Although this could be seen as a negative article I see it as a positive, we are looking to conduct deep coal gasification under geological layers that hold in the byproducts and also as its underwater prevent continued burning as there is no access to oxygen/air. This further strengthens the offshore deep UCG projects we are looking to instigate. http://www.thecourier.co.uk/news/local/fife/councillor-fears-australian-experience-proves-ucg-creates-problems-down-under-1.855877
BHP Billiton chief executive Andrew Mackenzie in today's F.T. makes the case for coal and the use of carbon capture. He calls for more co-operation to make this technology more workable.
We can expect to see the following activity funded from this placing. 1. Additional 3D seismic to overlay onto existing Lytham older seismic. 2. Completion of environmental impact study for Kincardine/Firth of Forth. 3. Planning application for pilot plant in Kincardine/Firth of Forth. After which I expect to see. 1. Farm in to North Sea licence, more attractive now due to new tax rules. 2. INEOS farm in / partnership on UCG pilot plant.
18 Mar '15
North Sea tax breaks
http://www.oilvoice.com/n/North-Sea-tax-breaks-a-commentary/e94dcb583a10.aspx Good news for us too!
17 Mar '15
RE: Cluff interview link
Exploration well 41/5-1, drilled by Walter in 2004, was the first well in the licence after award in 2003. TD was at 6263 ft TVDSS, some 100 ft below the top of the Carboniferous. The well encountered some sand of Namurian age. Only 20 ft at the top had decent logs across it. The sand had no gas shows. In the overlying Zechstein the Hauptdolomite and the Plattendolomite showed reasonable, resp. questionable reservoir quality. The quality of the logs suffered from poor hole conditions. Two Zechstein reservoirs were tested. The Hauptdolomite flowed water but the tests are invalid due to no isolation. A test in the Plattendolomite, questionable due to flowing water behind the casing, produced some gas (no water). This reservoir is believed to be fully gas-bearing. The upper (original) pick on seismic of the Hauptdolomite appeared to be a multiple and the structural closure of this reservoir is doubtful. https://itportal.decc.gov.uk/web_files/relinqs/p1129.pdf
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