Member Info for Ezhik

And almost no affect on the dial. Should have done 20%.

How about a means of oil storage? (tanks) a means of gas/oil/water separation ( if there is any water). Set of valves for the wellhead--(Christmas tree). Vent/flare pipework, pipe supports, vent/flare stack - (if they haven't already got one), Tanker loading capability, fire and gas detection, fire suppressant, loss containment equipment, pressure and flow control valves, blah blah. no idea what may be long lead times--it has just taken a full 12months for our PPE supplier to provide me with a pair of safety boots that I ordered last August--they arrived last week. God help us!.

Smasher... "get the correct balance" about sums it up. They need to maintain control of the well using the hydrostatic pressure created by the drilling mud. The mud characteristics such as weight, viscosity and general components (barite mainly) are infinitely variable and are continually adjusted during the drilling process as the well deepens and different well characteristics are encountered. The general idea is to keep the hydrostatic head pressure just above the formation pressure to prevent formation fluids entering the well bore. The heavier the mud, the greater hydrostatic head. But its not just as easy as whacking up the weight and job done, too much mud weight can fracture the un-cased well sections and cause the mud to disappear into the formation--this is not good as it can fairly quickly reduce the hydrostatic head-cos the mud is depleted and then the well can become out of control as the pressure wants to blow everything up the drill stem and annulus towards the rig floor---enter the BOP, exit the roughnecks.
They add different chemicals inc oil to the mud to maintain low viscosity and high mud weight so far as possible . Heavy mud with high viscosity increases friction down the hole and can cause the drill pipe to become stuck in the well.- especially if the driller has to stop rotation for some reason and then it becomes difficult for the drive motors to overcome the resistance of the drill string against the heavy mud. So yes--- a correct balance is essential. I did this stuff a lifetime ago in the N Sea, it is but a vague memory and I am not pretending to be any kind of expert so pls check/confirm for yourself. I am now involved in building, testing and commissioning a £500m addition to Europe's largest LNG importation terminal and surrounded by enough gas to supply about 20% of the UK demand. It's a tricky business and we have to continually satisfy the regulators about safety, integrity, layers of protection, engineering standards, earthquakes, terrorist attacks, keeping the local community informed and 'at bay'. Basically, all the stuff facing TXP but in a different jurisdiction. Anyhow-soap box moment over. Where's the Sp heading short term--that's what I want to know.:)

Raincat. Good luck--maybe you will bring some good fortune to the others that have been ramping the ships out of this for the last 3 years. Best read and listen to posts by Ageos, probably the least biased --. IMV Tunisia has a more realistic future for Zen than Tilapia--it is after all very fishy! Now, I am trying to prove myself entirely wrong here and secretly hope that Congo license is granted and a partner with deep pockets is taken on to re-drill the current AAOG fc*k up. Having said that, you will learn that Zen moves at the speed of the average glacier and Tilapia if given the green light would be ages away before they erect a rig on the pad. There is (imv) more likely to be something interesting from Tunis. In the end--better to research all of the opinions expressed on this bb and then check some of the historic rns's to make up your own 'informed' decisions. With the current delay in the conference call there may just be something interesting to come out of it though but watch out for the words 'expect' 'plan' 'anticipate' they mean nothing other than dreams and fantasies.

Should be showing a nice shade of blue if they sorted out the daft advertised spread. 0.6 ish to sell. Almost at break even for me.

people punting it on other bb forums saying its the next multibagger.

Still waiting Finty

It was only N.T as the price was about to change up a point or two. Its nothing of any significance.

3000psi is at the well head, not the formation pressure which will be higher.

Anyhow, it matters not. It's a very good pressure to send the gas through the pipeline without any need for a compressor station.

Good pressure, 3000 at surface is perhaps slightly high. Gas will surely fly through the pipelines :) and long may it last. We distribute gas through the transmission system in Uk at up to around 85 - 100Bar. 1 bar is 14.5 psi near as dammit. 3000 psi divided by 14.5 is over 200bar. Tbh, I'm not sure whether they may even need a pressure let down (PLD) skid in the system. I say transmission in the uk, not distribution which is a piddly 7bar.

They have a zippo on order to light the flare for test purposes but there is currently no gas available in T &T to fill the lighter.

Just for amusement:
From the I.G website under the heading 'Share price definition'

What is a share price?
A share price – or a stock price – is the amount it would cost to buy one share in a company. The price of a share is not fixed, but fluctuates according to market conditions. It will likely increase if the company is perceived to be doing well, or fall if the company isn’t meeting expectations.

S'pose this satisfies the question of whether either of us has done any research. As basic as it is.

Price of a share is what you can sell it for if you are holding stock and what you can buy it for if you are looking to buy some. mid price is pretty meaningless really. Tight spread, then mid price is an OK figure, more than a couple of %, is no use.

Shhhh, and my £1.50 profit has now turned into a loss again.

5% is less than inflation !. no shares issued, it's not relevant whether the SP is 5, 10, or 20p. This is part of the earlier agreement announced in May and should be no surprise, disappointment or indeed excitement either--its just cash required to keep the dream progressing, when they run out of cash they will need more to keep going until such time as the project opens up, MDA and offtakes are agreed and the big digger starts scraping dirt. If we are all still alive by then then jolly good.

Short term loan at a favourable coupon, no free shares associated with it, very good deal, cripes, inflation is worse that the %interest!!. . Expecting positive developments before the 2 year term otherwise more of the same until the project is cracked open and on steroids.

Another tranche of this from May:

"CoTec will invest £2 million (C$3.2 million) into Mkango by way of a two-year, unsecured convertible note ("Mkango Note") with 5% interest, convertible into Mkango shares at 27p each, providing Mkango with additional working capital as it advances financing discussions for the Songwe Hill rare earths project ("Songwe") in Malawi and the Pulawy separation plant project in Poland"

trouble is, the SP needs to 3bag just to return back to where is was 18months ago before it increased production. Shocking performance based on the achievements.

Yeah, pretty poor on the comms. We have no confirmation that there is gas in the line let alone optimising anything. No news usually means problems encountered and being resolved. Patience thin.

Corpse lol. What exactly should be a simple task? Paying the bar bill or oiling his pipework?