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Look here guys, especially those who have never muddied their boots on a drilling rig, things are going to plan as I see it.
It is an appraisal well, and the primary purpose of the extended well test (EWT), and I emphasise “extended” was always about the gas and its commerciality. In particular the operator needs to know how soon any aquifer water breaks though, if any, and its rate of build-up, in order to design gas production wells and process facilities. This is a known issue in the Kirkham Abbey carbonate formation in Yorkshire. That task will take perhaps six weeks of continuing flow and flaring. If any water appears it will be removed through a knockout drum and tankered away.
The early stage of this testing was to identify the unexpected hydrocarbon liquid in the lower 40m metres of net pay, and once the well was cleaned up, it would take 24 hours to do that, including any shut in and pressure build up measurement to assess permeability. We have already seen the flare, so that work must have taken place.
All the equipment for that has been and gone, including the coiled tubing for acid wash, and the test separator for oil/water/gas separation. If there is a case for further liquid testing with more site storage, then the operator may come back and do that. All this kit has an expensive day rate, and if it not being used, then it is off-hired PDQ.
The primary purpose of the EWT is the gas, and that is to come.

You can "lodge" an RNS in the system with an embargo for publication or immediate publication. "Logging" it is not an option, even with a 1 trade.

ST
There has been no premium paid so far today. Live quote is 3.87
Stop putting out fake news

Perforation of lower zone complete, tubing and test packer run into hole , derrick lowered as not required durng test. Waiting on safety checks before opening test tree choke valves.
Nothing ominous IMO

Surely there cannot be any doubt that flow will be achieved during this extended well test. The test is restricted for the Kirkham Abbey carbonate formation; a 40 metre liquid interval and a 25 metre gas interval. This carbonate formation is found all over Yorkshire and it has been explored since the 1930s. Each successful discovery, and there have been dozens, has flowed hydrocarbons to the surface.
The reason for that is that the formation is a tight slab of “chalk” which has been naturally fractured to smithereens by overburden pressure. The fracture maze represents most of the porosity, as opposed to only around 5% porosity in the chalk matrix itself. The fracture maze also provides very high permeability which allows fluids to flow easily.
However, this same high permeability has often allowed water from aquifers to seep in and preferentially flow through the formation ahead of gas, causing increasing water-cut and eventually the well watering out.
The purpose of this testing at West Newton, in my opinion is find out how soon the water appears if at all, and what is the rate of rising water cut. 4 to 8 weeks is required to determine this based upon historical wells.
Technology has moved on since the 1930s and this kind of water cut can be managed during any development. Long horizontal wells will expose relatively more matrix and less fracture porosity to the wellbore. If a horizontal well is drilled just underneath the formation ceiling, it gives gravity the chance to contain water cut to the floor of the formation thus delaying the onset of water breaking through to production significantly. Xcite Energy proved this concept at Bentley before they went broke. Artificial lift might also help.
I understand that the lower 40 is to be tested first. There is bound to be associated gas sent to flare. No need to look for tankers.
Comparison with the Kimmeridge Limestone in South East England is like comparing chalk and cheese.

A perforation gun is not a hazard. The hazards are the detonators and shaped charges which are kept apart until the gun is assembled for deployment down hole.

Detonators and shaped charges are small items and will be securely stored in small boxes. You will never see them go in to the site but they are there.

I have sold this space to Simon to use instead of tweets . He gave me M&S vouchers for exclusive use

Time to buy gold, not oil, IMO.

"Weil also advocated the use of electricity-to-gas conversion and transmission."

That is the process of electrolysis of sea water by wind power to generate hydrogen gas, to power fuel cells in vehicles. It it not G2W.

Don't give Minty yet another idea which he cannot deliver.

The last trade was 0.09 but the spread never moved and mid point is still showing 0.115.
So HL is using an erroneous algorithm which shows a 26% rise.
Meaningless

RMRI (Risk Management Research Institute) is a joke.

An oil industry shop steward who spent some time in Newfoundland told me the culture is:
Newfoundland first, Canada second, rest of world third. So Minty clan is in third class
There has been relatively very little onshore oil activity on the island compared to offshore, and what service work is to be had, has been monopolised by PVF people and their allies. To get to a point where the only available service companies are taking EOI to court, win or lose, spells the end of Newfoundland as a NUOG asset.
If NUOG win, their name will stink to high heaven with the locals, and no hope of further progress; they will be blackballed. If they lose, they will lose the asset to the EOI liquidator. In either case, the Shard loan secured on the GH licence will likely be called in.
There is an existential crisis for NUOG, because the 50% of MFDevCo is worthless without any projects. No surprise that the company is in lockdown.
There is now no hope of raising sufficient funds via a placing to acquire producing assets in Central Europe as Scotton suggested in his stuttering podcast.
As Executive Chairman, perhaps an unwilling one who was forced to stand after Minty was forced out by LT, Lyates and Seadog et al, he has failed spectacularly. 95% value destruction! I mean, even Mickey Mouse could achieve that.
It is time for accountability, and I think the silence suggests something stinks in Castlefield House. There seems to be no-one capable of any leadership.

ST gone?
Perhaps the IPO spivs have all gone now? Surely he was one of them.

I think the 2 x 28 were a rollover on the ask for a fee of £360. Someone going long on delayed settlement.

The 47 is different story, who provided the sells to cover that? You wonder about the Chrisoil strategy

"Keep the faith ... the darkest hour is often just before the dawn."

A condemned man knows that, when he is being escorted to the gallows at 6 am.

Watching that video, it was the first time that I knew the original name of Rockhopper Exploration.

"The Registrar of Companies for England and Wales hereby certifies that
CRUDE LTD
having by special resolution changed its name, is now incorporated under the name of
ROCKHOPPER EXPLORATION LIMITED
Given at Companies House, London, the 5th January 2005

CRUDE? LOL ....

Barry
If I want to invest in SHP, I can and I will. It has zero and I mean ZERO effect on NUOG. Why are you pumping it on here as if it has?

First time I have ever seen a buying frenzy shut down the National Grid.

Barry
With respect for your love of Newfoundland, SHP would be bankrupt to depend on it.
Kansas is their new focus and any cash from there would be best reinvested there while the Newfoundland licences are moribund.

Indeed, Graham does mention his contacts and he mentioned opportunities in central Europe. He was an operations manager in Azerbaijan and that is the only place in central Europe he ever worked. So you can safely conclude that is where he wishes to spend your money after the placing, if it ever happens. There will be another general meeting before then to approve a share re-organisation, or not.
It seems GTW is dead after Conoco, Faroe, and Centrica are all getting out of UKCS gas as fast as they can. No deals to be had.
More dead projects piled up in Castlefield House than dead bodies in the movie Zulu it seems.
"Fire at will."

Tom Winnifrith postulated the NPV of the gas to UJO is around $50 million and DM conceded that number. The marcap is £30 million so perhaps, no the SP does not reflect the full value of the gas.