Member Info for seaace

At last. Ticked up a wee bit. Your starter for 10 lol

IF this is true the BOD had better watch out as I will sell my house for legal expenses and call the Police to investigate forward selling and watch them all roast in clink mm's included plus will show up the FCA for allowing the practice to go unabated...

Noticed Sweeptech was following the flatbed and amongst other things are licensed for waste disposal.
Immediate thoughts are kill fluid or maybe fluid after a clean up downhole.
Any other theories out there???

Just as well they changed the order of things as if you look at the perf pipes you will see what looks like dried out water/mud residue on them and very little oil on the one to the left.
Good indicator where the plug might first be positioned once they get around to the isolation aspect of things.
Be lucky...

bumblebee1

Then do one as the last thing we need here is some sort of a newbie wailing all doom and gloom when the vast majority are in a positive mindset with the water problem being looked at and when they get round to Balcombe, having slugged at 3000bbl Lidsey will have to come up with something special which is IMHO could be on the cards already.
Happy Easter...

The important feature to grasp is they are licensed to produce 24/7.
Given their location, access to the waters to the East of the I.O.W. should be a doddle and by the looks of things, we are not the only ones looking for a well in this area. Our strength would be it would be a land based drill/s and not subject to the horrendous off shore costs.
All in all a clever move and should either Brockham or Balcombe or both produce I would think any plans the Company have to exploit this avenue will bring this to the fore.
Be lucky...

They double bagged cuz someone waded in and purchased a 29% block holding probably with a view to getting a seat on the board.
If there's anyone thinking of doing the same with Angus it will be by the grace of weak sellers and those content with a profit but will be the first to complain they were robbed when the SP just carries on to the sky but without them.
The point is if you consider yourself a LTH with a plan in mind as to where this Company is going best just let time do it's thing and reap the rewards you anticipate.
Be lucky...

B O P Blow out preventer

Level 2 offer just jumped from 6 to 64 with the next 3 on 67.
Bring it on...

Slightly off topic but can you answer a question that's troubling me.

When a surface test is carried out and the indicative sign is they have found fluid (oil??), is the depth of (or amount) the oil apparent or could the surface oil mask any water underneath and would a VSP have the same result ??

Cheers

It is one thing to advise the Companies intention to look at other assets and opportunities but it is another thing to take it a step further and realize that there will be even more dilution when they need funding to carry out operations.

Some have talked about taking out ALBA, but if you consider our m/c, do you really think they would sell their 11% for half it's worth - unlikely as it's not just management that have to be convinced but the shareholders will have the final say as any deal will be subject to approval.

The noise here is the fact the results of the expected CPR appear to be being sat on and through the smoke and mirrors one has to find their way through, until it's announced, best to just sit on one's hands and observe from a distance.

Be lucky...

Just checked on past news from the Company and you will see that Balcombe flowed at 22.5% in the 1st test and 6.6% on the second which seems to mirror what's happening at Brockham as quote -

The well flowed naturally to surface upon the removal of the completion and
clean up fluids with flow rates rising steadily as the test continued.

The point is water is NOT a new issue for the Kimmeridge and thinking they flowed over 1500bbpd, all the signs are there once the water zone is isolated the only bad news would be if the above figure is not eclipsed bearing in mind the length of the perforations.
Looking good me thinks.

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Roll on the CPR - it's gonna be like electricity on steroids lol

Now we know that there is a need for topside modifications to cope with the anticipated oil-flow amounts the paramount issue is the pipe-line to the refinery.
The question is, is there another pipe-line close that we could use so that work on TLP104 can be expedited.
Also, although JB states he's looking at 500bpd, this is only the MENGO commingling with R2 but should they find an even bigger pool in both the Djeno and Vanji, then at 15000bpd (believed possible) and assuming he gets his extra 25% from SNPC, there could be 13000bpd PER WELL flowing into the Company coffers or in plain figs, $180MILLION per year.
NOW MULTIPLY THAT BY 6 - 8 and that's not even looking into the forward earnings value.
Oooh, I've just gone weak in the knees.
Call this a ramp maybe, but the truth is already out there.
Be lucky

Big buy just jumped up. 420000 @ .75 £31.5K
Lovely...

Don't know about you guys but I think the presentation tommoz is going to be a blinder and will get the ears of certain parties with sticky fingers.
Maybe there will be a placing but if so, I only want to see 2 words - over subscribed which will signal the big boys are moving in.
Timeline wise, I doubt our CEO is going to jump straight away as IMO he will wait until all plans for 104 are drawn up and passed as he is aware of the tactics of delay the other side could implement which strengthens his hand re the outstanding amount that is due.
Now that we know all 3 target zones are prospective producers, my biggest problem is whethter to flog all other holdings and move it into here.
Ain't life a bitch lol
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Skittish.
As soon as the Mengo is worked on they will be producing, you know, MONEY INTO THE COFFERS and production could happen in days not months.
Our problem, if we have one, is traders like you just being greedy or is that too close to the truth.
Filtered...

Soon gonna be time to spot waste tankers and then heat haze from the stack and hopefully, OIL tankers.
Lovely jubbly.
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Skittish.
Maybe you haven't thought the instead of all $10m being handed over, perhaps they will give $5m and give a greater % over to AAOG.
This will do 2 things which 1, increase our future profits and 2,the authorities still get a rake off from all production.
Win win for both sides and NO call for a placing.
Be lucky...

Looking good so far today with only 1 sell. The 2 large sells (8:11 and 8:17) are in fact buys (check timing) so should tick up soon.
Be lucky...