Member Info for LeMajor

Neversatisfied, I must disagree with you most emphatically, Charts can predict almost anything - however they are rarely anywhere near accurate. I remember someone saying that the charts predicted that the World would come to an end in the year 2000 - I rest my case !

DarkElf, I was not being serious for half of that posting, as you will have realised - but I'm not saying which half ! :-)

Darkelf, No that is a 100% genuine estimate that defines the value to 4 decimal places as accurately as your nom de plume describes your character. Yours faithfully, General de Gaulle

It was suggested to me to post my "Idiots guide to Imbibation" (not sure whether to be insulted or flattered?), The way I think of imbibation is: take a small ceramic clay flower pot (no holes other than the top). Fill it with water and put cling film over the top. Leave it a week then remove film - water soaked away because it's porous. Now spray the pot inside and out with wd40 or fill with GTX for 15 minutes. Pour out the oil and refill with water and cover the top again. A week later almost all the water is still there - the pores having been sealed / clogged with oil has trapped the water and probably has a very thin film of oil floating on top. Put a few drops of fairy liquid into a jug, pour the water in the pot into same jug and swish around a little -- then put it back into the pot. Cover the top but check every day - the surfactant (Fairy Liquid) reduces surface tension of the pots inner surface, more oily scum rises to surface as water increasingly permeates the pot and pushes the oil out of the pores into the water. If the water level falls the "oily scum" will stick to the inside wall of the pot and the "active inner surface" will reduce as water is imbibed, depth decreass and oil released - to prevent this, top up the water daily and collect the "oily top layer" for washing and purification later @ $80 a barrel.(tip: using free natural thermal energy, heat the water to 130c and simmer for 6 months to improved pore productivity).

I was trying to get a feel for how long the FB team was likely to let the FF come out naturally, and whether there was a chance that AL would not be required so asked DW (who better?): "It will flow unassisted at first. Just a question of how much fluid can be moved over what time period. Lift will be quicker and also result in lower the bhp to allow the reservoir to connect and deliver. Dave Wall " (22/5/18) Some things just cannot be scheduled, the timings for different stages take as long as they take. DW clearly tries to have a back-up plan (subject to budget), but as we know an oilers timetable has to be printed on spandex to allow flexibility. Do not take dates as absolute, they are merely targets - though I am expecting 125bbl/day to be announced on 18th June by when the sp will be 14.25p. (IMHO)

Nice to see the 2nd million, albeit later than hoped. Even so only 0.25% of shares changed hands. Hope to see 20 times that amount next week to move us up to a more realistic MCap.

Market might get a 2nd wind after 11:00 and look forward to seeing another million bought by lunchtime.

Looks like BoD are gearing up for higher production in Q3/Q4. - 2018 could yet live up to hopes & expectations egard;ess of UN outcome.

If they are thinking of investing then the sooner the better. The window will start to close next week as PI's who've waited this long will tighten their grip with �nly 8-10 days before the audited FYE results are published. We know the estimated turnover is up 28% (est) but I suspect those numbers are conservative. When the grip tightens the sp rises, and FOMO kicks in just as the herd is spotted on the horizon. June will be exciting.

Some modest buying today. On the back of last years performance, it would be nice to see a new 52 week high to coincide with the official FYE figures in next couple of weeks. Just as important would be a statement regarding a USA distributor - if only to confirm that the BoD are still movinvg in that direction.

So those 69,756 shares on Nex were yours! (see trades on A D V F N)

Great reminder Brom. All those small shalers who got hoovered up by medium size outfits who were able to borrow to acquire them - they will be anxious to repay those bank loans before the interest rates rise. This in turn could encourage the opening of hitherto low margin shale wells and soon we are back into the "over production spiral". Lets hope they take the easy route and re-sell those mothballed wells to a few majors who can afford to keep them for a rainy day - they should make some easy money to repay those debts..... but will they?

Jiddy, when you said Monday 26th, to which month were you referring?

Hopefully the FYE reports will include a mention of progress with USA distributor selection process - especially when we can expect a final decision to be announced.

https://uk.webfg.com/news/aim-bulletin/distil-gets-redleg-rum-another-big-pub-chain-listing--3253831.html Another positive article on last month news - sorry if it has already been mentioned. Not seen it before, but similar positive sentiments to other journalists.

The SP more than doubled between April & June 2017 - hopefully we will see a repeat of that this year. Not long to wait.

Even if we get an update in the next 2 weeks it will only confirm that things are going to plan - which most of us will have anticipated anyway. The plan being that as the temperature rises during the next couple of weeks, the guys at FB will start to move gear onto site, getting ready to open up the pipes to eject the diesel and the FF that lies beneath. so it could be 3-4 weeks yet before any HC's start to come through. Only then will the flowtest proper begin. We will no doubt get a bit of ramping/deramping in the meantime - par for the course !

Bighow, I don't dispute that the pressure was low last Sept. When it became clear that they would need to shut-in the well for the winter, the team just opened the valve to measure the rate at which the pressure would decline - not unlike taking the top off a bottle of fermenting champers - just to see how long the fizz would persist. Since Sept the lid has been sealed and the pressure and temperature in "the kitchen" will have returned to its pre-drill state. I still have hopes that the natural pressure will push out the FF, but the N2 AL will give us "belt and braces" in case it falls off . I'm certain we have vintage icewine down there, we just need it to flow at a reasonable rate for such a small frac.

BigHow, I'm a bit concerned over the wellhead pressure. Maybe there is a leak. Last I heard it was just over 3500psi with BHP around 8000psi. Where did you get that 739psi figure?

My mistake - it was not recent - his last posting on RKH was May 2017.