Thanks for the info on the CCS. I think this will wag the tail of any potential farm in / buyer as it will also help their net-zero credentials, which any carbon extractor is under extreme pressure to deliver. Even better if they don't have to share profits as they do with oil/gas, I doubt very much the licence would cover CC. Happy daze.
Now I haven't researched this but I will do just looking for a quick heads up. We know both blocks are littered with the old wells where the Sovs plundered the low-lying fruit. What happens to the geology once they are capped, would the be suitable for carbon capture? Is it a case of hole filling or is it injected??
My reinvestment thus far is relative to my own personal risk/reward. I was here a long time previously and I respect the views of certain contributors, whom I wouldn't class as faceless and who are much more up to speed than me.
What's the consequences of a partner agreement not being put in place? When was the last time we had production figures, I'm a little behind.
The Scottish mob was kicked into touch not by Block management but by its shareholders so with the share price where it is its natural that the directors should be under scrutiny. Trying to dismiss people who want to discuss this openly is churlish. I've no doubt rampy nonsense puts of more investors than that other ejit ever did.
Don't think I'll post here again, got no right tbh as I don't hold , except I still despite everything, wanted to get excited and get back on the train. I'm afraid when you aren't invested, you can see that like your first punt it would be a massive mistake and you leave it too late to cut your losses.
Read the last RNS again carefully, and you'll see the guy is an absolute Charleton. Next bounce, cash ya chips.
Oh and Sarah, you'll burn in hell for eternity, you know the rest.
Deez 1p and not 10p.
5 minutes research of Block RNS’s.
Early results from fully-migrated 3D seismic processing are beginning to provide insight into the full potential of the West Rustavi XIF licence area. - April 2020. 3 years later the actual production is more insightful.
and WR-16aZ, which have proved to have high gas-to-oil ratios. - April 2020. Gas sales struggle to justify infrastructure development.
Produced water is being trucked - Jan 2020 - sigh.
Bringing well 16aZ onto production is a significant step in Block's fully-funded £12m programme to realise West Rustavi's potential (RNS: https://bit.ly/2WYyx8e), which was demonstrated by the exceptional test production rates of 1,100 bbl/d - more than three times pre-drill expectations - July 2019. Results recorded 01.04.2019. So 84 days later he’s still pretending it’s not 90% water.
That’s why the share price isn’t 10p and EVERBODY knows it.
Early results from fully-migrated 3D seismic processing are beginning to provide insight into the full potential of the West Rustavi XIF licence area. - April 2020. 3 years later the actual production is more insightful.
and WR-16aZ, which have proved to have high gas-to-oil ratios. - April 2020. Gas sales struggle to justify infrastructure development.
Produced water is being trucked - Jan 2020 - sigh.
Bringing well 16aZ onto production is a significant step in Block's fully-funded £12m programme to realise West Rustavi's potential (RNS: https://bit.ly/2WYyx8e), which was demonstrated by the exceptional test production rates of 1,100 bbl/d - more than three times pre-drill expectations - July 2019. Results recorded 01.04.2019. So 84 days later he’s still pretending it’s not 90% water.
That’s why the share price isn’t 10p and EVERBODY knows it.
More than happy to spend a couple of hours on this, maybe next time I can focus on dilution of share holder value vs wages vs loans.
Truth is if you’re here for the oil then fool on you. If you think 1,000 bpd is going to fix the price then it isn’t.
It was always about the gas. Look at how much Europe in now dependant on LNG to meet storage levels.
Has there been any updates with regards to the massive opportunity not only to serve the domestic market independence and an over flow into Europe? No. It’s because they can’t commercially produce what was threatened. The 3D remains a mystery.
GL all.
You look at the history of the fields, what’s been drawn, compare that to modern drilling techniques, expert partners, 3D data the current output and it’s a pathetic return, a massive disappointment to the detriment of any long term holder.
Anyhoo, happy Christmas all.