Member Info for PERPETUALOPTIMI

Knowing what she brings to the party; the issue will be what benefits she achieves. Another case of jam tomorrow. Enough sentiment to confirm the current BOD have not achieved benefit for a very long time.

Sad news. Breakthrough now is only beginning of only steady increase. No going back and only way to control is workover to seal off. Don't imagine it is going to go away.

Probably coming back to dry hole scenario. Only success will push it back up.

EOG still to make their contribution towards the gas to electricity project. Nothing mentioned about progress on that.

Another jam tomorrow project.

Star Energy did this in a big way around Hampshire even with Ruston Gas Turbines in sound proofing containers. Noise need not become a controversial issue. In fact the last bit of the most recent RNS does mention this power generation intent. Hadn't read it fully before my post.

Not alot of associated gas but in the current climate the best way forward is to go for a mini power plant exporting the power to the grid. A gas fuelled generator with the associated hookup to the grid.

Gauges are landed in the bottom of the well and pressure and temperature measurements recorded for chosen flowrates. Duration of each flowrate at least 24 hours and well then closed in for circa 3x accumulated flow period to measure the rate of pressure recovery. Gauges recovered by slickline, often referred to as wireline. Provides baseline data on reservoir properties as well as providing basis for potential inflow improvement. Previous RNS mentioned "SKIN". This is a measurement of the inflow resistance. Reducing the skin improves the inflow and the resultant flowrate.

Routine to conduct downhole surveys at cleanup stage. Don't become over exited about squeeze. Lubricator will be rigged up to enable Flowing and build-up surveys with downhole guages. Routinely 3 separate flowrates followed by a closed in period to measure build-up rate.

Equipment suggests well entry for downhole surveys. No sign of CTU so likely be rigging up lubricator for survey work.

Coiled tubing unit would need crane for rigging up any sort of downhole work.

PERP had the wrong field. Tanker and site storage constraints still apply.

On site storage and road tankerage capacity will play a major factor on the production rate. Nearest refinery drop off likely to be on south coast. In the past, Star Energy had a rail terminal at Alton but likely long since mothballed. Optimistically, yes, rate could be more than published start up.

Why cap production at 500 Bbl/d. Is it something to do with the number of road tankers /d. If so then any increase likely to be squashed. Only the Council knows the reason.

Seeing the mass of red on trading charts tends to support the realisation that even when Wressle comes of age the share price is probably not going to increase significantly. Only booked increase in profits will encourage upward trend, and that only becomes evident at interim or end of year results. EOG is dead in the water for some time yet.

It only becomes imminent when the workover starts. Once the mast is on location production will be close behind; even more so when the mast is demobilised.

Just have to hope Simon Oddie's optimism is better than Hugh's

Simon Oddie remains acting CEO until new candidate nominated. Replacement could be significant to the planned future of EOG and Ireland.

Still remains a bit doubtful that any serious farm in would make survey a sticking point. If agreement is based on "conditional" clause then simply say so. Hardly a big loss of face if then (unlikely) not approved after all the effort satisfying piecemeal requests for additional responses. Something much more complex behind anyone agreeing to farm in. Beyond a farm in a merger could be the conditional factor. Would become even more critical if Wressle does not materialise. Global warming not helping the very thin ice now under EOG.

The long delay over Ireland proves Hugh had been living in cloud cuckoo land. He either lied or was led up the garden path.
Whatever, the ball is now with the residual lot who await announcement of replacement CEO. Could a merger be looming? As days go by the ice gets thinner for EOG. If Wressle goes belly up then radical measures are desperately needed.