Member Info for ThomasFoulser

Bubble point you’re boring and you’re trying to come across as an expert which you clearly are not. The price is bouncing up now as mentioned days ago this is being held down on purpose. Should be back to 0.5p soon enough.

Onetoomany good time to buy anything under 0.5p is a long term steal. My guess is probably get brought out at 2-3p. Nothing silly like 10p but there’s lots of legs in this stock if held for a year.

I said someone was keeping this down and got ridiculed. Was down -4% then suddenly up 12% and you’re telling me James aren’t being played? Now they will let this run

Finally they are letting this go

0.5p next stop

Bubble point new wells will come on at higher pressures. They surface equipment has a maximum production capacity and the point of the new wells is to reach these levels and get the gas out quicker. What’s your agenda here? You’re clearly not an investor and probably multiiding with headinthesand.

"from 04:50: "we are looking at re-starting an existing old well (at Saltfleetby) which is not in production at the moment, which would increase our production quite dramatically";""

Ocelot,

Considering they are producing around 25-30% less than when all 3 wells were at their peak, then any added production may at best recover some of what they are not achieving now, AND ultimately it still drains the pressure from the same reservoir, so induced condensate/liquids will remain the main hurdle.....”

The CPR confirms production at these rates mean they can produce for 20 years plus - the Booster Compressor makes this possible at low well head pressures.

The reserves are very well understood and the volume of gas in the ground is not in dispute. Drilling new wells or working over old wells just gets the gas out the ground quicker which obviously improves economics

Continued:

3. How do you know what/if they are choking wells to keep pressure high? I agree if they are doing this it obviously restricts flow but typically you manage early stage liquid loading with intermittent shut ins. This allows pressure to build up and then flushes out any liquids when well opened again. We know they have ordered a booster compressor in order to deal with any pressure issues and would allow them to produce the wells and very low pressures.

4. Based on the above, your arguments around storage and dew point levels don’t make any sense.

Now I’m not an expert but even I am average punter know more than you self professed gurus.

In response to Bubblepoint you said

“ Basically a combination of pressure & depletion as they pretty much go hand in hand.

That said, if they "were" to use the field for "gas" storage, then they will not be able to go too much beyond the dew point limits, mainly because the only way to get it back over that point is to put gas back in until the pressure is restored sufficiently.

No one will want to pump shed loads of gas back in, that is basically lost to create the storage baseline pressure, otherwise they will suffer the same carp as Angus is suffering now and the gas pumped in will induce condensate as it is recovered back to surface, and the problems it generates. “ and “ You may think, hey so what, produce free gas and more condensates, but it doesn't work like that, basically the more liquid volume within the production tubing to surface, then you will quickly end up in a situation that the liquids in the column to surface are heavier than the reservoir pressure driving it out to surface and the well stalls out.

Currently they seem to be forced to manage/control the pressure by reducing the production and choking the wells back. this maintains a slightly higher pressure in the near wellbore and wellbore and reduces the amount of condensate that is generated in this area.

It is one of the reasons they need to install "velocity" strings in the wells, basically much smaller production tubing, which means the velocity of the gas travelling up that smaller tubing to surface is moving significantly faster, and that also means it helps flush the condensates out to surface easier too.

The Velocity strings could give a further 2-3 years of productivity before they are also overwhelmed and stall out.”

Many things you have posted is incorrect, firstly 1. just because the wells are producing condensate, does not mean they have issues with wellbore pressure. Many wells, including the wells at Saltfleetby, produced liquids right from the start at “virgin” pressures.

2. Opening new wells won’t necessarily lower the wellbore pressure on the other wells as they are not connected. Any new wells will also be at virgin pressure so would positively impact production.

Let’s see if it spike Tygra we have a big background seller who doesn’t want this stock to use anytime soon.

H ttps://x.com/ladyofaim/status/1811724700449484949?s=46

That the link?

Bp then why are you wasting your time here when you clearly have no interest? I’ll tell you why because you have an agenda, you know as well as me the price is severely undervalued.

BP you know nothing. Your information yesterday was mostly incorrect also. Don’t pretend you know any bent about oil because clearly you don’t. You just want the price low as well for a good reentry. Now jog on

I did say this yesterday, the fundamentals mean nothing anymore. Aleph are controlling the share price and want it as low as possible to get their royalties at the cheapest price possible. Should be mopping up stock at these levels because once the royalties are issued they will take this back up to 0.5 as usual.

Not if royalties are due soon

Every time the stock rises to 0.55p it comes right back down to 0.3p. It is not a coincidence. Same will happen again. The Alef lot need investigating.

Buys still coming over 0.32p yet being held back.

Might be wrong but I have a sneaky suspicion Alef are lowering the share price because royalties are due soon? What’s everyone’s thoughts?

Buys heavily outweigh the sells, if no close at 0.35p I am certain some behind the scenes games are being played. Probably Alef up to something?

IMO

£11k buys over 0.3p. Something seems on the horizon.