Member Info for Mancave

When are the results of the seepage(?) monitoring due?

Afternoon all - I emailed JP on this and he has no idea what the article relates to.

Also TE10 webcam up on the weekend.

Don't shoot the messenger...................

They probably couldn't afford to pay the bill and are in the process of being changed to a pre-payment meter........

Yep - so glad I got in at 69p Neptunes........:)

Quick conversion: 1tcf of natural gas equates to 293071070172222200 kwh

I am hoping for a more in depth response from Brian regards this query.
Hopefully it will put more meat on the bones of James' reply.
I don't want to distract them too much as I am sure they are focussing their energy towards the next drill, but do feel we need to put this to bed as it is proving divisive.

I asked JP the question regards the hurry up and wait seismic and received the following response:

"The basic storyline is the seismic was shot and the processing was taking too long so we fast tracked the processing with a different company (at no cost to ourselves).  The wells are drilled on the data from the fast tracked processing. We will next year receive the originally processed data.  It may or may not be better.  The key point here is each well costs us circa USD4M dry hole and that is our current cost base for 4 months so one balances the cost of waiting (for something we didn’t expect to help) against the cost of drilling.  We actually for TE9 even shot 3 more lines over the structure to be sure.  Does that make sense ?
James"

I am awaiting some feedback from Brian regards the contradictory nature of recent/historical comments/RNS's and will post once received but JP has commented :

"It is best we ask Brian but I think the key difference here is he is referring to the aerial gradiometry as being exceptional quality whilst the seismic was always noisy (relatively normal onshore).  The challenge about the processing we were mentioning was all around cleaning up the noise to signal ratio."

FWIW I feel that the team are trying to achieve the best result for all concerned - if you are in then back them, if not then.......

Constructive criticism and specific questions are necessary, personal attacks and arguing from a position of weakness can not be helpful.

We have to let them get on with the job and judge them at the end of the journey, not a third of the way through.

I think this quote from Mr Donald Rumsfeld will serve us well:

"Reports that say that something hasn't happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know. And if one looks throughout the history of our country and other free countries, it is the latter category that tend to be the difficult ones"

Very apt at this point in the journey.......

Tim - for a moment I thought I had missed a further RNS.
So James has informed us as he said he would.
Can you believe his audacity.........

Forgive my ignorance but could anyone tell me what we know for sure?
All I am reading is a lot of supposition, guessing, second-guessing and blaming based on what?
JP/Marco et al may be selling shares but we don' know.
There may be gas/there may not be gas but we don't know.
Once the testing/logging has been completed and we receive the update on these findings is the time to get the champagne/knives out.

TheTraveller - can you not go through home insurance?

Thanks for the technical info dd

Is the liner also related to pressure?

So only 800m left? This could be a very nice run up to Xmas.

They could be getting gas shows imminently...

Is it round the clock, 7 days a week drilling?

225,030 sell
288,932 buy

and we are still down?

Thanks fsj - any other tidbits you can share?

same here - if we are being hones this is new territory for everyone - no-one knows what to expect, when to expect it and who to expect it from. This is what makes it such a rollercoaster. Right now I have a distinct sense of expectation, tomorrow I will probably be in the doldrums again.......
Its the not knowing that's getting to me.

jamescarver - an interesting take on the current SP
Add that to the acknowledged (on this board at least) slow down in progress (drill erection/drilling speed/GSA/Sidi/Luca) and whilst a few of these can be dismissed it does feel as if we are awaiting a further piece of the jigsaw puzzle to fall in to place.
As JP has stated, we will be the last to know......

Friday PM RNS?

Here's hoping......

GLA