Member Info for BradSmith

methodological was returned when I clicked metholodical - a typo after all.

Great "Tenable" episode on TV last night.
3 women and one guy in the money question for £8500.

Question, name the 10 top football league teams which feature a bird on their official badge!
They got 9 of them by which time only the bloke remained. His last answer was worth 8500 or 0!
He got it .... the women did well mind! One got WBA which I thought was wrong - stupid me!
So there 9 left for you to get.

Thanks for that Troajan , is that Afrikaans for horse?, it supports my previous post "water levels" and "water flows" are the same in this context.

But your article is not from the RNS? So where did they get this?
"Right now, the pressure is being maintained as water flows continue to reduce – thus making the wells saturated with the methane gas – and, in time, the pressure will lower to the optimal level and then a significant increase in gas rates is expected."

There is a glimmer of hope that this RNS is just a summation of last quarter, and tomorrow will be great news from this quarter and was suppressed so it would be very upbeat at the AGM. This is what I'd have done, and not released that fairly neutered RNS today.

I though they'd mispelled "methodical" but their spelling is a word, not surprisingly meaning much the same. I'll check if the difference is significant later, for my own peace of mind.

BUT reading that paragraph again, I think it may not be what they meant to say?

"The current stage of production involves maintaining pressure on the reservoir to further reduce water production, so that the lateral wells become gas saturated, rather than water saturated."

(My piece of mind) suggests that the words "water production" should say "water levels" , and then it makes more sense imho?

If so, I think this is the same old because they are not slowing water reduction at all, they are accelerating it, and I was totally misguided about the slow-down.

I live in hope, rather than confidence, that tomorrow is going to reveal new gas flows which have improved from 20mcfd at #3 and #4.
If they do not, then I apologise for supporting TLOU so vehemently. The story still makes sense but I will be devastated if Lesedi #4 has not risen beyond 20 mcfd over the period since.

I'll be wondering if Lesedi and the whole venture is a white elephant (or white tlou in Botswana).
I never expected an RNS before the AGM if there was good news - I hope this isn't bad news.

Not the same old at all.
I thought just that and was feeling gloom until I saw the most significant paragraph in the RNS.
It was what I understood a while ago. TomCorvid asked me where I saw it because he'd missed it!
I have never found it again and agreed I must have misunderstood something in a podcast.
My original belief was ....
we were deliberately slowing the rate of gas release in the dewatering process.

And today's RNS provides confirmation of that belief ....

"The current stage of production involves maintaining pressure on the reservoir to further reduce water production, so that the lateral wells become gas saturated, rather than water saturated. This is followed by reducing pressure in the wells to the desired level which, once achieved, is usually expected to significantly increase the gas flows from the wells. This is a metholodical and detailed process and takes time to achieve. The Company will update the market on further progress in due course."

So are we controlling gas flows until the elections are over? Or is it imperative to do this in the long-term interest of higher peaks. I wish I could find that original article. But I'll settle for that paragraph - even though it fuels the sceptics idea that Tony is a BS. Yet again, his timings are too optimistic for good reason (I hope).

BTS I think he is much older than that :O)
Hope you have good news in a couple of days.
(naughty boys , born in the naughties?)

No sympathy from me Whizz, you are bringing the low price on yourself, along with others,(by constantly doubting a project that made the start line only this year), because of unrealistic ambition from you leading up to that point, and on and on.
Your exile will hopefully end on ,or the day after, the 17th Oct AGM.
If I am right the sp will put most of us back to black like Amy Whitehouse.
New investors ewho looked at these pages with the intention of buying (and steadying the sp), may well have believed the almost total twaddle on both chatrooms since TG started smiling , will be wondering how they were put off by the volumes of derision against a tried and tested CEO, going for a third successive success?
I am glad you still hold , I think your account will soon be looking less terminal. If not next week then by Xmas. And then there is next year when Lesedi may peak, and Mamba enters the starting gates.The picture may then be very rosy as the weather warms up. Good luck in the mean time.

Whizzer why are you still here?
Because you don't believe what you claim to believe? Or because you are as daft as a brush?
What else do you have to offer?

("For those who worry about advanced orders")
"Botswana alone is forecast to increase 37% to 1,017MW by 2025"

2025 in unique to this TLOU RNS, as is 37% , a Mars bar if you find this in another RNS.

THAT WAS GAS FLOWS BUILDING AND modified GENERATOR COMMISSIONED.
Lesedi lateral wells from the start instead of the Selemo vertical well, should be quicker now they are done.
The AGM is unlikley to tell us we have peaked imho, but what the interim flow rates have been will hopefully be great news!
A standard generator utilising commercial flow rates will cut times . I'm hoping that work can start before the peak is reached - cannot see why not? That will reduce the timings even more.

#############

Gas Production Testing Operations Update

In 2015, the original Selemo 1 lateral production pod (a vertical well called Selemo 1P and an intersecting horizontal well designated 1A) had two new shielding pods (Selemo 2 and 4) drilled either side of it, to assist with dewatering and ultimately, enhance gas deliverability. Following the successful drilling program, each new vertical production well was completed with down-hole equipment to enable water level reduction and allow the gas to flow from the coal seam.

The dewatering and testing process includes:

Testing stage
Status

§ Reducing the water level in each of the three vertical production wells;
Achieved

§ Reaching the critical gas desorption point;
Achieved

§ Gas pressure building up in each well; and
Achieved

§ Flowing and testing gas production rates.
Continuing


-------------------------------------------------------------------------------
Dewatering operations commenced in mid-September 2015 in a controlled manner with all three pods reaching critical
--------------------------------------------------------------------------------
desorption pressure ('CDP') and steadily building wellhead pressure.

The current phase involves establishing a consistent gas flow rate from the production pilot pods. Long term testing on Selemo 1P commenced on 8 February 2016, with Selemo 2 and 4 wells maintaining static fluid levels at the desorption point and shielding water from Selemo 1P, the central and main producing well where initial gas has been flared.

Following shielding of 1P from water influx and gaining better understanding of the water producing capacity of the coal, Tlou has commenced drawdown on all wells, thereby expediting the process of achieving a sustainable gas production rate from the production pilot pods.

The aim of the gas testing program is to provide evidence of a sustainable gas production rate achievable from the field. This data will be incorporated into field development plans and provide data for independent reserve certification.

Worth a read - too much to repeat here. Two RNS are less than a year apart. But still looking for what went before.

For those who worry about advanced orders, hear this here ... a tiny extract

Chairman Statement

The year under review has been transformational for Tlou and has seen us make significant progress in the development of our Lesedi Coal Bed Methane ('CBM') Project in Botswana, the most advanced gas project in the country. This is of particular importance due to the chronic power shortages being experienced in the southern African region, where demand in Botswana alone is forecast to increase 37% to 1,017MW by 2025.

##########################

First gas to power generation
Tue, 20th Jun 2017 07:00

Conversion of field generation from diesel to gas

Power required to run pumps and metering at the Selemo pilot to date has been supplied solely from diesel generators. The Company's operations team have now installed a gas generator to replace one of the diesel generators. Rather than flaring gas produced from the Selemo pilot wells, it can now be redirected to the gas generator. Using this indigenous gas provides a saving to the Company due to the reduced diesel requirement, effectively 'first gas monetisation'. Tlou plans to replace another diesel generator in the near term which would provide further savings on diesel costs.

The Cummins G8.3 generator can supply up to 60 kVA of power and has been customised to run on a small portion of the gas currently being produced at the Selemo pilot which would otherwise be flared. It is expected that the conversion of generation from diesel to gas will initially reduce the Company's diesel requirement by approximately 50,000 litres per year. These savings should grow with time given that a second gas to power generation unit is planned to be installed.

Gas flow testing is continuing at the Lesedi CBM Project in Botswana. As reported previously (see press release on 25 February 2016), a sustained gas flow was achieved from the main producing well Selemo 1, with the shielding wells Selemo 2 and 4 successfully shielding water from the formation.

Following the commencement in April 2016 of drawdown in all Selemo wells, Selemo 4, drilled as the northerly shielding well, has now also demonstrated sustained gas flows. This is a very favourable outcome and far exceeded the Company's expectations with the potential to be a second key gas producing well in the Selemo area. Selemo 4 is still in the well desorption stage and is expected to continue to produce enhanced gas rates with further dewatering.

At Selemo 1, the central and main producing well, the operations team recently conducted a workover to clear coal fines at the intersection of the vertical and lateral wells, which can cause reduced communication between the well pair. This is a common operating procedure with CBM wells where water is pumped down the vertical well and along the coal seam though the lateral well. Gas production testing from Selemo 1 was temporarily discontinued during this procedure and has now recommenced.

Following the workover, pumping and metering equipment has been installed on the lateral end of the Selemo 1 pilot pod. This facilitates production of gas from both the vertical producer and also the lateral end of the pod if necessary. This is advantageous as gas can still be recorded from both wells even in the event of reduced communication between lateral and vertical sections.

Selemo 2, the most southerly of the Selemo wells, drilled as a shielding well to keep water out of the formation, is performing as planned. This well has also flown gas, although not expected to produce at rates as significant as the main Selemo 1 well or now Selemo 4, as the lateral section intersects less coal than the other two wells due to the geology of the area.

Flow rates from the lateral section of a well are expected to be far greater than that of a vertical well. The rates already achieved have been very positive, although to date they have predominately been from the vertical sections of both the Selemo 1 and Selemo 4 wells. At Selemo 1 this is due to the communication restriction that was limiting the flow from the lateral section. In the case of Selemo 4 it is due to the fact that the coal seam has not yet been fully dewatered having gone into production testing later than Selemo 1.

Therefore, with positive gas flows already achieved the Company is encouraged by the fact that significant gas is still expected to flow from the lateral sections of the wells.
In the near term Tlou will monitor flow rates at Selemo 1 from both the lateral and vertical wells to build on the rates already achieved. In addition the Company will continue to dewater the coal seam at Selemo 4 to enhance the flow rate to commercial levels.

Hardly any traded in Oz , 62k shares , I reckon all buys because the final spread before close was 8.9c to 9.8c equating to 4.9p to 5.398p
The ASX market for Tlou is older than AIM so I'd expect more LTH on there possibly making that market more stable.
And they know Tony better than us no doubt.

Don't understand your logic Whizz - nothing has changed with the company , nor might it come AGM day.
I thought I posted what I found on Selemo I'll find it again - dewatering was a lengthy process!
Selemo 1 was the production well but they produced 2 and 4 either side of 1 to help get the water away from 1!
It worked, and Selemo 1 alone went live to provide the onsite electricity saving us 8.1% in production costs at Lesedi #3 and #4!

It is unclear quite how long it took, but my non-existent post had it as 5-8 months plus the time to produce the 3 wells.
They expanded Selemo 1 to get more out which they won't have done at Lesedi , and they'll have learned a thing or two from Selemo drills. One lateral well was abandoned when the drill got stuck I think?

Anyway it seems well over a year is likely?
As we did not start until mid 2019 on production wells, this is still early days!
The good news was Selemo 4 not only shelved water for #1 but became productive itself after dewatering. So 1 and 4 are productive with 2 maybe the one with drill stuck?

I'll try and verify that in another post. No trades yet in the UK, but trend is to follow ASX thank goodness.

Put this out to show why he might just know a thing or two about our business , contrary to some opinions?
8.9c here and Arrow were 470c when taken over?

That's more encouraging?

Still cannot sleep, Dr. confirmed Sciatica so have anti-inflammatory tablets to take.
If I have any left over, I'll post them to the ADVFN board!

First Day of Dealings on AIM
Mon, 30th Nov 2015 07:00

RNS Number : 2909H
Tlou Energy Ltd
30 November 2015

Anthony (Tony) Rechka Gilby (54), Managing Director, Chief Executive Officer

Tony Gilby, a founding director of Tlou, was appointed Chief Executive Officer and Managing Director in March 2012. He has over 30 years' experience in the oil and gas industry.

Tony was awarded a Bachelor of Science (First Class Honours) degree in Geology from the University of Adelaide in 1984, where he won the University Medal in Geology (Tate Memorial Medal). Tony began his career working as a well-site geologist for Delhi Petroleum in the Cooper Basin. He subsequently joined ESSO Australia where his roles included exploration geology, geophysics, petrophysics and a period of time working in the Exxon Production Research Centre in Houston, Texas, studying the seismic application of sequence stratigraphy.

On his return to Australia, he continued to work with ESSO working on a new venture project, before relocating to Brisbane where he worked for MIM Petroleum and the Louisiana Land and Exploration Company (LL&E). In 1996, he left LL&E to work as an independent consultant while completely the acquisition of prospective Queensland acreage in a private capacity. This work culminated in the founding of Sunshine Gas Limited where he remained Managing Director until its takeover by Queensland Gas Company in late 2008. He is a former non-executive director of ASX listed Comet Ridge Limited.

################################################

Shell, PetroChina to buy Arrow Energy for $3.2 billion

Published: Mar 22, 2010 9:37 a.m. ET
LONDON (MarketWatch) -- Royal Dutch Shell and PetroChina reached a deal to buy Australia's Arrow Energy after lifting their takeover offer to 3.5 billion Australian dollars ($3.2 billion).

The offer is worth A$4.70 a share, after Arrow (AOE) ARWEF knocked back the original approach worth A$4.45 a share.

In addition, for each Arrow share, investors will also receive one share in a new listed entity, Dart Energy, which will comprise Arrow's international business and certain Australian assets.

The cash component of the offer is at a 35% premium to the last closing price before Shell (RDSA) RDS.A, +0.19% and PetroChina (857) PTR, +0.98% announced their interest.

The two oil giants, which have formed a 50-50 joint venture would end up holding Arrow's Queensland coal-seam-gas assets and domestic-power business as well as Shell's Queensland CSG assets and its site for a proposed liquefied natural-gas plant.
##############################################
Anthony Rechka Gilby : Connections
Panthera Resources PLC
Tlou Energy Limited
Melbana Energy Limited
ADX Energy Ltd
Sacgasco Limited
Target Energy Limited
Xstate Resources Limited
Horizon Oil Limited
Buru Energy Limited
Elk Petroleum Limited
MEC Resources Limited
Oilex Ltd
IPB Petroleum Limited
Real Energy Corporation Limited
Orion Energy (P

I'm thinking about spreads when there are no trades at all i.e. how the SP went from 4.8p to 4.9p on Monday!
Basically someone offered to sell at 4.8p but withdrew that offer or changed it to 4.9p.

At that point I could have offered a handful of shares at 4.8p to bring it back down.

IG 's minimum trade is £60 but others may allow 1 share deals?
It explains trades of 1 share!
I offer 1 share at a cheap price which nobody takes it but the BID price reduces to my value!
If somebody else is incensed perhaps they'll buy it to push the BID back up!
Or it could be a signal which is the common belief?

I could manipulate the market for £60 a throw until others start offering my price!
I can then back out mission accomplished.

But if there are no trades at all everyone's portfolio is down until closing when the price returns to the day of the last trade?

Not checked this yet ... posting now, I've spent all morning on here without realising the time - got to eat, dog walk and get to doctors! Fed the dog hours ago.

You seem to be bringing peace and harmony to the chatroom, unless I am very much mistaken.

I heard a football pundit say referees give the rub of the green to the top sides, and have done for decades,.
I think the same applies to share prices. TLOU trades are being manipulated to keep the price down.
I kid myself that the culprits are setting themselves for huge buys if there is good news - IFF IT IS COMING, of course.

In my book, if I wrote one, they'll have someone at the AGM and as soon gas flows are announced they'll be in or out big time, winning whatever the news is. If TLOU procrastinate about flows they'll feel like BTS and Whizzer do! And maybe I'll join them. I'm talking myself in going to Brisbane - good job my passport ran out in August.

I wish LSE provided a thumbs down click Whizz.
Don't you see that the drill remained at Lesedi in case #3 and #4 needed some help from a third well to achieve 'adequate' supplies (to use the ministers word).?
It all comes down to waiting for that lovely water to be pumped out sensibly. IT IS A GOOD DELAY, more water, more gas is the rule not the exception for CBM.

The fact that the drill has probably gone to Mamba by now is one hell of a vote of confidence in #3 and #4 imho!
I resist saying what I'd like to say but that fact and and the minister's promise are what make me so optimistic!

Bad management would have been to keep the Q3 schedule at Mamba! If the drill was then required back at Lesedi we'd lose out on both sites. Or we'd abandon Lesedit? Why isn't this obvious to everybody?

Good news is that I have an appointment to see Dr. today - I'll see if she can solve the pain in the arse I am getting from reading posts on here.

Sorry about the video - I have just watched it!
I just grabbed the Dr. Hook one out of loads of Bellamy bros links.

Just looked up what the protagonist's first post (my search engine ignores filters so far, they are filtered after arriving on your computer not before) and see he is quoting the 2015 annual report!
What next? He'll complain that God did not rest on the 7th day at all.
I suspect he cooked a roast and watched a repeat of match of the day whilst in bed with whomsoever like the rest of us.

Gee, in 2015 there was not even a date for the EU referendum (June 23rd 2016) so how can statements made then be relevant now? I think CF should have told us Leicester were going to be champions next year at 5000/1 so we should invest there instead , but I won't hold that against him (there is a joke about that I think).

Not a joke a song!
https://www.youtube.com/watch?v=MgHIEBh1Tf0