Member Info for luckyman2

Is it true that Brian had more dusters than Ken Dod?

https://www.edisoninvestmentresearch.com/oils-blog/entry/sound-energy-well-result-highlights-reservoir-variability-in-morocco?utm_campaign=1350849_Edison%27s%20daily%20research%20summary%20211118&utm_medium=email&utm_source=Edison%20Investment%20Research%20Limited&dm_i=2PWO,SYBL,6HNI3D,2ZFCJ,1

I like the first question directed at Brian but not answered yet.

Plan B in my opinion will be to take TE-5, 6, 7 onto production once we finalise our deal for the pipeline and processing equipment which will be paid for by our third part
Will try and market the company for sale while all this is ongoing.

Can only go by last RNSs

In addition to this, because of the success of the VG-3 well, the partners have taken the decision to prioritise the drilling of a second well on the West Brentwood licence, in which the Company has earned a 50 per cent. interest, ahead of the drilling of a well on Grizzly Island. This second well at West Brentwood is planned to be drilled before the end of the year, with the aim of accelerating the cashflow generated from the licence. As a result, Reabold has decided to defer the drilling of a well on Grizzly Island until 2019.

At the Monroe Swell licence, IMS is upgrading and smoothing the existing well pad in anticipation of re-drilling the Burnett 2 well. This should allow easier and safer accessibility for the rig to the site and is being undertaken in conjunction with the moving of well pumping equipment. A NOI has been submitted for Burnett 2 and is currently under the State of California Department of Conservation, Division of Oil, Gas and Geothermal Resources ("DOGGR") review process. The Company anticipates comment or acceptance from DOGGR in the near future and will make a further announcement(s) in due cours.

Wick and Colter

There are several regulatory approvals and notifications still required before the consenting process is completed for the wells. When all the necessary approvals have been obtained, the wells will be drilled as a back-to-back programme using the ENSCO-72 Jack-Up rig and, subject to the approvals being in place, Corallian will commence the programme with the drilling of the Wick well during December 2018. Following completion of the Wick well, the rig will be mobilised from the Moray Firth to the English Channel to drill the Colter well.

Awaiting final approval.
Wick Spud planned in December

No All heir wells are waiting on permits being issued.

Not this year either due to oil price collapse again.
FID now 2020 . imo

I wish it would tick up faster and get us over the 1p mark

I believe that JP mentioned that they were paying Rothschilds £50,000 pa

After this 3 drills are done whether good or bad we will have to look for a buyer as our overheads and wages bill run into the millions.
If we dont sell within a year then we will have to raise more money via dilution to pay the wages until we are sold
The gravy train has to stop at some point.

shpunken

I have emailed JP to ask for a CC but have not had a reply yet.

FSC instead of a CC.
I would rather they held a CC as they cant hide behind their keyboards and duck a dive from our frustrated questions.
Waste of time .imo

Easy wages for the boys from Sound.
Just get on that payroll and sit back and relax maybe even get some free options so you will have something to talk about.
Easy money.

Drill or bust
Thats the game by the looks of it.
TE-10 selected by the same team as picked TE-9.
New data available but lets ignore it and drill ahead as planned.
Seems pretty reckless to me.
Pause and study the new data is my preferred choice.
As JP always used to say..... its better to wait for the right outcome ... or something to that effect.

They are probably having meeting on how to address all the issues raised. imo
It would be good if we could get a CC like we used to.

In addition to this, because of the success of the VG-3 well, the partners have taken the decision to prioritise the drilling of a second well on the West Brentwood licence, in which the Company has earned a 50 per cent. interest, ahead of the drilling of a well on Grizzly Island. This second well at West Brentwood is planned to be drilled before the end of the year, with the aim of accelerating the cashflow generated from the licence. As a result, Reabold has decided to defer the drilling of a well on Grizzly Island until 2019.

At the Monroe Swell licence, IMS is upgrading and smoothing the existing well pad in anticipation of re-drilling the Burnett 2 well. This should allow easier and safer accessibility for the rig to the site and is being undertaken in conjunction with the moving of well pumping equipment. A NOI has been submitted for Burnett 2 and is currently under the State of California Department of Conservation, Division of Oil, Gas and Geothermal Resources ("DOGGR") review process. The Company anticipates comment or acceptance from DOGGR in the near future and will make a further announcement(s) in due cours.

Wick

There are several regulatory approvals and notifications still required before the consenting process is completed for the wells. When all the necessary approvals have been obtained, the wells will be drilled as a back-to-back programme using the ENSCO-72 Jack-Up rig and, subject to the approvals being in place, Corallian will commence the programme with the drilling of the Wick well during December 2018. Following completion of the Wick well, the rig will be mobilised from the Moray Firth to the English Channel to drill the Colter well.

Monroe Swell, West Brentwood and Wick.
Do you not read previous RNS?

3 Drills waiting to spud before xmas .
Once we get the permits we will drill instantly as all rigs booked and standing by.
Lets get spudding.

Jimmybod

Yes it does make you think.
Brian and his magic team also picked TE-10 drill location as well.
I would prefer if they postponed this drill and revisit the seismic with the new information that they got from TE-9 failure.
It seems like a stubborn attitude to just proceed regardless.