Tip top- looking at the logs they could potentially have 4 stacked compartments.
The bod are confused about something within the basin model?
Oil? As it shouldn't really be there Which would infer nt3 is back spilling or oil generation has carried on.
Those that got mugged today Own fault as if they had done some research they would have been very happy with the rns and not panicked.
Nt3 looks a peach and could be very big oil.
Looking further afield now for future drills. Nt3 could be 10 km wide (imagine that? 10km wide and 40,50 m pay- wow) so I would say an nt3 closer to 2 at the bottom of trap 3 then 4 near the top Or they may opt for a horizontal instead of having the additional well and it would allow them to still drill thru the lower tertiary target. But riskier in an over pressured well. More info required first.
Very interesting times and only came for a look in a few weeks ago but when I saw the info I decided I would be here longer than planned;0)
They have played safe drilling 2 before 3 as most wanted 3 to happen quicker. I like the softer approach they have taken and shows they are in control.
Just need a few other things to fall into place now. Watch this space. Get the feeling they are holding stuff back on purpose as there are deals afoot as I'm pretty sure they would have liked to have added more detail.
Pretty straight forward play so no issues should arise. It's flowing so they didn't conmpromise the formation as that is what they could have done as determining drilling fluid mud weighs is not easy especially if going thru different compartments with differering pressures. The Beauty of it all here is as they drill more wells they get lots of information which will derisk each play further. Bed time. GL for tomorrow Add on the dips.!
My eyes popped out of my head reading it then I scrambled to buy more on the crazy shake. Crazy shakes are spoken about but seldom do you see them like this in oil and gas on a penny stock as real deals are few and far between.
This is looking like one of those real deals. God knows where they'll take it as news leaks out.
Phil- Not too heavy tho. We don't want them compromising the well.;0)
Joking aside they have a good team. Hard part is done. The next week or so will be spent trying out different chokes.
Also they may be having to siphon off some fluid which is created with the overpressure. This will be bled off thru the annular.
The bod are confused by the results and they are assessing the basin model.
I think this is because in over pressured wells,oil can carry on being generated where gas should be.
Also we are all thinking a continuous gas column. But if it is compartmental they could have hit stacked reservoirs where various compartments have their own capacity for hydrocarbon trapping
So I originally stated that the oil should be at nt3 but from that rns I could be wrong and they may indeed have hit oil or stacked reservoirs. I think that's why they haven't said anymore in the rns
The timing of the onset of gas and oil generation from the source rock is one of the most important factors when risking individual or basin prospectivity. It is common that in the closed environment of an overpressured system, the timing of oil and gas generation is delayed. Thus oil and gas are generated at depths greater than predicted in conventional geochemical modeling. This can have critical importance, particularly in areas where oil is economically advantaged compared with gas. In the overpressured basin the oil will continue to be generated at depths where gas would normally be expected.
Philboro, I'm just so glad we had the MWD technology on the collar to save us from any blow outs from adverse temperatures. Clearly it's not just as easy as weighting the muds as there's a big risk of rupturing the formation. Overpressured reservoirs can be difficult to control but the technology we are running makes risk minimal and provides us with to the second info. Once you've drilled these type of reservoirs the risks are much reduced and the upside regards flow rates are huge.
Bring on the results that I've been waiting years for....they won't disappoint :-)
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.