Member Info for Bubblepoint

Ocelot,

Although Brockham is almost certainly able to be done rigless, it is still likely to have a cost of around £1m to pull everything, fix or replace pump, replace the tubing string and possibly reperforate, which even with a modest improvement on production, would likely take a year to recover that Opex/Capex requirement.

Still, better than dormant, though not a game changer.

Tickkkkk tockkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

Sooo EoA, lets hear your take on HOW Angus will make Soooo much money from the storage ??

I think you will find Trafigura will control the whole of any storage, at best Angus may get a tiny royalty of sorts, but it may result in them offloading the decommissioning & restoration cost to Trafigura.

And I wouldn't be wishing it anytime soon, as it means production ends to convert to storage, that, I assume you want Angus to get the most out of what is left in the reservoir first ?? So nothing on storage for at least the likely term of the refinanced debt.

PeeeBooo, they are not insults, just the ONLY way to describe such well informed, savvy folk such as yourself lol.... I deem them more a compliment in your case !!

Stop trying to change the point, ibug asked you to note ONE well producing FROM, and you came up with that lol.....

PMSL, Ibug is correct, it is NOT producing from the Kim.

Funny, I have been to that site in my early days, they actually tried to drill 5 or 6 other wells to try and tap into the same producing zone and failed on ALL attempts. it is likely a very small pocket or fracture zone, but hey Kimmeridge BAY is close enough for Peeeee Boooo lol

LOL Peebooo one day you might get it !!!

even IF they had produced 300k barrels, that would only equate to around £18m pre tax, discount, tanker costs, water costs etc etc, which is more than the total cost of the field, thus why you only ever see this sheite show on a downward trend.

Those fractures are watering out to match the downward trend, BUT the Gatwick Flusher may realise water is worth more than oil if they clean it up a bit lolol

Its a bit early to get too excited, it might be 30% up from rock bottom, but on 14m volume from 4.2 billion in issue, about £55k of trades all day, isn't a massive display of something brewing, though in fairness it was pushed too far sown, likely a more relative price at 0.4p, though i hope those holding see plenty more.

""This is going back up !""

You failed to complete the sentence !! This is going back up SCHIT CREEK !!

""Your just a GREEN box now lol!""

EWWWWWW yeAH,,,, that will work for a few hours until your are incinerated by admin as usual lol,,, best post you made all day !!! TICKKKK tockkkk!!!

TICKKK TOCCCKKKK ADRIAN !!!! see you've been busy lol....

Petroleum1,

AGAIN, it is NOT so much the rate of depletion that is the primary issue, it is LIQUIDS management/control, primarily related to dew point threshold and the snowball effect of induced condensates/liquids that dictate how much free gas is seen at the plant.

ONE day you might get your head around that, ner mind...

Based on what >> a whole dozen trades all day !! lol

Patrick,

I don't short, never have done, never will, nor do I hold any Angus stock, no intention of taking a position until there is defined clarity on the forward plan and how they plan to finance anything outside of SLBY.

BV can waffle all he wants, I don't see his carp lol...

Adrian,

I couldn't give a ferk if they passed all res or not, the company is still worthless, their assets are borderline liabilities, and all the GM has achieved is keeping the confetti factory running at full steam, nowt else...

I feel for your loss lol...

It doesn't matter how hard you try to polish a tvrd, it will ALWAYS be a tvrd !!

Oakley,

I may or may not bother, I don't like it when companies show disregard for retail, undermine assets and destroy the potential upside for retail.

I will be watching closely, but at best I won't be touching it unless it is clear they are funded for the work, or after they raise for it. I don't believe there is sufficient from SLBY finance left over or revenue to cover Balcombe, they need SLBY funds for SLBY for the doreseeable.

You can get 5p off per ltr at Morrisons too !!

Lol you stick to the "published" numbers, THE reality is far different. !!! £110 MILLION for 40 bbl/d

Ocelot,

NO poetic licence, go count up EVERY penny raised, borrowed/loaned, profits that have into the hobnob pot and been munched away since they started out, go count it all yourself, I have, as painful as it was, I don't give a hoot what your numbers and stupid asset values say, etc, the assets are borderline liabilities.

The company is worthless and the leader has spunked the LOT !!!