Member Info for WG818

And if you’re referring to the field abandonment notice being removed? Well it wasn’t until they finally got that £12 million loan that they didn’t need and withheld telling the market they were after until September after giving several interviews telling us all was on track and on budget. That was until GL put his foot in his mouth and let slip they had been in discussions with a well known high street bank for €20 million since March!!!. They still released the CPR fully knowing it was wrong the same month!!

Come of it Ocelot! The first allegations that all is not right here are long before that!
Don’t you remember….
Drilling the wrong well at Brockham
The questionable Holmwood purchase
The Captain America share scandal
Ending up on the front page of the Times for breaking planning regs.
Posting completely false RNS production figures.
Mr Vonk walking away with £300k and able to sell his shares in full knowledge that Brockham wasn’t good.
The chairman’s connections with the NMC scandal.
The Balcombe fiasco.
The failure to dismiss JTP and instead grant him options and a £5k a month job for doing nothing.
The JTP Dor share scandal.

The list goes on and still does…….

Piperperson.
It seems you may have fallen into the trap of actually believing that those who hold a dim view of the company and it’s cheerleaders on here are actually “swampies”
Just have a look at the Planning permission submitted for Saltfleetby. Not one objection against!! I’m afraid it’s just made up nonsense.

Probably because they , Mercuria and Knowe hold the debentures over the company Donk! They can’t lose!!

I did notice that you and Donk don’t like using Capital letters Silverlight though……are you related?

You mean those skids that the company and you assured us were all delivered and on site!!…….only they turned out not to be!!

Baits
Again you should do a little research. Granted its possible that the pressure build up may increase production on start up. It will start dropping swiftly however. The Aecom documents submitted give a hoped-for target off 4/5 MMSCF. The NSTA records (Link attached) give a clearer picture also. We have been told of problems with the compressor at the processing facilities that caused issues fair enough (the company were forced into admitting they mislead on the original presentations regarding this) But the historical production fall off and water cut suggest that “the anticipated, hopped for, Likely, forecast” call them what you will from the company, is probably as reliable as the rest of the forecasts given. In other words miles off!!

https://www.nstauthority.co.uk/data-centre/nsta-open-data/production/

So I see the fantasist pool boy is off on a nonsensical tirade already.
So someone is being paid by the “anti oil and gas factions she overseas “ ……Wouldn’t that make “her?” Actually be paying herself?
But you have assured us in the past that it was the Russians who were paying?
Are you sure your computer hacking (which you have bizarrely admitted to) (totally made up of course) hasn’t gone wrong and HITS isn’t actually Vladimir?
Perhaps that imaginary bottle (that you lied about receiving) should have been Vodka not Scotch???

What’s even more bizarre that you got 4 likes before 6.30 am for a post that makes no sense??????

Calm down Silverlight!!……You have all those contacts in the Know you were telling us about yesterday…..you’ve been doing this for years haven’t you to be loosing your cool like this isn’t a good sign for potential mug punters to buy in!!!

Baits
Again are mistaken. The CPR clearly states that the condensate is sold below Brent prices.

Silverlight.
At least you’re accepting that this is just a gamble.
If they manage to drill a successful sidetrack and hit the P50 CPR target then it’s happy days. (Don’t think your going to multi bag with that CLN and all those warrants though) I don’t think anyone has ever denied that.
The trouble is that there are dozens of people who will be privy to information you and me don’t have a hop in hell of having and will have quite likely positioned themselves to take advantage on either outcome. Highly unlikely mug PI,s are going to know what’s actually going on until it’s taken private or they hit a duster so to speak!!

Adrian/joules
That’s simply not true.

Silverlight.
Your figures look just a tad optimistic when you consider that 49% of Saltfleetby was just purchased/shares given for £14 million odd.

If it wasn’t for that pesky hedge and the over a barrel £12million loan at 12% plus Sonia…….they would have got away with selling it then?? ….Only they didn’t did they …..and gas prices were actually higher when the mystery 6 where in the data room!

With regards to storage by the time they built the multi-multi million pound pipeline for starters gas prices will have stabilised to something approaching the figures Angus did the original sums on!……Remember those that would have seen the project be loss making even with a successful sidetrack now!

So let’s have your calculations then Silverlight!
Because 6 companies “allegedly” went into the data room and didn’t fancy it even at the sound offer of 1.4p a share wasn’t it?…..Even they pulled out after closer inspection!! Then you have the fact that the Russian federation actually gave it away leaving £ 12.8million for the de-com costs (now all at Angus’s expense) in the pot. They also looked into your storage angle and the costs involved were enormous and they scraped the idea!

Funnily enough Im neither a green activist, paid by the Russians to post, a swampy, local resident of any site, or paid to post by the holder of the CLN!
Just a mug punter fed up of reading multi account holders posting utter rubbish and recommending there own and each other’s posts.
Just how many accounts do you actually have Adrian? I can think of at least 10 with this new one!!

Not a drilling expert obviously! I can read and have done my fair share of research though. did you ever read the Wingas FDP?

Would that tea be out of your flask? Are you sitting in your car outside Brockham Adrian?

HerbertDT
Your welcome. Those 9 failed attempts are the last ones attempted however with all the previous information available.
Ocelot of course the discussion will move on too the sidetrack as it’s essential to the companies survival.
The drop of rates listed by both Angus and Wingas in the FDP won’t be enough to fulfil the hedge or the loan repayments even if they manage to hit the newly revised upwards hoped for projections in year 2 and 3.

I read in the accounts of Wingas that the last well drilled – SF07 encountered a lot of difficulties and had to be shut in. What makes you confident that you can make more of a success of your proposed sidetrack through SF05 scheduled for 2021? (This question formed part of larger question already published but the full historical data has taken a few days to assemble) Asked on 5 August 2020

The Saltfleetby 7 sidetrack was drilled from the B site towards the West, as can be seen in Figure 5 in the CPR (Structural Map of the Top of Westphalian Reservoir (Unit 2b)). The well was first perforated in the Brinsley Abdy formation, but failed to flow oil. Thereafter there was significant differential sticking in the Westphalian unit and the well was sidetracked to penetrate the Namurian C which was thinner than prognosed due to faulting, and so another sidetrack (SF07Y) was drilled into a thicker Namurian C sand. After completion and perforation in 2003 the well flowed 2.4 mmscf/d of gas on test. However, once the well was linked up to production equipment it became clear the reservoir had suffered some form of permeability impairment and the well gas rate was restricted.

With respect to the upcoming SF05 sidetrack, this is to be addressed from the B site in completely the opposite direction towards the East, tapping a prolific part of the reservoir. The well is to be drilled using techniques that will negate the impact of any differential sticking, and also in to an area where there is good well control (SF3z and SF5). Therefore we have good reason to be confident that we can avoid any of the issues seen in SF07.

“The merchants of doom can brand statements around like the last 9 attempts failed without any context.”

To put it in context then. Previous Q&A answers told us not to worry about the sidetrack failing as it was to be drilled from SF5 not the troublesome SF7 with its past failure when drilling to the West!!
Well guess what’s happened since then!…..You guessed it, the sidetrack is now being drilled from SF7……….and to the West!!

And that cash you talk about is all going to Mercuria and Aleph without that sidetrack Donk as you well know!