Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
JKT-1 spudded 2012, drilled 58.5m down a fault zone (conformed by borehole images) with very poor reservoir properties - explaining the non-commercial flow rates. The well is positioned at the end of one of a series of linear seismic fault attributes and thus calibrates them as zones of poor reservoir properties.
• The side-track will be drilled on a NNW azimuth through a seismically less disturbed zone. This is due to uncertainty around the KRT-39 drainage area and fault complexity nearby to it. KRT-39 had produced c 0.5 MMstb (by 2019) proving the presence of producible hydrocarbons in this area.
• Well cost: $2.2mm, Time to payback: 9 months
AJ, do you have any historical info for JKT-1 that you can share?
MP
The 150,000 share buy has moved the ask up to 2.85p, the bid has moved up to 2.63p. With the low volume the MM have kept the spread at around 8%. Oil currently around $68.70
MP
Blocks latest tweet states June for WR-BA spud. The target is 550 barrels a day and a tiny amount of gas. If the economics and volumes predicted are the same as for well WR-BB then the output plateaus at 10 months and then declines at 18.8% each year. This is a make or break year for Block Energy.
MP
WR-BA expected to spud May/Jun. An update on WR 16az could be anytime as and when.
Nothing exciting to report on level 2, market seems fluid but no volume.
MP
Anyone know when we are expecting the next update on progress / flow rates etc ? I was hoping for May.
Geowiz has now taken to segueing with himself, referring to his own post regarding profit on Friday at 16:33.
Give it a rest.
$1.4 mm is revenue not profit.
Profit (revenue less OPEX and salaries) is what supports the share price. So far there hasn’t been any.
Reminds me of the circus chat here , so reminded me of a album played over twenty years ago and thought of block Energy.
When we do strike a new well then remember this song and the part that son speaks to dad.
Circus of heaven by YES.
No matter what happens the son is disappointed
Bit of light humour
1.4 mil from gas and you somehow ramp it down to being worthless . Have a great weekend everyone.
1 mmscf/d of gas at a generous $4 per mcf is around $1.4 mm revenue per year. Less OPEX, local salaries legals on gas contracts etc is diddly sqt profit. That is assuming the gas rates don’t decline which of course they will. It’s about the oil nor the gas. Oil rates should be announced soon.
You will be able to sell them for 25p in 18 months MP! Hold on, the next 12 months here will be HUGE.
Wow. I can sell 65k gbp at market rates for 2.6275p.
MP
Forget the Gas? What a strange uninformed comment ! Your posts are making no sense, any business is a combination of all their assets. To dismiss parts of what they are about is what someone with an agenda does.
No point going on as you are not interested in anything other than writing an extremely one sided and misinformed post designed to not inform but to deramp. Just stick to fact please. It’s all in the Documented RNS’s
15.29 ~~~ Agree Sea !
" ~ They need to calm the market ~ " !
LOL !
Calm we`re in the doldrums :
Just have a look at the chart geowiz , it`s been as flat as a witch`s ti t for the past year .
Geo you’ll find some of us here are for the long term potential gas farm in. That’s long term and we are happy to sit on our hands. But yet in the short term they’ve lumped a great big lump of kit from Canada and 3rd party has invested in miles of pipe work all because it’s not commercial. Howay, it’s you that’s in decline mate.
They need to calm the market ??
really - i am guessing then geo you are the agitated one, who needs calming
guess you are holding and heavily underwater
It is binary and forget the gas (boe) it’s too small to be relevant and normally declines even more rapidly than oil.
They need to calm the market by announcing the latest oil production figures otherwise folks will worry the other wells have done a 16z. It’s not complicated. Hands up who would like to know the oil gas and water rates for this week??