Member Info for Clumpet

"Miton" :)
BRENT bouncing of 65 bucks

15 mins behind,, we are 27% up lol

I think you will find that every RNS will now go through the different department experts to be proofread before release.
I am expecting a bit of clarity in detail and rerate back up :)

as the fluids are comingled with gas so makes it more challenging to unload the well, clean up could take considerable time.
Just a case of sit and wait and not worth moaning anymore about

We are not the only company Miton are unloading from as they need to cough up cash for their shareholders and its already been delayed.
I am sure PH will be under some pressure so I would assume a possible update on affairs.

https://www.investegate.co.uk/totally-plc--tly-/rns/holding-s--in-company/201907291104310459H/

AJamesW.2nd, are you the original AJW?

as the FDA approval is on USA time line there is probably good chance of an intraday RNS, gla

personally i will see what the next rns brings and if not satisfying then iam on a plane and will put their heads on a block,

lol hope so, you too, sure things will improve, at least we dont have a duster

ok mate, but its no more than any other post but i do appreciate any informative info, thanks

no disrespect but 25 years in the oil game and thats your evaluation, come on what area was you working ?

Now PH is not lacking brain cells and worked in Georgia for a few years and obvously has good network, also an impressive team behind him.
I personally think the rns was deliberately written in such a way so Miton lose out as they are a forced seller.
Iam sure PH would of had some guarantees from Miton around their investment to which they have u turned?
You never know!
From the intial production rates from 16az i cant see it declining down to news yesterday, thats just too much decline, this well has heavy drilling mud in the formation fractures, could take a while to clean up, or as i mentioned a few hundred posts ago, may require workover rig back on the well and clean the zones or re stimulate, see what happens but fully expect another rns this week, gla

a lot more buys than sells in that sea of red :)

because the well was shut in we are actually lucky it never required and stimulation such as nitrogen lift to get it going, thats proves it is good and it will start producing more as the well cleans up, if there is thought to be some skin damage we have a workover rig to go back in and stimulate existing and new zones,, this is the oil game and never straight forward

Do a bit of research and you will get a better understanding on wells cleaning up.
A small start for some interested especially if you are invested in this or other oilers, GLA

https://www.glossary.oilfield.slb.com/en/Terms/w/well_cleanup.aspx

''Miton''

Drilling Fluid/Mud is calculated to be overbalanced against the pressure of the formation to prevent it from producing while drilling, all wells suffer some loses and if you get the fluid weight calculation wrong you can basically screw the well up,, this is producing so its a good sign, time will tell but i feel the production can only increase over a clean up period, gla

I think an interview will be soon too throw some meat on the bones

maybe miton sold too many are buying back in lol