Member Info for Bubblepoint

Hi HDT,

in reality A4 well sweeps well down into the lower reservoir before they managed to get the directional drill to run back up to the upper area of the reservoir, this means that "banked" condensate from all wells, (this is condensate that is induced in the near wellbore and isn't drawn into that well and produced, it simply permeates down to the low side of the reservoir and is banked) is produced along with dry gas, and thus contributes the most condensate and why Angus is planning a high velocity string for this well first, to ensure it can keep on lifting the condensates out.

They could select say A4 to act as a lift well for all banked condensate, but in reality they really do not need to do that. The solution that Angus is planning is actually the most sensible, being high velocity tubing.

Angus has more than enough old well production profile data and new data to know more or less the exact window where they need to start switching to high velocity production string/s. They have a decent plant separator built in to handle it, and more as it increases over time.

The increase is not necessarily an issue for the separator, it may be that they need to add more site storage to enable steady tanker movements to take it to refinery.

There "may" also be an option for Angus to leave the original production strings in place, so for example, if they have 4-1/2" production tubing in the well, they may be able to simply run say 2-1/8" or 2-1/2" coiled tubing down within the old production tubing and then cut and hang it off, giving them a clean & jointless high velocity tubing solution, which is also significantly easier and cheaper to do.

Or they would have to pull all old out and run new jointed tubing of that size into the well, that would take much longer and be significantly more costly on operational and lost production revenue.

High velocity tubing will help bring the condensate up with the gas more as a heavy mist, rather than heavy slugs of liquid, the smaller tubing size (much lower volume capacity) simply makes it to high a velocity for a slug of condensate to form, and this will help to keep both dry gas and liquids flowing strongly for much longer.

Bubblepoint:

""Planned maintenance could include a variety of works related matters,""

Singhie, A BLOWN COMPRESSOR ENGINE is not planned maintenance, or new flow line, dress it with whatever you want, but there is nothing planned about that.

Maggoooo,

I will give you a little experiment you can do at home, go find a piece of pipe, any pipe, a meter long or so.

Assume your lungs are the reservoir, it has a limited max amount of pressure that you are able to blow.

now, hold the pipe vertically and blow up it, easy isn't it, almost zero resistance, that is because the density of the air column in the pipe is more or les the same as the air you are blowing from your lungs.

Now, this time take a deep breath, and fill your mouth with water, put the pipe vertically into your mouth and push the water from your mouth into the pipe, and then try to continue to blow that water up to the top and out of the pipe.

You will find it has notably more resistance, it is harder to blow the air from your lungs up the pipe, that is because the combined density of water & air is much higher, but your lungs only have that limited blow pressure capacity.

The more water you add into the pipe column the harder it will become, even to the point you cannot push the water up the pipe, the same in a well, the gas will stop flowing, surface pressure will be almost zero, but the reservoir (like your lungs) has decent pressure, it is simply trapped from escaping.

This is similar to the reservoir pressure acting on ever but slowly increasing amounts of condensate being induced at bottom of well and near wellbore reservoir. the more condensate then the harder that reservoir pressure has to work to send it to surface.

How can you help improve that scenario, because at some point the liquids will eventually make it too hard for the gas to push up from reservoir to surface.

You can remove the original production string (pipe) out of the well, and replace it with a much smaller one, this doesn't change the density in the column, but it does change the velocity that the gas will travel up the pipe to surface, and in doing so will keep flushing out more condensate in the process.

It is similar to hosing down your pathway with a simple hose pipe, and then trying it with a pressure washer, you are still using the same amount of water, but the velocity is significantly higher.

The ONLY people being dLks are those that don't like reading reality, and only want fluffy posts, with false positives etc.

If you don't like reality then you know where your filter button is !!!

Maggoooo

This is not relative to SLBY, and the historic dynamics of it's production profile are that of most other typical gas type fields around the world, and it continues to perform EXACTLY as per those typical parameters.

Sooo I would say you can put up whatever ermmm "study" you want, it won't change the forward production profile of SLBY, FACT.

Now back to your google armchair, and do a little more research, there's a good lad !!!

Hows them gas futures looking too ???

Maybe you sue a different forecast to reality, but to me it looks VERY weak at the moment & through to end of year, compared to what was hoped !!!

Baitsy,

I am actually NOT wrong, they have 2 separators running, one in the plant and one on B7T, so no liquids & Unwanteds are flowing into the plant from this well, and the condensate is an average, so when they choke back, even by as little as 10% from optimum flow, then you "can" decrease condensate/liquids to surface by significantly greater %.

We know the 3 wells were doing 200bbl/d as has been previously RNS'd, so it makes sense that they have produced less while they have associated ongoings on site.

What you seemingly don't seem to understand, is that the fact they are producing modest condensate is clear evidence of the depletion of the reservoir being at that critical window of dew point, and it is also fact that it will continue to increase as pressure declines further below the threshold. Fact !!!!

Baitsy , Singhie,

Hows that ermmm New flow line installation going ??? responsible for the low flow ??? NOPE..

Compressor failure. As said stop making out such ongoings are fact when you don't know, put it as possible, but trying to lead other poor posters down your garden path is simply disgusting lol

OBZ,

If you cannot make rational decisions based on an understanding of what you plan to invest/punt, and fall victim to being spiked or end up sitting on a fat loss, then the only person to blame is in the mirror.

Don't be so amateurish to start spouting that knowledgeable posters who provide a lot of industry guidance are some how responsible.

I will ALWAYS work my stock realtime, you and others want to play the long game then get on with it, but EVERY ail stock is a rollercoaster journey, don't blame me because the coaster car is stuck in a trough. Go speak to the people responsible for providing investor upside !!! pmsl

Baitsy,

You assume it is related to the "new" pipework, it could" also be related to having to reduce production too, and by doing so, they produce less condy/liquids to surface. They were already at and above 200bbl/say which was far more than they originally anticipated, hmmmmmmmmmm

And the new pipework may well be being put in place, but that then removes the well test separator they were using to take off liquids and unwanteds from B7T, removing that from the line then means the original plant separator has to take and deal with everything, maybe it is still too high, maybe not, we don't know for sure, you definitely don't know for sure, but whatever it is, it is taking a LOT longer than it should take, and it is costing a fortune in lost production and much needed revenue.

Sleep well Baitsy,,, lol

Well Baits,

I Have said many times that these wells are flowing at the boundaries of the dew point, you say how do I know, well again, as said numerous times, the condensate is a product of production at sand below the threshold, A4 produces the majority mainly because of the depth and profile/path of the well, which is also collecting much of the "banked" condensates/liquids that are induced by al 3 wells and "some" sits in the lower reservoir "banked" where A4 is intersecting and collecting a proportion of that.

The more condy/liquids each well produces, the lower the pressure to surface, this is because the producing column of gas is slowly seeing more condy/liquids also coming to surface as a mist or slugs, the column is increasingly heavier which results in lower surface flowing pressure, and at some point it will increase the amount of condy/liquids also being induced near and at surface.

The reservoir pressure only depletes on its normal rate of decline, but surface pressure is directly influenced from the column being produced.

This is why the company is talking about "velocity" tubing, this is a method used where the production string is a smaller bore, and that increases the flowing velocity of the gas and liquids coming up from the reservoir to surface, and helps to stop the liquids stalling the well out.

I don't expect you to understand that, or even want too, because you ONLY want to see & hear what suits your position, but it is fact, it is happening and that clock never stops ticking. FACT.

BUT also as said many times, the deeper they draw down the reservoir, the less suitable it is for gas storage, it would only be of use for end of economic gas production, to then use it for either Carbon disposal, or Hydrogen storage which has a different dynamic in such storage and recovery.

You want your cake and eat it, but unfortunately that is not the reality. Anything else ??? Just ask !!!!

Pmsl Baits,

Absolutely not trying to scare anyone, why would I. it isn't Pi that really shift the dial, so you are talking total borlocks.

As for the storage, you "think" it might be good news them working on it at this time, obviously your welcome to YOUR view, personally I see it as WAY to early, and if they feel the need to be processing such storage already, then production outlook must be shaky.

Anyway, you got a filter button, blinker me out if you son't like REALITY. but I will be posting here for a LONG time to come yet !!!

In fairness Walkman, if you did make ANY trade and a profit, then well done, ultimately that is what anyone playing stocks long, med or short term wants.

I always say on any oddball movement, if you cannot explain it, then trade it, as it near always comes off again.

Baits, Pathetic, you should read your OWN posts lol.

Anyway, hows your ermmmm buy doing,,, getting twitchy are we ???? sounds like it to me !!!

Opps. add another bottle of White lightening into the Walkman shopping trolley.... he's on a roll lolol

""3. Significant interest in storage facilities and update by year end.""

TC, be careful what you wish for, as said too many times now, IF they somehow turn to storage at SLBY, then that is the END of production of the reserves remaining at SLBY, meaning that revenue stream ENDS.

I really doubt Angus is in ANY position to stop reserves production until at least ALL debt is cleared.

Personally I would not be wanting storage updates for at least 2-3 years.

OP, I was trying to be a little kind on the numbers ;-))

It was more to highlight how many times this has X fold from the start, to now, which would be bad enough if it was without debt.

But, then it would now only cost one fold from today to clear all debt and be banking revenue, OK yes, it would also hit the 8% royalty too, but then also the reality is even with no Global financing, the higher daily production would service and clear debt by the latest mid summer.

I am sure if they held a poll with options, many or most would say hey, do nothing, clear it by Summer and forget the GF, or more dilution, this time next year they would have a healthy bank balance building for further developments.

That said, I think Angus themselves want the £20 million GF, because now they have diluted to reduce over £3m of that, and it simply just continues to undermine the SLBY returns to Pi. While they keep paying themselves for the foreseeable and proposing their next big spinner, which will result in a big longwinded story that will be milked along the way.

But by simply clearing the debt through revenue, and sitting quietly while that happens means it is also a little to clear to see where it is all going, muddy the waters with other stuff and they are on the road THEY want to be on.

Some prefer to see posters who are trying to establish what the "unwritten" or "between the lines" means for the company, as derempers, greens or whatever, the majority of these type posts simply are not.

I, and I am sure most others would simply love to see this double over night on some mind blowing great development, and for everyone to have some opportunity to derisk or sell out with a profit.

Some folk simply want to blame some faceless forum postings for the reason the SP is on its backside, when in reality it is down to Angus, their actions, their decisions, the good, bad & ugly.

And for those who seem to think holding makes a difference, you are simply mad if you think everyone is honest about their position, or no position, that is just pointless without some evidence of that holding, which simply cannot happen.

So the impression that some WANT Angus to fail simply isn't the reality, I don't care if I am in it or not, miss a big rise or not, I trade as I see it realtime, nothing more or less, but I still wish the majority some good fortune.

Bought at 0.329. Bid now 0.0350 :)

Wow, 3% lol, another 0.01p and you will have your Aldi trolley full this week, with a bottle of white lightening to celebrate pmsl

Correction £6m to Mercuria, typo