RE: The End Game9 Dec 2020 18:21
Hi Guys.. I have just popped my second can of gassy lager so just thought I would type...
I'm not sure this is quite like Brexit (joke) unless Ursula is lurking at terminal depth with presents.... but JB, there have already been successful drill at the A site.... but they have not had proper extended well test to my knowledge (EWT's) because they were originally drilling for gas and were surprised to find a significant liquid component in the Kirkham Abbey formation that was not going to work with their quipment.
However, I AM suspicious that they did not do a proper EWT last year. Why? why wouldn't you. Well, maybe they did not want all the world to know what they had at that time. Anyway, i assume you are aware of last October's 24 million quid raise at .9p, yes double today's price. So this drill is now backing up the initial 2 drills 2.5km away.
Allegedly they are planning 2 more sites C and D.
The initial cores and logs will allow them to say we found lots of gas and condensate ( light oil, C3-6 hydrocarbons,... nice) but the EWT is the real thing because the physical performance of the reservoir rock is not a simple thing. You need the rock to be permeable and porous to allow the HC's out. The KA at the A site exhibited natural fracturing which is GOOD. We are not allowed to FRAC here (stoopid) because the sky may fall if we do... lager
But seriously, It looks good..... Rocket emoji..
Just off to dinner with Bojo and UvdL at 2200 below. BH