Would not be holding too much hope on the BNK result. Price action over the last 3 weeks in BNK tells you all you need to know on that result being materially positive for that business. I fear the downward trend in SLE generated by other results and our board's relentless pursuit of self interest over creation of shareholder value will see this fall below 2p sometime in the next 2 weeks. I wish i had some more optimism to be invested in this share once again in a positive fashion but that's just the way i see it here at the moment.
The company Orlen Upstream drilling has started work in the new Stręczynie in Lublin Voivodeship. Again, the 11th hole of the group in search of a non-conventional deposits in Poland will be made within the concessions "Athens" in Polish.
Vertical hole Stręczyn-OU1 was completed and mid-2013. It reached a depth of 3.5 km, and its lower part taken was 350 m rock core laboratory for analysis. Nowy Stręczyn is the next, fourth location where the hole is made horizontally in order to examine the possibility of the production of natural gas from occurring in the area of roofing slate formation. -We expect that the work of Cyców drilling will last about a month. We plan to achieve during this period the total depth-calculated along the trajectory of the hole-4100 feet. If all goes according to plans, the fracturing treatment will do in the second half of the year 2015, "said Wieslaw Prugar, President of Orlen Upstream.
Two weeks ago the company completed drilling works in Minkowice from where, within Świdnik County to the new transported Stręczyna drilling machine. After its Assembly and mobilization of the crew, the first steps in a hole was made on Monday.
Work currently underway in the borehole Stoczek-OU1K, where the treatment is carried out production test of hydraulic fracturing. In parallel, the team prepares a new test hole location Upstream Orlen, planned within the concessions "Wołomin".
Exploration for and extraction of oil and natural gas is one of the pillars of the revised in July this year PKN Orlen strategy 2014-2017. The strategy assumes a continuation of the exploration of hydrocarbon concession areas in Poland, as well as the intensification of the 2013 mining in Canada. The total investment of the group in the mining segment in the next few years may reach 3.2 billion
as stated lots of times before..polish gov fault for delays in oil and gas!!
""Location determination, the acquisition of title to property and permission to cut the trees and shrubs will take a maximum of 30 days instead of a few months as at present-it is estimated SMEs. The issuance of environmental considerations in relating to the exploitation of hydrocarbons has to deal with to 45 days, and getting authorization wodnoprawnego-30 days. Periodic turning of the agricultural and forestry land use, you will be able to get in 14 days.
As a result, in the case of exploration and hydrocarbon detection time will be reduced from about 12-20 months to ok. three, while the extraction of hydrocarbons from even 43 months to ok. the five said Karpinski.""links
MSP proposes "short description parameter" to accelerate the search for oil and gas | 23-09-2014 17: 22
Multiple reduction of administrative procedures according to the Treasury Department to give the next "specustawa"-o investments in search of hydrocarbons. According to Minister W³odzimierz Karpiñski, the project meets the needs of investors.
SMEs: new President aims to increase the activity of the PIR The industry positive about the project "speustawy" Department of the Treasury The Government will be resuscitated slate revolution Kicker: the Government will be professional, full of strong personalities
As the Treasury underlined the overriding aim of published on Tuesday the project is speeding up and facilitating the procedures governing licensed mining activities, and proposals are modeled on the existing "specustawach": the road investment in the field of nuclear energy and of the LNG terminal.
"Comprehensively regulates the whole investment process-that is, everything that happens after getting concessions. Thanks to the acting company in Poland will be able to carry out work related to the exploration and extraction and transport of hydrocarbons on the basis of one piece of legislation, "said PAP minister W³odzimierz Karpiñski.
"The project also allows significant shortening of the waiting time for the key administrative decisions, which the investor must obtain before starting work, investment," added Karpinski.
Location determination, the acquisition of title to property and permission to cut the trees and shrubs will take a maximum of 30 days instead of a few months as at present-it is estimated SMEs. The issuance of environmental considerations in relating to the exploitation of hydrocarbons has to deal with to 45 days, and getting authorization wodnoprawnego-30 days. Periodic turning of the agricultural and forestry land use, you will be able to get in 14 days.
As a result, in the case of exploration and hydrocarbon detection time will be reduced from about 12-20 months to ok. three, while the extraction of hydrocarbons from even 43 months to ok. the five said Karpinski.
The proposed Act concerns investment in the exploration of hydrocarbons, that is, in practice, such as drilling. in search of gas from shale, which have become investments to the public.
..................as stated lots of times before..polish gov fault for delays in oil and gas!!
""Location determination, the acquisition of title to property and permission to cut the trees and shrubs will take a maximum of 30 days instead of a few months as at present-it is estimated SMEs. The issuance of environmental considerations in relating to the exploitation of hydrocarbons has to deal with to 45 days, and getting authorization wodnoprawnego-30 days. Periodic turning of the agricultural and forestry land use, you will be able to get in 1
An announcement from the company that they're going ahead with the Lewino horizontal would give these shares a good boost. They've got the cash from the aborted Turkish project plus the cash paid to them from the Pnr JV so there are more than sufficient funds. Would take the pressure off OF as well, showing that he is doing something constructive. Perhaps he's keeping the announcement for the AGM.
Gazza2706, oh I see, so you just bought on what I posted rather than your own research..... yes of course you did,....... oh come on, not even I believe that you are that stupid, you must have done your own research as well surely??........,
Just for the record I am still positive here..........have a good day, I am off to work........
Christ searcher I wish you'd have been on another project a couple of years ago when I started listening and believe the posts you was putting out. I'd have saved myself a bloody fortune. Do me a favour can't you and links do the project together.
TransAtlantic Petroleum, which has completed several wells in its Bahar Field in southeastern Turkey as part of its Molla drilling program, said the Bahar-4 well has produced an average rate of 450 bbl/d during its initial seven days of production. The well had an initial production rate of more than 500 bbl/d of oil from its upper Bedinan zone at a depth of about 3,048 m (10,000 ft).
The Bahar-3 had an initial production rate of more than 400 bbl/d from its upper Bedinan zone, which produced an average rate of 350 bbl/d during its initial seven days of production.
Combined with production from the lower Bedinan zone, at a depth of about 3,216 m (10,550 ft), the average production rate for the Bahar-3 during the most recent seven days is 470 bbl/d, the company said. The Bahar-3 and Bahar-4 are currently flowing up casing. TransAtlantic expects to install production tubing on both wells in October 2014.
The Bahar-2ST has been completed in the Hazro zone and is currently on a pump test, according to the release. Transatlantic also provided an update on its Selmo drilling program, also in southeastern Turkey.
The company is completing the Selmo-68H3 in the MSD zone. In July 2014, the company completed the Selmo-85H1, which produced an average rate of 320 bbl/d during its initial 60 days of production. In June 2014, TransAtlantic completed the Selmo-54H1, which produced an average rate of 660 bbl/d during its first 90 days, according to the release. Average production for the initial 120 days of production from the Selmo-84H2 and Selmo-86H2 have been 370 bbl/d and 375 bbl/d, respectively.
TransAtlantic is 100% interest in the wells.
In northwestern Turkey at the Thrace Basin development, TransAtlantic said it recently completed the TDR-5H (41.5% working interest), a horizontal well targeting the Teslimkoy formation. The well had an average initial production rate of 1.5 MMcf/d during its first 20 days.
TransAtlantic also successfully recompleted a discovery well in the Gocerler Field (50% working interest), which tested 4 MMcf/d, the release said. The well is the company's first completion in the Sogucak limestone reef reservoir. All of TransAtlantic's previous Thrace Basin completions have been in sandstone reservoirs. This discovery has increased the company's interest in developing the limestone reef trend in the central Thrace Basin.
In addition, TransAtlantic is drilling a five-well campaign of shallow, conventional, vertical wells (41.5% working interest) in the Osmanl area based on 3-D seismic shot in fourth-quarter 2013. The first vertical well tested 1.5 MMcf/d. The company recompleted two vertical wells into the Teslimkoy Formation that have produced an average of 535 Mcf/d in their initial 30 days of production, the release said.
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