Member Info for Bubblepoint

No, that is simply how folk ignorant to the realities respond, the writing is on the wall, and I continue to follow what this outfit is doing regardless, as I have since the day they and other Weald oilers first started out.

I don't really give a hoot about your or other opinions of me, makes not a jot of difference in my life thanks.

31m now,,, hmmmmm placing coming anyone ??

Make that a total of around 21m dumped so far this morning at 0.025-0.026, something smells ominous

"Onwards and upwards"

Uhmmm yeah,, that's why 2 X 7m + trades went through at rock bottom 0.025p, someone loved the interview lol... or can smell the bull****

Basically a combination of pressure & depletion as they pretty much go hand in hand.

That said, if they "were" to use the field for "gas" storage, then they will not be able to go too much beyond the dew point limits, mainly because the only way to get it back over that point is to put gas back in until the pressure is restored sufficiently.

No one will want to pump shed loads of gas back in, that is basically lost to create the storage baseline pressure, otherwise they will suffer the same carp as Angus is suffering now and the gas pumped in will induce condensate as it is recovered back to surface, and the problems it generates.

Odins,

It is mainly down to when the depletion at reservoir notably crosses the dew point pressure, which they are already having to manage as they are obviously on the fringe of it with the induced condensate being produced.

Basically if they were to open the wells more, to try and flow more gas to surface, then this will drop the wellbore pressure further, that then escalates the induction of condensates at the near wellbore and within the wellbore.

You may think, hey so what, produce free gas and more condensates, but it doesn't work like that, basically the more liquid volume within the production tubing to surface, then you will quickly end up in a situation that the liquids in the column to surface are heavier than the reservoir pressure driving it out to surface and the well stalls out.

Currently they seem to be forced to manage/control the pressure by reducing the production and choking the wells back. this maintains a slightly higher pressure in the near wellbore and wellbore and reduces the amount of condensate that is generated in this area.

It is one of the reasons they need to install "velocity" strings in the wells, basically much smaller production tubing, which means the velocity of the gas travelling up that smaller tubing to surface is moving significantly faster, and that also means it helps flush the condensates out to surface easier too.

The Velocity strings could give a further 2-3 years of productivity before they are also overwhelmed and stall out.

""Buys still coming over 0.32p yet being held back""

E£hhhhh thats 4 million shares traded all day over 14 trades, that's a feeble £12k worth,, and YOU really think they are holding this back lol lolololololol 4.4 BILLION in issue mushtieee,, I doubt there is any holding it back lol

""Been buying 1m shares every day since last week""

Cmon wildtiger, you need to step up to the bar AGAIN and prop up the SP with a few more average down 1m buys !!!

""Onwards and Upwards....""

Eyyyyyyyyeeee Insidious what total carp you spout, flekin onwards & upwards at the confetti factory !!

Ohhh and I would hope they have no compressor shut down down time, since ONE compressor can easily manage the current rates, so they have a FULL compressor redundancy, switch any time for servicing etc,, good in one way that they should not need to stop production for compressor related points, but sheite that they should be producing MUCH more

Well done for what lol,

Can you not work it out,,,, the free gas production is being choked back to hold the near wellbore and wellbore at least at or above DEW POINT, they clearly cannot cope with more than 115-120bbl/d liquids, plant limitations, so until they spend a small fortune doing the velocity strings and upgrading surface, then it will only slowly keep going down.

Basically any cash generation is going to be needed, so still nowt for shareholders to be happy about, unless you like a net ZERO company !!!

Hmmm yeah, the market was clearly impressed lol

Whatever the drop, it is about equal to the decline being shown in the daily production, so pretty much cancels out any supposed advantage, unless they actually do the darn works required to counter the liquids induced production that limits free gas to flow to surface.

MISSED IT ???

MORE LIKE HE WAS NEVER REALLY ON IT,, words are cheap from this outfit !!

I see the anti oil brigade are out today.

Insidious, I don't think the problem is the so called brigade here, I think HH is actually anti oil,,,, I mean gezzzz the tanker is almost consuming as much as it produces to take it out of HH.... AND the water cut !!! well it won't be long before it is surpassing 70% Water cut then Donkey Hill will be no more !!!

Not quiet the latest prices, but GAS still wins out above all other heating options.

Efficiency is what they are selling heat source pumps on, but as ZXY notes, because the electric KW cost is 4X gas then it still loses out on cost. Gas wins every time until they can bring the retail price of electric significantly less than today.

Heating method Efficiency (%) Annual energy use (kWh) Cost (p/kWh) Annual bill

Gas boiler 95 11,500 6.04 £694

Heat pump 300 3,833 24.50 £939

Oil boiler 92 11,875 11.14 £1,337

Electric boiler 100 10,925 24.50 £2,676

Makes me chuckle when you hear this shower harping on like salt cavern storage is some new concept.

It has been something done since the 1950's, not rocket science, and Storenergy spent around half a BILLION to create Stublach caverns in Cheshire, not sure how this shower could even afford the fencing for the site, nevermind the actual works to create the caverns, which takes some considerable time to circulate and dissolve the salts & circulate out to create them.

Just one of the grand master of disaster's pipe dreams to keep his lifestyle he is accustomed too.

Was it a good SATURDAY night last night mullins ???

Well that was an ermmm exciting day ehhh, 8m shares traded, £30k worth, from 4.4 billion in issue, topping up/averaging down is all well and good, but the reality is it ain't what you pay for em really matters, it's what you can sell em for !!!

Well yes they have "steadied" the ship but after 2 years of what I consider the "honeymoon" production of the constant decline rate, then overall the results are very underwhelming, god knows how the cost of potentially 4 new wells is going to be covered and what kind of upside that could present, but in my eyes it looks borderline, meaning if your going to spend what ?? up and around probably £20m on 4 wells plus all the surface requirements, then even to reach breakeven from the new production would take forever, and that is not taking into account the further decline from existing wells/reservoir.

I don't see much growth potential at SLBY, just extended life to keep a pulse, probably until Trafigura is paid off, and then how are they going to fund buying into or taking on these supposed "new" organic & inorganic" opportunities without placings to do so ?? Think the writing is on the wall for that.