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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON) Watch here

Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)


Aminex Share Chat (AEX)



Share Price: 7.00Bid: 6.75Ask: 6.90Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.15Spread as %: 2.22%Open: 6.70High: 7.20Low: 5.325Yesterday’s Close: 7.00


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Robbie1424
Posts: 1,247
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:7.00
RE: Happy Daze
Today 00:58
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.!
 
DegsyAlmomd
Posts: 9,982
Off Topic
Opinion:No Opinion
Price:7.00
RE: PRODUCTION
Today 00:26
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.
TIPTOP
Posts: 9,108
Observation
Opinion:Strong Buy
Price:7.00
View Thread (2)
PRODUCTION
Today 00:13
The word production was used 3 times in the latest RNS which is very impressive for an appraisal well ;-)

Shame they couldn't underline it with a red marker pen !
TIPTOP
Posts: 9,108
Answer
Opinion:Strong Buy
Price:7.00
RE: Happy Daze
Today 00:00
Hey Robbie. Did you check.out the logs for N2 ??? I didn't looked stacked to me but a pretty clean reservoir with conformity throughout.

Just my thoughts from the logs Cheers
TIPTOP
Posts: 9,108
Observation
Opinion:Strong Buy
Price:7.00
LSE
Mon 23:52
One point which Im not sure has been discussed is the fact that Aminex has a full listing on the LSE whereas Solo is just on the AIM ;-)

Having a premium listing has to make Aminex more attractive to the IIs imo.
Robbie1424
Posts: 1,247
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:7.00
RE: Happy Daze
Mon 23:52
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.

Think the big boys will be all over this.
TIPTOP
Posts: 9,108
Answer
Opinion:Strong Buy
Price:7.00
RE: Happy Daze
Mon 23:46
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 :-)
DegsyAlmomd
Posts: 9,982
Off Topic
Opinion:No Opinion
Price:7.00
RE: Happy Daze
Mon 23:18
Loud and clear. Is this info leaked to insti's, would it be fair to say in you opinion?
PHILBORO
Posts: 834
Off Topic
Opinion:No Opinion
Price:7.00
RE: Happy Daze
Mon 23:08
Does having to use heavy heavy mud mean anything to you :)
TIPTOP
Posts: 9,108
Answer
Opinion:Strong Buy
Price:7.00
RE: Namisange
Mon 23:08
Oh...and yes I believe we are much more likely to hit oil in Namisange




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