Member Info for Blueballsnall

Could it be possible that PWP will be used to protect the Wildhorse and powell wells when the fracking is done.to try and prove it out on what were our own wells. Not sure if the spacing Of The wells requires that. Also noted other oil companies requesting 16 wells on the same acreage, so could we drill other infill wells using pwp.

I think this time around True will do zipper fracking correctly ie the three wells in the same shale formation will be fracked simultaneously . hopeful if my reading is correct this could make the wells more productive . We stated on the previously drilled work zipper fracking was carried out but the wells were in different shale formations so not really zipper fracking,just simultaneous fracking. Will be interesting to see if this happens.

Cheers W50 ..good luck elsewhere

Westie ,how big was your sell, Just for us to get a perspective on sells 5k ... 100k.

HD, we need the gas pipeline to be confirmed completed, without this the oil won't flow.. So official notification of that would be most welcome it's not the wells that's an issue I'm convinced of that.

There were circa 37m shares sold in the PB placing, so few fair few could be in profit here still but I'd imagine most sold on there way to the mid 30s. So I all likelyhood selling at a loss, maybe see a repeat of last year. To me there's very little chance of another placing as this would wrestle control Of The company from RP, in terms of take overs etc. The nitrogen is the saviour Of The company (and RPs control) if/when they deliver on it. As HD has said it could be big if they can pull it off.

The economics Of The nitrogen are not clear it's our assumption ,from flow rate and costs that RP has released in RNSs . Robert needs to deliver on that excitement in his voice that lead us the believe this assumption , ten weeks have now passed with no further news. For a project that seemed so low on risk this is a fair period of time to deliver some Of The companies decisions on it. Forget acreage increases the SP needs a revenue flow and that isn't the decreasing flow From ED. I hope the board have put DTU out of there minds short term until this is done as that is only a cash burner at the moment. The N play is the companies only chance of funding the company successfully without dilution imo.I think we need this to be kicked off to fund WD so we get a far greater slice of that potential, 6% has proved unacceptable and not a success by the market. To deliver it we went from 69m shares to 118m which is why I thought the deal was rubbished. I stated with the company because Of The N promise so now the BOD mu

OK thanks for that n

Fadec ,we haven't been dewatering the muddy formation, I thought we'd stopped, as we didnt drill the injection well. So are we saying we're still dewatering? As it seems that we muddy formation requires this to relinquish it's gases. If we're not dewatering this play is way behind the eagle play,so we won't see anything from there in the short to mid term,or did the dewatering we carried out prove that the gases could be released. I think I may have missed something here,i looked back and can't find anything can you help on this.

I can't find that we actually analyzed a gas sample from the eagle formation, so it would prove interesting if this formation also contained Helium, is there any possibility of that or are other companies already tapping the gas from this. Soon be calling us highland helium as got helium in the Kansas play as well, although in a very small % ,but they are looking at removing the Argon which would separate the He as well, may be worth it with F92s find on He prices who knows.

Well, wouldn't you know it, the profitability Of The company all comes down to the N word, and thats a fact ,good old Nitrogen,one Of The commonest elements will give Robert his sleep ,well for 99.56% Of The time anyway.

No I'm not saying we missed it just that the company said it wood be a couple of weeks and now it has,surely they'd say if the were drilling the plug for testing it's a big deal we've been waiting for 8months for Montana to move on

Oh and delivered a gas pipeline deal while others wells are locked in due to lack of one,perhaps worth more than 6 % of total oil and gas production

It appears to me the market is still put off by the terms of the ED deal, maybe this has put into question the companies bargaining abillities,as they had proved out both shale formations at EDwith top 3% well performance,otherwise I can't see how the market puts this at 20 mcap. It also appears we missed the drill coming back as well past Custer county. perhaps an investment opportunity is being created for a third party before news is delivered it he's been knowwn to happen

Noodle, that's why the logging tool was lost 0.6% found in Eagle formation. ;o)

FFS, Dave even RP having S..t and forgetting to wipe as hes rushing to Krapsas to finalise the deal would help.. least give us a laugh.

Well let's get our plug unplugged and get a wee bit of feasibility to the Helios project,hopefully a good result from that with the flow rate exceptable of production and the helium content confirmed (0.3%)on a production rate. Say 850mcf per day,so per well per annum $650k gas $230k H=$880k per well. Are these figure about right anyone?

Fadec I didn't say the pipeline was delayed, I was just saying the fracking could have been completed in a shorter time span imo. But the cogcc clamped down on flaring.,so the pipeline construction is the determining factor on production of oil and gas.

VENTING OR FLARING NATURAL GAS (Rule 912) • Unnecessary or excessive venting or flaring from a well is prohibited • Flaring may be required if necessary to protect public health, safety and welfare • Notice of flaring shall be provided to local emergency dispatch or to local governmental designee

Just my supposition, think it would have been sooner if flaring was allowed but the cogcc have clamped down on it, hence the anacardo pipeline closure fracas with renegade suffering :0)