Member Info for DoneK

many thanks Singhie.

Some Interesting Metrics 01.10.2022 to the Present for Saltfleetby Gas Output:
Therms Produced 8.130Million Revenue Generated £5.071 Million

Our resident bunny boiler Wg pipes up.

You have to admire her dedication.

We are dealing with a bunny boiler in terms of obsession.

She has been on here for over 5 years, Angus is still the last think she thinks about (and posts) at night, and first thing in the morning.

The sidetrack drilled before Christmas into the top of the reservoir encountered in January a very small fracture system which had not been captured by our seismic study. This would not have been an issue had we not been working in small bore, or so-called skinny drill pipe, as a consequence of laying 5.5? liner to secure the coal and marine band zone behind us. The use of this smaller liner, rather than 7? casing, was driven by the nature of the formation we had passed through and in turn this required us to use this lighter drill pipe.

Rather than try to clear or work around the fractured zone, as our predecessors had spent a fruitless month trying to do back in 1998, a decision was made to back up about 100 metres, mill a new window in the 7? casing, set a second whipstock and re-enter the reservoir via 6? open hole and more robust drill pipe and bits. This was also the successful solution arrived at by Candecca in 1998. This we have done and as of 31st Jan we are drilling forward in earnest along the timetable given in RNS.

In addition we are increasing the mud weight to secure each of these vulnerable zones, but using calcium carbonate throughout which will act as a bridging agent inside the Westphalian and prevent mud and drilling tools being displaced into the reservoir away from the borehole (differential sticking). In short we have more room for maneouvre and even if we are forced to use 5.5? inch liner again, we have more mitigations in terms of equipment selection and mud weight.

a few more have popped up,
this time next week Rodders...

GLA

made me chuckle that!

huddi did make me laugh,
invested cos he used to live near SFB.

https://twitter.com/angusenergyplc/status/1618173334499524608

P2

our wg has been here for years,
she is obsessed with the company.

Sp will be back at 1.65p levels.

Gla

Testing in 2 weeks....

well said Howey.

gla

At Peak success of the sidetrack and on current gas prices, approx £6 million per month.
Currently over £1m going to company and £4m to Hedger.
The uplift in gas production will all be unhedged i.e additional £5m to angus per month + condensate barrels

GLA

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5101975&span=3

https://shorttracker.co.uk/company/GB00BYWKC989

hope these shorters are not caught offside

the Delt RNS is a sign of things to come here,
hydrocarbons encountered, testing begins etc

SP +50%

At Peak success of the sidetrack and on current gas prices, approx £6 million per month.
Currently over £1m going to company and £4m to Hedger.
The uplift in gas production will all be unhedged i.e additional £5m to angus per month + condensate barrels

GLA

All the additional flow from the sidetrack is UNHEDGED.

The present drilling operations on the final horizontal section of the SF-07 side track are scheduled to resume on 5th January and this well is expected to be in testing mode in the latter half of this month. If successful, the SF-07V well is expected to supply sufficient gas volumes to utilise most, if not all, of the additional process capacity.

120bbls a day of condensate is not to be sniffed at,
before the sidetrack kicks in.

it was all quiet on here over xmas and new year,
but the board is back to its lively self,
great RNS to kick of 23
HNY to all.