The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It is 100% certain that there will be 1/2 a tanker a day from HH2.
There is a 99.99% chance there will be 1 tanker a day.
There is 99.91 chance there will be 1.1/2 tankers a day.
There is 99.5 that there is 2 tankers a day.
This based on the flow from HH1 flowing for months dry and at a constant 1 tanker a day.
Lets not forget this only from the Portland.
There is also the deeper kimeridge to consider also proved dry oil. It is even more likely that a horizontal of the hh2 Portland will have no water at all. The SP as it stands is all down to YA. And I wont go into what I think of their ethics. However I did read recently of a guy working in the same field as YA, but not them, earning £1M A year and was caught stealing sandwiches from the works canteen. Well got to go ship has cast off and I'll likely lose signal. GLA
Shame the FOTH has stopped reporting to us .Certainly appears that Alan2017 is correct when he said the Fool was only in it for himself feeding out news and withholding as it suited his dealing and using the rest of us for fodder.
Shame the FOTH has stopped reporting to us .Certainly appears that Alan2017 is correct when he said the Fool was only in it for himself feeding out news and withholding as it suited his dealing and using the rest of us for fodder. Creep.
Ya scumbags desperately selling to keep the price down. That on results they can still buy in 0.55 region. Will be good to see the last of them when HH2 produce and we can finance through decent finance company.
I think they are going to pump in that slurry mix at the far end and abandon that part. it's a matter of how many meters they do. should that be all they're doing . You wouldn't want to be out of this at the weekend. :)
They re never going to cap off the entire horizontal part. the very fact that oil has been flowing DRY from HH1 proves that they can go for a bit horizontally.
Obviously a fix is on the cards. Not like Angus at Brockham. Gonna get oil from HH2
Pump was probably stopped as not to interfere with pressure measurements on HH2. Glad to hear it's back on. So that part at least is finished. Good times ahead thanks Pboo.
No problem with borrowing money, it's the taking it back. The ink was hardly dry on the contract and they had their hand out. Over a 2 year period I read. it's on 1/4 way through and they have already taken 1/2 of it back. if they had, had some restraint I'd imagine this would be at 0.85 Nor 0.06.
BTW it is 100% certain their is dry oil in HH2 proof of that lies with HH1 Giving that HH1 has been flowing dry for over 6 months I'd say we can go at least 1,000 feet with HH2/
atb.
Rns Monday would more likely be YA Scumbags dipping their bread in the gravy train.
Go for the one you think will deliver first.
They may all be red. including my top up buy of 150,000 usual crap. doesn't mean a thing the colour lonely_
My father flew bombers in WW2 Although I can fly, I have no idea about bombing people. Teggsy LOL
Water in hh2. Yet ! As hh1 and kimmeridge both produce without water. hh2 must have horizontal limit to which oil can come out without water. So it's not a duster.
I'd predict that the worst it can be is. one tanker from each layer of hh1 and two tankers from hh2. 880 bod 86% = 750 ~
After costs an income of £9.5M ( We may stem the water further along and of course that figure will increase substantially)
Then there are other wells to drill, who is to say that another horizontal drill 20% to the west of hh2 could be No water at all. but thats for the future as it stands now. £9.5M year is 99.9 % the least we will have.
atb
To cap it all the worst case scenario. = Were in the money.
Thanks GG, They wont have a crane onsite unless it's has a job to do.
RNS 28 Jan : We are now into the third week since. What's the ******* hold up Sandison ?
" Whilst the Company wished to act more rapidly, no suitable slim-hole production logging tool ("PLT"), essential to identify the exact source of water ingress into HH-2z, was available within the UK or Europe until this time. It is planned to resume the HH-2z EWT immediately following a successful intervention "
You'll soon find, YA scumbag traders will soon offload enough for you to buy.
One overhang will cleat and YA scumtraders will open another one. We Need hh2 desperately.
Skulduggery is afoot with the SP. YA scumtraders still at it.
S.S. should have the share suspended until the water issue is dealt with . dead or alive.
Is it normal to have 2 cranes onsite to work with one well and the pump? We saw one leave, is the other still onsite ?