Member Info for WG818

Ress
Why lmao? Why would they simply connect it to the flarestack? Unless it’s just for the sidetrack.
It would seem pointless doing that and bypassing the £6 million of equipment they have coming to process the gas. What would be the point?

Ed/cudd

Your just embarrassing yourself now….again.
Remind me which houses you are referring to as there simply aren’t any around there. Add to that both sites have been there for donkeys years and it’s back to your madcap shooters theory.

Suggesting there won’t be a placing as those warrants can be used at between 40 and 100% above a falling share price is mad, but not as mad as pointing out that that would dilute existing shareholders by 25/30%

Give it a rest man!

You obviously have access to Twitter so scroll down and you will see the pipework plans. There are 6 pipes on the stands and they span about 3km when you add it all up!

Ress
So you had a look at the pictures but failed to spot the fact that there’s not any pipework or foundations or the rack in place that you said would take about a month??
Do you think the flare is just for the sidetrack then?

Lol Ocelot.
We were told originally that first gas was May to August 2020!!………and also assured it could be done for £2.5 million!….. I was being incredibly generous don’t you think!

Are you telling us you’ve been told to expect an RNS then?

Until the company actually gets a prediction within budget and within being six months to a year out!
ocelot!!

Ocelot
According to the Secretary of State appeals website they failed to launch the appeal by the September cut off.
Little point in appealing anyway given the latest government policy and the failure of the Kim at BB , Brockham and the increasingly shaky horse hill!

Peter
All your points on your list are equally likely to happen as everything the company hopes for!

1. Gas prices falling to the normal would actually be devastating without a successful sidetrack.

2. 100,s things that can go wrong for gas not to be produced before July. EA asking more questions, planning issues looking at the strict permissions they have, equipment failure or non delivery, the fact the whole site isn’t even started yet!

3. The 9 last sidetrack attempts at Saltfleetby all failed!

4. The experts at Angus and Aleph and Wingas have already told us to expect between 4 and 5 MMSCF, and a 15% per annum drop of rate from the existing wells and end of life when the water cut increases which it has done over the last 2 years according to the OGA figures that you list. They also drop year on year coincidentally nothing to do with problems at Production facility. As HITS has said for the last full year the actual production was around 4.5 MMSCF

There is a lot to go wrong and as Angus have a credibility problem most think it will!

Your history makes interesting reading by the way!!

Peter
“ I agree that there is little likelihood of first gas in February or even March, I don’t think that this matters. The gas will definitely be flowing by April “

Your just making stuff up again! There is absolutely no guarantee gas will be flowing in April. In fact we are already at least a month and a half behind the CPR figures. That would put the oil figure into May!
And what happens if gas prices fall to more historic levels and the sidetrack fails or the drill affects the pressure in the other wells and they only manage to produce the lower end that Aecom listed being only 4mmscf?
Please stop posting guesses as facts. You didn’t reply when you posted inaccuracies earlier in the week I noticed!

Peter you have just made the following statements up! please show me where either of these statements are!?

“sidetrack can be drilled without affecting production”
“Since the company expect the field to produce 7mmscf/d with the additional pressure from the well being locked-in then this should be simple.

Morning Rees

Have you had a look at the planning permissions for each stage? The Sidetrack looks like it will need to be done first to be permitted to me?
All the details are in the Aecom documents.
Can they weld and drill the sidetrack simultaneously in your opinion? The experts at Angus don’t seem to know reading the W&A page?
Sorry for my ignorance but what is FAT short for?

The Sidetrack is from SF7 ress , bang smack in the middle of the construction and sidetrack works.
It’s going to happen as well. Have a read of the CPR.
Slated for a January 5th spud. Seems an odd date as they will need at least a week to set up beforehand according to the Aecom planning document!

Thanks for the reply. So possible by Xmas then.
It’s going to be interesting watching the Twitter updates!

It’s not a trick question. They can hardly be laying the concrete pads while the sidetrack is being drilled can they. all the equipment will be sitting on top of where it’s going. February seems an impossible target if not!

What I’m asking is do you think they can get the foundations supports and pipework finished before the rig arrives on Jan the 5th if it goes to plan?

Any idea about the timescale for the site pipework then ress? I take it it will all need welding and certification reading what you just said?

Thanks for the response ress.
“Pulled of a mater class” I would call it failure for 2 years and still managing to miss gas prices beyond there wildest dreams, They have the slight issue of drilling the sidetrack and building it all though of course by Feb with Xmas in between. How long does a couple of Km of high pressure gas pipe take to install in your experience if you don’t mind me asking?

Ress2003

Yes you are right people are, and have lost a lot of money investing in this company.
If people (mainly the same one with multiple id’s) post twaddle it needs correcting, as does the constant slipping in timeline that the company won’t update the market on as promised.
Time is critical for the loan repayments after all.

Out of interest as you say it’s your industry how long is a usual commissioning overrun then?

You just posted

“We have only just begun
Only fools run in shame”

Under your previously banned name Cuddinthesnow you committed blatant market abuse. Admitted you sold out and then called for an EGM.

So are you a fool or ashamed?