Member Info for ZYX098

Greenpeace did try taking on the Russians.

Back in 2013, they boarded a Gazprom Rig that was drilling in the Arctic circle.

Within a few hours, they'd been taken off at gunpoint and thrown in jail, with the Russians saying they were going to be charged with piracy (15+ yr jail term).

The following day, the Greenpeace 'Mother ship' was also boarded at gunpoint, taken into Murmansk and detained for several weeks.

I can't remember the details of how they and their vessel were eventually released.

Greenpeace haven't messed with the Russians since then.

Oh, BTW, Norway approved around 50 O&G projects for the Norwegian sector last year and weren't being held up in Court by 'activists' or the Opposition parties lambasting the Govt.

if you thing that's bad, look at the absolute mess that labour left croydon council in when they formed their own company to build housing.

or the dozen or so councils who formed their own energy companies to sell gas & electricity to their constituents - every one of which has failed and left them with massive losses.

i'm convinced that's why 'private eye' only comes out every two weeks - you read it for half an hour and get so ****ed off you have to stop for a while before picking it up again...

It's probably too late.

Investors now know that the UK is willing to punish the oil industry at the drop of a hat.

In addition, you have the likes of the Greens, XR & Just Stop Oil (isn't it strange that the Media always refer to them as 'activists' and not 'extremists'?) trying to stop all future O&G development.

Given that Labour and the Lib Dems are both claiming that the windfall tax isn't enough and are calling for a "proper" windfall tax (though they don't say what that is) and are likely to be in office after the next election, plus Labour stating that they will not approve any further development, I don't see the investment funds reversing the outward flow to other areas.

I find it very annoying that we are accused of "war profiteering" due to the situation in The Ukraine, but nobody says the same of BAE - who actually make weapons.

And that the reason for the EPL was that we were making "massive" profits on a commodity that we don't control the price of, but rose massively due to Putin invading The Ukraine.

So why not put an EPL on the likes of Big Pharma (except OAZ), PPE manufacturers & middlemen, Amazon, DPD, Funeral Directors etc, who all made a killing during the pandemic, which they didn't have any control over?

Court adjourns and Adrian appears on the board.

Coincidence?

Of course not....

I wonder if he saw his beloved Sarah there?

Thousands would die just in the UK - probably 100 x that in Eastern Europe.

Too many people have too little idea of just how dependent all aspects of our lives are on O&G.

They look at it from the warmth of their flat in Islington, sipping on their decaf soy latte, waiting for Uber eats to bring their vegan meal - not worrying about power or water because they are lucky enough to live somewhere where the lights always come on when they flick the switch and clean drinking water always comes out the tap.

While they plan their next XR protest c/w with their oil derived Hi-Vis vests and banners, they have no idea of what 3 Billion people in Africa and South East Asia have to go through to ensure they have food and water, never mind anything else.

Somebody (sorry, forgotten who or in which thread) asked me about Quaise Energy.

Yes - I read an article on their technology at the beginning of this year - they had a very aggressive timeline, as they want to drill a full sized (i.e. 8 1/2") hole to 20km by 2025, but their goal this year is to increase their current record by a factor of 10, and drill a 1" hole to 100'!

Huge number of questions outstanding from items such as the energy needed to power the system, how they control hole deviation & tortuosity, keeping electronics from melting, we don't have casing that can be run to that depth etc etc

It came to mind as a Webinar invite for the 22nd June just dropped into my Inbox from them.

Hi Dilara,

I said the EARLIEST I thought they could be RNS'd is 19th June - not that they would be by the 19th June.

As Ocelot correctly pointed out, UKOG said "A further update will follow when the date of testing operation resumption becomes clear". (RNS of 23/05).

But with SS, you never know....

Vernonya,

If the BoD really believed in the future of the Company, then they shouldn't take any cash salary at all, thus saving £496k pa - almost twice the anticipated saving converting HH-2z to a water injector will produce.

Instead, they should take their salaries in share options instead - the options priced at 25% above the share price at the end of each month.

It's the cheap oil from Russia that they are stocking up on.

The oil industry told the Politicians that putting a ceiling on the price of Russian oil would just mean a glut of cheap oil for China and India, while the West carried on paying full market price.

The market price of which is now lower than before Putin invaded The Ukraine, but we are still paying the 35% EPL on top of the 30% RFCT & 10% SC taxes that we were paying before.

While the Lib Dems and SNP demand a "proper" windfall tax (but don't say what that actually is).

And Sir Keir bows to his new best friend (XR donor Dale Vince) and says he'll stop all new UKCS O&G developments if Labour win the GE...

Given how much a pain in the backside importing and moving explosives is, I don't expect them to be on site until late next week at the earliest.

Time to prep, fire, recover the guns, run the test string, RU and test surface gear etc etc, I think the earliest for an RNS with Pin-1 test results is the 19th June.

But I hope they post a video of the guns firing.

30m of 50+ gm charges going off at just over 200m depth?

Oh yeah, they'll know when they fire....

Given that neither of then have shown any real intention of lining up on the grid, it'll be a very long wait....

Ocelot,

Realised that in my long, boring post, I didn't really answer your question!

IMHO, DL just said that as a 'throw away' comment, which some people have fallen on as if it were manna from heaven.

Given that he's spent the last few years promoting his CBD Companies, I don't think he has his ear to the ground with any magical 'new technology'.

At HH, it does sound like a recharge problem in the Kimm, in which case a multi-lateral Well may be the answer. The recharge issue will be the same, but at least physically opening up more well could result in viable production rates.

But the problem with that is it means it's more likely that water bearing fractures will be intersected, as it's clear that these are present in both the Kimm and Portland at HH.

Until UKOG actually state what the problems really were that made them decide that the Kimm is uneconomic, we can only speculate on a possible solution.

Leewayne,

IBug is not wrong - it could easily take up to three months for the Judge to write up his judgement and release it.

While it's a slam dunk that UKOG will win, the ramptastic crew were essentially trying to manufacture a P&D in basically posting that an RNS would be issued by UKOG on Thursday and the share price would multi-bag.

Neither will happen.

Ocelot,

There are two main types of mud system - Oil based mud and water based mud. But below that are dozens of different types of mud systems and hundreds of different chemicals that we can use in them.

In basic terms, hole problems boil down to either mechanical or chemical causes (and solutions).

Mechanical means that the hole is unstable because too little or too much (or both!) mud weight is being used for the conditions.

Chemical means that the formation is reacting with the mud system in some way.

For example, you can drill from one shale that was laid down in a fresh water environment into another that was laid down in a salt water environment.

So if the mud is a freshwater mud, when you drill into the shale that was laid in a saltwater environment, osmosis means that the shale will absorb water from the mud and swell up.

Conversely, if you drill using a salt water system, when going through the freshwater shale the mud will absorb water from the formation and dehydrate it - essentially causing it to dry out and fall into the well bore.

Both these effects can be time dependent, some shales are quite benign and take several days to react. Others react much more quickly.

In my early days drilling in the Southern North Sea, we had two different types of shale in the same hole section. One of them reacted very quickly and we knew we had 36 hrs to drill through it and get the casing in before the hole fell apart.

Each area is different - even the same Shale formation can react differently in different areas and have different problems.

So in that respect what worked in one area won't necessarily work in the other area.

I don't know what the basic problem was in SFB, but considering it was a development Well I was surprised they had so many issues - possibly it was the first time they'd drilled deviated Well in that particular direction, which can have a big effect on hole stability due to local Geomechanics.

Apologies for being a long, boring post, but Drilling Fluid is a complex subject with many manuals being written on it over the years.

If you have nothing better to do, there are some decent introduction to drilling fluids videos on YouTube.

What new technology?

Can you explain what it is and how it will magically make the Kimmeridge economical?

No?

Thought not....

If your ID is as solid as Love Island relationships, you'll be gone in a week.

BTW, which part of "waiting for the paperwork to be sorted for my next contract" went over your head?

Billy,

I'll repeat the question I asked earlier, which you ignored.

When you first appeared on this particular board, you asked some questions which (in long, boring posts) I respectfully answered.

So why have you now turned into a Norwegian Cave Dwelling Ogre, resorting to cheap insults Adrian style?

Called it.

You don't know, do you?

You just put up a post in the faint hope that something 'big' will happen and you can claim credit.

And if there is no 'big reveal', your current ID will magically disappear, taking all your posts with it.

Then a short while later, you will resurrect yourself under another ID and hope that other posters have forgotten what you posted and just how wrong you have been in the past.

After all, that's your modus operandi, isn't it.

What I earn running Rigs is nobody's business but mine.

I can ask all the questions I want - that's the purpose of having this board - for the exchange of information which usually involves asking questions and when called upon, writing (long, boring) posts in reply.

Waiting for the paperwork for my next contract to be sorted, so not working at the moment - leaving me free, for example, to either enjoy the Sun in the Garden, or post on this board.

It's called freedom of choice....

Ocelot,

While the increase in the number of RNS's issued by UKOG is to be welcomed, they will only positively affect the share price if they contain news that will increase the MCap of the Company.

Something that they have conspicuously failed to do.