Member Info for InJamesweTrust

AV

No they shouldn't expect pot shots, perhaps constructive feedback but not pot-shots as this is one of the scourge of a world with too high a population of keyboard warriors.

Many of whom would have much less to say outside of their little broom cupboards in the cold light of day.

Nothing wrong with sensible debate but some of the nonsense spouted by the 5-10 nutters that only come out from under their stones when news is bad says a great deal.

Certainly death threats although most likely hyperbolic.are no laughing matter and at least GRH has published research and been.open on track record, something precious few others have.

People are responsible for their own actions and the nastiness that pervades yours and others posts is the drip, drip of decay more widely as society becomes less polite/considerate.

Nigel

Thanks, I think that is a compliment!

You equally know I hope I was being tongue in cheek.

Since posting initially, I've often said geology ensures nothing is a slam dunk.

The research of GRH/KeithOz/Methodology and many others do point to possible positives that indicate interesting upside potential.

There is a Bayes centre at the University here - I was more stats and econometrics, when I wasn't being distracted by rugby and socialising.

Ibiza

Was right with you until you evoked the England rugby team to be the one initiating the comeback.

Alas, with Borthwick they couldn't lave their own boots and worry about Saturday (particularly as I live in Scotland when not in London)!

Noting early.even Nigel seems to have turned positive.

Mistakes made but preference for Sandjet clear from outset. So let us see what it produces. May even buy a few more

For me GRH adds to the debate and general.pool of info and is clearly well experienced. He is not required to hold anyones hand and abuse by people probably not invested or not taking responsibility for their own actions is risible.

Sometimes I'd like the posts to be less cryptic but its a free world and he ought to be free to post as he pleases or withdraw to save himself from the hassle.

Best of luck either way.

Ibiza

I'm not an expert but my knowledge such that it is makes me think:

1) Sandjet can perforate out further than explosive perforation. Using sand as a jet means the explosive impact of crumbling geology mixing with.mud and making readings impossible is less likely.

2) the gas if there is under a general seal through incline fault/anticline and the route out would be through the pressured drilling pipe. So would not escape thus.

3) damage to casing should not affect the flow rates. The sands if compacted/fractured may not allow.pressure build for extraction efficiently but again technology is improving this.

Rigless testing in and of itself shouldn't weaken the formation but how much is known of the formation itself is harder to know.

Ideally if the gas is there we will see it tested through sandjet but when.....

KeithOz has a lot of useful stuff to say, just because the test hasn't worked out doesn't mean everyone should be traduced.

I think trying to portray this as a planned issue is disingenuous. This clearly is not what management envisaged, although they clearly had a preference for Sandjet.

Their foot dragging and not having permits in place for Sandjet last Autumn has increased dilution as it is being paid for twice and we have just paid for explosive perforation to maintain licence to no avail.

My understanding is PG has rubbed up alot of industry people the wrong way in the past so this 'genius' tag is perhaps not appropriate.

I hope sandjet proves successful but don't understand the lack of clear timeline now. It was a red flag when MOU-5 started getting touted but one I see only in hindsight.

Just test and confirm if it flows and get on with it.

This isn't just run of the mill as expected, the RNS talks about redesigning the testing strategy with Sandjet. The timelines are also unclear despite ph2 supposedly being imminent after Ph1

They need to be more clear on upcoming timescales.

I can get a quote to sell easily above 8p for a reasonable chunk so there is a market

The testing outcome is disappointing but Sandjet can test the gas and pressure also.

Sandjet was due to commence for Ph.2 so I'm surprised at the delay hinted at in the RNS.

There remains good potential but again timelines aren't met, ot will start by 29th Jan sees the fact it started on 5th February.

The team needs to be carefully augmented as they are clearly struggling

Name trade

Get off the fence, you'll get splinters.

Don't think I said an A3 would have any impact, it was used as analogy to show development in ICE to show how much more efficient they now are to 20 years ago.

Hence, full EV as tech currently stands is not looking great. Harry's Garage has a god video on this for anyone interested.

As the West moves to change its energy mix it may then begin to consider tariffs for the coal fired cheap Chinese tat and technology.

China argues it is playing catch up and I am sure India will do likewise.

German industry is struggling since closing nuclear and gas prices increasing so getting the future mix right is challenging.

Fwiw I think offshore wind will need expensive maintenance at the later end of its lifecycle but onshore wind and solar have alot to commend them.

Don't agree NetZero is a massive con. Burning fossil fuels does have an impact. Science has been finding ways to reduce this. I remember in early 00s having a Audi A3 which was around 195g/km emissions.

My X3 which is much bigger has similar pedoemance to fast A3 and markedly lower emissions.

The energy mix is already changing evident with how much less coal fired is being used. If West gets its house in order early it can sanction China/Russia for pollution with Tarriffs and take back production of some aspects of production.

Don't agree NetZero is a massive con. Burning fossil fuels does have an impact. Science has been finding ways to reduce this. I remember in early 00s having a Audi A3 which was around 195g/km emissions.

My X3 which is much bigger has similar pedoemance to fast A3 and markedly lower emissions.

Androcles

Interconnectors (such as Neuconnect) can be a useful way of sharing power if for instance the base load generation in one country is lower than expected demand.

They'll be needed to provide power either via gas/solar/wave as there is a move to renewables forming a greater proportion of the energy mix. Probably helps UK/EU meet targets if generated elsewhere and piped in as needed.

Not cheap though.

Keith

Think it is also relatively simple for them to contend the well is needed to know level of connectivity, extent of assets to best establish the resources that can be declared. Thus ensuring value for shareholders, this being part of their fiduciary duty.

They can equally argue OHNYM control licensing so keeping them happy in terms of announcements is also in shareholders interests.

Keith

An interesting note, as always.

Not seeking daily updates, just don't want to wait until after Jurassic drill for results.

If commercial there seems to be a fear of early hostile bid. Looking at Cove it took 30 days for initial Shell bid and then a further several weeks for PTTP to gain victory.

Hence not sure early bids need be the worry many think.

Ultimately just my view BoD have deciding vote on what they deem is best.

May be a race to complete activity you mention by late Mar/early April given demand for SV101

Hopefully SAR picks up again for you Silverfoil.

We still don't know testing results for Ph.1 which by the RNS should have been complete around 12th February. Regardless of conjecture about it being another Ghawar/Geopolitical important. It.firstly needs to be proven up.

Not withstanding OHNYM will want to be involved in narrative, why say 14 days if not believing it.possible to share results in that time?

Messaging is an important aspect of management. Don't want my hand held but I would like schedule's they stick to.

The frustrating element is some such as GRH are suggesting results are in and we sit on a megafield the likes of which has made Saudi a major power (see prior references to Ghawar).

Alas, although info should be used until open to all, dissemination can sometimes be asymmetrical. I do hope the company isn't sharing details with selected individuals prior to wider announcement per RNS requirements.

The results as received need to be analysed and discussed with OHNYM but depends if that is all of them as a package or at each stage.

Not a fan of the mushroom approach and once a discovery is proven commercial the company should be advising its shareholders.

As a caveat - if they are seeking to prove connectivity they may wish to.do so before announcing.

After initial discovery Shell were making offers within 30 days. If connected but Jurassic not drilled then of course it may be the desire is to get closer to Jurassic drill date before announcing.

Not sure any of us want to wait until May/June for news or even later given the gunfight over the tig just now!!!

Interesting times continue.

He1 was up around 12x in a fortnight I think.

We start from a much higher MCAP to begin with but likely with a larger resource if it is commercial.

With a putative start date by 29/1 for Phase 1 testing no news prior to the end of February would be something of a shame.

However, there is OHNYM to consider and if commercial are there off takers for the GAS in country who might pay for a package deal.

Believe BoD may prefer a series of special divi through deals than one big bang share jump.

The choice between such options are first world problems mind you and one's we should be fortunate to have if the pressure andnsize plays ball.

Andy (Blowster) on Twitter saying focus has been on MOU3.

Forget the name if a technical one exists but of equipment at MOU-3 and pressure gauges remain on MOU-1, likely they can test the communi action between them as well as pressures.

Happy to be corrected/contradicted.....