Member Info for NGR1616

What now BTB? Up 10%? What’s the narrative in your opinion on an upward movement?

Twunt.

"10 bagger.......60p" Then there was potential and less shares in issue. Now reservoir issues and more shares in issue. Dreaming.

So Jimbo, what are you on here for? Certainly not to manipulate for your gains.

How many posters here actually work in oil and gas, not including the ones who fry chips in the catering crew that is?

32p why not! I mean just ignore that there are significantly more shares in issue then before, and that valuation was before the water issues manifested themselves and that at 30p/ps you are valuing a company with one busted flush of a well at nearly £600m. You need to review your medication.

Tomorrow when people realise Malcy hasn’t a ****ing clue what he’s talking about.

Senseman…..you’ll be at 9200 for February.

On trends by July 2022 (6 months from now) BHP will be circa 1558psi, BOPD c. 7545 and WC c. 49%

Certainly not the end of the world assuming there are no other external factors such as the impact of reaching the bubble point as yet undefined, an ESP failure (which would still allow for some natural flow) or AM contract not being extended.

My concern is still around the GOR which does increase exponentially once the bubble point is passed. The steady decrease in production could mitigate for some of the increased gas and indeed liberated gas could provide some additional natural lift. I'm not expanding on this (pardon the pun) further without more without data on flaring and consents.

There are significant delays in the courts that will start to unwind, meanwhile they have been deploying more capital.....creating something akin to a log jam. When the flow starts it should be quite rewarding.

He does. You’ll never catch up.

Morganna1 go and tell that to the other two companies that you are accusing them of lying on here.

On your other point, if we are to believe the market is always right, then the fact this was at 0.7p was because it reflected the confidence the market had that the company was going down the tubes. Then the oil price rose and CA lawyers managed to stop the court proceedings. Well done to all who kept the faith.

Doesn't change one ounce the subsurface risks or the reality of the CPR 2nd data though. That's why I'm not invested.

BBD it's ok I think we knew what you were meaning.

The data for the OWC is there for all to see. The level is higher as evidenced by the fact it's coming out of the wells! A 3rd CPR will only confirm this, it wont ignore it.

See RNS dated 11th September 2020. It describes OWC at 1330m not the previous 1597-1678m range.

Of course when you read this, ignore that and instead focus on the sandstones to make yourselves feel better.

I couldn't care less if there was a 3rd CPR and if there were Id expect it to match the 2nd but with more accuracy because the data set will be wider. The reason for the difference between the two has been explained by the different OWC levels.

The data used for the first CPR was incomplete and therefore interpreted incorrectly. The data for the second was gathered over a long period of time once the reservoir trends could be understood which is impossible when accessing a virgin reservoir for only a short DST.

The first CPR was grossly inaccurate. The second much closer to reality but feel free to spin it otherwise Senseman. I'll stick to what I know and you can make stuff up to suit your agenda as long as everyone is aware of the risk that it is you in the wrong.

The original CPR had flawed data giving an incorrect OWC level and did not factor in the highly probable early water break through and Trice is to blame for that. When water did come 'crashing in' (as a report on FB's in other parts of the world raised as a highly likely occurrence) Trice postulated it was 'perched' which was fanciful at the time and we know now , is in fact from the aquifer.

All this is known due to the extended well test from the two wells in the early production system*.

The net effect is the thought of oil recoverable figures in the first CPR turned out in fact to be mostly water hence the massive downgrade in recoverable 2P from the only two wells based on their limited reach and access to the oil.

*In fact I'm not sure if the second CPR factored in the shut-in of 7z so it might be even less.

1m shares traded. I guess everyone has taken their positions waiting for the game to start.

interesting thought BBD. Let's hope Mintz take instruction from Nanoco though so any settlement includes repeating licence revenue and isn't just a single damages payment as arguably the latter is worth more than the former to us shareholders.

I don’t think that’s correct Hawi.