Member Info for NGR1616

Good update. Clearly reaching the bubble point doesn't mean gas is liberated one day when the day before it wasn't it's a gradual process the more the BHP decreases. What the company should do is publish its forward decline curves and the effect that will have on gas liberated and what the impact will be on production longer term.

saving the best to last........

https://www.edisongroup.com/wp-content/uploads/2021/12/Chip-Themes-Report-151221_ed-4.pdf

Are you being offered any price or just not the price you want?

I was musing last night as I contemplate my house move soon into a 60's bungalow which is ripe for some significant improvements in insulation standards, windows etc. How much use would a thermal imager be on your smartphone? Where you can spot from the inside where the cold spots are and from the outside where the hot spots are and take action for example to reduce draughts. I looked and there is a thermal imager you can buy to bolt onto your iphone sold in the apple store - currently sold out. I would expect this tech will eventually find it's way into the phones camera, maybe enabled by CFQD tech, and if so It could be a helpful tool to combat heat loss in homes. FLIR is a UK company
www.flir.co.uk/products/flir-one-pro/

Senseman your posts are becoming increasingly irrational. Are you alright?

KSA have been under-producing for years. This is perfect for them.

AM can't do any plus and abandonment work NST.

Senseman, When you stop spouting baseless utter garbage I’ll stop pointing out the realities of the reservoir dynamics in response. Deal?

For the avoidance of doubt, I only post my view when others put forward an option that this is more likely to go up, than it is to go down.

Senseman"the next RNS is eagerly awaited and will be interesting. it is unlikely to be a ball breaker either way. there is more likelihood of it improving upside, rather than downside".

Posts like these are pure speculation based on hope rather than expectation, and should be read bearing in mind the posters vested interest.

29th September RNS "production [could] be either reduced or ceased altogether"

In the absence of any amendment since, then that statement stands in my opinion.

Senseman, given all you've said and quoted in your most recent posts below, I have a couple of questions for you.

1. Why are you suggesting that production can continue to 2024?*

*There was no change to guidance in the RNS Operational Update issued 16th November where the company guiding that the bubble point would be reached between late December and mid -February based on trends.
The subsequent RNS Operational and Financial update 16th December did not update, corrected or reiterate this guidance, there was simply no reference made to the bubble point. Given that the update dated 16th November was subsequent to the discovery of the guidance during the court proceedings (that the well can continue to produce to 2024 as you claim) the most recent guidance supersedes the papers discovered in the court proceedings i.e. the well will reach bubble point in the next two months. I can't understand how this will allow production to be extended by another 2 years without something material happen and by that I mean a change in the parameters in the reservoir, topsides or with the consent.

.....the second question is

2. Are you of the opinion that when the well reaches bubble point they will :
a. choke back to within the permitted flaring consents, or
b. Shut-in as without OGA approval I can't see how you can produce at meaningful daily volumes after February or
c. Some other technical solution and if so what?

Thanks

2022 is HUR’s pivotal year that’s absolutely for sure but as to which way it will go it’s extremely hard to say. If I was happy to gamble a few grand maybe a rabbit will be pulled from a hat somewhere but on the fundamentals of reservoir single well performance it really is a black or red or zero decision.

Good luck, I think you’ll need it but I’ve been wrong before.

I'm actually a really happy individual. Lots of things lining up just nicely at the moment. And are you suggesting that the only people with a view of risk on Hurricane are a bunch of guys I'm associated with in a "boiler room'? Have you SEEN the share price?

If HUR works out the way you are suggesting it will, you'll be able to effort a new Rolls Royce with no afford.

I can't help helping people. It's in my nature, always has been.

Jimmy, if/when this goes tits up, who's going to look like Einstein then?

well if you lose all your money you'll wish you'd sold at 0.7p. Unless you are one of the new English breed who for some reason likes to cut off their nose.

I hope you can spot the irony of your post MG1......

FatSam82 you posted as a positive "Dream Production Continuing/In Place"

How is it a dream? It's a nightmare unfolding. Right in front of your eyes. It's like a helium balloon with a pin prick in it. Starts off tugging at the string tryig to get o the ceiling but over time it starts to lose its vigour and one day it you not is starts to look a little less 'full'. Soon after you note it looks saggy and before you know it it's on the floor with no pressure differential and the helium has been replaced by air at ambient pressure. That's what's happening with the reservoir. The oil is being replaced as it is removed by water and as a result the pressure is dropping. Soon the gas in solution will be liberated as the oil is produced and it's effectively an exponential rise of the Gas Oil Ratio from there. I'd say Lancaster is at the saggy stage......to everyone's disappointment the next thing is it's put in the bin.

So either I'm right, or the rest are. I wonder if/when it all goes tits up if Senseman will still be lauded? We should know in the next 2 months based on previous guidance re bubble point.

Genghis 15 - spot on. Redwood the Vulcan is beyond a moron.