Black Majic Box19 May 2018 23:20
The sun is setting on the cairngorms, glorious warm sunny day and calm weather for rig move and start of operations. Been in this industry for a good many years � been around and seen a lot to shake me anyhow. The people at the sharp end always manage to make things happen � you know who you are. The wells will be completed, the FPSO will be moored, hooked up and the wells will be put on line � that�s what the engineers and operational people will do regardless of what cluster fcuks happen. That�s what we were paid for. But who knows the secret of the black majic box the reservoir engineers? Given the EPS is designed to prove up the concept of FB plays the key to the whole concept is interconnectivity of the large and small fractures. That is the biggest risk that faces the company. If you have ever climbed routes in the cairngorms cracks peter out and you have to pad across blank granite to get to the next one. OK so a horz well will connect these up, but it�s a small thin long hole in a big bit of rock. There is no guarantee that the fractures you have connected to are not blind � who knows. Interconnectivity is not just an issue with FB, just look at Seven Heads which was based on secondary porosity feeding the main sands � five subsea wells and the rest is history. Until these bad boys get on line and confirm that everything is interconnected and not flow restricted we are betting on the toss coin � so who knows the secret of the black majic box? We certainly don�t and neither do the reservoir engineers � it�s a black box, been there done that, but are balls deep in Hurricane it�s an acceptable risk. Oh buy the way we are old school investors if we believe in a company, we invest because we want them to succeed , if it goes bottoms up we accept the losses and move on. A philosophy that means we have never made any money on the stock market - yet. The misfits and money men always seem to raise their ugly heads and only dream of green backs and treat the stock market as a casino not a vehicle for generating wealth and employment for us all. Just think when all this hardware is put together and the field comes on production does that not give you a feel good factor that as an investor you have made this happen along with the guys at the sharp end, even if it�s a failure and you have lost some capital you would have been part of something remarkable.
PS: Don�t like social media and posting, but feel like the Hydra is forever drawing us in, there are some stalwarts on this board that from a technical, financial and photographical point of view have to be congratulated as without them we would be but mushrooms. You know who you are and we raise a glass of Talisker to you.