Member Info for Bubblepoint

Still pretty grim though HITS, it was 9.5mmscf/d 14 months ago, and today we are around 6mmscf/d, that's around 35% lower, it will be a costly battle to get it notably back up, and that is why it is so borderline for any retail benefit. It will just do what it is doing now, and keep them all in a job.

Ocelot,

Of course it is "being" developed, they have NO choice if they want to continue production of gas. simply states the obvious.

But it should also be clear that whatever they apply to the field to help counter "liquids" issues, isn't a solution that simply solves the problem indefinitely, it simply kicks the inevitable can down the road a bit, the main problem with "solutions" is they are ALL costly, and finding an economically viable option is very difficult at this stage of depletion.

SAS,

Gas is not the problem for the field, the killer for any gas field is liquids, and in SLBY case, the more you try to draw down on the reservoir, the more you induce condensates/liquids, the more % liquids you have to try and bring to surface with the gas, then the heavier the column in the production string, which simply results in holding back more and more gas from being produced.

It is why they will have to install velocity strings at some point, as they are closing in on that "stall" window, so introducing a smaller bore production string means you produce through it at significantly higher velocity, which in turn helps drive out the liquids to surface too, this simply delays the eventual stall, sometimes by months, sometimes by years, but the end result is decline, decline, decline.

As for any gentleman's bet, the field will likely never see 9.5 mmscf/d as was being delivered when they initially cracked open the sidetrack to add to the field production. currently they could even go to one compressor with what is being produced, and even if they did manage to revisit 9.5mmscf/d, it would be for such a short spurt that it isn't of note, as that would punish them with lower rates after such a spurt... pointless and not how you deal/manage a significantly depleted gas field.

So, the usual start up surged production then slowly tapers off, nothing to see here !!

Its just LOL, pipe dreams, distraction from their past horrors. The only thing they are good at is running the confetti factory at full tilt.

Ocelot,

it is the same with Broadford Bridge etc,,,, they simply fail at everything they touch, and have squandered over £100 million of investor money in that process.

Don't bother spinning the Portland carp, it is simply their latest sideshow bob, it is what they do and how they keep their very expensive lights on.

Its amazing, UK OIL & GAS, an outfit that WAS supposedly committed to delivering hydrocarbons and squandered over £100 million to deliver less than 30bbl/day, NOW wants to effectively abandon that baby and distract with some pipe dream Hydrogen borlocks that they couldn't even afford the fencing for, never mind the 100's of millions needed to develop such a site, and at least a decade would be needed to get such salt caverns developed to act as storage.

A bug fat distractor to try and move the focus away from all their previous disasters and lame efforts.

As ever, any donut can buy, the skill is knowing when to dump em,,, regardless of if in profit or loss, Adrian's £2.5k worth for 15m shares might give enough for a macy D or a pack of special brew for the weekend, but then again !! I suspect he will hold them for the £1 hydrogen party lololol

Ocelot,

You expect, but actually don't know !!

Adrian, PPP is almost as dire as this outfit, as said, the ONLY reason for the uplift is because the world is breathing a sigh of relief as Laughing Leni relinquishes responsibility of some old watering out wells, not too dissimilar to Donkey Hill...

Ocelot,

It raises more murky questions than it answers, they didn't "suddenly" acquire a billion shares via the open market, and they didn't declare anything on the way to 12% holding more to this story than meets the eye, as said just adds more murk to the already VERY murky waters of this outfit.

BBC = Comedy Gold !!!!

As for needing NT to buy shares, that is simply them needing to do sanity checks first !!! no one in their right mind would openly pay for these lolol

Time to buy in YOUR view PMSLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLl

Lemmings !!! say no more lololol

TH2,

Are you totally stuuupid,,,,, it will take at least a decade JUST to drill and then wash through to create such salt caverns, and then there is the small issue of funding it for such a venture, Storenergy spent a measly half a BILLION creating what equates to a modest salt cavern storage in Cheshire.

This shower has already spunked £100million on next to nothing, you think anyone in their right mind will back them lolololololol PIPE dreamers.....

Ahhhh those pesky infamous MM's lol,,,, what a crock of carp you spout lololol

BBC,

Your posts only go to show your level of amateurism, the WHOLE point of NOT buying all in in one go is to ensure you can still take advantage of days where price is lower and that serves to continually alter the overall average.

Is my average above todays price on char, marginally yes, but that is perfectly OK, it is EXACTLY why I accumulate over a specified length of time well before the events I am accumulating for actually happen. I know it is hard for you to absorb such a logical strategy, but heyyyy I tried.

As for posting here, well UKOG is actually one of my best baggers from the early days of HH, oddly I did EXACTLY as with CHar, accumulated a shedload early on at a penny or less, and sold them at 7.1p missed the highs but it is OK, and I have traded this and many others multiple times intra & daily, thing is YOU will never truly know if I hold or not, on ANY stock, as with many posters here and elsewhere, what they tell you on a faceless forum is often not actually the fact... but I suspect you are ermmmmm one of them that actually believes what most folk post right lolololol

As for posting on forums, I actually trade MANY stocks, sometimes daily, and NEVER post, just "some" that are of posting interest to me, such as some of the Weald oilers, close to my heart, made very well out of them,,, oddly doing EXACTLY as I am doing with Char lol.... and I stick pretty closely to a well defined exit strategy that I almost NEVER deviate from.... it is called trading discipline, though I know that will swiftly go over your head lololol..

As for posting, well I see nothing in the rules states YOU MUST OWN stock to post, I also don't see your name as an administrator either,,, so unless you are the secret LSE squirrel police, then I will continue to post as and where I please

My lifetime gains say a VERY different story BBC, you may well be a hit & hope punter, I don't, the focus of accumulating over months is to ensure the optimum average BEFORE events... ner mind, I know my words are wasted on your ilk lol.... not that it is of any concern of yours, but I would say you punting this shower of carp says more about your ermmmm skill than anything lolololol

It is EXACTLY the same early accumulating that made me a small fortune, here, in angs, in the falklands runners of the day and a few others along the way.... more a strategic approach rather than your more hit n hope play lol..... but hey,,, a profit is a profit,,, I hope you spend it wisely, but I doubt it somehow lol