Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
The only way in my opinion is if the hydrostatic pressure is way higher than the formation pressure and if so it a pretty serious miscalculation . Obviously the formation does not need to be broken down or contaminated.
Without the full facts its difficult to make a proper judgement of course.
ddboy
Mirasol they should know exactly the amount of fluid used. Measurements of everything that is run or used in the well is standard operating procedure. Fluid only disappears if there is lost circulation in an uncased borehole . In a perforated cased well it is most unlikely to lose fluids. IMHO
ddboy
If they "lost" completion fluid to the formation it means it was overbalanced. Circulate the fluid out and lighten it to allow the formation pressure to balance or underbalance to get it flowing.
Well dynamics are basically simple and not rocket science.
ddboy
I personally feel a bit more optimistic after the RNS.
It is worth remembering that compared to large oil and gas wells people like me have worked on that this is on the lower order of volumes.
But in context it is still very important as it is low cost, low impact but in a strategic area and close to facilities which can use the product.
Large volume / pressure wells can be cleaned up fairly rapidly due to those characteristics and may be under less scrutiny than our portfolio which is situated in a highly visible part of the country.
Just an observation and i am getting more relaxed about my investment.
Ciao from the patio ddboy.
A dreadful cess pit of a chat board this has become. Drivel -nonsense-ramping and rudeness.
Thank goodness i dont rely on you idiots to drive my investments.
Get a real life and look at the SP...thats the reality of Good old Dave and his sycophants on here and else where.
Thank goodness i am still ahead .Just !!
ddboy
Well done Heid that was an interesting report and it certainly seems positive for the area. We of course need to prove up our resources and if we can the SP will take care of itself.
Isnt Jim Ratcliffe an ex Beverley schoolboy !
Local boy makes good its a great tale.
ddboy
Always finds a way out. Human nature. I am concerned about the pace and lack of any coherent information.They are all supposed to be a team and a nerve steadying RNS wouldnt hurt for sure.
When something smells fishy ...you know the rest.
Personally still in profit here so hanging around a bit longer to see if the fish smell turns into potpourri.
ddboy
Nearly all companies on this AIM market seem to treat their PI's with contempt.
Many post about good old Dave and we know he is constrained on what he can say by the partners but a simple factual update is surely not much to ask....or is it ?
That we have equipment delays !!
Up the road we have in Aberdeen one of the biggest supply bases in the world for oilfield equipments.
Hot shot freight is bread and butter in the O/G industry.
All seems a bit strange to me.
When working in Italy i had taxis delivering special drill bits to the site in Puglia having driven from Belgium and in Mauretania directional motors being air freighted from Aberdeen on a fish flight which made the equipment stink of sardines.
Oh well anecdotes aside it will be there when it arrives !
GLA ddboy
Stop being silly please. You and I know nothing because we have been told nothing.
We all want a positive outcome but the reality is the market doesnt like it, the companies are saying nothing. The conclusion the market makes is that there is nothing to add value.
Most on here know sod all about the Oil and Gas markets but post as if they are experts.Anonymous posters mentioning heat haze, truck movements and drone shots are suspects in the daily drivel.
Wait for the RNS which will come and enjoy life.
ddboy
Share / company has been ramped hugely and information about placings leaked apparently.
The basic operations of drilling and completing an oil or gas well are relatively simple and tried and tested across the world.
This is different due to location and UK rules and regulations. However this is taking far too long ; the longer a well is open the more difficult it is to complete and flow .
When something is good human nature usually means it is bragged about and its difficult to contain the information.
The market views the company via its shareprice and it is stagnant.
I have enough in here to have a pleasant surprise it the Holy Grail is below Gods county but if we dont get some facts via an RNS soonish i will probably sell and have done with the AIM cesspit.
ddboy