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Coffee I dont wear a hat but I'll hold on to my wig ;-)
Jester - from Konil on adorn the other day ...
'gamechanger' 'company maker' and so on are tired phrases and usually unwarranted but if a5 and a8 both flow, hold on to your hats.
I wonder when dividends will be paid... gla
Hi D.B - 6000 bopd looks just as likely for MJF if pipeline and refinery can be tied in a timely fashion for end of 2020 imo.
If they double up on a shallow rig and split the workforce they can accelerate drilling in line with free cash flow increases.
The refinery was mentioned by the BOD at the AGM and I have seen something on line a while ago about a pipe line tender tie in ...
They didn't put the dividend paying vehicles in place for 1300 or 4000 bopd ..... they split Baverstock and hold their shares in independent vehicles apart from the Koreans who are left inside the Baverstock wrapper, these entities have now set up their own dividend paying vehicles ... all moving to plan.
Interesting that PI's are ahead of the Casp information curve as presented by the CFO - well done again to Adrainz and Mo for deciphering Elicence.
Thanks MO it’s nice to hear that there is substance there and a nice audit trail to boot! Feels like MJF is going to be the seed funding for something much bigger but probably on a five year plus timescale.
Mo .. thanks for that ... great post .... and spot on re elicence .. howevermuch the bod dont like pi's using it to trade or invest with....
Hey David Black
As per Clive's recent statement, "he's not technical", This reinforces my preference to refer to Kaz docs where possible for technical info, has proven far more accurate so far.
The FDP for MJF (or official name "Yelemes Northwest") issued around May-2019 states a total of 24 wells, 7 which will become injectors over-time.
Where Clive alludes to 10 more wells, i.e. 16 in total !!!
I do realise actual developments can optimise and well counts/types can change, but will assume FDP is more likely correct.
My guess is these four new wells, plus the existing 6 wells following work-overs will produce near max storage capacity per day (currently 4k) by summer 2020.
Phase 2 involves drilling a further 14 wells... and injector well conversions, etc
Clive is only reporting on info provided to him with maybe something lost-in-translation or due to his lack of technical knowledge.
Anyway, for time being will refer to Kaz info to supplement Clive's info + large pinch of salt :-)
Good luck, MO
It’s difficult to understate just how transformative the MJF will be at the new pricing post 2020.
In July at 1,300 bpd worth $15 net equals $7m annually
Targeted production December 2020 at 4,000 bpd at $30 net equals $43 annually
Come 2020 Caspian is going to be a very different beast!
If you never managed to get a copy of the doc...
I have uploaded to wetransfer again (link expires in 7 days)
https://we.tl/t-BEUFs8Q72l
The development stages start on actual page 55...
Cheers, MO
Hey all
It appears that the Kaz elicence website is blocking access via Google Translate...
You can still access the website directly, but no new info as of yet, last permit was the unknown well...
http://elicense.kz/Licenses/Details/7451833
I'm pretty sure part of the A5/8 drilling permits includes a certain amount of flaring prior to commencing the official 90 day flow test, i.e. for well clean-up etc, similar happened with A5 early flaring Oct 2017.
Have been looking at the MJF field development plan section that I translated (thanks to onlinedoc) and posted a while-back (end-of May) , part of the environmental hearing.
i.e. these latest 4 wells tie-in exactly with the first phase of the development plan, i.e. total 10 wells.
I stage of construction:
- Arrangement provides design solutions production wells ?? E-141, E-142, E-143, E-144, E-145, E-146, E-151, E-154, E-155, E-200;
- Construction of flow lines from the producing wells ?? E-141, E-142, E-143, E-144, E-145, E-
146, E-151, E-154, E-155, E-200 to GZU-1;
Phase 2 includes extra oil storage (9-10k barrels) and pipeline to Kulzhan.
Good luck all CASPers, MO
MLQ - bit hard to read them at the moment .... has been playing up the last week or so, for me at least to access them .....
Mo you had any luck ?
Read the tea leaves (e licence) and let us all know flairing has started...
Cheers
mlq