when it comes to personnel and the salaries they award themselves. Drilling the Kimmeridge should not be an issue (unless yoire UKOG and don’t use Good Industry Practices) You’ve ramped the Angus share with unrealistic flow rate predictions ...attacked posters for wanting to see photographic evidence of actual tools rather than assume it’s in a shipping container....now you’ve sold up and immediately posted negative tweets on your Twitter Page about the Angus BOD, but have never questioned UKOG with regards to BB screw up. Why are you still posting on here when you’re not invested? You wouldn’t be trying to get PIs to move over to UKOG?!?!

Cardinal - you are quite correct...it's a mismatch with Pboo, but he does seem a glutton for punishment. I only comment on this board except for a few oil industry helpful comments on UKOG in the past. My job in the oil industry is pretty straight forward as long as you follow Good Industry Practices (sorry Pboo....another Oil Field Term used). I'm actually looking after more operations than Angus, UKOG, Cuadrilla and Igas put together.

Pboo - You still haven't answered my question as to how you could possibly know about Angus testing the Kimmeridge at Lidsey before Angus announced it themselves? One should be very careful as that could be classed as insider trading...along with your extremely overhyped flow rate predictions. It certainly has all the signs.