Will carry on testing the gas zones until ERCC grant them the extra storage tanks. Rathlin seem to have this well covered and will not want a large oil flow yet, and so people should just sit tight and wait, it will all come good in time. IMO. GLA.
Penguins. The cost of the production including transport is $20 dollars. If you think this is wrong take it up with SS. In your paragraph 4 you are right and my price of $68 is wrong and should have shown $63.8. I do not agree with the rest of your letter in any way, but you are entitled to say what you think.
ALSO it should be noted that our present well production cost of $20 a barrel would be drastically reduced to under $10 per barrel if we tanker 10 a week or more, as we would be using the same men and pump to recover same. IMO. GLA.
Scallywag 3. You are correct or near enough, at the current price of Brent crude , at 5 tankers a week. People should remember that Tellurian were cost free and we were picking up that bill in the $20 dollar cost to produce a barrel, or £369000 per year. Tellurian share. Although Brent is down to $58 per barrel we are getting a benefit from the low exchange rate for the £ against the $, which means we are getting around $68 dollars a barrel for our oil. If we only get 10 tankers a week shortly we are in for a serious boom in price. However if SS is correct with his assumption from the next 2 wells My figures should be short by 5 fold. IMO. GLA.
Pboo. Good post and thank you. Those pictures of the well head construction tell me that this next drilling is serious and is not going to be a shot in the dark. That well head is intended to last for 50 years or more. I have seen other well heads and this one means we mean business... GLA.
argus 1. Good post and accurate. We will soon see if SS has got his timing right, and the deal looks good to me. I expect good news very soon and hope this share gives us back some added value.If SS has got it right and i think he has, it will justify the faith I have had in him and his team for a very long time now. GLA.
Just a further point is when the Rig goes for its over haul it would only take a matter of hours to pull the bushes and replace the bearings. However if the owners decide to repaint the frame work it could take as long as a week. IMO. GLA.
I heard that the Rig was to leave by last weekend and there was a hitch. IMO very soon we will see it. The RNS needs reading carefully and people should see that we have been getting the equivalent of a tanker a day 7 days a week squeezed into the 5 day week. It appears to say to me that the KL is being very tightly controlled with the chokes. In the 25 days of the month we are aware that for periods the pump was not working and the KL could have been flowing under its own steam, and the pump was turned on now and again just to top up the oil when needed. GLA.
Caythorpe could have lost 2 days last week with the lightning being around the area.I thought we should have been getting the rig at the weekend but if my guess is correct about the weather then it will arrive in the next couple of days. IMO. GLA.