just for you frus..don't worry about pnr"s 65%...........this is san leons 35%..
some numbers on just the 4 carboniferous licences PNR have taken over..
what JB said......."He explained: “What’s most exciting is the amount of gas in place that has been calculated in the wells and that there is a significantly thick tight gas section in the well to test. What’s interesting about the two sands – what we call the A and the B sands – is that combined there’s 290 BCF of gas in place per square mile if you total up all the gas.”
Of that, he said, 227 BFC of gas has been calculated as free gas – gas sitting in the pore space, per square mile.
“So think about that in terms of 10-20% recovery factors. If we were able to drain these with vertical wells, let’s say eight vertical wells per square mile, you’re talking about huge recovery rates, and therefore with our well costs getting lower and lower in Poland and San Leon’s operating capabilities getting stronger and stronger by the day, "
these four licences have 1426sq miles..this equates to 179 wells ..at 10% this comes out to 4.0633Tcf..
At 20% this comes out to 8.126.6Tcf..
here is something from telegraph last year ie 130TCF worth £1Trillion!!
By Francis Egan
7:35PM BST 03 Jul 2013
The Government last week published the British Geological Survey’s estimate of 1,300 trillion cu ft of natural gas stored within the shale rock deep beneath northern England. It is becoming clearer that the potential to transform our energy provision lies underneath our feet.
If only 10 per cent of northern England’s shale resources can be extracted, that would meet the UK’s current gas demand for more than 40 years. And at today’s prices, it would have a market value of almost £1 trillion, without considering the gas and oil deposits elsewhere in the country.
On those 4 licences..10%=4.0633Tcf or £31.25Bill...20%=8.125Tcf or £62.5Bill..
works out that our 35% above if proven on all fields and luck..£10.9375Bill 10%recovery..or £21.875Bill at 20%..
this is working on the 227bcf per sq mile nice if it works out..links
that's because there is nothing to come up with..they are backers pure and simple..and as for the 65% do you know how much these drills etc will cost? probably not..but you are looking at easily between 30/50mill..sle hasn't got that monies ..so they farm it out..they have and got 20mill paid upfront..if any of this is a success it is worth a major fortune to sle who hasn't spent a penny.. if you look at the figures JB put on scincy ie carboniferous and work those figs out(which I did and posted them here) you will see that the 35% is if successful on all assets in the 65% mega..this is without natural gas at rawicz which is in a higher formation than the carbonifous..and siekierki..which they will be going after conventional higher and the lower unconventional..links
Question is what do we make of it...Must say I'm very surprised that all the guy's who usually come up with news have come up with nothing on this...Infact there seems little interest as to who they are. My initial thoughts were it could be a good deal, in at least it gets us moving BUT I also think we should not lose sight of the fact that JB's remit is now success for PNR not SLE...His Co: has already taken a huge 65% slice off one of our better prospects. He seems a perfect fit for their stratagie, bit surprised his ambition is to own a river Co. Thought it might have been to own a successful oil/gas Co:
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