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I understand the SP’s gone down but nothing else has changed YET !!!
BOD took a bonus before flow test and a flare is required for longer (that’s good I believe )
Not sure that warrants a huge drop but that’s life .
Was sitting at 130-140 with more risk so seems bizarre.
I did sell at a reasonable amount and buy back in so increased
my shares then today bought some more.
May go down next week who knows but my plan is 30 day flow test and onwards . Didn’t follow my trajectory on my flow chart , nevermind !!!
Have a good weekend, at least it won’t go down Saturday and Sunday
Good call 3stand
Gas reinjection is the reinjection of natural gas into an underground reservoir, typically one already containing both natural gas and crude oil, in order to increase the pressure within the reservoir and thus induce the flow of crude oil or else sequester gas that cannot be exported. This is not to be confused with gas lift, where gas is injected into the annulus of the well rather than the reservoir. After the crude has been pumped out, the natural gas is once again recovered
You could be right .
(But would make sense to use it for lifting initially unless I’m missing something )
this extension is a sort of relief TBH.
At least we are testing and plans are in progress.
3-9 months flaring could be something to do with additional revenue
https://youtu.be/XNJDY-byL44
Webinar at 1:23 is a schematic of testing layout
Using gas for lifting in the well .
Says extended testing but think that was for 3 months
9months is something else but what?
https://www.energy.gov/sites/default/files/2022-06/2022-alaska-state-profile.pdf
Some regulations for Alaska
https://www.petroleumnews.com/pntruncate/637327188.shtml
Interesting .I thought most of the gas was being re injected
Unless this 9 months is a backup requirement whilst producing .
So far the twitter photos have shown progress
1. Wellhead and crane in the background
2. Jay looking at the piping tool with holes in the workshop
3. Jay looking at the plug
4, wireline truck in situ
5. Operations room
Ok a canteen shot ….
Think it’s telling a story
With the absence of a RNS I would like to see a twitter photo from site . Doubt Jay’s left the site since the last photo was taken
Don’t think he’ll leave until flowing …
*it does seem strange we are not sitting on substantial SP
at this point with possibly only 7 trading days (+)until flow test (IP24)
Just to back up that 8 trading day theory
is Jay saying late ‘September early October ‘ for flow rates
https://youtu.be/Gn5kpnT9rqM
Thinks near the end :-)
Can’t be that far away from a IP24 flow test result
8 trading days until the first Monday of October.
Exciting times !!!
Although IP24 isn’t the important one at least we know
its gone without any technical problems
Loved someone’s analogy the other day
Panr are sitting on the leading horse at the grand National
2 furlongs clear of the rest but with one more fence to jump.
If your 30 years old you let it ride but if your 70 years old
you cash some in and reduce your risk. Simples !!!
That’s what they did !!!!!!
Hope Farallon have gone now 8-)
Was a nice opportunity this morning to pick up more shares. IMHO
No one knows what the flow rates will be including the BOD.
Science dictates it will be fine but still a risk
Lot of things can go wrong a mile underground (scary to contemplate).
But anyways the facts remain we are sitting on Oil and somehow we want it out…. Taking advantage of the dips
as the risk reduces is key, if your in it to the end
Actually can make out the offset kick of the drill , Jay spoke about ‘on the chart on the wall.
Think we should get the FBI to de-fuzz those wall charts !!
early October it still is then
https://www.yjosllc.com/
Website for yellow jacket and services if you interested or not
From previous twitter
https://mobile.twitter.com/PantheonResour1/status/1570002419559325696/photo/1
fracking to trigger earth tremors/quakes
Unfortunately I’m not qualified in this although I would be unhappy if it was in my back yard:-)
I’m working on the North Sea oil for the first time in many years due to the price of oil and lack of new investments in
Greenfield projects.
It’s a weird time . Projects that became uncommercial years ago have suddenly become commercial.
Interesting concepts using 30 year old rigs (polishing turds)
Lack of long term investments and short term profiteering
https://youtu.be/VY34PQUiwOQ
Interesting animation on fracking
Hope it was it worth the wait? Lol
And Yes we still use hydraulic rams.
chicsans, hammer lugs and HP flex hoses are to compensate
over skidding .