Member Info for Bamps21

Hi Tom
That's a big risk Tom putting all that in GGP no matter how good they are, but you must believe in them.
I've just topped up with UKOG they're drilling at Gatwick . Tweet yesterday "the core is bleeding profusely with oil" and today a photo of an ammonite that came out of the core. I'm finding reading about it very interesting and believe it's going to spike, but what do I know :))

Hi grq
EPIs reputation will be dented if this drill is not commercial, I reality can't see it happening.
Cerp and EPI have spent a long time analysing all the data with all the latest modelling techniques
ATB:))

Hi Scarface
After 3 dusters in a row with Sound I am keeping my expectations here on the low side but still excitedly nervous
ATB:))

Just thought I'd change to a better heading :))
Twice last week I couldn't get into my local at lunchtime, absolutely heaving
ATB:))

Don't forget the incised sands may yet be an added bonus.

Scarface you must be well pleased looking at that photo of an oily finger. What more assurance do we need that Saffron is on a sweet spot.
ATB:))

I know my expectations at Saffron are probably slightly less than a lot of lth but I am still excited of this drill, it's been a longtime coming.
I see this as a stepping stone of better times ahead.
I shall be well pleased if it met others high expectations.
Whatever oil is found it will help fund a continuous development of the Saffron field.
It does state on an Rns that follow on wells are being planned. I would imagine they will continue drilling shallow wells around Saffron to build up the field.
With revenues at Bonasse around $50 per barrel, why drill elsewhere.
Icacos $40 per barrel revenue and Goudron/Inniss $30

ATB:))

Hi troubles
Very funny :))

Hi neon
Thanks for your reply, now you mentioned it I forgot Angs drilled it.

Just a few points we differ on is the Swp is not light oil, an API 30+ Is light and Bonasse and Icacos are around 25, Suriname is 16-20 on the Tambareajo field.
Venezuela is a notorious heavy oil producer
Light oil migrates to the surface such as at Goudron but the theory is there must be heavier oil at deeper levels there. These levels are shallower at Bonasse making it cheaper to drill.

The sand layers holding the oil at Saffron are emerging at surface so most of the light oil has probably dissipated .

The infrastructure is there, how adequate it will be I don't know but with £26m capex being spent on the Saffron field infrastructure in the next 2 years it must require new investment.

ATB:))

Hi grq
Less of the young :((

Hi neon
The only thing about Cerp and Ukog are they are drilling at the same time.
I know nothing of Angs
Ukog have a light oil of 40-41 api and is coming out at the on it's own pressure at the moment while testing , it's coming out clean and no water in a naturally fractured rock
The oil at Saffron is 25-30 Api heavy oil, in a sand layer therefore they are 2 different situations with differing permeabilities.
If you look at the capex chart on the presentation, there is a small cost for tanks and pipelines rising next year to approx £6m and the next year to £15-20m for pipeline, tanks and infrastructure.
This suggests to me they are expecting a lot of oil and need more infrastructure to cope

I have every confidence in LK to succeed at Saffron. I would be well pleased if the reserves hit the P10 target of 153m

ATB:))

Hi neon
What have I said that is wrong, I haven't mentioned about production or comparing it to others
To me investors are holding back waiting for assurities of being materially commercial before piling in
If it is very commercial all bodes well for the rest of the SWP and the sp will rise
Yes I'm excited by the drilling but from past experience of Trinidad drills I'm being realistic
Of course there's oil down there, probably 3-5 layers of it, I hope it comes gushing out and probably will to start before the serious production of pumps and steaming takes over.
After being here for over 8 years waiting for this moment another 3 weeks is not long to wait
ATB:))

Hi Nige
I just can't get excited about Bellway they destroyed a lovely farm near where I used to live. 5 bed houses along the road and social housing at the back of their gardens. Designs were poor. Sales staff were apparently rude to customers.
Sorry I've no time for them, just my opinion of course
ATB:))

Spudding a well is not normally what gets the sp moving unless it takes investors by surprise, many of whom will already be invested.
What will improve the share price are unknown surprises like finding oil in the incised sands at 500', the Upper and Middle Cruses 1200-2000' and then the main target the Lower Cruse if it meets the top of the target range.
The plans are to only test the 3 layers though.
It's drilling through sands/sandstone so I would be surprised if it took 3 weeks but depends if they stop at each layer to test or go straight to the target depth of 4000' and case it before plugging and testing.

I would expect good flow rates to increase the sp and even more so proving of the reserves, but there is always the chance of non commercial flows, so until they announce the well is commercial the sp will probably stay where it is.
To me there's no reason why it shouldn't be commercial as Saffron is very close to other producing wells.

Hi Tom
Sorry about that I will keep quiet:((

Hi Tom
On this site go to the riser tab or search TOM :))

Hi Tom
The today's risers and fallers lists

I'm not doing any more limits , found out it doesn't work for me, prefer gut instinct

ATB:))

Hi Tom
I see your company namesake near the top of the riser board:))

Hi Nige
Japan have been a breath of fresh air for Rugby. I used to be on the wing, very skinny and quick. Very short sighted when I got the ball I wouldn't let it go as I would never see it again :))

As for Gfrd they produce more profits and houses than Bovis. First deal rejected £950m in Bovis shares, second deal £650 in Bovis shares , £300m in cash and £100m debt paid accepted.
They don't need this deal

Shares I'm pleased with last few weeks Marshalls powering on, JLP an ugly duck turning into a swan based on forward earnings should be 6p 2020 and 14p 2021 .
ATB:))

Hi Ben
I couldn't be a bricklayer, bending over all day i would be stuck like it.
I'm not sure whether the Gfrd deal is good for the company or the shareholders, there must be another reason the Board want it to go ahead
I'm still surprised no more approaches have been received
Have a good week don't work too hard, unless it's for Tw then work harder :))

Hi Ben
Well done, nice to be wanted but could you explain to me what this thing called "work" is?
ATB:))