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Yes true Gordon it's a wait for the drills but who knows what the future holds .
Some PIs think the SP will go down if no news and other think we will have enough news flow .
I suspect it will be a combination of both
By the way where is there mature gas fields in the UK?
Only ones I can see on Google are the North sea and Liverpool bay ?
???
Thanks Callum. Interesting.
Got to say, it's p*****g me off that it now looks we will be waiting the best part of a year before we know whether the recommendations work. Let's hope Roland's other plans give us something to get excited about in the interim.,
Are moving so fast with tech it's amazing
I believe they can use salt water now
https://u.osu.edu/engr2367publicdocument3/alternatives-to-fracking/new-methods-to-fracking/
Which given our location would be good
Cheers Gordon
TBH I always thought the biggest risk after just getting the gas out was the use of fresh water in India.
But things
Yes Callum, I know that and have said so many times that this problem is what we hope the new Baker Hughes techniques will address. We agreed about this only yesterday. I was merely quoting that article to illustrate why ongc gave up on fracking, not saying it was an insurmountable problem. Atb.
Here's the link if anyone wants to re read
https://www.investegate.co.uk/oilex-ltd/rns/core-analysis-and-review-confirms-cambay-potential/201708240700018446O/
Sorry Gordon
But that last article is a moot point for Oilex due to the Schlumberger Hughes report
I quote
The key observations from the expert core testing and optimisation analysis are as follows:
· The reservoir rocks have the essential characteristics for the development of suitable fractures required to increase exposure to the reservoir and to increase gas flow rates under production. This substantively removes a concern over relative rock strength in the Cambay being lower than many North American projects.
Hi Jack. You seem to be putting words in my mouth. When did I say that? Not sure what point you are making when both Joe and Roland have acknowledged the difficulties of drilling in the geology of Cambay which is very different to that of North America. The rocks are more elastic which means the fracks tend to collapse reducing flow rates. It is this problem which hopefully the new techniques will address. This article makes the point that this is why ongc gave up on fracking. Our big hope is that they are wrong.
https://m.economictimes.com/industry/energy/oil-gas/ongc-ends-shale-exploration/articleshow/72233370.cms
"The US has permian shale while India has much younger, tertiary shale. The US shale rocks are brittle and so easier to hydrofrack while those in India are elastic with more clay content, resulting in little yield from fracking,” said an executive. “The general assessment after drilling wells and data analysis was that it may not be a productive idea to sink more capital into shale projects.”
Atb.
Hi Gordon
Could I suggest you read RIGZONE article 'What is tight gas and how is it produced ' I hope you will find it interesting. You are wrong when you state that there have been no successful tight gas drills - in fact there have been a number of very successful tight gas drills the US been a case in point. This article should also be of interest for any shareholder who intends to be around for next years workover and two drills and gives an insight as to why they have changed from vertical to horizontal drills.