Stratic Energy Share Discussion Threads

[nick rubens] 17/3/2010 16:22

Todays trade according to my TDWATERHOUSE Account. lol

"14:23 7.53p 16 shares purchased"

[doji star] 11/3/2010 21:28

The North Sea companies Valiant and Stratic Energy share EnQuest's Don field acreage, prompting speculation that they could be in Mr Bseisu's crosshairs.

[ifudrillittheywillcome] 08/3/2010 16:13

The Valiant guy is "pleased." The Stratic guy is "delighted". And investors remain invisible. More news needed about the "new" stratic and operational plans.

ifu

[steelwatch] 08/3/2010 12:30

NEWS RELEASE

West Don Field - Commencement of Pipeline Export


CALGARY and LONDON, March 8, 2010 - Stratic Energy Corporation (TSX Venture:
'SE', AIM 'SE.') ("Stratic" or the "Company") announces that pipeline export for
the West Don Field via Lundin's Thistle platform into the Brent Pipeline System
for delivery at Sullom Voe terminal commenced on March 5, 2010.

Since initial field start up in April 2009, West Don production has been
exported via shuttle tankers loading from a single anchor leg (SAL) mooring
system; this enabled early production from the field but was susceptible to
interruption from severe weather. As originally planned, export has now been
switched to a permanent pipeline export route via Lundin's Thistle platform;
this is expected to reduce interruption and to improve production stability and
export operations. Stratic estimates that West Don production to date through
the SAL system accounts for 11.0% of its proved and probable reserves, leaving
the bulk of the field's reserves to be recovered through the more stable
pipeline off take route.

Petrofac, the West Don Field operator together with Lundin (Thistle Operator)
began modification of the Thistle platform in late 2008; this work included the
installation of a new flexible riser hang off platform. The final tie-ins and
pipeline commissioning operations were completed by the end of February 2010.

Mark Bilsland, Stratic's Chief Operating Officer, commented: "We are delighted
that the West Don field has been successfully tied in to the Brent Pipeline
System via the Thistle platform. This planned change over to pipeline export
sees the completion of the initial development plan for the West Don Field and
is expected to improve production and export performance."
TSX-V notification

[steelwatch] 08/3/2010 07:57

RNS Number : 2054I
Valiant Petroleum PLC
08 March 2010

Valiant Petroleum plc

8 March 2010

PRESS RELEASE

Completion of Don Fields Phase One

Valiant Petroleum plc ("Valiant" or the "Company") is pleased to announce that Don Southwest and West Don (the "Don Fields") production via the permanent pipeline export route to the nearby Thistle platform was commissioned on 5 March 2010 and the delivery of oil has commenced.

Completion of the Thistle export route has also allowed the Don Southwest partners to start production from the recently side-tracked Area 22, the final production well associated with the first phase of the development. The well has performed in-line with expectations reaching initial flow rates equivalent to over 15,000 barrels of oil per day. Water injection into Area 5 in the north of Don Southwest has also commenced.

The commissioning of all of the current well-stock on the Don Fields and 'up-and-over' export of oil via the Thistle platform marks the completion of the first phase of development of the Don Fields and represents a significant milestone for Valiant and its partners in the fields. Operational focus on the Don Fields will now shift to phase two anticipated to commence during Q2 2010.

Peter Buchanan, CEO, commented:

"We are pleased to have completed this important milestone for the Don Fields project, allowing us to focus our attention on the further stages of development for these fields in 2010 and beyond."

In accordance with the AIM Rules, the information in this announcement has been reviewed and signed off by Brian Elliot, Operations Director, who has over 20 years relevant experience within the sector.

ENDS

[steelwatch] 25/2/2010 09:01

Progress on Longanesi sale.

[steelwatch] 24/2/2010 12:54

Operator Nexen spudded the 15/23d-15 well on the boundary between blocks 15/23c and 15/23d on February 22, 2010. The well is being drilled as a joint well between two separate partnership groups and will satisfy a license commitment for the P1465 (Bowmore Area) partnership operated by Nippon Oil Exploration and Production UK Limited on behalf of Stratic and other partners.

The Bugle North well targets the northern extension of the Bugle oil discovery that was appraised by the P815 group in 2008. The well is to be drilled by the GSF Arctic IV semisubmersible drilling rig to a total depth of approximately 15,000 feet and is expected to take approximately 60 days to drill to that depth. The cost of the well will be equally split between partnerships.

[steelwatch] 23/2/2010 14:36

Commencement of drilling on Bugle North

[westmoreland lad] 11/2/2010 20:57

Good balanced thread again Steel -- thanks ifu for your input.

Be in touch over de w/end Steel -- meantime, hope probs. are being resolved ?

[steelwatch] 11/2/2010 20:21

thanks ifu. Though not life threatening, afraid the "in sickness and in health" vow has kicked in with a vengeance. Leave the PC on all day, but only get a few moments respite here and there, so conversations become somewhat disjointed.

Yes, I realise it was at the drill or drop stage. Let's hope Bugle brings a change of drilling luck.

[ifudrillittheywillcome] 11/2/2010 19:50

My understanding is that it's 16/3d that they were to drill. However, they didn't want to drill it in the bad weather months and have another fiasco so, they let it go. It's that block that relates to the "potential partners" wording.

It's quite possible that no one else will be interested in this block and re-acquisition will occur without issue. However - if they don't get this block back - we lost 50% of the Bugle/Bowmore for zilch.

I did listen to the webcast. Talk needs to be converted to action.

Hope the health issues are quickly resolved.

ifu

[steelwatch] 11/2/2010 17:46

ifu - currently distracted with domestic medical problems, but I note that 16/2b was not relinquished, though 16/3d, 210/19a and 210/20a were, but they hope to reapply for some or all of these in the 26th offshore round. Did you listen to the webcast?

[ifudrillittheywillcome] 11/2/2010 16:22

They gave up 50% of their interest in Bowmore (now Bugle/Bowmore) to get back 50% interest in Cairngorm (bringing them to 100%). They then relinquish the rights to Cairngorm. they tells us that they will re-apply for the license and form a partner ship to drill sometime. (won't be 2010.) If this doesn't happen - it's not bad luck. It's something alot more serious.

ifu

[steelwatch] 09/2/2010 08:01

Just pray the run of bad luck doesn't continue.

[rrogans] 09/2/2010 07:33

Make that 4 shareholders.

Positive and realistic news release. If they had more cash they could probably reposition themselves the way they want to be by buying another exploration company. I think there is a danger here that they'll throw out the baby with the bath water, struggle to find new assets to explore, and reach the end of the road.

Rich

[jaws6] 09/2/2010 07:20

Long news to read

[steelwatch] 08/2/2010 15:55

ifu - still clinging on.

[ifudrillittheywillcome] 08/2/2010 15:41

Should be some information out shortly. Could be of interest to the three shareholders still left.

ifu

[ifudrillittheywillcome] 27/1/2010 16:38

The ball is in management's court. They need to show us why shareholders should stick with them and why new investors should consider them. They have been shut out as the operator of projects. Forced to give up high potential assets to survive ---- forced to cut back on drilling plans ----and forced to no longer pursue the North Sea as the primary core asset of the company going forward.

We need to see a plan that entices the marketplace. IMO - that plan should also include a close look at both the quality and quantity of the Executive team that has been quite generous to itself while bringing nothing in shareholder value. This is a Junior with a staff like an Intermediate. Acceptable if it brings success --unacceptable if it does not.

A much clearer window to the future needs to be opened now. Questions and concerns about the direction need to be addressed. The stock is very cheap now. It may be a great opportunity but they need to show us that it is and why it is.

ifu

[rathkum] 26/1/2010 12:19

If the directors(fat cats) are not buying at this level why would anyone else.

[jotoha2] 26/1/2010 10:27

Do these guys know anything about finding oil and gas , they sure as hell are behaving like total incompetant beginners , just checked their pay and perks package , are they really running a little company , looks more like Tullow oil based on their pay, milking it is the correct word here!

[steelwatch] 26/1/2010 10:09

Bowmore return next up?

[steelwatch] 25/1/2010 18:34

BMN1 - Q1 West Don tie-back to the Thistle platform for continuous production plus possible production improvements from gas lift and water injection - figures to be reported. Longanesi sale completion and possible farm-out of Cairngorm ahead of drilling in the summer (hopefully).