Member Info for MCB55

The point of sale will be at the refinery meters, BP would not trust any other measurement,

Oops won’t=want
Te=be

I can’t find a reference to 72hr shut in either;, but I would expect it may well be the case, as in a DST, they will won’t to measure/track the pressure build up curve. The shape of which can te analysed and can reveal quite a lot!

When do we expect an operational update on all matters do you think?
Maybe early June?

Adult,
Fully agree that Steve73 has got it near enough right. Just to add my bit, the tests described are essentially the same/similar to a DST. In the long distant past I analysed DST pressure charts to calculate all manner of things including porosity and permeability, and analysts will have moved on enormously by now. Essentially it is the shape of the pressure build up curve after a steady flow period that defines these characteristics.
Btw just show how old I am now, those chart calculations were made using a hand calculator, not quite an abacus, but not far off!

Yes quite possibly, hopefully when this bout of selling is over we can get back to normal and some upside,.

so = sp

Cebo,
I agree, too much going on over next 6 mths for so to stagnate. I see Warwick drill results, next 2 drill results, Capital Markets Day and move to main market as all pushing the sp, and obviously ongoing stable production resulting in proving up FB theory by end year.

Hey mate you don’t need a training course just hold your nerve here and you will be well rewarded!

Hold as long as possible no question,

Yes I agreeis that it will be mentioned at the AGM without a date, maybe a quarter target (my guess is likely 3Q and definitely 4Q). It will be definitively stated on Capital Markets Day (yet tba; but my guess is 3Q), and will be either on that day or certainly within a month.
IMHO

Add in
AGM - early June
Capital Markets Day- tba, say mid July
Move to main market - say sept.
Not technical milestones but key sp moving events nonetheless!

It definitely will not be 15K bpd tomorrow for sure!
However they will be testing max (ish) flows per well for v short periods and then shut in to monitor pressure build up, etc,, like a DST over the coming 3 weeks. IMHO

Wellwell,
Do you think that the whole of the N Sea have signed the Official Secrets Act!? lol

Thanks Diego.
That means 22 days from now is 30/5 and FOIL, just in time for AGM!
Also 6 mths hence to prove production and the reservoir is 1/12/19, that plus 3 Warwick drill results by then will mean a big re-rate by end year!

Diego55
I hope you are right, but what is the basis of your statement!?

Yeah ".......not saying a 10 bagger from here......" He is either highly irresponsible and loose tongued or that was deliberately dropped in to suggest the strong upside! He can't be seen as a blatant ramper so he hedges his comment!

Ok got it!

Which Malcy blog was that, re not a ten bagger!? Missed it!

Most oilers on here appear to be from a offshore/technical background, so are there any out there from the commercial side of the upstream business? Because I would like them to advise us all on what they HUR commercial are doing right now and how they go about stitching together a deal/farm in/mutliple partners? I personally don't think that HUR commercial dept are just sitting around like a wallflower waiting for an approach, do you? They will be out there networking big time trying to drum up interest and may already have the barebones of a partnership arrangement in place with 4-6 companies subject of course to 6 mths stable production. These sort of partnerships don't magically appear overnight!
Of course a multi partner farm in doesn't preclude a big bang take over or hostile bid, but once in place it complicates matters somewhat!
I have been to many Partner meetings as an operations rep, but never been involved in their original creation?
Any views?