Member Info for Bubblepoint

Related to how they can both work down or clear the debt/s and then finance the work that will be needed soon.

And I would say it is transparent that you too do not have much of a clue about the industry by the way you latch onto certain aspects within the CPR, but then simply are unable to understand the industry relevance to that and the industry solutions that apply.

SLBY is by no means unique in where it is on the secondary recovery workings, the elephant in the room is far more relatedabout

WG,

I personally couldn't give a hoot about your opinion of me, as you obviously like to take the strongest to try and belittle them, so I take it as a form of compliment.

As for Push2 or BP, not in the slightest ashamed, embarrassed or bothered, I post in REAL TIME to how I see it, and that is the CORRECT way to do it, why ? Because as has been proven, when the outfit move the goal posts to what was planned or supposed to be being done, then that automatically changes the status, good or bad.

You keep barking about Drop off's, which is flawed. why, because any FLOWING pressure decrease at surface is virtually ALL associated to the amount of liquids being produced, design a way to bring the liquids to surface more efficiently/effectively and it should almost certainly notably increase the flow of gas and increase the flowing pressure.

Like I have said probably 100 X now, they HAVE 70-80 Barg reservoir pressure, if these wells ONLY produced dry gas then the surface flowing pressure would be up and above 50-60 barg fact.... it is purely liquids density being lifted with the gas currently that is weighting on that reservoir drive pressure, and that is why it is much lower at surface than it potentially could be, with a change in production string design as the simplest and cheapest way forward, or other more complex designs that "could" benefit notably more, and for longer.

The difference between what you keep pushing is that YOU want to convince people the field is imminently DOOMED, well if Angus do nothing and ONLY use choking back on the wells, which slows the velocity of the gas and liquids coming up from reservoir to surface and that slower velocity allows some liquids to drop out and fall back down to reservoir, so the pressure increases at surface but with a reduced gas flow too.

The problem with this technique is that it causes a snowball effect, if you don't produce the liquids that are within the near wellbore reservoir and the "reservoir section" of wellbore then slowly that liquid will cut off the gas that is trying to permeate into the well to flow out to surface, you basically eventually stall out the well.

So, they need to produce the liquids with the gas to keep the reservoir and well as clear as possible, that can only be achieved by intervention of the well, and application of production design, for which there are a number of options available, and that is what keeps the drive & surface pressure naturally higher at surface and counters the compressor critical 17.5 barg.

I suspect you are either incapable of understanding this industry standard, OR you prefer to simply discredit the industry ways to suit your impending DOOM approach !!! it is one or the other, but both show you to be nothing more than doom mongering.

WG AGAIN, nothing wrong with those posts,

It is imperative that they do SOMETHING, they have options, among a few, THEY have noted Booster compressor, which is an action ONLY changing the pressure ARTIFICIALLY at surface so the main compressors can continue above the threshold.

IF they want to use the RESERVOIR drive, you know, the 70-80 BARG they have driving the gas and liquids to surface, then they almost certainly need to act on production string design to get the maximum use and improve the surface pressure, which "could actually reduce the NEED for the BOOSTER compressor for some time to come.

Seems you simply cannot stop yourself from your attacking ways, no problem with constructive discussion, but you always resort to making it more a personal attack rather than about the topic.

And I can assure you I hold zero, no angus stock at all, and have not done so for a number of months, and will almost certainly not be doing so for many months to come. I will let you know when or IF I do though !!! if that somehow meets to your approval that is lol....

WG, there is NOTHING wrong with that post, other than people like YOU who seem to enjoy looking for ways to discredit others.

If you ALSO care to look through MY HISTORY (sad as you seem to find doing such things) you will find repeated point that RESERVOIR PRESSURE and also related speed of well pressure REPLENISHMENT, are the most important points, not your constant push for your 17.5 Barg COMPRESSOR critical levels.

As for position !! ZERO, no position held whatsoever, and no intention of doing so.

I have noted the "current" small drive upwards on the ask, which to me looks like market play, as the volume does not support it at all, but that is what has been done in the past and it was sold into by the likes of PF.

Now, if you want to play the discrediting game AGAIN then fine, it simply shows your level of immaturity and inability to restrain yourself from such childish ways.

YOUR CALL !!!

WG,

You cannot compare Wingas with current, the field was producing in its simplest form, meaning hyper basic in field set up, just wells, well heads with chokes, and a manifold to link the various wells to the outflow pipe line to Theddlethorpe, and it simply was a case of crack open the wells and let it all flow down the pipe line.

The current set up has barely any comparability to past efforts. along with how those wells were being produced by previous owners.

As for the requirement for the "booster" compressor, well if I were Angus I would be looking at production and string design, before I went down the "booster" compressor route, as the "booster" compressor is simply a bolt on option if they do little to nothing with current production well design.

WG,

There is a difference in what I am saying and what you are trying to portray, in that you make out that this 17.5 barg critical pressure (compressor limitation) is the be all and end all for production.

Yes it is a critical pressure if "nothing" is done to counter the "reason" for that lowering SURFACE pressure, which is predominantly all to do with liquids, not gas, and NOT the much greater reservoir DRIVE pressure available to them.

They have a significant window to work with, it is ALL about how to manage the liquids being brought to surface with the dry gas, and what they can do in the NEAR future to make an effective difference, and there are numerous ways, yes all cost time and money, but all doable.

Again WG, I don't particularly agree with your storage point.

Yes there will be some notable reconfiguration within the field & plant, BUT they already have compressors, which can be re jigged to send imported gas back to the reservoir, they have the rest of the essential plant for that imported gas to be produced back to surface and cleaned before entering the grid pipework.

They would not need producing compressors as the function of the compressors under storage conditions is to both fill the reservoir with imported clean gas and that drives up the reservoir pressure to well above pipeline to grid pressure.

I also strongly suspect Wingas were pricing it with "creativity" built in, whereas now it would be a significantly small fraction of that cost to convert.

I do maintain my view that "over" depleting of this reservoir, will take it too far out from the baseline reservoir pressure that makes conversion viable, meaning no one wants to have to spend a fortune pumping a lot of imported gas into the reservoir JUST to bring it back to the baseline/bottom line pressure needed. as that gas becomes unrecoverable at least until the end term of it as a "storage" facility.

Patrick,

I do think B07T will improve, and is capable of delivering as was before, but it will take longer without the well test separator in place to strip out the crap.

Personally, I think they would have been far better while they had that well test pipework and separator in place, actually shutting B07T in and running coiled tubing to perform a second acid soak to do a secondary breakdown on what is left down there, and flush it out. Too late now, well not too late, but it would cost a lot more to do it now as they would need to bring back in not just coil tubing but also a test package to take the clean up out the line before sending the gas to plant again.

Just my opinion mind !!

WG,

The SLBY story was in place "before" gas prices went through the roof, it was deemed viable then, and it remains so, but not to the benefit of retail, as the debt that should not have been required has kept it under water, and will continue to do so.

As for the Barg story, I will not agree with you on that one, simply because you fail to recognise the most important factor here is the reservoir pressure, and the rate/speed of pressure build up recorded on well shut-in.

The CPR clearly shows the pressure data, and that surface pressure recovers fairly quickly to "near" reservoir pressures (70-80 barg).

This is because when shut-in, any heavier liquids within the flowing column stop when the well gets shut-in, and then they simply drop out to bottom, and this leaves the production string only with gas from top of reservoir to surface, and that can transmit the reservoir pressure and speed or replenishment quickly and accurately.

So even if the pressure hits the "compressor" limitation of 17.5 barg, then they either have to choke back a little to reduce the amount of liquids being produced, which lightens the column of flowing gas to surface and increases the surface pressure. OR get on with the velocity string change out/s, which will give them higher surface pressure as the velocity string has an easier job of lifting liquids out along with the driving gas.

Basically, if the field produced NO liquids, then the flowing surface pressure today would be well over 50 barg, so it is as always is with ANY hydrocarbon field, a constant effort through various methods to maintain or lower flowing column weight and keep the gas flowing as cleanly as possible.

And I will add Paddy,

That I have ALWAYS been behind the general aspects of SLBY, and I believe Angus actually did an amazing job, be it with some second hand equipment, to firstly come up with a workable plan to re route gas to sales from SLBY, and create a fully working micro refining/plant in field, to enable secondary extraction from the depleted field.

On paper it should have been running in profit (debt free) by now, but that was in my opinion, deliberately undermined with crappy deals, lies and poor execution/management decisions, and it is still being undermined.

Therefore SLBY remains nothing more than a payday producer to keep the lights on at the offices, and it will be like that for the foreseeable.

Paddy,

There is no good cop, bad cop, but I don't disagree with everything WG puts out, OK some of it I find a bit aggressive/over baked, but some of it I actually agree with.

I really don't care to spend my time simply throwing eggs at each other, filling the board with omelette, it is far better to generate "some" discussion be it good, bad or damn right ugly, many have issue with HITS, personally I don't, again a little aggressive/over baked on some of it, but the general context is correct.

As said many times, it isn't generally the good news/info that hurts your wealth, it is the stuff many Pi would rather not see/read that does. Ignore it at your own potential peril.

Interestingly watching the ask being worked up quietly, no justification for it on under 7m volume for the day.

In fairness WG, I don't believe it is lowering pressure related as to why the field production is down, it is extremely likely they are having issues with the integration of B07T,

Meaning B07T has NEVER flowed "directly" to the field plant and separator, since the well went into production it has "always" had to flow firstly through full well test package and then through a reduced well test set up of well to welltest separator, which basically cleaned up the flow to only send separated, clean dry gas to the plant.

They had issues with the liquids/condensate coming from B07T, in that it failed to meet the grade for commercial sales, which may be a result of remnant muds & particulates contaminating the condensates and compromising the quality.

Potentially, they may well be suffering somewhat from some associated unwanteds mixed in the flow from B07T, and the problem with that is B07T liquids & unwanteds are mixing with what is flowing in from the other two wells, and that then contaminates all the liquids.

The only way they have of reducing that effect would be to choke back B07T to a point where less liquids & unwanteds can reach surface, and therefore reduce to contamination to the total mix to a level where it is still gradable and sellable.

Just my industry view on the most likely reason, the downside is if that is the problem then it will take far, far longer to get B07T to full tilt and flowing cleanly enough to be acceptable.

SOOOO they got rid of the welltest temporary separator for B07T, when they completed the new permanent flow line, and now they cannot keep the flow at full tilt, as it "appears" that they need to choke back on either B07T or A4 to lower the liquids & unwanteds that now HAVE to go through the plant system & separator.

If it turns out this is going to go on for some notable time then they likely would have been better keeping it on the temporary set up to keep max gas flow to sales, they save on welltest service provision but now costs what ? 10% of gas flow to market at the most important time of the year.

""It's as though some people want this company to fail."

Hully,

It is more about how the outfit has totally disrespected the Retail market, and simply played it out for years to keep themselves in the lifestyle they are accustomed too.

Now Retail (Pi) have had enough of the borlocks they spout and the well over £100 Million pretty much thrown down the pan for no retail reward, so it is more about wanting to see the leader fall from the horse and stop the dire games, rather than seeing the actual company fail.

Could well be all part of the "storage" play too WG.

Meaning if they can swipe it away sooner than later, then the field reservoir pressure will remain at a modest level for pumping in stored gas, if Angus simply keep draining it down to rock bottom levels, then it would simply end up too low to start storage of gas, meaning the baseline has to be at, or not much lower than current pressures, otherwise it will compromise recovery of stored gas.

Drain it too low and they would need to pump back substantial volumes just to get the res pressure back to baseline.

I would say the clock is firmly ticking, and Kemexon have a serious game plan.

The plot thickens!!

https://www.ofgem.gov.uk/search?keyword=kemexon

Courtesy of Kansas.

Hmmm very interesting WG, likely won't turn out good for retail if this does turn out Kemexon are going for a smash n grab, well call it whatever, I would think those inside of Angus know exactly what is going on, and it may well be in their unwritten plans.

""Once he had handed over control of Saltfleetby to Angus he was always going to sell out of his position at the best prices that he could get. Anybody who thought that he would just sit and hold the money is incredibly naive.""

Ehhh, well, if PF believed that Angus and SLBY were going to add significant value to the MC/SP long term, like 3-4-5 fold, then he would have been stupid to sell anything, simply sit on his fat wad of what would be cheap shares and wait. He didn't, he clearly wanted funds and hit the selling button hard, regardless of if he needed money fast or not, that is what he did. and it can be seen as damaging, simply because it shows some lack of confidence.

Each to their own and all that jazz, but PF offloading a fat chunk at up to 3 to 4 times todays price has paid handsomely for him, and proved that decision correct.