serendip..JP didn't mention where but to the west of rawicz ..sle with pnr hold all the southwest concessions..gora where scincy is has had some 3D over it..so it could be nearer than gora..slupia is to the west if you look at page 12 and zoom in it gives loads of oil and gas prospects...on page 16 shows slupia to the west of rawicz.........3D was done on rawicz as we know..it doesn't mention slupia..so maybe slupia as gas was found and oil like rawicz...hope this helps mate..
In February Kamp ordered production at the Groningen field to be cut by 16 percent for the first half of 2015, sending prices in northwest Europe surging. He is due to make another decision on production at the field on July 1
a rerate has to come as this is big for JP to say what he has....and another rawicz to come down the line!..things are moving in line with sle as that's one thing sle don't do is stand still....nice stuff awaiting to come out with other projects imo in the wings..4p is still a good price as more success with rawicz..siekierki..lewino..morocco and any other projects..will propel us onwards and upwards past that by year end imo..gl links
thanks for the info links. i got into this share jan 2014. i must admit , i did start loosing faith at the end of last year. however im very excited again now we have this news. i believe its the start of things to come that will kick start production on a number or other assets we hold. if / once we get positive news about the results ( which i believe we will ) im hoping for another nice rise in the sp. as close to 4p ( were i got in at ) or more would be nice. but i have no idea how close we will get to that. time will tell. its a very good time for all investers here. and once we get income into the bank , sp is bound to rise :) all the best lee
whilst having a spare half hour began to type this out.. there is an error in it as I was listening and typing ....in Europe! jp didn't say just played it again..he just says biggest field!...cheers links
Oh so promising rather than fairly this is a great result at the top end of our expectations..the well is capable of excellent flow rates and proven up that the formation that has good ability to flow and permabilitity..and despite the fact a bit of damage from the skin from the drilling process which we expect to be removed as it continues to be removed as it has been so far from the well test with the well increasing and pressure increasing over time..then there is clearly more upside to this well on that rate already..
several things and we are going to do them in parallel..we have already completed a feasible study regarding tying in facilities and so on for a development..we are talking to pipeline owners which there bare more than one locally about tying in and pricing and so on, that's well advanced..
the results of the well have very clearly told us we should now go ahead and finish planning the next well..that could well be a horizontal or high angled well which should in the same rock have a significant higher flow rate due to a lot more contact with the resevior..so more drilling and prosecuting the development phase are what we looking to go after..
it does I believe around 70% of polands gas is imported and any country would like to produce it themselves for an energy security point of view and from an income view..so this is a big deal this I believe is the biggest field in europe since the middle 90"s that is now going toward development..it is a big deal for Poland and locally we have other targets as well..we have leads and prospects and particually to the west of rawicz we have a similar size prospect which we will look to do 3D seismic over and mature that up for future drilling as well..so the stuff that comes off locally for this success as well..
well certainly oil prices arnt but the real positives regarding rawicz and Poland is the gas prices are very buoyant in Poland, some of the best in Europe and of course gas hasn't sufford in the way oil has so we are talking about a high value product here with a very ready market,local infrastructure and your absolutely right the deal is san leon do not pay upfront for the fist couple of wells and associated activities and in a success case that is clearly demonstrated here when production occurs then part of the production is used to pay back our 35% share of those costs..its a good structure for us and we are extremely happy with the outcome..
anything can come up as there is fair bit to come regarding other projects from Poland/morocco etc..when the next rawicz info is released,there will be quite a bit of info/data involved as this will be from pnr...we have JP saying..we have more locations..a new prospect(which could give sle income through novasies doing 3D work)..all in all looking good
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