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Three years ago, I challenged our subsurface and digital teams to get seismic delivered in days, not weeks,” said Woodside Chief Technology Officer Shaun Gregory.“They met the ‘days’ challenge last year and have now surpassed it. Being able to get seismic results in hours – about 150 times faster – means that we can be DECISION READY SOONER. It is another example of how our technology work programme, which is only a few years old, is delivering proven value to the business while making work even more meaningful and engaging for our people,” he said. AWS Vice President Engineering Bill Vass said Woodside was one of the leading innovators globally. “Woodside is the first energy company to reach this scale,” he noted.The seismic breakthrough comes after Woodside and AWS agreed to a new partnership in 2020, whereby AWS became Woodside’s strategic cloud provider.
IF for example Woodside did take an interest in Chiditch , our portion of 3d being reprocessed is 800 sq km over the immediate CH-1 dIscovery area, Woodside could get the data from TGS or CGG that is available and do the entire license in a few hours, not just a portion, including all those leads that SHELL identified to the South West of the license, that may be large Oil/Condensate reservoirs, they could have the whole nine yards in hours
As said many times, the big players will not wait for the minnows, same not new kyranis re run with all the other data and seismic available to them , in the license bid round data room and or on request from the databases of TGS and CGG
IF its our next door neighbour Woodside come a knockin, we will be seriously rocking
We just need to show the market , evidence, the license will be moving onward and upward like our market value and share price and that takes A NEW OPERATOR
None of the current team are, its like the market are looking at a game with Ronaldo, Messi and Lewandowski up front and we have no Goalkeeper
Then BUFFON steps into the six yard box and gives them a big smile lol
as said before the operator is the key to a mega boom here, all the data is out there the conference held on 25th March the day after our out of the blue sudden raise Chuditch and AVAILABLE high resolution seismic briefed, attending 42 International oil and gas companies and 223 other companies
This is the sort of thing a field driller and developer brings to the game
WOODSIDE has become one of a handful of companies worldwide to simultaneously use more than one million virtual Central Processing Units (vCPUs) on Amazon Web Services (AWS) infrastructure. In late November, Woodside successfully executed the million-vCPU scale computing workload across three AWS regions in the United States. The vCPUs performed full-waveform inversion on 3,200 sq. km of 3D seismic data from the Greater Sunrise gas resource, located offshore Timor-Leste.
Woodside the operator of the Greater Sunrise gas field about to go into production 48 years after discovery and expected to be depleted around 2025, Chuditch is right next door, perhaps they might be also eyeing us as the backfill for their pipeline once Sunrise depleted, after all by the time Chuditch has multi wells and FFD, we could be a ready made replacement by 2025
and Gaming at the moment, I do not see any, rock bottom MC , asset on development worth tens of Billions out of the ground, so a few billion once reserves logged in the ground value on a regional risk/npv10 basis like other companies
All we really need is that OPERATOR to step in an take control of the license and the NEW timetable of events
Well looks like the region expecting a sharp increase in GAS/LNG consumption According to GCEF’s report on the new trends on the global market of LNG carries, by secretariat Aydar Shakirov, at least 142 LNG carriers are expected to come online between 2021 and 2025.
Out of the total number, 46 LNG carriers are to be commissioned in 2021 followed by 38 carriers in 2022. South Korean shipbuilders account for the majority of LNG carriers on the order book. Hyundai, Samsung and Daewoo are going to build 110 carriers, while the Russian firm Zvezda has orders for 15 carriers and China’s Hudong for 11 carriers
We will all love a TR1, but judging by the churn and the size of buys , I don't think we will now see one unfortunately. people are still all to happy to make £2 profit and bale out because they does believe in the cause, which is not unsurprising as small oilers do not have the best of reputations on AIM. People are also naturally skittish when it comes to the money they invest, most of us don't have the balls to let I ride and will run for the hills as soon as they see a red number ( seeing to many of these lately).
Always work on Market Cap , sp a meaningless short term traders guide
All now depends on the deal we get and the amount of the license we retain but even 15% of such a large asset , its as big as sunrise and that is valued at $64 Billion
In the ground value alone would be in the low Billions as reserves the 5TCF as mboe is 850 x $4 would be 3.3 billion or $345m for a 15% retained holding in the ground value reserves npv 10% regional risk, no idea what TL rating is currently
USA Back in December was $7.5 a barrel when the price was $39 out of the ground so based on that if recognised and moved to reserves say now $8 that would be double above $690M
We are looking at some serious numbers even for a retained small percentage of the project once in a position to be moved on by a NEW Majority Field Operator
Now look at current Market Cap even if diluted further to fund UKCS/Peru still a massive amount of MC upside at 10 billion or 20 billion shares if not consolidated
10 Billion shares at 1p is £100m MC (Current share base = £104m) 20 Billion shares at 1p is £200m MC
many recent oil and gas minnows have hit MC of £450-£650m on a lot less , most recently on another hope we find something and it flows , 88e spiked to £569m MC
my calc's always based on
Achievable MC - Divided by Share base = Achievable sp
We are right next to Sunrise its listed as same size 5 tcf same as shell mapped for chuditch they have some condensate, shell also stated the South West side of the license also had more leads, 2 of which they thought , either large Oil or Condensate reservoiurs
Sunrise recently at the Oil and Gas roadshow valued at $50 Billion in Gas + $14 Billion in Condensate
Chuditch, Boil/SundaGas currently valued at S.F.A versus the potential of the asset no matter how much we retain moving forwards