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Its been another year since 2017 but another year never comes .
C.C,
Yeah, and we all know next week could go either way having researched this to death, however no matter how much research we do it's all down to the drill bit.
I'm not expecting much news on the peripherals i.e. CE/SY just that talks are on going etc..
My focus is on operations re 802/ A5/ 144 well spuds /153/ A8 wells and the 4+ A8 intervals - if most of these come in then great I'll be happy with that for now, and of course any planned acid washes to boot.
Like we've said 2022 is very likely the year for a major share price move north, it's another year but it's all there........
And so now we wait.
Somm,
Thats the correct line of thinking imo .
Take into account winter, cash flow, Dutch / Western European science labs on the go slow and extend the time lines for everything.
2022.
Just a thought, but if the A8 Deep Well is blocked and they're having to refrack it with a newly formulated acid wash it could help speed the Dutch up with the new acid treatment formula they're preparing?
After all sitting on 5 blocked deep wells with potentially game changing OIP numbers and potential production in the tens of thousands of bopd just sitting there is criminal.
If that's the case then bring in a Major to sort them.
Who knows the new Dutch acid treatment may have already been used in the past 6 weeks?
Market very well bid, 375k @ 3.865 v ask limited to 20k @ 4.167
If i was selling, you'd know about it and there hasn't been any volume ? your theory doesn't quite add up but heyho.
Carver has bought 7 weeks since last announcement on 13/10, more than enough time to provide a comprehensive update on all operations. Hopefully the additional time has enabled Carver to release a largely positive update as opposed to thinking about new excuses as to why they've not delivered.
Crude back @ $76 but markets will stay volatile until we know more about new variant. MM's have increased the spread to 3.87-4.17p, great business and obviously haven't got a scooby as to news.
KO makes a fortune from great news but i am a tad concerned as to why the debt/equity deal not ratified yet. i suppose we'll know more this week.
News this week and it will be a 'trading' opportunity for those who understand the true value. The Omicron threat will probably supress sp rally on really good news = opportunity and exaggerate poor news = buy opportunity.
Bring it on Clive and no more bullshoite :)
KK, as you would say "Only saying what I see "
Good shout Un and hopefully we have been a tad hasty with Omicron reaction. All speculation but early indications are more virulent but milder symptoms, let’s hope that turns out to be the case.
Big jump today on many stocks.
…lol, keep going CC.
I have a feeling that after the weekend to reflect, the oil markets may conclude that perhaps they have been a bit hasty about omicron, and Brent may stabilise or bounce up a little.
Somm,
I'm with you, plotted the same connections, connected at same depth +/- a a few metres across the whole structure.
KK's either sold down, taken out a short or has forgotten his research ?
Just to note the 801 Deep Well also has 4 oil bearing intervals between 4,535m and 4,848m so in reflection there could be a continuous reservour between the 801 Deep Well, A8 Deep Well and the A5 Deep Well which flowed at around 4,500m too, what's beyond 5,000m it to be seen, hopefully next week or so.
Look pretty contunuous to me mate.
Evening KK,
The structure definitely is continuous as reported below and yes A5’s TD sidetrack is to be drilled to 4,500m.
Deep Well A6 was spudded in November 2015, targeting the same structure as Deep Well A5 in the Middle and Lower Carboniferous, and reached a revised Total Depth of 4,528 meters in October 2016. From the analysis of wire line logging, gross oil-bearing intervals totaling 127 meters have been identified. These are in two intervals, the first of 72 meters between depths of 4,313 meters and 4,385 meters. The second is of 55 meters between depths of 4,450 and 4,505 meters.
A8 Deep Well was last reported at 5,046m and the four 90m gross intervals could very easily be hovering around 5,000m.
..
801 Well sidetracked not far off 5,000m with oil bearing intervals and if drilled deeper 450m deeper they’d be in the Devonian.
As previously announced our plan to bring Deep Well 801 into production was by drilling a side track of between 450 – 500 meters from a starting depth of 4,501 meters.
Having identified potential oil bearing (net-pay) intervals covering in aggregate 121 meters so far during the drilling of the side-track, we have decided to stop the side-track at a depth of 4,851 meters and, after running and cementing a 5-inch liner to the full depth of the side-track, to test the well.
Four potentially oil bearing intervals have been identified during drilling and supported by mud log data. The first of 6 meters between 4,535 and 4,541 meters; the second is of 20 meters between 4,554 and 4,694 meters; the third is of 59 meters meters between 4,635 and 4,694 and the fourth is of 36 meters between 4,812 and 4,848 meters.
The pressure in Well 801 remains high indicating good connectivity.
This structure looks definitely continuous and the reason Carver didn’t say so was probably because they couldn’t flow all the wells and therefore couldn’t get an echo of the oil connectivity, but the will eventually.
Would love to see a real technical report to chew the fat over...........
Evening Somm,
Your numbers are out.
A5 - oil column was c 105m from 4332-4447. Sidetrack is not going to the Devonian, it’s being drilled from 3850m-4500m
A8 hasn’t got 90m at 5000m it has 4 intervals totalling 90m between 4500 and 5000m but as usual, scant detail from Carver and I don’t see it as continuous as he would have communicated that.
Hopefully next announcement is packed with accurate technical detail eg flowing at x bopd of x api oil, pressure at x .
A8 Deep Well news is potentially out next week.
The A5 well had a 60m+ oil column around the 4,500m mark (flowed 3,800bopb) and is being sidetracked to 5,300m - I'd guess there's another 100m at around 5,000m because:
801 well a had 100m oil column at 5,000m.
802 to drill to 5,300m - spud before year end - another 100m oil column at 5,000m?
I'm guessing we could have a gross 100m oil column around the 5,000m mark that could stretch most of the 58km structure?
Plus other oil intervals to boot.
Note the A8 Deep Well had 4 oil BEARING intervals (gross 90+m around 5,000m) - not shows!
Another clue to a 100m oil column across the entire structure. imo.
Let's hope there's live oil columns down to 5,300m TD too.
Oh my Devonians!
The A8 Deep Well should be being flow tested this week.
Let's hope the slow drilling (7m per day) helped with lessening the debris and fracking debris doesn't block the flow of oil.
I wonder if the slow drilling is a tact to limit debris with the planned A5 Deep Well sidetrack also drilling slowly at 5m per day?
Op's Update not far off.
Somm If this were any other company I would say finding 250 m of oil at this point is impossible. Hitting oil in the Devonian is massively material. It would have been news release worthy. Kind of like the Vuggy stuff news releases back in 2014. With this outfit I would not be surprised at radio silence. Then the conversion of debt for shares. Shortly thereafter oh by the way we found oil in the Devonian.
Casp has never been normal to be invested in. Still hoping for 25 pence by Christmas.
Trundling along very nicely 4.4p- 4.6p and BRENT still over $80, SOMM I dont have enough digits on my calculator for that 58 Sqkm x 0.25km then 15% recoverable then divide oil barrels into Cubic Km of oil .............. its alot any way 8-))
The A8 Deep Well will be at TD this week/ now with literally just a few more meters to drill.
With casing and initial flow testing (if not blocked/ live oil) it’s highly likely we will have an update next week – who knows may be they’ve already stopped and are testing the 4 intervals between 4,500m-5,046m to report on as a whole?
What if they’ve found more oil bearing intervals or a massive 250m gross oil column down to 5,300m in the Devonian – so many questions.
802 Deep Well to spud imminently to retest the Devonian with TD in 6 months time to boot – no doubt new Dutch acid treatment will be ready to hand by then if it’s blocked, but hopefully confirming a 58km connected Devonian reservior - 250m deep is in play............
All other news aside this is the current elephant in the room - damp squib or Giant Squid?
It's looking though the A8 Deep Well may just hit TD of 5,300m next week having had no update on the wells progress since 13 October (brilliant if gets to 5,300m+).
If it does get all the way to TD then that should be next week by my cals, followed by casing and initial flow testing the week after so a couple of more weeks for initial results and the all important RNS with multi Op's Updte.
Of course they could be flow testing the well now or once again it could be blocked?
Live moveable oil in the Devonian is the main thing, we can sidetrack and perf again later if need be.
If it is blocked we would have 5 Deep Wells needing acid treatment 6 with 802 if that too is blocked with debris etc..
The Yanks have cracked the deeps with their acid formulas so why don't CASP jog on over to Tengis ask ask them for help in solving their deep problems instead of asking the Dutch?
Anyway news next week?