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Anyone care to opine re the following as it appears the vol. is reflected in the share count in the US today. INDIVIOR PLC ("Indivior") announces that on February 20, 2024, it purchased for cancellation the following number of its ordinary shares of $0.50 each through Morgan Stanley & Co. International Plc.
Ordinary Shares
Date of purchases:
February 20, 2024
Number of ordinary shares purchased:
33,635
Highest Price per share:
1,350.00
Lowest Price per share:
1,322.00
Volume Weighted Average Price per share:
1,334.32
Hardrock, I think your comment " They do not think highly of market participants' intelligence, by looks of it" prompts me to point out that 99% of the posts on this board should be ignored (as to not be confused about reality). Frankly, your posts are the only ones that people should pay attention to.
Beet, I always have a ooops moment when I see percentage increases over previous production as a header in a news release.
Wet, POQ's negotiating abilities are great. Where I fault him is his failure to bring on a great oil man for inhouse advice and planning. BS finally showed up, and will end up owning the Beet, because he was/is the smartest guy in the room. If POQ had hired talent 5 years ago, things today would be very different.
Long, you dance around the point without suggesting the obvious. Riddle's incompetence is the easiest and least damaging answer to why no one can drill a successful economic well.
New, as you stated:
"Thanks Hardrock for posting the note about Brian Sheffield doing a solo presentation in Darwin to the Energy Club at the end of this month. This is kind of interesting due to the fact that Riddle isn't part of this Energy Club meeting -- which should have all the key Beetaloo dignitaries from the government and the affected business community in attendance." One thing you should never do is a presentation to Oil guys and try and BS them. Obviously, this leaves Riddle out.
According to Bard (and this sounds about right to me)
Tamboran Resources Limited used 500,400 gallons of water when fraccing their Amungee 2H flow. This is according to the company's EP 98/117 Operational Update: Interim Amungee 2H update and forward plan, which was published on March 28, 2023. The update states that "only 10 per cent of water used in the stimulation program recovered to date." This means that the remaining 90% of the water used in the fracking operation is still in the ground.
I wonder what their plan is to get more water out?
Good lord, they are going to throw more money at cleaning up the uncleanupable mess they made.
No matter which way things go, the one thing you can count on is that it won't be fast.
Wet, so they doubled down and did a soaking campaign????????????????????????????
New, no problem for me stop posting, and since it upsets you, I'll refrain. I will just reference this as my final point. https://www.sciencedirect.com/science/article/abs/pii/S1875510021002894#:~:text=rights%20and%20content-,Abstract,is%20eventually%20opened%20to%20flow.
My goodness, some of the searched for explanation around the lack of flaring are truly gobsmacking. No one has dared to point out the elephant in the room. Here's my new best friend, Chatgpt's comments:
I asked, cite an example where soaking a natural gas well caused a decrease in production of gas?
ChatGPT
One example of a natural gas well that experienced a decrease in production after soaking is the Pinedale Anticline gas field in Wyoming, USA. According to a study published in the journal Energy & Fuels, the Pinedale Anticline field experienced a decrease in gas production after undergoing hydraulic fracturing, which is a form of soaking that involves injecting fluid into the well at high pressure to create fractures in the rock formation.
The study found that the decrease in gas production was due to a phenomenon known as "water blocking," where the injected fluid created a barrier that prevented gas from flowing into the well. The water blocking effect was particularly pronounced in the wells that had been hydraulically fractured multiple times, indicating that repeated soaking can have a cumulative negative effect on well productivity.
The study notes that the negative effects of soaking on gas production can be mitigated by careful well design and execution, including the selection of the appropriate fluid and injection rate. However, the case of the Pinedale Anticline gas field highlights the potential risks of soaking and the importance of carefully monitoring and managing the process to avoid any negative effects on well productivity.
(Reference: McCoy, T. M., et al. (2017). Quantifying the impact of water blocking on gas production in tight gas reservoirs. Energy & Fuels, 31(8), 7871-7882.)
According to Bard:
Sheffield Holdings LP has been involved in a number of lawsuits, including:
In 2019, Sheffield was sued by the Securities and Exchange Commission (SEC) for allegedly making false and misleading statements to investors about its oil and gas assets. The SEC alleged that Sheffield overstated the value of its assets and failed to disclose material risks to its business. Sheffield settled the lawsuit without admitting or denying any wrongdoing.
In 2020, Sheffield was sued by a group of investors who alleged that Sheffield defrauded them by selling them shares in a company that was not worth what Sheffield claimed it was worth. The investors alleged that Sheffield made false and misleading statements about the company's financial condition and business prospects. The case is still pending.
In 2021, Sheffield was sued by a former employee who alleged that Sheffield fired her in retaliation for her complaints about sexual harassment and discrimination. The case is still pending.
These are just a few of the lawsuits that Sheffield Holdings LP has been involved in. It is important to note that Sheffield has denied any wrongdoing in any of these cases.
Now, you may wonder why I asked, well....I wondered if the well gets drowned via soaking, who would benefit. Being unimaginative , I could only come up up with one person.
Picture of flare in the Beetaloo: https://www.bing.com/images/create/gas-well-flaring-well-beetaloo-basin-kangaroos-jum/6458fda621344fc9ab96dbc63aa4bd22?id=BBf48pljyD9dMHuIvfzzWw%3d%3d&view=detailv2&idpp=genimg&FORM=GCRIDP&mode=overlay
new, "sp****ly populated", bit of an understatement as with a pop of 250K The Northern Territory is slightly smaller than Mexico (1,964,375 square kilometers).
The Northern Territory is larger than countries like France (643,801 square kilometers), Spain (505,990 square kilometers), and Germany (357,386 square kilometers).
Made me think of the Haynesville and SWN . One of Southwestern Energy's deepest wells in the Haynesville shale is the "Maggie 27-2H" well, which was drilled to a total depth of approximately 21,000 feet. The well was completed in 2015 and had an initial production rate (IP) of 24 million cubic feet of natural gas per day (MMcf/d).
The Beetaloo Basin, located in the Northern Territory of Australia, has been identified as having significant potential for natural gas resources. However, whether or not these resources are economically viable to extract depends on a variety of factors, such as the size and quality of the reserves, the cost of extraction, and the market demand for natural gas.
Some preliminary drilling and exploration has been carried out in the Beetaloo Basin, and initial results have been encouraging, with estimates suggesting that there may be several trillion cubic feet of natural gas reserves in the region. However, further exploration and testing will be required to determine the economic viability of these resources.
It is worth noting that there has been some controversy surrounding the development of natural gas resources in the Beetaloo Basin, with concerns raised about the potential environmental impacts of extraction activities. As with any natural resource development project, it is important to carefully weigh the potential benefits and risks before making any decisions about whether or not to proceed with extraction.
Either an Easter BBQ or burning up some trash. Early days....
I recently read an article that coined a nice phrase, namely, Australia has an economy based on holes and homes, and will most certainly be subject to inflation and the odd unexpected ripple in either sector. Basically, they have created a delicate existence which due to its narrow footings is easily toppled.
New, from my understanding soaking is a "awww, what the heck, it might help, tried everything else" approach. https://www.sciencedirect.com/science/article/abs/pii/S1875510021002894