Member Info for Peakybrum

I asked question few weeks ago which olderwiser kindly answered
We’re producing 550 bpd of mixed oil ngls and condensates a day but only earning income off the oil 200 barrels a day
All hopefully rising now blockage removed and choke opening increased
It was explained we need a separator on site to seperate all condensates ngls and oil and then input into taps and create a full earning off the whole 550 barrels but was told it won’t be looked at until possible 90 days flowtesting completed
My question is with jay saying well is commercially successful and infrastructure is in place for a long term production well now
in place why would we not install the separator now to capitalise on the 550 + barrels were now producing
And not wait
Answers appreciated

Another basher here on the board
Blimey is it us or all companies get these guys with all doom and gloom
If company is crap don’t invest and move on simples if happy to hold be happy and wait
It’s not about me you or rampersor derampers it’s all
About the farm in guy being happy with
What’s proven and pay us some
Money to prove the rest up so we can package the lot up and sell so jay can enjoy his retirement and not deal with a bunch of idiots everyday
End of

Omg won’t be surprised sp ends up in the red after the good news this morning
Flipping aim market you’d cry if it wasnt so funny
Bring on a full buyout by a multi and let’s have done with these games

Let’s now hope this gives us credibility in the eyes of any would be farm in partner of problem solving in this environment on this type well
Took a little longer than anticipated but checking weather there was -35. The other day which is mad
Looking forward to independent report now and opening of data room
Should defo be back to £1.50 at least in my view

Long but I feel very positive independent report
And in-depth
So looking at pre drill £2 a share and potential £10+ if I read it right after production flowtesting talitha and theta with positive results
And lots of comparisons to prudroe bay well discovered from the early 60s
Anyone else feel positive re the report

Thank you olderwiser for that and your valuable knowledge is appreciated by me and all on this site
Just to confirm we are only receiving payment presently for the 200 bpd of oil and not full 550 barrels of mixed
Oil ngls and condensates at The reduced rate of 80-90 % of Alaskan crude

Looking forward to seeing that lovely flare burning lighting up the sky this week
And all back on with flow testing
One small question if anyone has an idea
As we know we’re pumping mixture of ngl oil and condensates
550 barrels a day
But not being paid for them only oil but still all being pumped into taps
When will we get the separator
At cost of $750k as mentioned and so seperate on site and this generate an income from all 3 deposits produced
Tell me if I’m being a bit thick

With jay and Bob already stating this is a commercial success at
Alkaid 2
It can only
Be a win win for us
From here
So exciting

Be nice to get a few others there
Dazzle Mr martini Brom And others sounds fun and you should. Have your hickory results then too so something hopefully for you to celebrate

Also good wishes from me and my missus mickey not seen you since the brewery. And globe days
Been. Long journey for all into 88 e
I sadly jumped ship couple of yours ago into pantheon funny enough but we’re all in the same boat off the Dalton so good luck to all in both companies
Be good to see all the old faces again one day
I was Formally blingybird but bit weird a name for a big guy who goes to the gym a lot and likes a beer
Dyor good luck it’s well overdue

I think mamaris watching jay it’s a slip of the tongue and an innocent mistake
He has made a few over the last year on some of these podcasts namely getting talitha mixed up with theta drill
But very positive re farm in or partners and schlumberger taking the lead
Lots to come soon hopefully

This board has sunk quite low sadly in it’s posts and input over the last few days and for One Iwant no Part of it from here
Will await results from blockage and further flowtesting and wish all good luck with their investments if at all invested. ?????

Hi ddraig
I’m of the same opinion
Didn’t manage to Catch webinar will do
Later
Was there
Any Mention at all of data room opening or any jv partner in the horizon
Please or any interest from other parties

Hi Jilite
Thanks for post
Isn’t oil $85 a barrel at mo. NOt $60 in your post or am I reading something wrong
Plus this is-at present 550 Barrels not allowing for clearing out blockage , choke increase and reduction of further frack water

Hi ji

So to summarise olderwiser and sailplanes posts
We’re on track as forecast per projected bpd for alkaid 2
Just a little hiccup with easily cleared blockage
We achieved as we promised at theta and talitha
Last year and yet we lose from our initial high of £1.53 per share 2/3 of out value for no reason
Just shorters and management cashing in some share options
Doesn’t make bloody sense at all
Let’s hope a suitor sees through the crap and proposes a good deal for all on the fundamentals of what we have here

Sorry and to also add
We had a suitor last year with a 10 digit offer with conditions we don’t know of but still as jay has said very interested
With alkaid 2 producing and theta and talitha since drilled and flowed oil and schlumberger with their independent valuation the goalposts have now changed I’d say in our favour
Defo makes for an exciting
Webinar Tuesday week

Really good point sailplane
And all figures add up
I think all that really
Matters is that whomever is on for jv or even A full buy out are happy with those figures and also
Price of Alaska oil at this time
Oilsearch paid $3.10 pb to Armstrong
At circa value then $45 pb
And we are on the taps and Dalton this reduced production costs
Anyone know typically what these would be in relation to those out on the tundra

Hi brom
Typed in price Alaskan crude
Came up on first page $89.74
Sorry if I got it wrong

*** packet maths
Alkaid 2
1000 do sand block cleared
550 barrels now
150 plus more to add after clearance
700 bpd x $89.74 Alaskan crude price today
X. 365 days
$22,928.000.
Can go higher on better flow or lower on declining pressure from flow ?????