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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.
When it appears very shortly will boost our share price. I am more concerned with our value now that is clearly understated for the amount of oil we could produce if needed.SS could have at any time in the last three months ran the KL layers and the Portland together or for 12 Hrs. alternately. if to make money. But we are paying our way and SS is thinking of the longer term, and he is keeping it in the ground. If SS had wanted to blow this share price out of the water, he could have done so easily. Solo and UJO were selling our share down up to last week, and If our share price had, had , a ramp by a production increase it would have been money for old rope for the sellers. that,s over now and we should rise from here in. IMO. 2 tankers again today says it all.
GLA.
SS is proving to be an excellent business man and PRUDENTLY producing just enough oil to pay our way. Oil in the ground costs nothing . If it is the belief of SS and team that the price will rise, as I think it will, just prepare for that increase, and I will be happy for us to get 10 dollars or so more for our oil and if it drops again shut down our supply. The large separator arriving tends to make me think that this what he intends. If this was my well I would be working it the same way as SS. GOOD BUSINESS>
GLA.
2ATS, IMO The 5300 tons was for the test period with no end date. I presume that we have at least a dozen or so tanker loads to go. IMO SS is feeding this KL layer to co-inside with the rig being up and running.. Application has already been made to the OGA for extending the test period and or for a production license for the Portland and the KL layers.
I do not consider that there is a problem, and so I will just sit tight.
GLA.
IF. the rig is at Caythorpe near Bridlington now, it has been there for only 12 working days. that is presuming that the Moor house men work Monday to Friday. I reckon it will be at least another two to three days to drag out those tubes and cut them up, and if so this could be the week that we finally see the rig arrive a HH... This is IMO.
GLA.