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LGO Energy Share Discussion Threads
Showing 12526 to 12539 of 12550 messages
|The rapid depletion was from the wells drilled in the C sands. There is a simple way to avoid fast depletion, avoid the c sands.
The error that NR made was to tell shareholders the initial flows. Companies normally carry out an extended flow test before informing shareholders because the most rapid depletion occurs during the first few days. Day 1 production figures are totally misleading.|
|As are your posts Rossannyfanny|
|Afterman the ultimate plan is water flood where the envisaged declines will be less for a significant period whilst the oil is swept up. A pilot scheme is planned in the near term and hopefully good results there will justify the high outlay required for a full scheme. Mr Ritson used to have a presentation on it which from memory mentioned peak flows around 14000 bopd.
It would be a big ask to expect investors to fund that scheme now hence the interim plan of low cost Mayaro drilling which will, hopefully, be funded organically, ( orgasmically if it works! ) to attempt to demonstrate, from a modest base, that worthwhile increased production can be achieved.|
|offerman This is a dead thread.|
|Im happy to be mildly provocative but I thought I'd strayed into a different universe reading some of the posts on here!
Anyway back to business LGO have rns receipt of the refinancing money - who is now still saying the Spanish Oil hasn't been sold?|
|hope your right nopollpo, topped up this morning hoping to recoup some of my paper losses on genel .Could be news next week here with regarding drilling|
|0.13 to 0.85 starts today.|
|It's all very well talking about 5k-10k production figures. But I think it's really important to look at well declines. Is this simply a problem that's going to go away, I rather think not. I'm invested heavily here and I want it to come really good for all of us. I'm just concerned that the well depletion is worth a lot more than forecast on all the previous drills. So in effect what is actually going to change then to stop declining? If we keep drilling wells to try and get to 5 or 10,000 there just going to keep declining so we are going to be in a pattern of continuous drilling. The waterflood will help greatly in Upping production rates, but how long before this declines? And how fast?Does anyone think it possible that on a oilfield such as the size of Goudron we might actually hit some Wells that might produce 100 to 200 or even more bopd? Before the oil price decline and the downhole equipment issue we were drilling but still getting declines. Will there be any sweet spots potentially where we can produce much more oil and on a more sustained basis??|
|Do you think you might have underestimated it a bit there?|
|10,000bopd with EOR 3-4p???|
|At 5000bopd what Mc would that give us with existing shares in issue??1.5p???|
|dodge, I think it will take more than one successful well to get this over 0.15p let alone 0.2p.|
|I feel responsible for granny leaving. I had to have him warned over his disgusting, vile posts, and he's gone off in a sulk.
He'll be back, as he cant resist it, but any repeat of his disgusting filth, and he's in severe trouble.|
Drilling campaign Today 19:45
Yes he is concerned about the size and cost of the Board. This will be addressed with shareholder support as soon as possible. Also office overheads will be addressed
Drilling campaign Today 19:49
Can assure you he is 100% behind the company and is working tirelessly to bring on a recovery in 2017
Q & A Today 19:52
Hopefully another question and answer session will happen before Christmas. Plenty of new investors and some existing investors need to know plans for 2017 drilling.|