Member Info for Peakybrum

I agree cbaron
All is looking in track fingers crossed with alkaid
Even as said before it’s only 4% of whole portfolio it’s the first well to produce and bring in revenue
With this and also as rob said schlumberger giving their unbiased assessment of recoverable oil will attract and give overall view to would be jv partners or all our buyers

Thanks villa
I think the other site is looking upon us as in a some form of competitive. Position
Thanks for your post very informative
As you say it’s a speculative stock and risk
As is all exploration oil gold lithium gas etc
Risk and reward
If I wanted safer bet I’d do tescos on fftse100
Good luck

Hi guys very quiet on here today all waiting for news I’m sure
Just a post I’d like to share
It’s been mentioned on another company
Site that we are in a vulnerable cash position and won’t be able to operate without a dilution or jv
Reading jays last end of year it clearly says we have 16.6 m in bank and 39.2 mill convertible loan still available believe this is in dollars
If this is true then I assume we have enough in the pot to drill our next planned well wether in ice pad or of more cost effective drill off gravel
Pad next to alkaid. Drill
and have enough to keep Lights on rest of the year
Without a jv partner asking for terms we’re not happy with or large dilution of share capital
Any
Thoughts guys
Good
Luck and
Let’s hope webinar next week or so from jay

Hopefully off jay end of week filling in blanks
Is talitha drill ice road built
Have we contracted out rig
Are we on schedule for 23 rd Jan spud
How’s it funded
Any jv partners???
Alkaid cleanup work over rig due date??
Pressure bomb now inserted and well closed off ???
And so on lots of fingers crossed here

Re oilman Jim
Confirming 200 barrels only as flowrate is slightly I believe misleading
The 500 barrel as stated by jay is a 3 part mixture
Oil condensate ngl and has also been said is normal in industry and is same for prudroe bay
But does come at a slight discount but is still at a premium for Alaskan light
Also after full clean out of blockage and frac sand and water this can change again in mixture and during life of well
With blockage cleared
From 40% to 60% + water cleared
And well valve pressure increased due to reduced risk
I’m assuming 500 can easily achieve 750 plus
I’d like to know if there is any further risk to horizontal pipe with a work over rig coming in or is it just a formality from here
Good
Luck all

Having reread the latest rns and read q&a since posted by jay
Also on another site Telemachus and Scot views
Feel I can’t see any reason why such a drop
With a 500 bpd at this stage with a blockage and reduced flowrate controlled not to upset sand blockage any further I can’t see us any further away from our initial projections of 750 or less as previously hoped for when all solvable problems are solved
I for one am sticking with original
Plan and waiting for webinar hopefully by end next week
With shorters day traders and brokers all playing this stock I can see why the nervous are jumping ship but I really do think it will propel back up to above £1 once we’re fully flowing
Anyone know with a work over rig rather how long a typical 1000 ft could take to remove at all and full flow resume

Time for a big boy I think to
Come on board show confidence and do a full agreed future drill schedule and shore us up
With capital in the bank
I’d rather have half of a multibillion asset than 100 % an asset ready to
Blip out

Thanks brom
Again we can depend on your full and valued input
The rns was a little confusing to me as jay states were achieving 500 flow barrels to date but only 200 is oil
And 7000 so far oil sold but condensates and ngl have been sold into the taps also ????

I asked a question without I believe receiving a reply earlier
Are the 500 barrels of oil and condensates and ngl classed as a 500 barrel
Production still even though
Made up of 3 different products
And does it still attract same value of 500 barrels of oil
And if so ready things per rns
We are only 250 off the hoped for flow rate and with
1000 ft unblocked to add to figures
Extra removal of
More frack fluid
And increasing pressure once blockage is removed
740 is easily
Achievable

Thanks blackadder for positive but not a ramping post
I feel the same and read and listen to
All but these guys come across experienced and knowledgable without an agenda
I’m in for the long
Game and Friday was led by panic and end of year I believe
Good
Luck all

Rns mentions total 500 barrels made up of 200 oil and 300 condensates and ngls
Which are all being sold into the taps pipeline
Would these be at the same price per barrel as oil or is just accumulativly as a whole 500 barrels oil price as olderwiser says we don’t have the means to separate on site
Having reread rns and a restrictive controlled flowrate being used until 1000 section blockage removed and further frac fluids to min 40 % we are not that far from the projected 750 bpd needed to be commercially viable
Work over rig now coming in Jan any ideas how long time would take to set up remove blockage and resume flow back ??
Any info here from wiser and more informed would be greatly appreciated
Personally I think jay and his team has the time and money to tweak and make this well work
Good luck all

Thanks olderwiser a more scientific explanation
In your view a tad overreaction by the market?????

Wow
Loads of opinions and rightly so we’re all invested and worried
But today must be seen as a slight overreaction
And I’m
More of the mind how does oil industry view todays rns and this will be seen when data room is opened and Interest is shown
My own investment oil experience
Over the years was two well scenario on drill
One flows and one’s a duster
This flows just
Needs tweaking
Lots to wait
And see but blimey what a buy opurtunity

Just. Quick question if I may to all
Anyone know if jay is on record confirming there would be a rns confirming. A consistent 24 flow test or can he thus change it to a 30 day one or even a 90 day one before he has to tell the market
Seems we should be very close or even there by now for the 24 hour one
Comments welcome
The market

Hi brom thanks for that
Would you know if there was a platform to see whether oil has been delivered to the taps pump station and if so what amount
Good luck all

Always a disparity between us and U.K. sp In pennies. but eventually usa will lead the way when this flies in the us and a us company comes on board with farm in or full buy out takeover

Blown buy out

Re the gas
What have prudoe bay done with
last 40 years of production
With their gas ??

And to follow up if water is totally out now for it to be total flow of oil is no rns because we don’t have a constant 24 hour flow rate yet to report

Hi everyone
Whilst still waiting all I have it seems one of my daily questions probably be it a silly one too
If we have no rns then we have no 24 hour continual flowrate to report
So as some have said we are still in flow back clearing propellant or frack water injected which we need minimum 40 % retrieval
And as previously stated before blockage we were experiencing
8-12 % oil cuts in return
So if the water being still retrieved has still oil cuts are we separating this from the oil and selling the oil or disposing of the total return
And finally if it is still 8-12 % oil then the flare is huge for such a small percentage of oil so barrels would be in the 1000s a day to create so much gas flow and flare strength
Please let me know if I’m being stupid
Still good luck all

Thanks brom for input completely over my head but sounds amazing
Be good to get the gas to oil ratio and size of flame figures flowing now and if consistent
My thought now sitting here is excitement and thanks to all those sharing photos of recent flares
To just co firm to be sitting on first possible production well within spitting distance of the Dalton as shown by photos and deliverable production 365 days a year and as jay says possibly hundreds or thousands more wells blows me away and so easily accessible to taps pipeline
Whom ever buys us out is going to have a self
Funding company with investment to carry forward both talitha and theta and bring both to production
As stated very few elephant oil finds in the world today and these three being one of them
Company and schlumberger all saying min 20bill with 2bill recoverable but industry averages say averages usually 20-40% these figures with possible oip upgrades coming through shortly
Even my poor wife sick of hearing about tundras iceroads oip and gas flares is now getting very excited in waiting for the rns to drop
Key points hoping for
Oil flow alkaid
Date room opening
Farm in partner
Plans for talitha in Jan and theta
Or just a plain old buyout offer
Lots to wait and see
Good look to all whom have been patient and not sold on ups and downs