Member Info for NigelHaemoglobin

The priority issue with Hydrogen is embrittlement of metal alloys existing throughout the network and in commercial and domestic equipment.

Interesting, do some research on Science Direct, a huge range in pricing and volumes required depending on chemical composition.

Could be a big hit and a reason for a placing if planning another well, skimmed some chips off the ever interesting gaming table.

Hold or sell?

The priority is if we can discover commercial dry gas within the tight constraints of available cash.

Maths is never irrelevant, only those who have no (ie you) interest in the basic stats of risk or indeed the more difficult evaluation of placings are irrelevant.

Around 50:50 now to find something worthwhile. The timeline which was pushed put by PRD is now almost as pointless as tmh...

Good news all, recalculate the GCOS on page 23 setting aside PG and other geos 'feel' for the ground the basic GCOS is now 42%.

Hence, with pure guestimation of available drilling fluid either prepared or in on-site miscible form I sincerely hope that my switch from overall caution to my posts re 'A Positive' are comprehensible to those with functional CNS's.

It's either dry gas pay, reservoir but empty, water, amorphous rock or one of those black columns from Arthur C Clarkes Space Odyssey.

I would suggest, go back to the document on the geological risks page (after all, what can non-Antipodean, non-geo types rely upon) and reduce the risk factor for seal however, we cannot 100% verify the lateral extent of the 'mud smoothie'.

In my logical but non-geo view we have an enhanced GCOS. It is still a gamble, we await an RNS (yes Paul not the t*ssing Sunday Roast) that the arrival date of replacement liquid mud or on site miscible compounds is confirmed...

For the sub literate I clearly posted 'addendum', in addition after years of having a mostly negative viewpoint I posted 'A Positive' after the presentation.

Now, I'm genuinely sorry that you are all mostly out of pocket and chasing losses à la Betfred but ask yourselves who your allies are and if they have sold down on the back of the hapless shouldering all the risk.

I think it is 50:50 now that we have a monster, well over the 27% GCOS for MOU-2(4) in the Jan 2022 CPR.

If you have 'capacity' issues at least exercise patience in buying.

Was difficult deciding to sell down, clearly something was wrong, duster, water wet, drilling difficulties. Not exactly helped by PG not calling the spud but it's always fun trying to outwit him.

A positive
01 Feb 2023 12:04
Clearly Zeus is a capable person and prioritises very well exactly where the various logistical and funding factors are ordered.??If the rig requires a full replenishment of drilling fluid we will 'only' require two tankers or if mixed on site from dry substrates possibly one large dry goods trailer. If I'm not mistaken the mud tank is around 70-80 cubic metres capacity.??It all comes down to where the drilling fluid is sourced, its cost and mileage/resting rate for the artic(s). Pure guestimate but I think we are looking at a sub 100k stg cost.??Anyone with knowledge of specialist drilling fluids should contribute.

Addendum, AFTER the presentation quadrupled holdings.

HOW TO GAME AIM, LEARN INDEPENDENCE OF MIND AND IGNORE TRIBES OF BELIEVERS AND THEIR CONTROLLERS.

23 Jan 2023 13:34
Posting links to the Sentinel site is pointless, you need to understand the frequency and bandwith for effective spectroscopy of a flare: without information as to precisely which compounds are being flared and without professional (expensive) fine resolution imagery you will struggle to spot anything.??Yet more bilge by the rampers to keep the gamblers mentally frozen rigid. https://en.m.wikipedia.org/wiki/Boiling_frog??Adjusted downwards, still have enough to profit well from a big find. Atb all. Addendum (Sold 35% holdings).

You must be well out of pocket then donal but you might have hit the sweet spot investing in RKH sub 10p. Could do very well!

Not necessarily Madman, I may be mistaken but unless the CT rigless testing team have been put on standby MOU-2 will be completed first followed by mobilising the testing team to action the testing of both wells.

Stay flexible and always trade in and out to optimise sp average, with these outfits capital conservation is the priority. The blinkered old raver is back carping on about VALUE, hopefully taken on board the education provided by the sticky mud event, sp destruction and posters who retain mental flexibility in a crisis...

Brilliant yet rhetorical question tmh. We are indeed fortunate that you lend time to post.

It would be easy to assume that the drilling fluid or miscible dry substrates would be sourced in Aberdeen thus requiring a 2000 miles road journey with two sea crossings.

Not necessarily the case, slightly less pessimistic now.

I must have banged on about PG failing to have the patience to invest in 3D, was it not a prerequisite for the two farm in suiters?

Well Golgafrinchans cat A&C died out from a pandemic started in an infected public telephone, the 'B' arkers were frightened by propaganda about a mutant giant star goat and fled.

Brilliant radio play and TV series.

Oz I think you have inverted your P10, P50 and P90 estimates?

Agree Zeus, we are involved in a rather blurry statistical field but on balance I call a weak buy and have acted accordingly after calling a halt to my own holdings adjustments pending the presentation.

I think we are proximate in terms of trying to evaluate the bigger picture. Yes Oz and the pure geological viewpoint has merit but I reiterate that we have a de facto drilling/exploration company with significant and periodic funding difficulties.

Faith in PG alone is belief without reason, now it is up to Lonny to confront the manifold logistical issues.

Clearly Zeus is a capable person and prioritises very well exactly where the various logistical and funding factors are ordered.

If the rig requires a full replenishment of drilling fluid we will 'only' require two tankers or if mixed on site from dry substrates possibly one large dry goods trailer. If I'm not mistaken the mud tank is around 70-80 cubic metres capacity.

It all comes down to where the drilling fluid is sourced, its cost and mileage/resting rate for the artic(s). Pure guestimate but I think we are looking at a sub 100k stg cost.

Anyone with knowledge of specialist drilling fluids should contribute.