The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Full o S***
Whitenight - why ???? cause we're idiots, go Fek yourself ya muppet.
i've drilled wells for over 25 years ya clown, so firstly the well isn't as duster, do you know the definition??? dry hole - GreyP explained it produces 40 BOPD from a poorly drilled well. so no it's not a duster.
secondly - the games not over, they'll pull the ESP, and the rod pump will get to work, but for sure we don't have the volumes they expected and I believed a few white lies spouted along the way about potential BOPD....
I'm thinking this is a tighter formation than the say, it has oil, but it needs work to get it out - get the rod pump going and see what it gives - 100- 200 a day - time will tell. but someone needs to come clean on where this data gave them 600 - 900 stuff.
Ehzik - pull the ESP, they simply don't have the flow for it to work, you mention an acid soak, I would go with that. but if you remember they used heavy KCL brine so not much of a mud cake from that Bstard to get rid of. let the acid soak and hopefully work its way into the Formation. that's your clean up .
Line up the rod pump, and let's see what type of flow that will give us. we might find that we reach the 150 - 200 mark... but all that BS about excellent permeability and porosity, someone needs to answer that nonsense - and if we think back to not long ago, they went with perforation gun and wanted to fracture the formation - Why?? is it because its tight...
C'mon Beacon give us some honest answers here - so far it a case of fail after fail....
GP absolutely spot on - flow rate not sufficient enough for an ESP, reason it’s stalling out
So pull the ESP, connect rod pump and maybe an acid soak, but get the rig off the books and cut out any further costs
GP, someone needs to come good and explain this 900 mentioned last year - I'm of the opinion that was all smoking mirrors - fekin crap in other words
Kevin - I told you the ESP was in the round and I heard that they had a few issues with - but that story still has to come to an end - get the rig off site and sort this bstard of a ESP - but by christ are we dealing with amateurs here ??
Have you ever felt you've been fek'd over - but let them demob the rig - and see what they can come back with, but I have to say - aaaaargh !!!!!!
100 balls hit and now sitting with a very satisfying beer 🍺 nice 24 here in La Manga and little windy, but I'm so relaxed and excited about next week, and just checked the numbers for today - it says it all - have a great weekend folks, and I'll catch up on Monday - cheers
Vol. Sold 21,459,075
Sold Value £11.50k
Vol. Bought 224,933,110
Bought Value £124.10k
Matt the oil business is small enough that there's all ways someone that knows someone that knows someone, that's close to the action, so lets just say a little bird told me - but we should be flowing over the weekend - early next week for results if the good lord plays ball 👍🏻have a great weekend - I'm off to the golf range then a beer 🍻🍻
Let me put Slave2Trade BS about 3 days flow to bed... the well wasn't flowing yesterday - so it couldn't be for the last 3 days.
that I know,
Slave I believe your trying to say that the well has been flowing for 3 days without the need of artificial lift - its that correct??
Heading north 🎉🎉🎉 champagne 🍾 on ice
Kevin - just wait for the RNS chaps, and you'll hear all about it .... slight chance of a late Friday afternoon RNS about operation being completed, would be nice for Larry last day before moving into a non - exec role.
if the RNS doesn't come this afternoon, we'll most certainly be busy reading it early next week. patience my friends - nearly there.
That's my £5k top up
Right own up - who is the idiot that recommends Ads123 post - I thought a village could only have one idiot
Another £5K bought at 0.0530 - an absolute steal, the works done and the ESP in the ground for the tea lady tells me. stand by 👌 for take off
Hms 68954386 - you’ve obviously enough for a bottle of vodka - whitenight “balanced view” what a joker 😂😂
On the back of what JB has just typed - i've just made a few enquires, this is nothing more than a hard tree shake - I will have an order ready to be placed in the morning at these pieces. cheap cheap cheap.... for what coming
Whitenight I asked you last week to offer us your line of info that makes you so sure this is a failed sidetrack operation? Still waiting
If it’s as mentioned gut feeling, you need medication cause your guts not working right.
I know you’ve called this share out and been correct in saying it would drop, and yes it most certainly has, but I’ll put this out there - lucky call on you.
I’ve over 25 years in this game - from onshore to shallow offshore jack ups and deep water semi subs / harsh environment drill ships - I know and have networked many a fellow drilling engineer, thiz business is some what parochial- never more than a few people from knowing someone near to the action. So I’ll leave my investment in BCE - enough said
Go you and load up the short if it really exists- pile in, put your house on it - I’ll give a 50p when I pass you by when your in that sleeping bag on the pavement
To all you genuine holders out there - were nearly there 👍
All this bloody nonsense about net zero, energy independence etc etc - I've just spent the last 1 1/2 year in the Middle East offshore - I can tell you these guy can't get jackets sunk quick enough and top side being heavy lifted here, there and everywhere.
but yet whatever British government we get after this election, they all want to kill off the British offshore sector - nuts complete and utter nuts, because lets be honest - we'll only end up buying from those Middle East countries...