Member Info for MaltLoaf

This is boy scout solved problem in the states. The issues which have bogged down production at Lidsey could have been easily rectified with the simple knowhow, equipment & materials to rectify it. No doubt the DPST will be immediately sent to LIdsey after remedial isolation completed at Brockham. But why not firstly rectify Lidsey, isolate water there and maximise bopd?

'The hydraulic / direct pump setting tool is a pressure- activated setting tool used to set wireline retrievable plugs, permanent packers. Bridge-packers, cement retainers or other types of completion equipment'. This is equipment which can moved around site manually by two persons. It is easily airfreighted. If it is all operational and ready to go, then it should be despatched & delivered ASAP.

Search: direct pump setting tool Youtube: Weatherford

Nighthawk I'm in. But the way I see it is, we cannot keep stumbling on the forseeable issues with shale. By this stage in the game, management & operations should be professional.

E_AL We are talking plug & packer INSTALLATION equipment. I.e. hydraulic pump setting tool. Shoot me down if I'm wrong, but I think you'll find I'm very correct.

Investroid, On the contrary - I believe that this equipment will be savagely pimped around the southern counties (strange that these 'Weald oilers' dont already own this kit, when water production in very common in shale exploration). Are you saying that angs & ukog (combined mkt cap: £95m) should be starting out with 'reconditioned' equipment? Sounds ominous

Investroid, OK let's say you want to drive yourself & family across europe during the summer. Your mechantic discovers the radiator is totally knackered. Do you buy a brand new radiator for £400 or a reconditioned from for £200?

The management have sourced some second hand, reconditioned bit of isolation plug kit, so hurray? they have saved shareholders money!. But do you think the BOD are driving around in beaten up second hand cars?

'There are none so blind as those who will not see.'

Do the majority or shareholders really accept that during crucial recent operations at remedial isolation plug and packer equipment could not be quickly sourced from within the UK or mainland Europe, from ukog, cuadzilla, ebdon, schlumberger, etc, etc (lmuch longer list)? No I don't think so If the 'Weald oilers' didn't have this equipment immediately available (essential for exploration into shale) then this really questions the credibility of management and operations to date.

The management should take the isolation plug kit direct to LIdsey ando firstly sort out water production issues there, remove 'self-limited' production and then pump at max bpd. Only once Lidsey is rectified, then the kit should move onto Brockham

We should have an expectation that a multi-million funded exploration plc focused on shale does not stall at every foreseeable issue.

'Bad water' issues are very common in exploration / production, especially into shale. So I find hard to believe that this important 'long-lead' equipment is not already in existence in the uk (or a hop over the channel). The operation concerns isolating water producing zones by cementing and tubing. If the Angus game plan is exploration into shale, then surely a professional team would have anticipated such issues from the getgo and acted accordingly? It seems that Lidsey has similar unrectified issues. We desperately need management & team that are experienced in immediately identifying problem solving such common issues. Appears very amateur so far.

When you have a multi-million mkt cap PLC 'waiting for parts' or 'we haven't worked out what to do do with this excess water' - its sums up the real scheme of things: A real lack of 'can-do' professionals with credible expertise in the oil exploration industry. The 'weald oilers' are really bankers & city boys who play this up an down like a fiddle. Who would like to see the majority of BOD replaced by real industry experts?

With shorts closing by 9.30 am, a good sign of sp recalibrating positively very soon: )

Is the water producing issue about calcium carbonate scaling? This could explain why this is such an issue. From dubyawaterworlddotcom: 'Steps for Jar Testing Scales inhibitors in oil, gas applications' 'As the water comes to the surface in the co-production of oil, the dissolved carbon-dioxide comes out of the solution as the pressure is reduced. This leads to a PH increase and an equilibrium change where the bicarbonate anion decomposes to the carbonate anion and more carbon dioxide. The formation of the carbonate anion and PH increase gives rise to calcium carbonate scaling that can reduce the internal diameter of pipes and eventually block pipes and pumps uses in separation facilities'

Flies burning up against a blue light. Be wary of others p&d exit strategy.

In January the mkt cap was around 7m. Sp down 90% on previous year. In February the company has now deflated the value of the company to 0.6m, in order to create placing shares to raise 3.8m. Fiscally, it can't work any other way - The raised funds can only be drawn by the true assessed value of the company.

Will the new linear rod pump be installed above or below ground level?

Back in June the SP hit lows of under 5p, due to the lack of confidence in the JTP cash for securities debacle. By August it had bounced back, hitting 10p and then by late October, 15p. I can't help think that some short-term bad news can often benefit the knowing few & the shrewd opportunists.