Aj Bell Share Discussion Threads

[mortie1] 09/10/2016 08:23

.


Text size using points.

[mortie1] 06/10/2016 05:17

VOBM#3

This well appears to be drilled at the eastern edge of the structure and indeed at the eastern edge of the Prospect A acreage.

There is a Double A Wells field well, Champion Intl #1 approx 3,500ft to the south east. This well was originally drilled as a wildcat and later credited to the Double A Wells field. Like VOBM#3 it appears to have been trying to find the edge of the field.

The well was drilled in 1997 to >14,700 ft and completed as a producer at 14,176ft for just 10ft. . The Champion well was poor. Just 37,891mcf and 613bbls in total before it was P&A'd in 1999.

Interestingly the well was drilled from spud to completion in just 19days. Perhaps they better rigs back then.

In short, I think VOBM#3 is a fairly high risk well, as any well testing the arial extent of a field is.

[mortie1] 07/2/2016 05:20

LOTM,

I doubt that the company would be very pleased that you are spreading rumours that they have acted illeagaly in advising brokers of information that has not been issued by RNS to the investing public. Or maybe that is what they intended, rumours, either way, best ignored I think. I suspect any talk of increase over the official figures was with caveats which are then just ignored when the story is retold. The company itself is using P50 for its estimate. I guess the PMean figure would be considerably higher - 80 to 90mmboe maybe, what do you think?

I had thought that the Double A field didn't go into production until 1990, but a graphic in December 2012 presentaion suggests that it had been in prodn since 1988. I presume the 1984 well you mention, which I know nothing of, was a wildcat, as was the 1985 well well just to the SW of VOBM#1. Don't you find that a little worrying a well within the Prospect A area just 500m from the discovery well essentially dry.

3D seismic has been around certainly since the 1990's ( first used in the 1960's) and covers both Double A and PANR's Prospect A. I would have presumed that it had been used extensively in working up the the expected resource numbers. Numbers you appear to doubt.

I have no idea on the net pay of the Double A field and unless someone had marked the tops and bottoms of the zones on the log, it's extremely unlikely I would be able to spot them.

My view is that, these are primarily gas fields, gas prices are low, barely economic, and look likely to stay that way for some considerable time to come whatever happens to the oil price. Any sustained rise in the oil price will lead to increased activity in the Eagleford, which also produces a lot of gas.

I watch with interest

[someuwin] 07/12/2015 09:02

Can't log in AGAIN!!!!!

Technical difficulties

We are currently experiencing some intermittent problems due to connectivity issues. We are urgently working to resolve the technical problems you may be experiencing with log on.

We apologise for any inconvenience this may cause.

[mortie1] 29/11/2015 07:01

More worrying statistics.

MRO and BTE constantly saying how improvements in well performance is enabling them to make a 'profit'* at lower oil prices.

* not a profit in an accounting sense judging by the quarterly statements.

One would think that improvement in performance would be apparent in the production reported by AWE.

A simple comparison between AWE's Sept 30 quarterlies 2014 and 2015


2014 2015 Change %No. of wells in prodn @ qtr end 154 251 62%Qtrly Prodn - Condensate bbls(000's) 143 184 29% - NGL MT's 4,282 7,307 71% - Gas TJ 406 670 65%Total BOE's (000's) 260 381 46%




Not particularly scientific, but for a 62% increase in producing wells, only a 46% increase in BOE Production. Worst of all the majority of the increase is in relatively low value NGL's and Gas, with condensate only increasing by 29%

[someuwin] 28/10/2015 19:42

Can't log in AGAIN!!

Technical difficulties.

We are currently experiencing problems due to connectivity issues via a 3rd party provider and are urgently working to resolve the technical problems...

[someuwin] 24/9/2015 08:39

Cant log in AGAIN!!!!


Sorry we are unable to log you in. Please contact us on 0845 54 32 600

Technical difficulties

We are currently experiencing problems due to connectivity issues via a 3rd party provider and are urgently working to resolve the technical problems you may be experiencing with log on. In the meantime if you have any queries please contact us on 0845 373 3479.

[someuwin] 27/8/2015 22:13

Now the App is down!!

"Web site notice

We are sorry that our mobile dealing app is currently unavailable. We are working to resolve the issue and apologise for any inconvenience."

[someuwin] 27/8/2015 10:31

And again today - getting ridiculous now...

"Web site issues

10:25am

We are currently experiencing problems due to connectivity issues via a 3rd party provider and are urgently working to resolve the intermittent problems you may be experiencing with log on. In the meantime if you have any queries please contact our Dealing Services Team on 0845 373 3479.

We apologise for any inconvenience this may cause."

[immokalee] 26/8/2015 18:30

Can log in but can't get any further!

[someuwin] 26/8/2015 10:35

Can't log in now!


Web site issues

10:05am

We are currently experiencing problems due to connectivity issues via a 3rd party provider and are urgently working to resolve the intermittent problems you may be experiencing with log on. In the meantime if you have any queries please contact our Dealing Services Team on 0845 373 3479.

We apologise for any inconvenience this may cause.

[allenb100] 06/8/2015 06:16

EME's Q2 2015 Financial Update (estimated)




I thought it only fair that as AWE, BTE and MRO has updated the market and their shareholders, and as it is extremely unlikely that EME will in any meaningful way, somebody should. I'm afraid it's ugly.



IMO.

I'm sure someone will point out that TK says we are profitable at this oil price level, but always remember this is a man who can not reliably state in an RNS how many barrels we have produced.

CASH.

Our share of CAPEX for the qtr, if based on 26 wells coming on stream would be $5.382mm.( based on BTE's $6.9mm reported avg well cost. Free cash from operations was $2.85mm.

If EME was to commission another RR to June 30th, the most likely reason is that they need it for the next tranche of funding that they will surely require to keep in the game. The big question is, will McQ go for it (most likely yes to protect existing investment) and how much it will cost. I don't think options will cut it, I think they will want some free shares.





Trott's, This is just for you.

[allenb100] 27/6/2015 21:34

EME year ended 31st March, 2015 P&L projections

























Crosseyed*
Cenkos
AJB





Revenue
15,433
11,900
16,646





Operating Cost
0
-1,300
-2,128














DD&A
-5,602
-2,500
-7,003














Gross Profit
9,831
8,100
7,514














G&A
-1,320
-1,800
-1,768





Other
-962
0
0





Finance Expense
-905
-200
-1,050





Impairment
-390
0
0





Net Profit
6,254
6,100
4,696























* Operating Costs deducted from Revenue.

[allenb100] 26/6/2015 09:50

EME year ended 31st March, 2015 P&L projections.


* Operating Costs deducted from Revenue.



Crosseyed*
Cenkos
AJB


Revenue
15,433
11,900
16,646


Operating Cost
0
-1,300
-2,128


DD&A
-5,602
-2,500
-7,003


Gross Profit
9,831
8,100
7,514


G&A
-1,320
-1,800
-1,768


Other
-962
0
0


Finance Expense
-905
-200
-1,050


Impairment
-390
0
0


Net Profit
6,254
6,100
4,696