Member Info for NGR1616

AK do all oil wells produce the same amount of oil from start to finish or do the conditions change? Does the pressure drop or perhaps the aquifer levels rise until you need to do a water shut off perhaps? Of course we know 7z used to be quite prolific and is not shut-in due to water cut and 6 is heading in the same direction. It's just a shame with an uncemented liner in a bare back completion you can't do a water shut off, not that it would last. AICD's might be worth exploring but again without anything behind the casing they won't work either. This is the crux. The wells are ****ed. The reservoir is ****ed. The company is ****ed. You are all ****ed. Sorry but that's the reality. Why on earth did you buy back in when that RNS came out?

Seriously!? It doesn't matter what was logged. That is a snapshot in time and a place. The reality is the water being produced that shows the OWC is much much higher than the original 'MODEL'.

Rosie. Can you dispel what I wrote? People like you are far more dangerous than those pointing out the realities of the situation.

The oil is running out. That is the issue. Water cut will only increase. What happened to 7z will happen to 6. That’s if the ESP’s don’t **** themselves first. Forget the corporate action and realise all of the above as this is the root of the issue..

just tell the court that you believe the water is perched and the rates will be declining forthwith.

Markman was priced in once the initial findings were aired. PTAB isn't yet in my opinion.

For clarity I'm not a deramper. I'm not invested and can see the wood and the trees.

Everyone who is still invested and considerably underwater is understandably looking for a silver lining, clutching at straws, suspicious and believing in conspiracy theories like scams and paid posters. These are as ridiculous a suggestion that the earth is flat in my unbiased perspective.

I genuinely feel sorry for everyone who has lost money here. It's been a very sad tale.

it's running out of oil. That's the bit you should be focusing on. The rest is just noise. WAKE UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

"AK has always ramped this."
Nonsense. But have always been interested in the technical side, and stiil believe in it.
Push off, Nigwit.

You put yourself forward as an expert. You shouted down those who argued that there were significant risks in basement reservoirs. You convinced people you were right. You were wrong. You've been wrong about everything. Why on earth do you think you are right now in relation to corporate actions? It's a dangerous combination and I recommend no one believe a word this person says in case they lose more money as a result.

AK has always ramped this. I suspect along with losing his own money, he’s cost many more with his oil knowledge......which whilst it might have been useful for attic oil, doesn’t work in the basement otherwise he’d see that this ship is up to the gunwales.

You either need help, or you are gaslighting AdoubleUK. Which is it?

No number of conspiracy theories can hide the fact that the reservoir/wells are not performing and that the oil is running out. Why even try and defend the indefensible? It's not going to get any better, it's only going to get worse, assuming that is the ESP's don't fail first. Notoriously fragile things they are. If the company had no debt then perhaps they could generate enough free cash to develop Lincoln or try a fix on Lancaster, but they are bound by the bonds.......

whilst calling this a scam etc. has it escaped any of your notice that the 7z well is full of water and 6 is fast catching up indicating that the oil that was there is being produced and will soon run out to be replaced not by more oil in another part of the reservoir with some magic new well......but by water. These wells were drilled in the sweet spots and they've turned sour. Accept that before you criticise the current board or the bondholders who stumped up the cash and took the risk in the first place.

Appreciate that Nanonano. It was amerloque who was talking about taking over ownership of Samsung factories to supply Samsung QD's

Amerloque maybe it's just me, but isn't this all a little bit left field? Surely it's a case that there would be a simple licensing agreement put in place for Samsung to continue to manufacture dots in the existing factories without any upset to the supply chain?

As for the RNS today. Where is the original RNS stating a new customer project started in May 2020? The fact there is only one RNS in May in relation to a supply agreement and that relates to STM means that unless the other one you refer to is so secret it can't be announced, then there is a breach of the rules as that is market sensitive information.

Just did a search and there's some stuff on the news just now about Hurricane Energy and the risk it poses to North Georgia as we enter into Hurricane season. Good work guys, keep up the efforts as it's clearly working.

I believe there will be an out of court settlement prior to October along with a supply agreement.

So why now refer to STM as important European customer? It's very similar to the Apple rhetoric.

Presumably STM want to keep product development under the radar. Speaking of which surely it's only a matter of time before our QD's are used for military applications. Not that I'm in favour of such developments apart from potentially profiting in this case.

This is STM in my opinion. This from an RNS in May 2020 which ties in with todays announcement that the project started in May 2020.

"Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from its technology platform, today announces that it has signed a Quantum Dot Material Supply Agreement ('QDMSA' or 'Agreement') with STMicroelectronics International NV ('ST').

The QDMSA is a framework agreement that covers both development work and commercial supply of nano-materials for use in various infra-red sensing applications over an initial five-year period. The Agreement extends the collaboration that was in place while both companies were working for our mutual significant US Customer.

Orders for development work on material for a new application and small scale volumes of an existing material have already been received. The first phase of the development work which started in April is scheduled to last until December 2020.

The new purchase orders are material in size for Nanoco and underpin the extended operational cash runway to Q2 2021, as recently announced in our Interim Results on 30 April 2020. Any further purchase orders will improve that position. The QDMSA also commits ST to certain minimum volumes in the event that future commercial production orders are required.

Waste of time. Read the disclaimers. The OWC in 2017 was proven inaccurate as soon as 7z started to increase WC. That’s the point everyone should have sold and it’s nothing to do with the accuracy of the ‘17 CPR which was based on availability of information. 7z proved what was thought to be oil was in fact water.

Don’t worry AK

“It's their reputation at stake, not mine”

Your reputation is intact. As a ******* ********