Member Info for albus

I think JP has done the deal with OGIF / Shell. OGIF will take their stake up to 51% and effectively run the company. Sevenoaks will be closed or the address kept for HO purposes and we will have a skeleton or two in an office in Morocco with someone who can read Seismic Data and whoever that is can hardly be any worse than our team involved in that part of the business unless this team has been totally two faced telling the BOD how it is and the PI,s something else. This would explain all the sellouts including JP CI and Petromaroc. IAS for conspiracy to deceive I genuinely don't think this is the case. I think there is hope we hit something. But it is clear to me the Paleo play has been sacrificed because everybody knows this is more long term and Shell or others will always be in a better position to find it. The deal to me has been struck in principle on the basis of a TE 10 failure to merit a low buy in price for OGIF and Shell. JJ is effectively redundant and just a financial advisor but we can just issue shares to pay for this sort of service. I was right to tell JP to his face at Norwich after what BM said in response to my questions that we wre in no position to exploit the dream and we should sell our bronze tickets for £1 each if we had a chance before the drill programme. !!!!

I wonder if a company sale price- the whole lot has been agreed now on the basis of a TE 10 no gas show and TE 11 is not happening. We are selling License areas and a gas find so presumably that's worth at least a few pence per share.

I can't see any value in what we are evaluating. If we have the money for 2 more drill pads we may as well let Luca and his dad pick the best spots on the back of previous experience and all the others down the road. What's the use of adding together figures for unlockable gas. If the seismic can't find a single reservoir then what was the point

To all you sounders

Thought I would toast with G&T .

GLA

Better than Brexit

Hi Rocket

Its the Paleo we want a positive. The Tagi is almost irrelevant to the sp on this drill imo

Hi Ergp

Have your responser on the filter. so not seen it. is this good

Ginger

What a good sunday night topic

Did you know the guerrilla man et al drove out to camp by the perimeter fence to film TE7

We knew it was going to be big because Kelly Sheets took our site visitors over to the outlet pipe to make sure we knew how big it was

The flare was truly spectacular

Now I did not know you were referring to a song in the flare era or not. Perhaps it should be that way and the song is " Once in a lifetime" which I think is very apt

Hi Sreadman

I never got to the nub of what went wrong on TE 8. I was in a select group where the plan was explained at Sevenoaks. Did something go wrong on the curved entry to target depth ???

We are now executing a vertical only drill. The big plan is to extract the gas via horizontal drills in the best depth strata and frac to maximise.

We are not doing that in the near future so I guess we need to be patient

I trust SOU and that's where I am

Hi Jobbins

Impressed by your post - I have had a couple of drinks so I do apologise if I seemed offhand. Not seen you previos posts so I am now assuming your comments are totally genuine.

It is totally true that pressure and depth will affect physiology of the strata. But where I was coming from is that the P&P is what it is at he particular depth and our porosity in Tagi is known to be tighter than the Algerian equivalent depth. So the permeability whic is different to porosity and likely to give a more emphatic result without stinulation is dependent on the type of structure and rock strata inclinations. Wer have mudstones apparently if true - this would be better to frac from what I glean but we are not going to try here (TE9) yet. They will be in a huddle before the RNS at to what we can say but we cannot prove it for some time. Thank you again for posting to me it seems a decent gamble at this stage and the SOU team arefar more qualified to comment than me.

Yes Jobbins . 3/10 if the geology was consistent but we haven't got that amd you don't know what you are talking about for Tendrara and the Paleozoic. I have had nany discussions face to face with BM and Dennis' right hand man and I know something about geology for your information thank you very much. Do not shoot from the hip. We will be OK for the end game there is too much gas to ignore. Schlumberger are well capable to get it out it is all market price games now.

Thanks Kirk

You are truly a star. Made my day that Kelly was there. Great bloke.
As for me and been here a long time have at least 10 times more shares than in the Gerry days when it was just painful fun. Prepared to take more pain but I think we will end up in heaven. Will take the trouble for a trip south. Desperately want Brian M to come up trumps.
No quitter

Graham

Porosity and Permeability - It doesn't make any difference to the depth of the strata except when you need to do the stimulation. But if we are higher than the original TD there is less chance of encountering the Water contact level

Hi Kirk

Sorry I could not get to Oudja this time but I have got full confidence and seeing your comments on Schlumberger and thinking to your excellent video ( thanks) I have more confidence . Was Kelly at the TE9 site ?? Have mot seen any comments if he was. Was Luca there too ?

Graham

Ginger

Isnt that Black Sabbath - Children of the dead or something like that - Ozzie

Hi Kirk. The drill must be within 100 to 200 m of target depth now. I have booked into a hotel Thursday. It will be either PG Tips or Champers for Friday breakfast I guess. Holding all till the end. G

Indeed they will be very careful in the Tagi to avoid any of the sort of problems in TE8. Probably 50-70m a day at best

Exactly. Loaded up now

That's only 2 tons. Supposing someone nicks it in their trousers aka The Great Escape and spirits it away

Hi Tony Me too - otted some more this morning. Not going to Oudo busy. I'll wait for celebration time.care. Graham

Hi Kempsey. Looking at this closely to book this Friday via Fez. Graham