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San Leon Share Chat (SLE)



Share Price: 2.55Bid: 2.51Ask: 2.59Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.08Spread as %: 3.19%Open: 2.60High: 2.60Low: 2.55Yesterday’s Close: 2.55



Share Discussion for San Leon (SLE)


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Searcher
Posts: 35,746
Research
Opinion:No Opinion
Price:2.25
From February.....
12 Jun '14
San Leon Energy Plc (SLE)’s Lewino well in northern Poland, which showed gas flows of as much as 60,000 cubic feet per day in testing, may be brought to commercial production by October, according to the head of United Oilfield Services Sp. z o.o., which hydraulically fractured Lewino.

http://mobile.bloomberg.com/news/2014-02-05/poland-spurs-shale-gas-push-by-scrapping-exploration-fund-plan.html
 
redeyemines
Posts: 28
Off Topic
Opinion:No Opinion
Price:2.25
View Thread (2)
RE: Redeyemines on iii
12 Jun '14
Frus give the full story if you're going to post it------it's an entirely different outlook than the one you are trying to paint.
-
-
---"-------PLANNED WORK
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--
---Firstly the well was NOT intended to be a full scale commercial test----it was a well to experiment and try different techniques to establish what would work best.
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---The company originally planned to do 28 fracs along the entire length., ten of which were going to be in the last 1/3rd of the drill----Equipment failure meant that they could not get 4 of those last 10 to work, ---so 24 fracs were tried altogether.
--
-They tried different spacing's from over 250 feet down to 100 feet or less, seeing how close they could get without rupturing across.
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--They also tried varying depths of fractures and varying widths of the fractures themselves. Some of these narrower fracs would not accept the proppant and were just water filled.
-
-in the end they found the formula that worked best and had an 8 out of 9 success rate with the final fracs., and they now have 9 fracs that they are going to flow test once the fluids have been cleaned out.
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--They work that was carried out would normally have taken three wells to complete, but they are happy that they have managed to get all the information they were after, from this one drill.
Unfortunately be experimenting the way they have, they are unable now to go back into this well as it has been destroyed.
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-
--------FLOW RATES
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----For a full scale commercial test they would have fracked 30-35 times along the full length, and would have been hoping for a flow rate of 1.5---2.0 mill cfd or (maybe slightly more) to have considered it a commercially flowing success.
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--With these 9 fracs they are looking for a flow rate of between 500,000 ---800,000 cfd, to consider that this well has a commercial flow rate. They were anxious to manage peoples expectations of these rates, so that people reading a rate of say 600,000 would understand the significance of what may appear to be a low figure, and not misconstrue the figure as disappointing.
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--I could not draw them as to when they would be going for a full scale commercial test drill as it obviously depends on the flow rate results from this well, but they are very encouraged by the work they have achieved on this drill, and if the rates are good they will be moving forwards quickly".
chesee
Posts: 1,082
Off Topic
Opinion:No Opinion
Price:2.25
Sle
12 Jun '14
We are so overdue an rns here
Feel we are close just little good news to take these to 4p
Or a director but would be nice
ChartTrader
Posts: 54
Off Topic
Opinion:No Opinion
Price:2.25
frus
12 Jun '14
No chance of it ever being a commercial producer. All they are doing is proving
the concept.
As I said yesterday forget the numbers the main part of the bnk results will
be the statement.
Many uneducated might sell on light numbers whilst the real result is a massive
thumbs up.
frus
Posts: 1,077
Off Topic
Opinion:No Opinion
Price:2.25
View Thread (2)
Redeyemines on iii
11 Jun '14
Can't think why no one's mentioned this. Final reply to Redeyemines from BNK.....
The well was never intended as a full scale commercial test. It was a well to experiment and try different techniques to establish what would work best. They tried many different things such as spacing and different depths. They are happy with what they have done. The info: they have got from this experiment would normally have taken 3 wells but unfortunately in doing it the way they have. They will not now be able to use this well again' it has been destroyed.....They have achieved 9 fracs, now awaiting results after flow tests, once the fluids have been cleaned out.
They would'nt say when a full scale commercial test could now be carried out but they are very encouraged and if the rates are good they will move forward very quickly.
dancingshoes
Posts: 138
Observation
Opinion:No Opinion
Price:2.25
View Thread (2)
RE: shale law
11 Jun '14
Cheers links, a bit more info here on that...

On 10 June 2014, the Parliament adopted an amendment to the Geological and Mining Law, which introduces significant changes to the exploration and extraction of gas from shale formations. The Act simplifies the process of licensing and environmental procedures relating to the exploration of hydrocarbons, while increasing control over the issuing of licenses to entities with foreign capital. In favor of the amendments voted 283 deputies, 5 against and 144 abstentions.

One concession

So far, the entrepreneur wanting to carry out work had to get several kinds of concessions - now you only need one (exploration - reconnaissance - mining). Concessions already granted by the Minister of the Environment remain valid. It will be possible to transform them into a new type of concessions or extension. Current operating entities operating in the exploration in Poland are guaranteed their acquired rights.

Prequalification and tendering for entrepreneurs

The granting of the concession will be preceded by a tender, which will be able to participate only entities fulfill a number of conditions prekwalifikacyjnych. The main evaluation criteria will be having relevant experience and the impact on national security. The concession will be granted for 10 - 30 years. The Act provides for increased powers of scrutiny to the licensing authority and requires the submission of a security by the concessionaire in the event of intentional blocking concession area.

Geophysical work and documentation

Significant changes also apply to conduct geophysical works, which will no longer be entered in the scope of the license - will require only a notification. The trader will be required to prepare only one documentation (geological - investment) instead of two separate, existing so far.

Abandoned the concept of introducing NOKE, that the National Mineral Energy Operator. Instead, the Act introduced additional powers for supervisors mining and environmental inspections in the field of supervision and control over the execution of the concession.

The next step towards the adoption of the new law will be a vote in the Senate.

Mileage legislative proposal to amend the Act for Geological and Mining Law and other laws is available on the website of the Sejm .
BlackSwan
Posts: 110
Observation
Opinion:Hold
Price:2.25
Shale Science Conf -Says it all
11 Jun '14
Polish geological conditions are unique, diversified, and different from the well-explored deposits in the US or Canada. Consequently, the technologies used in North America cannot be directly applied to Polish deposits. The experts concurred that it is currently necessary to focus on developing methods of releasing petroleum and gas that will be effective in Polish shales.
During the two days, eminent Polish and foreign experts in geology, geophysics, and petroleum engineering discussed the methods of releasing natural gas from shale rock. The results of well tests carried out so far show that the Polish geological conditions are unique, diversified, and different from the well-explored deposits in the US or Canada. Consequently, the technologies used in North America cannot be directly applied to Polish deposits. The experts concurred that it is currently necessary to focus on developing methods of releasing petroleum and gas that will be effective in Polish shales.

Paweł Poprawa (Energy Studies Institute) pointed out the historical differences in the process of emergence of the different unconventional deposits in the world. It is his opinion that the Polish well test results should only be treated as the beginning of the development of the science behind the exploration of Polish deposits. The participants concurred that the few well tests carried out in Poland are not representative enough for a reliable appraisal of the deposits.
linksdean
Posts: 1,452
Off Topic
Opinion:No Opinion
Price:2.25
View Thread (2)
shale law
11 Jun '14
Members of the overarching law. the extraction of gas from shale

Author: PAP | 10-06-2014 18: 07

Parliament passed a law on Tuesday. the extraction of gas from shale. It provides for the simplification of the procedures for the granting of concessions for companies looking for and extracting it. In the evaluation of the Government of the new law will speed up work on the prospecting and extraction of shale gas
jollyspeculator
Posts: 12,867
Off Topic
Opinion:No Opinion
Price:2.25
no worries, Searcher
11 Jun '14
no clearer from watching trading lol...suspect lots of shares traded elsewhere/wise

...I'll be away offline until w/e...will the sp be closer to 1.75 or 2.25 or 2.50?
Searcher
Posts: 35,746
Observation
Opinion:No Opinion
Price:2.25
View Thread (3)
RE: commercial-extraction-of-shale-..
11 Jun '14
Jolly, sorry mate it looks like it is an old article



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