Member Info for GeoChem

I have a few BOR too, though, the HBR RNS dont help, may top-up more though... BP doing fine for me, £3.05 av. with Divi any day.... nice. Still more to come on Brent price and gas, winter coming.

Simon raised this in the video which can be found on here. First I'd heard of it but if they can do a good deal on an asset it could work, check out Serica's history on that. I think appraisal/early development was the theme... not sure what that could be. In the near term we need another stonking Wressle well IMHO.

Over on the HBR board some posters think this is a Harbour ploy to drive down Rockhopper's SP to allow a cheap take-out....

Minds being focused on the reality of the energy indistry as of right now rather than the abstract future...

https://www.msn.com/en-gb/news/uknews/government-says-energy-security-is-absolute-priority-amid-rising-gas-prices/ar-AAOzTEn?ocid=msedgdhp&pc=U531

Tolmount for anyone....

https://www.msn.com/en-gb/news/uknews/government-says-energy-security-is-absolute-priority-amid-rising-gas-prices/ar-AAOzTEn?ocid=msedgdhp&pc=U531

Interesting...

https://www.msn.com/en-gb/news/uknews/government-says-energy-security-is-absolute-priority-amid-rising-gas-prices/ar-AAOzTEn?ocid=msedgdhp&pc=U531

https://www.msn.com/en-gb/news/uknews/government-says-energy-security-is-absolute-priority-amid-rising-gas-prices/ar-AAOzTEn?ocid=msedgdhp&pc=U531

2 TCF + undrilled upside help?

GWP, please don't feel lonely, I've been in here [small] for a few months. Strong signs of an uptick in oilfield E&A activity which should reflect in the SP soon. Speculative opportunity stock.

I've become tired of trying to explain the situation to people outside the industry. Take a look at this:

https://www.popularmechanics.com/cars/hybrid-electric/a5750/bioengineers-turn-trees-into-tires/

It's just one facet of this stop-all -production-now mantra that I constantly hear. In essence it takes 20% of a barrel of oil to make one tyre. I wonder how their electric cars will run on wooden wheels. The membrane which the lithium battery depends on comes from oil [polymer]. The seat fabric is polymeric, the dashboard, the switches, the gear knob etc etc. I take a few meds these days with my age, they are made [ultimately] from oil. Try making a goretex jacket, or 90% of clothing [nylon/rayon/kevlar/polycotton etc] without oil - impossible. I could continue this list ad-infinitum but the simple reality is that without the critical compounds made from oil we are back in the middle ages. As a chemist I have to agree with Mendelev, "it's too valuable to burn". Don't get me started on gas.....

Gus, you're absolutely right on the background. Folk outside the industry don't realise that there has been zip-nada exploration or appraisal since [broadly] 2016. BOR have a drill-ready proven reservoir and a healthy prospect inventory offering substantial potential upside. It should attract a partner or more likely take-over in the current PoO environment soon enough. The only negative is Vaca Muerte which is attracting a lot of major's, even noted Statoil taking some offshore Argentinian acreage. We've got hope that a mid-cap or NOC with no Argentina presence will see the potential here in the near future. Otherwise, I hope you're right on plan B.

I made a move up to a six figure holding here and I strongly suspect that there is a lot of this going on. My buy today shows up a sell, and a automatic trade 10:41:38, 1.09p. It was a buy topping up my increased holding over recent weeks. I'm sorry to say that I see little hope of a farm-in as circa $80 mil for a share of the assets is tough to sell, when... The good news is that a bid at 6p costs circa 30 mil and gets someone 100% and a full well's data. It's still, as always in recent years a utterly binary position to hold the shares however the upside potential is undeniable. Just to say, I've been in here since the discovery but got smarter in my trading [I hope!!], best regards to all the long term holders/posters.

Just to say, the 18K "sell" today was my buy. I don't post much as I am a bit tongue tied by constraints elsewhere. I've been a constant holder since the 60p+ days though I've traded the peaks and bought the troughs. I have a great deal of faith in the asset[s]. Keep the faith, Howards a gud'un. - GeoChem.

I give credit where it is due, and there was one aspect of your post, your reference to redrilling at the sweet spot which was correct.... but even a broken clock is right twice a day. I don't like. approve of or even find palatable ramping. Your posts are in general, evidently that. This is a high risk AIM play, anyone who invests here should only do so with money they can afford to largely do without. You should understand that only about 10% of SEY is in the hands of small PI's. Because of the massive quantities of stock held by the investment institutions which is illiquid small PI's do not really affect the SP. Trying to tempt ordinary folk into 'punting' their savings into this on claims of massive returns is niave and likely to damage peoples lives. A number of people who posted on here occasionally have fallen silent recently.... I think that has a lot to do with not wanting to get associated with the blatant RA-RA - ramping. I have been reticent to post - anything - because of this. This may well work out as an investment, I've been invested here since late 2008. It also, may not, and the SP would be slightly lower than it is right now. Please, consider your posts and your actions, we don't live in a jungle. If you look at what has happened with GKP, with WZR [after a 9K BBl/d DST], the market does not like the KRG right now. SEY is very unlikely to leap up in price like GKP did - yes, on a find it would gain, but not a ten-bagger. I see that gains on shares are well below what I was seeing 1 year ago, six months ago..... right now, the market is shot to heck, it's going to take several months to get things back to fair valuations - you may well be marooned in SEY, I am in a few shares - thats the way the market goes. I sincerely wish you the best of luck with your investments but please don't try to ramp, it's futile, pointless, counter-productive and damaging. With reference to your earlier post, to misquote... "I think we're going to need a bigger rig [boat]"... remaining hopefully optimistic - IMHO/DYOR - GeoChem... think I'll keep my head down for a while. Best to all.

FineNance, answering your question is complex and I do not have enough information to give certainty based on the RNS. The issue centres on the fact that this was an open-hole test - these are rubbish. SEY tried to test a 852m section, thats about 3000 feet of formation[s]. The fact that this beast generated consistent flow of 7,300 BBl/d of heavy-ish water [Formation water contains lots of salts and is very heavy] with 4.6 MMSCF/d of gas is pretty impressive. With open-hole testing, there is no casing to isolate separate sections so everything down there flows into the wellbore [below the inflatable packer.... the 852 metre section] so the gas zone COULD be entirely separate to the water zone, it could even be the case that the H2S is coming from another discrete zone. The 24% H2S is a bit of a nightmare though. Being SEY, they [we] did not even get lucky with the PLT which would have pinned all this down. But, presuming there is a discrete dry gas zone down there, yes the reserves here plus any above would be added together and could be cumulative. If the pressure regimes are similar they could be comingled in a producing well BUT this is unlikely given the depths. You cannot open a LP zone with a HP zone open as you can get cross-flow and the LP zone will just be backed out of production by the HP zone flow from below. What you do here is deplete the HP zone and then open the LP zones later to extend plateau production. So, yes the reserves are all added together if these upper zones test. There was a lot of discussion relating to this almost a year ago. The close-watchers were aware that SEY were running out of casing sizes, this lower section was always heading for being a geological probe rather than a definitive drilling operation. It is an indication that there is a wee beastie down there that we got the flow and WHP we did, 8K/day high density water + 5MilScuffs is impressive with 470psi WHP. All of this goes back to the seismic interpretation which I made several cryptic posts on to Graceysdad about nine months ago. Their seismic interpretation was way off and SN-1 was drilled in the wrong location. They are downdip and in the water leg. I am sure they will now need to re-interpret all the original seismic, maybe reprocess, add in the data from SN-1 and find the sweet-spot.. [ Wow, Flawless has actually said one credible/sensible thing!!!!!!]. This saga is not over yet in my opinion, the sargelu and 100m of Kometan will be interesting... about six weeks time then [ all, read the RNS, 21 days per DST, x2.... ]. Looks like SEY will be a long haul. ALL of THIS, IMHO/DYOR , GLA - GeoChem

yes, errr.. well WZR or Western Zagros resources. Reported 6000BBl/d of 40API light sweet crude with 36/64th choke and over 3000psi wellhead pressure, a barn-burner as it's known.... SP ticking nicely. As I have stated before, I split my risk profile across SEY, WZR, VST & LFD. Obviously LFD is a bit of a porker but very cheap, VST has Niko resources for it's partner and a nice block, Qara Dagh [Black Mountain]... and SEY, soon we shall know. All the best to you and other LTH's - GeoChem, may our luck be akin to WZR's - they have had their share of troubles.... makes SN look like a smooth operation!!!!!!!

There you go amigo, told you it would be OK in the end... dont exit too soon - more to come. cheers all - geo

Nice thought but that version is too cheery.... found the Tom Robinson Band version but no film and it is not quite there too, there's the LAst Waltz version but Dylan is to "off" on that one... ah well. T-Bot - thanks for letting us know that we cannot look to you for any hope.. And LB, thats the root of it here... it's just gone on too long for most folks to ever believe we will see an end. The darkest hour is just before the dawn... I am holding through to the very end here but there is no doubt that it's been gruelling... anyone here who thinks this is a short hop to profit best be warned, SEY has more tricks than a Barra'load o'monkeys.... ATB - Geo

It's just a pity spoonflickers not here any more, he could have posted a youtube of Bob Dylans "I shall be released" for me... thats the anthem for today though....... http://www.youtube.com/watch?v=VT-SFgkVlno&feature=related Try this.... class. Cheers to all - Geo

Nice to see a couple of posters-of-old pop by again. Greetings to T-Bot & LB.... Message recieved and understood pal a ratther forlorn hope that there might be some intimation of an end in sight here but the house of pain runs on. This is not so bad as I at least know that VST/WZR and SEY are all in the same boat, a slow one with China involved somewhere.... well at least with SEY via Addax and their Chinese owners. There is too much ramping going on here but it's hard to refute the basis... at circa 60p the upside is 4-6x and the downside 50% loss at worst. As a gamble, it rounds off as a 10 to 1. But I am still waiting for any one of my three boats to come in, they are all May/June TD by the looks of it, SQ-1z any minute, QD-1 x any day and SN-1[v,p,g??] at some point in the next eon. It's a long view back to 2008 and a 6.3p buy-in, everything looked so rosy back then with the full-field development in place by now -- HaHa... how easily we are lead down the garden path just to find something nasty in the woodshed! Ah well, thats enough mixed metaphors for one day and seems to have vented the majority of frustration. Best to the LTH... hope this comes up smelling of roses for everyone - GeoChem.

T-Bot, any thoughts on the beer. There that old wizzer Ahmed, any idea what he's been on? I've been out walking Kara's Dog, what might be a nice beer for after that?? And then of course theres that Central scottish hostelry with a range of beers... any advice there on the on best tipple... or just stick to the Evian?? Missed our little chats on the Beer, drop a line sometime amigo. Cheers & bottoms-up - geo