RE: massive29 Jul 2019 14:42
Blade .Stocktaker
Similar lines
I agree it is extraordinary the silence over Rig ,funding use anything .
I honestly believe and obviously want to believe that with the fact there is oil as we can see then the reason for the silence is not because of a risk to the share but is ultimately because there ae great plans in place and that anything other than silent running would cost the company in other ways.
I posted this over the weekend regarding the rig and since we are all mostly or most of our money is locked in we can just wait but stay positive.
People operating outside our reach are making money trading this share believe you me.
"I was always on the line SS not wanting to reveal his hand ie success of results, disclosure of information but all within AIM rules
Always thought he wanted the rig for a full 6 well drill and that the planning delays were slightly scuppering his plans
Then I remember he wasn't expecting planning permission to be until late in the year as he once mentioned.
I got to thinking and given the already approved 2 wells will take 3 months did he actually make a mistake commiting the comment on drilling to commence 1st quarter to appease share holders and he as since realised if he couldn't get rig 28 from union Jack and the penny dropped if forced to wait he could drill right through planning
The planning delay made this a certain and hence the new position.
Could we drill straight through
I then started to look at the rig setup from previous Rig 28 jobs and the configuration of HH well site
My concern was that they couldn't prepare the well cellars while drilling the 2 approved wells
At first looking at the planning application layout the new cellars were under the rig ,looking at photos even made me think they had the drawing for planning wrong. With the pipe gantry feeding from the pumps shown wrong handed
The Penny then dropped and I realise the cellars still to be built are actually on a new slab which mirrors the existing slab in front of the rig location The flare location remains on the existing and new plan and so I could figure my error out
In short we can build the slab and new cellars in front of the rig while the rig is operational!!!!
I think the small flight auger and casings recently were for anchors to the rig for inclement weather ie winter
Possibly even short piles to support the new cellar slab against future rig weights.
If the rig went to other sites it will be through negotiation and these are the reasons as well as the move with planning that the rig is still under discussion and both companies are working together to minimise costs
I think we will see an RNS that states the rig will stay on site and we will drill right through the next 10 _ 12 months to finish off the site .
I think SS wants the gates closed and this site in full production and move on to other sites by the middle to end of next year Job done
It's going to be a shocker for any one wanting that r
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