Member Info for Bubblepoint

Between Singhie & BV, it is more like the ferkin Beavis & Butthead show, what a total load of carp, barely an ounce of sense between them and turned the forum into some kindergarten playground.

Anyway, lets hope Angus meet their obligations while they run at half tilt, the LOST PRODUCTION REVENUE is stacking up to be a fair old chunk of change.......

Where's the next 🌈 🤔

It is obvious, he laid the ground works for it in the last Turkey update, more seismic, and a drill somewhere else, in the hope of poking the end of that rainbow accumulation, though I doubt they will be smart enough to trace the possible seep path to a glory hole somewhere, and it will be another $XXm squandered and 10 billion confetti shares added.

Though I recon he will do something like a 200/1 share consolidation before he raises.

Baits,

I know very well what temporary pipework (and separator) they were using. The temporary pipework is JUST welltest pipework, no bells & whistles to it, it is the production tree and the plant end that provide the valves, and additional points of access, again nothing special, just part and parcel of most of this type well etc.

Bells & whistles !!!! Nope, what I mentioned is pretty much the norm.

If Angus went "cheap a55" in some areas and for some strange reason need to shut part production, then they are now paying a heavy price for that through lost production while prices are rising. It would not surprise me either, as it would be on par to some of the not so smart & highly costly decisions & directions gone to date.

Really none of this matters that much, as Angus simply do whatever they want with little consideration to shareholders and the effects of their actions, so simply suck it up !!!!

I can only assume you have taken a chunk on Baits, since you are so "pro" on futures prices and convincing yourself that the worm is going to turn, All I can say is ermmm good luck.

Baits,

10's of 1000's of wells in similar type fields have various surface wing valves, isolation valves, diverter valves etc, along with diverter pipework, bypass pipework, which is not unique, much of it is standard type setup.

It is the same when a well test is done on a production well, it connects to the live, flowing well via a wing valve, and flow is diverted through and the original flow line shut off for flow to the test kit, and switched back once complete.

The pipework from the well to the plant will almost certainly be connected to a multi well manifold, with additional capped and valved input points, that can be utilized for diversion or for connection of another well for example.

As they had used well test pipework and almost certainly an additional separator during this period, it will also almost certainly have used one of the wing valves to do this, they can connect new pipework to the additional wing valve/s on the wellhead while flowing through the temporary, until it is all connected & tested in isolation.

This isn't some dreamed up sheite, it is extremely common and standard. So yes, they can flow while doing the work.

Bubblepoint: Which well is the primary contributor to the condensate?

A4 well FACT, anything else you want SAinghie. pathetic

baits,

don't try being a clever ****, it doesn't suit you. i have not said anything is fact regarding the low rates, as per my post, the point was that singhie is putting his point as though it is a known fact, which is impossible.

***ONGOING MAINTENANCE WORK ONLY TWO OF THE THREE WELLS ARE SUPPLYING GAS AT PRESENT***

REALLY Singhie, you know that as FACT ???

I don't think you do, what if they are simply choked back on the 3 wells to flow at a higher surface pressure ?? that then significantly reduces condensate/liquids production, likely by 2/3rds, maybe they cannot get the stored condensate offsite right now, refinery or trucking or plant issue ?

EXACTLY,,, you don't know, so stop putting such stupid, guess comments in your posts as though they are fact, fact is they are far from it.

As with any of these "false dawn" price movements,

If you cannot explain it, then best to trade it !!!

Meaning if there is no real fundamental reason behind it like an RNS or SOLID X update OF VALUE, then it is near always likely to come back off, as traders will happily take 5-10% without batting an eyelid.

Yes, 109, correct, as per OCT futures.

Not that it all really matters, it is more about looking at the overall trend into Winter, which should peak hopefully as high or higher than 150p.

It is logical we are above a quid now, just need a fair bit more as Angus was looking at an average of near 125p, so it will have to wok hard to meet that hope, meaning they will likely need it well above 150p for at least 2 months, with the rest still well over a quid, to balance the much lower warmer months.

Yes, but it is NOV futures, the time and date is only relevant to the trading window, as all remaining months of the year are open o trade at the same time. simply map the OCT daily on the link provided, it cross matches yours perfectly.

Ultimately, even though it is over a quid for all remaining months, it is actually quiet weak at the moment, I would have been hoping for Nov & Dec to be at or above 150p to help the year average balance better.

Https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5508886

Baits,

I think you will find your chart is looking to November futures prices, not Oct, as per the above link. Oct is 108, Nov is 117

Baits,

I do not buy into that, simply because the connection at both ends will be via isolated valve connections on the tree and into the plant, so you can connect the new pipework up and then switch over once completed & commissioned, and then isolate the temporary pipework for removal and those isolation valves are capped.

That is fairly normal and is done because it maintains flow and is by far the most economical way to do it, while maintaining revenue flow.

Look at the fluctuations in calorific values there is maintenance work in progress,

lol Singhie, which "could" also be a compressor failure, or condensate/liquids issue, or a well shut in for technical reasons, or about another 100 other possible technical issues that could cause the drop.

Similar levels of insanity, go ask him for a DNA test, probably find he IS your father lol

Ehhhhhhhhh Baits, what you on about, that was my trade yesterday, mm's obviously playing games AGAIN !!!

""All those unknown trades are buys."""

Ahhhh OK, that'll explain why it closed 3.5% DOWN then I GUESS !!! pmsl

Check with Singhie, he will have a viable reason for it, as fact !!!

""We knew they had sourced a big drill ? I did not know this - it was news to me. Yes slow coming, and yes not leading to an immediate drill but certainly news to me. Not sure if you are able to find news I cannot but this is exciting news surely and suddenly Turkey is back in play?""

Jonno etc, Mork callong Orsen !!! unless they have bought a giant Makita or something to drill the perforations lol !!!! must be very specialized as I never seen one in all my time !! lol

""My buy showing as a sell, not once today but twice.""

0752neil,

Complain to the MM's, ask em for your money back before SS makes it even less valuable !!

Hi ZXY,

I agree that pressuring up is just too risky with low volume shallowness of this well.

Also I doubt they will be able to do anything of worth with super heavy brine or some form of muds, the heaviest brine would only apply around 500 psi hydrostatic at the target depth of 283m, simply no where near sufficient to have any real focusing effect, better than nothing, but still massively short.

I also really doubt they would do this, simply because the over balance to the seeping formation behind would mean a notable loss to formation in the near wellbore, and that is also likely to trap and stop any of this dribbling seep of oil actually making it back into the well for any reasonable analysis.

I don't think UKOG is expecting much of any real volume of oil, simply because it is nothing more than a seep pathway from wherever the accumulation is, which makes it all the more delicate to get that targeted sample.

Personally, I believe if they REALLY thought this had much merit, they would have been far better placed to just use the same piddly rig as last time and drill a fresh super shallow well down to that depth, put a small surface casing in, and test the zone open hole. I think anything they do on this well is and will remain compromised, and simply gives them all the wiggle room they want.

ZYX,

The charges are the same for 4-1/2 & 7" guns, there is a small gram weight option that fits in to the same charge carrier slots, but ultimately 39gm is about the highest.

The reason for this is that it isn't the charge that is the problem, it is the distance from the perforating gun to the casing wall that causes the issue, the 4-1/2" had too much of a gap from the exit point from the gun body to the casing wall, the 7" gun puts the exit point to within about 1/2" or so of the casing wall and all the energy is correctly directed without dissipation as happened previously.

That said, I still strongly believe from my notable perforating experience, that they will also need to put on a BOP, and they will need a shooting nipple to enable pressuring up of the wellbore to generate a fake hydrostatic pressure that these charges need to maintain a reasonable focus on entry of the casing, otherwise the energy on exit of the gun body tends to spread too much and that reduces the penetration achievable.