Member Info for WG818

Bubbles

With the history here, and given the fact that the council voted unanimously to reject it, nothing is guaranteed. We could well have a new government by then with a completely new agenda?

I agree ithe challenge will probably fail. But in my opinion so will the 1st stage of the test, all at Angus’s expense. Just look to Horse Hill for a comparison.

A judge has granted residents of Balcombe in West Sussex the right to challenge a High Court decision to allow oil exploration in their village.

The case will be heard at the Court of Appeal in London in front of three judges.

From Drill or Drop.

A few more months waiting then……….make it a year!

Bubbles, They already have an injector well at Brockham. They also have permission from the Environment Agency too dispose of 150 barrels a day down it. The trouble is this. They don’t have planning permission to dispose of the water from elsewhere (be that Lidsey as they traditionally did, Balcombe should they need to, or possibly Horse hill when UKOG go tits up shortly) It would also take 8 years at 150 barrels a day to bring the reservoir pressure back up to the original pressure. See the EA documentation.

They Also told a massive Porky in an RNS regarding the last time it was producing when you look at what the actual NSTA figures say.

It seems to me that this is no more than them having a go at Brockham rather than De-comm of both that site and Lidsey. See the RNS following the previous failure listing the reasons for a placing as being “best in class” for de- commissioning both sites.

Anyway…..Back in the real world where major shareholders in theory hold or are dam close to holding 30% of the company already. The NSTA February figures have just been released. Gas to pipeline down considerably and water cut up considerably.

https://www.arcgis.com/apps/webappviewer/index.html?id=984eeea3b1664049b12c02a28478bdaa

Jezzz…….yea of course you have heard that Dave!!!

The only place that has appeared was from the complete fantasist RT00 pool boy from his Olympic size swimming pool.

I heard it was UKOG putting a bid in! About as trustworthy a comment as yours and also totally made up!!

Interesting stuff. Not long until Carlos is out the door now then, making a clean sweep of the previous directors.

Done more than my fair share of research IBUG thanks.

I didn’t fancy coming to your 2020 party as most of the guests were liars, just plain mad, or thought sitting outside an oil site for days on end was classed as fun!……..I may be a bit early to the new shindig! Is it get well soon, or is it going to be a wake is the question now?…..looking forward to the reading of the will to see who gets what if it’s the later!

I’m glad I can put a smile on your face but, I’m guessing that’s a rare occurrence?….only I mentioned the permissions in place from the EA, and the planning permission required, the transport costs are minimal compared to disposal via incineration, and Angus used to transport the waste water from Lidsey to keep the pressure up at Brockham until permission was withdrawn as Angus failed to answer the EA,s questions on a couple of times of asking. I’m intrigued as to what you mean by water treatment though?…..are going to use it for water boarding the management as they pour it down the injectior well?

You always end up agreeing with me in the end Bubbles!……you just don’t admit it!

You’re an absolute delight IBUG! You must be popular at parties?

Simply pointing out that water disposal at Brockham could be mutually beneficial, or make casting an eye over one another's assets makes a lot more sense than spending 100s of thousands on downhole works at present. The bad blood between previous directors at the two companies is surely passed, as the Angus Board has all but changed bar Mr Carlos Fray Bentos.

Did you get up on the wrong side of the bed ibug? I simply pointed out that water disposal in UKOG case costs a fortune and they haven’t paid to sort it out yet, and Angus requires 150 barrels of water a day for 8 years to get the pressure to extract from the Portland. I’m sure it won’t have slipped the attention of the Angus board as theysearch for investment opportunities as they are neighbours and actually drilled the well in the first place!…….not than they can afford any expansion either.

That’s a very strange apology ibug! So my lack of research actually proved to be correct then!…lol

Ibug

But is it actually in use ? The Annual report was very woolly on the detail.

Yes I get that Brillo, the vultures are circling . Who could benefit from which, hahum assets should be considered now.

I was referring to Angus not having planning permission at Brockham Ibug. If they could dispose 150 barrels a day at Brockham it would be win win. Angus increases the pressure in the reservoir and UKOG or whoever controls HH at the time wouldn’t necessarily need to drill that injection well…..just a thought.

Just to add they have Environmental agencies approval for injection. Still can’t see an application for Planning permission for injection yet however which they require. …Birds of a feather these two.

ILS

Just a thought but Angus have an injection well at Brockham that desperately needs 150 barrels of water pouring down it fairly shortly to support the pressure. Could be a no brainier if it suits both parties?!?!?

Why exactly do you think Balcombe is going to be a good thing Barney? It’s just another expensive they can’t afford at present. The first part of the 2 stage testing program is 100% at Angus expense (at least 750k) and in the unlikely event that the fairly tale Kimmeridge play actually delivers (see mr Herbert’s less than optimistic comments regarding Balcombe) They move onto stage 2. In all likelihood this will also be at Angus expense at a cost of £3 million for site upgrades. See the planning permission documentation for details on cost, as the deal that Cuadrilla states they need to prove commercial quantities of oil before Quadrilla start paying their 75%.

And I hope you do realise that this is just the testing phase and the NSTA will place limits on production as they did at Brockham! It will actually cost money for the duration of the test not make them any money. Then if it was to prove successful they have to go back and start the whole planning process again and apply for a production license from the county council. No hope of them approving that as they voted unanimously to reject the test phase. 5 years away at least before Balcombe could show any sign of making money…..and that scenario is a very faint possibility.

Oofy

My comparison was very much tongue in cheek, as I assume your last paragraph is?

After all the recently departed chairman wasn’t in any way involved when as head of NMC audit committee the poo hit the fan was he? And the other recently departed “Lord Melton Mowbray*” didn’t come from 20 years in finance before joining Angus with zero oil and gas experience? And the founder of the company Johnathon Tidswell Pretorias who bought Lord Lucan* didn’t also have to resign after his share dealing scandal with the Polish 21 year old from America2030? Isn’t mr Zielicki an expert in such matters also? Not to worry I’m sure mr Forrest will keep an eye on them….hold on a minute, wasn’t handed Saltfleetby Energy on a plate and given £12.8 million, despite being a one man entity with just £80 odd grand in the bank?… and isn’t he an accountant?…….no your right no hedge contracts here either….they aren’t keen on sharing details of the new ones are they? And the issued a completely bogus RNS regarding a payment on the last lot. Yes by insiders I’m guessing you are referring to Aleph (who are paid as advisors and a director is allowed to sit in on meetings) haven’t they made a fortune from arranging all those deals?….apart from the original £12 million one that GL assured in an interview they didn’t need despite having been in talks “with a well known bank” months earlier…..that cost them £300k as they were taken to court over unpaid fees as I recall.

Yes they do things differently in the US, but isn’t that where Alephs ultimate holder originates?

I’m guessing Enron, Oofy.