Member Info for ZYX098

"the excuse used by only Adrian for doing nothing"

Fixed it for you....

Sonmoon,

Read again what I posted - the share price won't change (apart from a potential P&D) irrespective of the outcome.

If they find oil, it still won't make any difference to the share price, as they can't book any reserves - which is what the market is looking for.

Forgot.

We don’t know how the Well was suspended after the original testing program.

What they should have done was run a Retrievable Bridge Plug above the top perforation and pressure tested it from above to assure some integrity.

A Retrievable Bridge Plug can – in theory – be recovered by a Crane but is an extraordinarily dangerous thing to do in the existing Well configuration on Pin-1.

There’s no way on Earth I’d even consider doing that.

It should be removed by a W/O Rig c/w a BOP Stack fitted to the Wellhead.

However there is no mention of mobilising a W/O Rig, so perhaps they ran a short section of tubing with a plug installed in a nipple – which can more safely be removed by a Crane as they can pull the equalising prong (to check for and release any pressure) from the plug first.

Or maybe they just installed a valve on top of the casing, closed the valve and called it good (nobody I know would, but this is AME / UKOG we are talking about).

In which case, if they see any sign of pressure when they open the valve (or pull the prong), they might be tempted to run the swab cups before perforating to see if any oil has seeped into the casing during the almost 10 months the Well has been shut in for…

The original test had two possible interpretations - the smaller perf guns failed to penetrate the 9 5/8" casing, or they did but there was nothing in the formation capable of flowing.

UKOG chose the former interpretation. My money is on the latter..

Note that UKOG have never stated what length of 7" Guns that they have sourced, so are they perforating the entire zone (255m - 285m) again? Both BP and I have expressed strong reservations about using such large guns at such a shallow depth from a safety perspective. The RNS has confirmed that PSI and not Weatherford are now the perforating contractor, so presumably W/F'd thought the same - but does this mean they will only perf in 10m increments to reduce the risk? That will complicate the testing program (i.e. more cash out the door)..

When originally drilling this (12 1/4") hole section, they were not using a Divertor or BOP Stack.

While a criminally negligent practise, it did at least show that there is no formation over pressure in this hole section.

No pressure = no drive mechanism, which is why they need to use swabbing equipment to try and get oil back to surface.

The oil sample that was returned while running the 9 5/8" casing (remember the photo that at the time they implied was from the 8 1/2" hole section) was emulsified - same as on Kezer-1 from the same hole section - as the photo showed that they needed to use an emulsion breaker on the sample to get the oil to separate out. This does not bode well for the test, as emulsions have a nasty habit of blocking any flow paths downhole and are difficult to remove once formed.

UKOG have never shown any structure map, so it's impossible to do any calculation for the possible rock volume.

The smell of oil was so powerful it must have addled their brains, as they didn't run any E-Logs in this hole section prior to running the 9 5/8" casing.

So they don't even have the barest minimum information with respect to any potential oil column height, formation porosity, formation permeability or pore space contents.

What does that all mean?

After all, the emulsion recovered when running the 9 5/8" casing has already shown that there is at least some oil there

It means that even if they get some 'photo shoot' quantity of oil back to surface, they have no idea what they have in terms of potential reserves, and certainly will not be able to book any reserves against Pin-1.

As a result the market will not assign any value to Pin-1, so the share price won't change.

So when they do produce a very, very carefully worded RNS about producing oil from the test, in reality the only effect on the share price will be a short (hours long) P&D as the Ramptastic crew (one of whom has already raised their head above the parapet - in reality several days early) try and make some cash out of unwary PI's.

Ocelot,

Firstly, happy New Year to you and your family and I wish you a safe, happy and healthy 2024.

Same for everyone else on the board as well.

It would be more accurate to say that the HH licence holders have agreed that more 3D Seismic is needed before they can commit to another Well, otherwise there wouldn't be a get out clause in the proposed farm-in agreement for PPP after the 3D results have been obtained.

I think that the odds that the SC judgement is going to be in favour of UKOG is 99.99999%.

If, for some totally bizarre reason, they decide in favour of the eco-warriors, then the effects on the UKOG share price and the UK economy as a whole would be catastrophic.

It would potentially open up lawsuits along the lines of - for example - Ikea being sued by the Relatives of someone who was bludgeoned to death by a person using a chair that was bought there. Or Farmers being sued by an obese person for growing the food that "caused them to become fat".

As for the potential PPP farm in, it's clear from the RNS's and Company Reports that Alba have strong reservations about the proposed farm-in deal and it's my personal opinion that they don't want DL anywhere near HH.

ROTFLMAO!

We are showing our age!!!!!

Every year those really Considerate, Understanding, Nice, Trustworthy, Sympathetic people at HMRC publish the number of people who filed their tax returns on Xmas day.

There could be any number of reasons;

By themselves?

While the family is sleeping off lunch?

They don't celebrate Christmas?

On duty at work, but it's a quiet time?

Who knows?

But to answer your question Insidious, Xmas on a Rig or Platform these days can indeed be quite pleasant, as we try and put on a good spread for the meals (no booze, of course) and usually have good enough comms to be able to communicate with our loved ones.

We can't do it so much on Drilling Rigs, but I gather on the Production Platforms as much non-critical work as possible is delayed to the next day, to give people more time to relax and chat (Ninetails, correct or not?).

Back in the 80's and 90's it was a whole different kettle of fish as e-mail didn't become readily available until the late 90's and as for actual video calls, they are a relatively recent thing.

Also depends where you are - I tend to do a lot of remote land, so the bandwith we have for Satcoms can be quite restricted and even these days sometimes we have to limit video calls to loved ones to 10 mins, just so everyone can get their turn.

Can also depend on which Country you are in and Company you are working for.

Many don't officially recognise that the 25th is a holiday (Turkey, for example) but are relaxed enough to allow us foreign heathens some leeway in getting Xmas lunch for office and rig based people.

But I have been in Companies in those Countries where the local Management made a specific point of treating it like a normal working day and - especially in the times when we didn't have Comms home - and there were only 2 - 3 Expats around, yeah, that sucked big time....

G71 - Upvote for the Genesis reference and lyrics modifications!

LS,

Yes, the Tonga volcanic eruption last year put so much water vapour high into the atmosphere that NASA (amongst others) said it would likely cause an increase the average surface temperature for several years by a small, but noticeable amount over and above that due to Climate Change.

https://www.newscientist.com/article/2354559-2022-tonga-eruption-means-we-may-hit-1-5c-of-global-warming-earlier/

This appears to have been forgotten about (or ignored) in much of the media coverage of extreme weather events this year.

Trish / Ocelot,

Transportation of the explosives in the Basur area will be logistically somewhat problematical, as there has been a low level civil war between the Kurdish separatists and Turkish Govt in the area for years.

This means that the security requirements are likely to be quite onerous in the area.

As a guide, this is what I had to do in Kurdistan (just over the border from Basur, actually);

Firstly, we had to construct two explosive bunker sites (one for the explosives, one for the detonators) at the location, both of which needed protective berms and security fencing around them, 24 hr lights, CCTV and security guards (Army or Police).

Both had to be inspected and approved by the Asayish, the Military and the Police before they'd grant a certificate which allowed us to store explosives on site.

Even then, we were only allowed to keep a minimum stock of det cord, severing charges, tubing punches and detonators fulltime on location for fishing jobs.

To move either loaded guns or detonators to location from the central bunker store (at the Service Company base) required a minimum of five working days notice and in reality, they actually needed 10 working days to get all the permissions signed off and the permission was only valid for a three day period (you can see the problem that creates already...).

We couldn't transport the guns and the detonators in the same convoy - they had to be in two separate convoys at least a day apart.

Both required Military escort ahead and behind, with an additional spotter running ahead of the convoy. The convoy with the detonators always had a minimum of four armed escort vehicles for obvious reasons.

Travel was strictly during daylight hours only.

The Military escort would not leave until they had been fed.

Sorry, I mean until they had witnessed the materials being offloaded and put into the storage facility on location....

There is also some question about where the explosives are, as the language used in the RNS below ('deployment') normally means that they are at the service providers local bunker facility already, and not in Istanbul.

***************************

all required explosives permits for the deployment of the new 7-inch perforating guns, capable of fully penetrating Pinarova's 9?-inch casing, have now finally been secured by the service provider, PSI. The equipment is thus fully ready to be transported to site. The Company is now liaising with the operator AME to schedule a firm date for the resumption of testing operations.

*****************************

However, if they were indeed already at the local facility, it does sound a bit odd that they don't have a firm date for the resumption of Operations.

Some have questioned if the weather will affect the testing program - unless the snow actually blocks the roads, then no, it won't.

Adrian,

I wouldn't know how a leftie activists' mind works - not many of them in the oil industry after all.

But I'm sure that you know, with the amount of time you spent sitting on your deck chair next to the Swampies camp at HH.

You still refuse to acknowledge that the reason you get reported is because you start abusing other posters - the same reason why you have a PERMANENT ban from the LSE.

So it's very FOOLish of you to try and play the victim card, as you have zero credibility - especially when you immediately start abusing other posters like in your tirades today.

But you just carry on playing with yourself - I'm off up to Spring for a BBQ at a friends before I fly back to *checks weather forecast* a rather cold and dreary UK tomorrow.

Wow - talk about twisted logic.

Odd that you choose to call someone else a Troll, when it is you that has to create a fake ID day after day, just to come on here and abuse other posters.

Actually , there's no logic at all in what you have just posted.

But that shouldn't be a surprise from a FOOLish person like Adrian, who certainly is a "disrupt" influence.

Who you have just admitted that you are...

Pboo,

What's up?

Unable to find any bullying posts by the Realists?

Not a surprise, but there's certainly plenty on view by your mate Adrian today.

Adrian,

You can't be banned again, as you already have a permanent ban anyway!

Your behaviour is getting more desperate every day - you must be so far underwater from your UKOG share purchases at 0.18p, 0.06p, 0.05p, 0.0329p and 0.0327p that you are worried that you cannot recover your huge losses.

Adrian,

Seriously, calm down!

You'll have a heart attack if you aren't careful!

Oh, and if you are going to accuse someone else of bullying, first of all you have to stop acting like one yourself and secondly, you should make sure that any posts of his actually show bullying behaviour - not just copy and pasting posts which give examples of your own abusive tendencies!

Adrian,

Calm down!

You'll give yourself an aneurysm!

You are so upset that you are copying posts which show that you are the bully on here!

Which shouldn't come as a surprise, since you already have a lifetime ban on LSE for just that type of behaviour.

Nom,

Maybe Pboo?

Or his beloved Sarah, if she realises how much Adrian is longing for her?

Adrian, I take that back - you seem very hot under the collar!

You must be really upset about being caught out making up a story about the shares you bought, and the imaginary profit you claimed to have made.

Oh Adrian,

You are proving yet again that it is better to keep your mouth shut and let people think you are a FOOL, than to open it up and prove beyond a shadow of a doubt that you are indeed one.

If you had bothered to read the posts properly, you would have realised that Ismit is a Port in Turkey and IBug (who BTW has never said anything about working in the oil industry) was talking about unloading a ship in dock.

Not about transporting explosives on a truck through a potential civil war area - which is what BP and I were talking about.

BTW, I recommend that you also look up how Nuclear material is transported before continuing to make a bigger FOOL of yourself.

Now, I suggest you relax with another pint of Badgers - you seem rather hot under the collar.

Gents, FWIW here's what I had to do in Kurdistan;

Firstly, we had to construct two explosive bunker sites (one for the explosives, one for the detonators) at the location, both of which needed protective berms and security fencing around them, 24 hr lights, CCTV and security guards (Army or Police).

Both had to be inspected and approved by the Asayish, the Military and the Police before they'd grant a certificate which allowed us to store explosives on site.

Even then, we were only allowed to keep a minimum stock of det cord, severing charges, tubing punches and detonators fulltime on location for fishing jobs.

To move either loaded guns or detonators to location from the central bunker store (at the Service Company base) required a minimum of five working days notice and in reality, they actually needed 10 working days to get all the permissions signed off and the permission was only valid for a three day period (you can see the problem that creates already...).

We couldn't transport the guns and the detonators in the same convoy - they had to be in two separate convoys at least a day apart.

Both required Military escort ahead and behind, with an additional spotter running ahead of the convoy. The convoy with the detonators always had a minimum of four armed escort vehicles for obvious reasons.

Travel was strictly during daylight hours only.

The Military escort would not leave until they had been fed.

Sorry, I mean until they had witnessed the materials being offloaded and put into the storage facility on location.

Since the area has been subjected to a low level war for a couple of decades (between the Turkish Govt and the Kurdish separatists), I doubt that the requirements in the Basur area would be too much different.