Member Info for Ezhik

Just musing. If I were certain about receiving £10m+ compo I would buy the company. It's just over 3m mcap, put in a bid for 4m and the 'board' would approve it. Maybe I would wait for a 2m mcap though, then I could buy it without borrowing. I'd have to sell my house though but for 90% cos it would be worth the gamble if I had the inside track. For the andycat, it would be much simpler and he has hundreds more times the ££ I have and already owns a pile of stock so its peanuts in relative terms.

@Gemstar. Early Nov would be a good result, maybe a bit ambitious I think, but if they dont drill and just go for completion as-is then we may have something more tangible early Nov.

So you must think that once the two wells have been developed as far as they can and they have completed some form of wet to confirm or refute commerciality, the £20m at least to produce, separate and sell the gas will be coming from the gas fairy in the form of sprinkle dust. Someone has to pay for it, either from a total buyout, a partnership, a loan, or capital raise. They don't need cash to complete their immediate workflow but then what?. Mcap may well be heading towards 100m by then and borrowing may be the route but money they will need and investors they need.

Mobilise the rig.

Measure, clean and prepare the casing joints

Drill out the plug

Check the well condition (maybe)

Run the casing without killing the well entirely.

Cement the casing

Test the integrity of the cement job

Drill out the cement plug

POOH

Set up the Wireline and run the logs

Run a wiper trip ( they said)

Decide whether to drill ahead or not depending upon well condition below the new casing

Maybe drill deeper

Run smaller diameter casing (maybe 4") to just above TD this will the existing TD or the new TD if they drill down.

Cement it in and test it

Perforate the casing at the production intervals identified from the logs

Start the well test. |They will probably test each zone separately and hopefully see an increasing flow over the test period

Come back in November for the results. Other news via X or whatever medium in between to keep the interest levels up before they need to raise a ton of cash. Rudyard as soon as their rig is available from its current obligations.

Nanu nanu

Prolly drop after that IMV

See AXL rns today.

Cat. There is no guarantee they are drilling anything mate. Read the rns's and dont put words in peoples mouths. Big rig = run the casing--then check the integrity of the cementing, drill out the cement plug, circulate the debris out and take a look at the rest of the well to decide whether slapping a drill string in there is going to kill what they have or whether its worth taking the risk of drilling down. No guarantee of drilling at all but obviously its in their mind to drill down but not if it is likely to kill the well they already have.

Flawed reasoning. )

@deep110 There is no delay is there, 3rd of sept we were told 4 weeks to contract and mobilise a rig, 30th sept rig mobilising, first few days of Oct rig on site. Exactly as per the last rns.

POO stabilising and slightly up today.

From 3rd Sept. "which may take approximately a month to source and mobilise." it's only been 1 week so far, give 'em a break. Once mobilised there is plenty to do before operations start and then after they run the casing, it will need cementing and then the cement job will need testing and then it will need drilling out and then the mechanical plug has to come out and then they will circulate the well and then they will set up the wireline.

Dunno why my last post was removed, seems a bit unnecessary specially as David has pointed to his alter ego himself with the monster in the making and split shorts comments. Maybe the use of the word Green is offensive nowadays who knows what the thought police are monitoring these days. have a nice day whoever you are that removed the light hearted post.

What was it? "extraordinary high levels of Hydrogen in mud returns". "fantastic news that % increases with depth". High Nitrogen levels commensurate with Helium formation, high levels of Uranium and Thorium--the mother and father of Helium formation.

Seems OK doesn't it. Might buy some more stock, :)

The US Acquisition appears to be heading for suspension for a fund raise, HE1 50%ownership will get diluted there too. Not a good day at the office - at all.

Nope. HE1 might end up Red. They are skint

What meds are you on chatty? or are you a rogue 'bot'. lol

I.G. (Hope you are looking in) They can test the well for such things as pressure build up when the well is shut in--there wouldn't be a flare at that point. I have no idea if that's what they are doing but I'm just saying there are well tests that don't involve the big bunsen burner.

Must have been that cheap rig and crew that managed to reach TD about a week ahead of schedule without incident. And maybe the weight of the casing string would be in excess of the design parameters of the rig or the ability of the drawworks and mast to be able to pull it out if necessary or the weight and drag exerted during rotation is too much for the rotary drive to manage so they need a more powerful unit to manage the job safely.

In the meantime lets get on with Rudyard for a double whammy Christmas bonus.

What a hugely valuable post. If you think the price will be cheaper that today, sell up and buy back later. The later the better.