Member Info for Yanis2005

Selfish, is that the level of your integrity? Reducing to personal insults? Anybody questioning should not be invested in AIM?

I could reciprocate, but will not stoop that low.

Look at the SP performance FFS. Is the SP doing what was expected to do at this time? Was it you that was predicting 4.5p by spud? I don’t remember who it was.

Serif, personally, I understand that. Do you know though, why it cannot be used as a producer?

Anybody has a good answer?

Buyers have disappeared according to L2. The RNS SHOULD HAVE HAD an explanation. “Plug and abandon”, even though it maybe normal for this activity, scares the average PI away.

Here it is https://mip-prd-web.azurewebsites.net/DataItemViewer/ViewReportDataItem

Why are they plugging and abandoning the well? Can it not be used as a production well?

Will the drill new production wells?

A clarification will be appreciated, thanks.

Asher, I am going to say it again …

5.5 MMSCFD covers the hedge commitments fro now to the end of the hedge + money to Angus.

Any revenue from flow increase due to the sidetrack is all to Angus … For each MMSCFD at £3 per therm is £1 mil per month … Happy Days … we waited long enough

We are sitting on a gold mine here … and you guys are arguing amongst yourselves … you are going to miss the spoils if you are not careful.

Is all good now, enjoy. Third consecutive day today with flows above 5 MMSCFD … is stabilising … trips are being eliminated.

Soon the RNS will land … flow stabilised at 5.XXX MMSCFD and sidetrack spud day announced …. ££££££££££££ are coming in

Cheers.

Tacuma, I am in heavy in this one as well … but no bungalow … I am up on the third floor, is quite a drop lol. Good luck to all of us.

Stop pondering … do what I did … Buy some more :):)

No, this is a joke, do what you like, I bought more but my risk taking is high, and Eve is now risky. Each to their own.

HITS, to add to the therms debate, the number of therms in the gas depends on gas quality … and that is why NGG measures Calorific Value along with Energy at point of entry - see

https://mip-prd-web.azurewebsites.net/DataItemViewer/ViewReportDataItem

Sidetrack will be covered by SIMOPS and I am sure a procedure for that has probably already been submitted to HSE. It should not be an issue.

HITS, Are you saying that Angus has been using the wrong calculations?

Here, https://www.angusenergy.co.uk/wp-content/uploads/2021/10/Angus-Energy-Saltfleetby-Reserves-Valuation-Report.pdf

Page 49, devide therms with MMSCFD and see what you get.

I don’t think is wrong. If you think that is wrong, then you better inform Angus.

WG, the references you are sighting are from June 2021 when the orders were being placed.

It appears that some time after that the compressor capacities (unless Angus got it wrong in their response to IQ, which I don’t think so) were changed to 10 MMSCFD - see IQ’s on website. Extract here

“Hi, can the existing compressors be upgraded to produce more gas if needed. Thankyou. Asked on 1 July 2022

We left space for a third compressor in order to handle any potential pressure drop in the two existing wells. If the sidetrack pressure keeps the average across the three high, then we could use the third compressor to increase flow rates. All of the units were sized around 10mmscfd (the target production after side-track) but were build with a degree of redundancy and subject to risk assessment we could increase flow beyond that amount. That assessment will be easier to do once we have steady flow”

… And this is what I would expect for the design - 100% redundancy.

We can pump more than 10 MMSCFD with one compressor.

WG, the compressors are all designed for 10 MMSCFD + margin above (normally 10/20%, I don’t know what Angus used but GL confirmed that they can go above 10)

They are all designed for 10 MMSCFD design case and that is why is only one installed. We are already flowing above 5 MMSCFD (5.38 as of two days ago)

Wildtiger, I love money, that is why I invest/trade.

May I ask if you own EVE shares? You don’t have to answer.

Yesterday, as per the TR-1, AR bought 1,014,868 shares and paid a healthy sum of £4,068.

Obviously he believes in the survival of EVE and he is expecting a return.

Today I followed him in adding some more.

Kept my promise to add more if AR buys more. Bought a few more this morning.

AR added very substantial amounts - 0.5%

What does he know that Wyn doesn’t?

Herbert, very well said. Let’s hope today’s SP dip was the last one and is crawling back up from here.

Serif, you could be right. Today’s volume at 19.6 mil … and is not 10AM yet … is quite significant. Sellers must be dying out now as a move back up. Fingers crossed.

Herbert, I agree with you. Is just damn frustrating watching the SP falling this low when by all norms it should have been going up. The question is why is the SP not following the norms and go up (some were predicting 4.5p on spud announcement)?