The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://shorttracker.co.uk/company/GB00BYWKC989/
stick or twist for GSA capital?
Asher
but you have to admire our wg/ruthy on that site, she has so many screens open at the same time, talking to herself for hours on end about how terrible angus is and how it wont survive...blah blah blah.
i just hope all bunnies are kept indoors in her locality, when the sidetrack is pumping gas into the 2 compressors, they are in serious boiling danger!
seems our wg/ruthy is looking for a donation!
The group said it has instructed the law firm, Leigh Day, to examine the legality of the decision.
It aims to raise £5,000 in the next 30 days and later an additional £30,000 to cover potential legal costs.
here is a question submitted by one of the merchants of doom in jan 2020, i am sure you can guess who she is.. You can judge for yourself who got it right and who got it wrong.
12.a On the Saltfleeby presentation, you have based your figures on producing 5 mmscf/d (million standard cubic feet per day or 50,750 therms/day – the figure of 5.5 mmscf/d referred to transportation charging) citing that this was what produced when field last produced in December 2017. Could you please explain where this figure has come from? The OGA Official figures for Saltfleetby are as follows and are in mmscf/d (taken as averages for each month) Jan 4.55 Feb 5.08 March 4.39 April 3.46 May 4.86 June 1.53 July 2.97 Aug 0.56 Sep 0.00 Oct 0.00 Nov 1.19 Dec 0.44 – giving an average daily production across the year of 2.5 mmscf/d. If you allow for your 15% fall yearly that would become just over 2 mmscf/d. The condensate is also a fraction of your figures.
Both figures are entirely to be believed. Production at Saltfleetby shut down in December 2017 some several months before Theddlethorpe terminal formally shut down. However through most of 2017 the main compressor at Theddlethorpe, which was newly installed, suffered teething problems which eventually resulted in it being taken off line in August. When it was restarted in November, production was self-limited whilst the machinery was undergoing testing. The problems with the compressor were well known to the many staff and contractors who worked there or supplied gas there. Saltfleetby well deliverability, or the measured combined capacity of the two producing wells to flow, exceeded 5 mmscf/d throughout 2017. That’s to say the wells produced 5 mmscf/d on the days they could actually be operated and the compressor was functional. Since the Field was shut-in at the end of 2017, the reservoir pressure has equalised by a significant amount and locally increased, so the actual deliverability now will exceed 5 mmscf/d. The condensate production forecast is based on the average condensate gas ratio for the year preceding the shut down. We will have our own compressor on-site at Saltfleetby going forward!
you should have been here in march 2020,
the sp was at 0.45p,
SFB was years off,
all the oil assets were applying for planning permissions at different stages,
we had the merchants of doom predicting negative gas prices etc etc
3 years on,
'poundland' is pumping,
making over 1 million/month now.
looking to multiply that within weeks.
Balcombe back on
Brockham portland reperfing on the horizon,
they may even do something with lidsey.
all the ducks are lined up, and still the merchants of doom are predicting the end.
you gotta love them.
:)
It's been a bad week for our Ruth/WG
And on top of that she looked ridiculous dressed in all red, outside the courts the other day!
Unhedged gas flows coming up, waiting for the Balcombe timetable and maybe an interview with Richard H?
https://drillordrop.com/2023/03/02/saltfleetby-sidetrack-completed/