Member Info for NigelHaemoglobin

6 July 2021

The initial well results from MOU-1. Not like watching paint dry but staring at paint which has already dried!

What is the probability of reserves based lending on the basis of testing one well? The latest SPE revision clearly states that reserves may not be declared in the absence of field investment.

What we need are a number of appraisal wells, a full 3D seismic survey, a field development plan and a number of banks to negotiate with.

I'm happy to accept literate criticism in the spirit of free speech but surely the best we could achieve at the moment is a bond and a penurious one at that.

One for the geologists, how common is it to discover a substratum at considerable depth which is wet, almost slurry like? Not an indication that we are about to discover where the water is in the petroleum system is it?

So, a few weeks to gather data/samples etc from MOU-1 then how long to analyse such information?

CharlotteBee

I raised and posted the issue of a possible P and A quite a few weeks ago, much to the scorn of the CSE/BTEC herd.

Now we approach the two months of 'free rig parking' issue. Either way, what is completely clear is that the timeline sketched out on PG's ZX-80 after the ghastly Jan 25 RNS is now utter twaddle.

Managed to get slightly over 8p for another sell down: halved it this time.

Look at it this way, the BOD can and will work well together. I think the farmout strategy for Inishkea will work: increased.

Depends on how much you think sticky clay is worth, what you ought to be demanding is a fully coherent, thorough and immediate update from this two man band!!!

For the moment you are on watch for further criminal allegations, I have to take your clear low IQ and background as mitigation: just football type trash talk from one of natures' minions.

An absolute classic, brilliant stuff H.

Certainly a reactionary numpty...

Sorry old chap, studied sciences, engineering and some other esoteric subjects: literature is pure leisure. Reading Catch 22 again at the moment, think you are in it haha! Yossarian to a tee...

Not complaining, speculating on funding and other issues has, for the greater part, maintained my holdings in profit...

Deeply embedded now, most of you will be psychologically paralysed and completely unable to sell. This is due to the relationship that you have entered into with your captors, who shall remain nameless...

Anyway, back to reason why we are here.

1/ We need to find dry gas under the clay seal

2/ We need to drill deeper with no further dilutive placing (even Oz has finally posted about funding rather than 'interesting' stratigraphy.

3/ If (as is probable) that no value exists below the vegan mud smoothie we will need money.

Don't be an infant Sgt Mule82, slime moulds are interesting. Ulsterisation usurped militarisation with the net outcome being a good outcome.

That process was very interesting and has significantly improved the probability of long term peace, run away and live in the past or enjoin our British future old chap.

It is those incremental weekly rises which should alert PI's of real potential, no hype but steady percentage gains.

Thank you Oz, we agree that there is just enough cash to complete MOU-1 and MOU-2.

So, will the results be sufficient to negate another fundraising? Well, you will be good at stats so of course the answer is: we cannot possibly know until MOU-1 testing results are both in and analysed and we cannot possibly know until PRD understand what is beneath the sludgy clay layer.

True?

Drifting is not permitted on the Nordschliefe where I will test my creation in Spring 2024.

If you can, find an independent bookmakers although they are rare these days. Ask the bookie about odds, honestly I think you might learn something! I'm sure you are great at pooping out a 3000 word essay about a Graham Greene or D.H.Lawrence but you really need to get your head around basic numeracy.

An honest and direct suggestion tmh.

What probability of eventual commercial success do you assign to the three regions of business? Has there been a radiation leak up in Hartlepool?

Prefer hiking in Wales to that sort of place, India and parts of Africa can be fun but most of the ME, Oz and NZ are off my radar.

Saved your outlandish SP predictions Harrison, what are they this week?