"Well that’s FOTH gone again, what a pity, he was getting shown up for what he is, I actually think he is glad to get thrown off here,"
If only - Adrain is, as we know, someone who really needs professional help. he comes on here over and over for two reasons - firstly its all he as - he was never happier than when he could sit outside HH in his van and count tankers and chat to the Security guys. Take away LSE and what would he do?
Secondly he sees it as a game - how long can he stay on, how much rubbish can he spout before he gets chopped. I'll bet he has as spreadsheet detailing the whole sorry saga - names dates, number of posts................
We're stuck with him unless LSE bring an injunction - and they aren't going to waste money on that
My fear is that I'll read about Adrian in the press after he does something other than sit behind a keyboard
Oooh another song - just like
Blue is the colour, oil is the game
We're all together and winning here on aim
So cheer us on through the sun and rain
Cos Uncle , Uncle is his name.…
Come to Horse Hill and Adrian may welcome you
Wear your Ukog Tshirt and security sees you through
Sing loud and clear until the tankers flow
Sing Ukog Ukog everyone
"Adrians information has been a good source here for improving production rates to come. "
wizard125 Posts: 3,128 Price: 0.1375 No Opinion 29/10/20
RE: 2x 40 Million BuysThu 18:36
roganjt Will they still be considered insignificant when sold in the future for 2,3,4,5p in times to come?
"We can, however, still offset our historic CGT credits as a portion of our Capital Allowances against any EPL liability."
We may be able to but any potential buyer will be looking very carefully as to what they can and cannot do with those losses
It may sound odd but I beleive all of them -no-one is stupid enough to lie in an RNS .
But they are all (almost certainly) looking at different periods. EDR are often very conservative when it comes to handling expectations, UJO have a habit of looking on the bright side. If ANGS or UKOG were in Wressle we'd see the absolute max flow rate ever achieved even if it was only for 60 seconds.
No DONEK - Panther clearly knows what he is talking about technically and has researched things properly
the risks are there - its part of the business. Just not liking that fact doesn't mean they go away.
until they reach TD and test the well no-one can predict accurately the result.
"I am sure they have done ALL their homework for this sidetrack to be reasonably successful,"
For sure - they will have seated blood over the sidetrack location I'm certain
problem is if the data isn't good enough there is a risk - you can't do much about it other than shoot new 3D seismic ( a couple of years and a couple of million) and no guarantee it will be any better. Something we have to live with .
GreyPanther Posts: 818 Price: 0.96 No Opinion
RE: market sentiment beginning to change?03 Jul 2021 16:46
Hi there gkb47. For me the jury is still out on whether the re-development of this nearly depleted gas field will be a technical, let alone a commercial success. It might, of course, be rescued by a rising UK gas price, which would be very good news for all our shareholders. Regarding the pros and cons of sidetracking either SF 5 or SF7, I wasn't able to find nearly enough detailed geological / well logging info on UKOGL's website to help me with this. For example, I still don't know which of the many fairly thin reservoir sands have already been depleted in various areas of the field, nor which reservoirs are locally or maybe more regionally absent. The most telling fact for me is that SF5 has never been sidetracked (were the results of that well simply too disappointing?) but SF7 has been sidetracked four times as 7Z, 7X, 7Y and 7W. I don't know in which order these were drilled, or what their bottom hole locations were, but it doesn't seem to me that many - if any - of the results were much good. I heard that Roc pulled out of the UK and out of SF in a bit of a hurry. I believe Wintershall and others then picked SF up but soon dropped it when their gas storage plans failed to gain approval. If they couldn't make a go of it, I'd be worried that the Angus technical team may not have the skills, or maybe the luck, to do any better than their much better qualified predecessors. However, I could easily be proved wrong; it won't be the first time!
GreyPanther Posts: 824 Price: 0.90 No Opinion 05/07/21
RE: Side Track > P90 Confidence LevelToday 10:34
Thanks WG818 and gkb47. I've now had a fairly thorough look at the UKOGL, Wingas and Geol Soc published info on SF. IMO there are some fairly serious technical issues to overcome for ANGS to drill a successful side-track well.
1. The only reliably mappable seismic horizon across the entire field occurs some way above the individual reservoir sands, and it's not an easy event to map. The individual reservoir sands are mostly quite thin, and they appear to me to be seismically invisible over very large areas. Since many of the sands are too thin to be mapped individually or to see, finding them by drilling for them maybe quite problematic.
2. I hope that Angus have reprocessed all of Roc's 'vintage' 3D seismic and any more recent data by now. But they may not have, due to their previous shortage of funds. So they may have to drill almost "blind", unless they sidetrack into an area which already has a well or wells not too far away.
3. If there are any significant un-depleted reservoirs at SF, they are likely to be some distance from an existing well. This will make them hard to find without a highly detailed re-evaluation, e.g. some clever new geophysical mapping and or geological / well evaluation. I am quite worried that Angus may have to sidetrac
"Are you saying Shore Capital have more updated production numbers a"
Pboo - What will interest any buyer are the daily numbers AND THE PRSSURE data - that allows people to see if they are pulling the reservoir down hard or not with implications for long term flows. NSTA give production but not pressures