JKI do not have that agreement anymore I don't think..I will post it if I can find it..wont be till later as going out shortly and will be out tonight with misses..but I think its not in place..and if it was JKI will be buying the gas not getting it for free...there could be an estimated $100k a day from these 4 wells alone..there are others planned...very good tie up this with BH..cheers links..ps there will be loads for sle once payments met
BAKER HUGHES!. Will receive a portion of profits generated from production. Until Bakers investment has been fully recovered. Baker will then receive a to be agreed net profit interest from the wells
KULCZYK INVESTMENTS! Signed an agreement with AUL in Oct: 2009. Under the agreement Kulczyk have the right to acquire all the gas that will be produced from the Siekierki field for the initial 6 month period and next, during 10 years from the commencement of commercial production. Links any Idea just exactly what all this will mean to SLE. How much will be left for us. Cheers frus.
Showing a plot of the thermal maturity of the basin, he said: “As you move further northeast it gets more mature – the basin gets deeper. The most prospective area we’ve found to be on the flanks. There appears to be a higher TOC.”
“There’s a very complicated maturation history, we think on the flanks we’re in the dry gas window.”
Revealing geological and geophysical risk assessment diagrams, he showed the areas San Leon wanted to avoid.
Hubert provided characteristics of these carboniferous shales: TOC content 1-5%; maturation 1.3-2.0% Ro; silica content of 20-60%; and porosity of 1-7%, to name a few.
He said there were oil and gas shows, a conventional gas field in the carboniferous and conventional gas fields above the carboniferous in addition to being normally pressured.
“There are very few well penetrations,” he said. “It’s at a much earlier stage than the Baltic Basin. We need to identify where we want to be depth wise and laterally throughout the basin. We’ll likely drill later this year in one of our concessions.”
In offering up a US-Poland shale comparison, Huber said San Leon believed that it had the parameters that were indicative of the carboniferous being a high quality shale for gas production.
Finally, he offered some conclusions on the Sudetic Monocline, that it contained thick, organic-rich carboniferous shales; some flanks appeared to optimal thermal maturity; and with a concerted effort, it could prove to be a world-class shale resource.
He commented: “The drill bit will help us mature this to the level where the Baltic Basin is. There is much seismic over the area, but it’s hard for us to see any carboniferous structure. We will be shooting seismic data and will also be drilling because we need more core information.”
had to offer.....massive potential..................................April 25th, 2011 6:24pm Posted In: Shale Gas , Natural Gas, Tight Gas, News By Country, Poland
An Early Mover in Unconventional Poland
One of the earliest movers in development of shale plays in Poland, San Leon Energy likely knows a thing or two about identifying new, productive plays in the country.
Lars Hubert, Exploration Manager at San Leon pledged to capitalize on the knowledge garnered in Poland’s Baltic Basin (in the northeast of the country) and apply it to the emerging Carboniferous Basin of the Fore Sudetic Monocline (in the southwest).
He told delegates at Shale Gas Eastern Europe 2011 in Warsaw, Poland that his company believes it may be a world-class shale play.
First, he gave a characterization of the Baltic Basin as experienced by San Leon.
He said that Paleozoic shales there were widely known as being hydrocarbon bearing and that while there was a relatively simple tectonic setting, there was a complex burial history.
“There are no producing fields onshore in the Baltic basin, but there is offshore,” he explained. “San Leon was one of the early entrants in Poland and a lot of people raised eyebrows at the Baltic Basin – ‘why would you think there’s gas in the Palaeozoic shale?’”
According to data from the Polish Geological Institute, said Huber, it was obvious that there was potential there in the Palaeozoic shales.
“TOCs range from 1 to 10%, and this changes throughout the basin but we are in the maturation window, so we feel some areas of the basin are lower maturation with the potential for oil,” he said, adding that the silica content was 25-63%, brittle, and porosity 4-8%.
He then contrasted that with what San Leon sees as the emerging Fore Sudetic Monocline shale, which comprised carboniferous shale.
“These Palaeozoic shales are naturally pressured,” added Huber. “We see a complex burial history, making this a more challenging job. Significant amounts of gas are produced from overlying reservoirs.”
He continued: “We are kind of on the flanks of the basin and are getting deeper as we go to the northeast. According to the HIS database there are 153 wells which are tagged carboniferous.”
Mr. Huber showed carboniferous core samples. “You can see these nice black shales but also sandstones. We believe there’s potential for a tight gas play. There’s also a small conventional gas play.”
“We would like to recommend the preservation of these core samples, which are being exposed to the elements. It would be a shame if they were lost,” he said of the Polish Geologic Institute’s holdings.
Showing a plot of the thermal maturity of the basin, he said: “As you move further northeast it gets more mature – the basin gets deeper. The most prospective area we̵
this pipeline runs right through our licence in Albania.....very good..links
February 20th, 2014 4:09pm Posted In: Pipelines, Natural Gas, News By Country, (TAP) Trans-Adriatic Pipeline, Azerbaijan
TAP Announces Second Phase of Market Test for Expansion
Trans Adriatic Pipeline (TAP) AG announced the second phase of the market test to expand the capacity of its project, requesting interested parties to register before 7 March 2014.
TAP, the pipeline connecting Azerbaijan to Italy, will start the Booking Phase to expand capacity on 17 March. In that occasion, TAP will send the Booking Phase Notice to all registered participants, as written in the company’s official website.
The current shareholders in TAP AG are BP (20%), SOCAR (20%), Statoil (20%), Fluxys (16%), Total (10%), E.ON (9%) and Axpo (5%).
The consortium took the Final Investment Decision on the second phase of the project in December. The total cost of the expansion will be around $35 billion.
Last year, the consortium clinched gas sales agreements with European buyers for some $100 billion. The nine buyers, mainly from Italy, committed to a 25-year gas supply
hw, yes I think that is a large part of the slow progress; we're led to believe that the permitting and drilling on the lewino horizontal will be quick, though I'm not expecting results until the autumn at the earliest. That's when the new laws (that have been/will be agreed this week or next) will be ratified and put in place by their parliament.....so the new law comes out, gets the nod, but then still needs months before it's actually a new law.
Unfortunately we're still in a long waiting game, and the missing of promises of news on Turkey, Siciny etc. is not helping the SP. Like others have said, until we get consistent and timely positive newsflow (or at least updates on previous missed dates), then the sp will remain in the "out to lunch" territory.
Someone has confidence, nice 2m buy...I think more likely one of the boy's, who has a spare £80k, has the info: req: to know that...Yes with confidence he will turn his £80k into £90k in a couple of weeks when this trots back up to 4.5p.....What about Heivers comment below about Siciny with Halliburton having 120days Max: to take up an option to drill from end last August..AND you Turkey news when it finally gets here...BOTH projects news well over due and many others....ALL RIGHT sometimes delays can't be avoided but surely if we can't have the expected news we should be given an update as to why and when...Not just ignored.
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