Member Info for No1Scarlet

Http://www.cnbc.com/2017/11/30/oil-markets-opec-production-cut-extension-in-focus.html

year from now, we'll all be wondering what the fuss was about!!!

if our friendly MM's will have sufficient stock, when the news of re-funding does hit the door mat. A few buys going through today.

At my age, I can't remember

Was I being scarcastic?

find it a strange coincidence that we have a delay in Cogcc data being published for September! Just before Cogcc update, we get an RNS from Hawk, which shows a fall in production in September, but a rise in October is also published within the same RNS. It will not suprise me if next update for Cogcc will be around the usual update dates 11-17 of the month. Did Rick have concerns about our SP falling further!!!!

let's hope the work over at J C 4-2..proves to be a good investment. They must be looking at Salen again!!

For Sep we had 23 wells return records. Of the 23 record returned, 19 wells produced for the full month, 11 of these wells were equal to previous month, whilst 3 were slightly lower and 7 were slightly up.. J Craig 2-2 & Salen did not produce anything..the wells may be being worked on. J Craig 4-2 must have had a workover last produced in Nov 15, 51 barrels for that month. We had a new permit for the well enabling a revisit/redrill?, it produced 206 barrels for the 12 days production from 4 formations. Crestted Butt is now producing 16bopd, it had been averaging between 5-9 bopd. B Sky 14-11 has been off line since Jun 2015, then produced 3 bopd..Kutsons mentioned it in the hearing for original WF application. In August it produced 0.4 bopd for 22 days, in Sep 1 day it produced 5 bopd. So are Hawk currently working on this well to get it back into production to win around Knutsons for the Original WF to take off?? If i recall correctly, this well was earmarked as an injector well as production had drastically fallen!!!

Data to date is as follows from the 3 wells. Jan 346 Bopd Feb 312 Bopd Mar 343 Bopd Apr 334 Bopd may 309 Bopd Jun 310 Bopd Jul 283 Bopd Aug 302 Bopd Sept 288 Bopd However, when i added the water produced for Jan to compare with Sept, the following figures churned out... Jan 584 bo water per day, in Sept 854 bo water per day. so something is going on at the wells, we need the oil to increase and the water to decrease. Rick & Co had hoped this was going to work a lot sooner than it actually is, even at the lower levels!!

Imo..I do think WF has reversed the decline, slightly at the mo. The individual well data disclosed for September has thrown up some surprises, which may indicate why October production is up. I will highlight more later.

Cogcc data 30,327 barrels for the month. Hawk data suggests...30,495 barrels for the month.

.... strange!!! Salen offline again for September, no production. The three WF wells returning 288bopd. I will look at the other wells later.

that now we are getting monthly production updates again. Rick has sneaked that in!! Quite possible that Cogcc will now update.

the flow rates have been adjusted at the nodding donkey as poo has increased in price!!!

Bloody spell checker..... I also recall, wee william winky runs through the town, upstairs and downstairs in his dressing gown.... He/she has left us all alone for quite some time.

Hi Hick.. yes, I recall the rhyme from school!!!...lol. But, monthly up 900+ (net) but bopd suggests 796!!! I also recall, wee william wonky runs through the town, upstairs and downstairs in his dressing gown.... He/she has left us all alone for quite some time.

quote of 796 bopd returns $1,300,000 per month at $55. Not too excited

Oct monthly is higher than September by approx 900+ barrels for the month. Why are the daily bopd the same!! So I am confused..I await individual well data via cogcc

just in time! https://www.cnbc.com/2017/11/27/brent-crude-oil-may-hit-80-in-the-next-year-says-jim-oneill.html

I would hope the within a "couple of weeks" we are then into December that we should have had news about our future & funding... payback to CBA due by end of December.