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Hi Peter, the email was sent to me on the 17th January timed at 19.32, yes we have had one update on Safron about the drill.
mossma
Do you mean the 9th January RNS? - if so they gave us a Saffron update then
Hi Peter, I emailed them and asked why there had been no news, not even so much as a Happy New Year from the company, the email I sent was before the RNS. That was the reply.
mossma
Can you explain to me why they sent you that email, or are you joking?
No probs willec.........!
pop a 1 on the front of your targets for Feb, an add a few Months........ :)
All the best (we off into double figures here ;()
Thanks Chesh - personal I think news and upward movement this week or next as from what I gather important news by the end of January. Hopefully start February at 4p or 5p mark.
ah............!
Harry's nemesis............... :()
All the best (ignore like you would a Fish :()
Chesh - He goes by the name '12b'
Willec - read some more of 12bn’s posts and see if you can spot a trend.
You bounce around like tigger... just chill out and try not to be knocked off your own opinion too easily (either way).
Probs willec.........!
you got details from the poster...........?
All the best (given that we have a 3rd draw down in the bank, and Saffron 'n Co2 results imminent, could be just a................... de-ramp :)
Someone on another chat room has just warned that this is a 'sell' due to possible further issue of shares and dillution. Is this a Joke????
On the subject of updates from the company, I received an email on Friday saying the following; Happy New Year. We expect to update the market on both Saffron and the Inniss Trinity CO2 injection project shortly. Please watch this space.
Which I thought was very nice of them.
That may get my small punt for dead cat @12p back Bamps............... :)
here's to hope on that one.............!
All the best (more so focus here thou :()
Hi JP
It's a good read on the Prd board about the plans for the CO2 injection or see my posts from a few days back
Bytheway there are rumours of PG of Prd taking over as Sound chief, wouldn't surprise me as he had the licence before Sou had it, or a merger between them
ATB:))
It's not a race, and CO2 news will no doubt come first.............
from the RNS 9th, x2 quotes of "in the coming weeks", including "The full potential of the well will be evaluated in the coming weeks".............. :)
Caveat "The Company is planning to complete and test the Saffron well in Q1 2020."
All the best (it is a race :)
and I don't care who wins...............!
I recently asked CERP IR about the CO2 project and they said: "For the Inniss Trinity CO2 injection project, you are correct that we need to complete first injection of CO2 by the end of January 2020. As such, we will update the market no later than the end of January 2020"
Hi Peter
The casing is inserted to keep the hole clean after the fluids are removed and to enable the concrete grout to strengthen the sides.
The blast string will be inserted and holes formed through the casing and grout to allow the oil in and probably sand with it.
This is where the work over rigs are used when there's too much sand build up
ATB:))
Hi Bamps
If the condition of the hole was giving concern, does that mean stuff was falling in from the sides and if so does the casing sort this out?
1 length should have been 19m length it's actually in 4 lengths
The Platform one is 12m
Hi wraith
Thanks for posting that link I've had a chance to read it again and look at the method.
Looks like the pilot hole 8.5" was halted early on because of the condition of the hole and hydrocarbons were encountered from 500' to 1970'
A decision was made to widen the hole and insert a 13.5" case down to just above the 500' mark. The well was then drilled down to the 2500' mark.
A Quad combo logging tool was used down to the base of the oil shows at 1900'.
This tool is designed by Schlumberger and is a Thru-bit going inside the drill string and is 1 length
The Platform Express logging tool also goes in the drill string but is a lot lighter and 3x faster and gives a more detailed analysis combined with the quad combo.
This was stopped at the 2500' due to the worsening conditions of the hole and the hole was cased. The drill continued as an 8.5" hole down to total depth of 4634'
ATB:))
Understood wraith..........!
one thing is for sure, it'll not be the other way.............! IMO
All the best (Saffron...........!)
I thought the last "Saffron well - update" ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/14377004.html ) was good, Chesh,....hence the adjustment, to my current ratio, between the two,....may increase further, here at CERP,....happy to sit on hands at PRD, until news,....have a good weekend.
BW
Which I did last week, in two tranches (1 tranche, straight into ISA a/c).
BW
Hi Bamps21,....I was agreeing with your comment, "When the Market can't see the potential that's the time to buy",.....in my particular case, it is right for myself, to increase exposure, to CERP.
BW
Hi wraith
I'm not going to follow you into Prd, I've lost money with oil companies in Morocco and Ireland so don't want to there again.
Moroccan Tagi sands can be very with a Darcy value less than 1, gas may not flow.
I hope I'm wrong and you make money
ATB:))