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From Rhein statement yesterday:
“The existing well will be used unchanged up to a depth of around 1,600 meters and will receive a newly drilled branch from there,” explains the Rhein Petroleum managing director. "Immediately after the end of the drilling, the test production is prepared, including inserting the delivery pump."
My understanding is that the initial delivery pump will be a rod pump which I believe has a limit of 250 bopd. After the well has cleaned up I believe this will be replaced with an electric submersible pump which will be able to handle flows in excess of 250 bopd. As I have said before, I am hoping for 500 bopd but if its more I won't be arguing.
Their are two pumps if I remember correctly, one was a basic one whilst the other could increase bpd materially, not sure if they are putting the bigger one in or not.
Wither way we have a company with a 10 mil market cap about to become profitable, very good times ahead.
Are they also putting some pump thing (THATS TECHIE SPEAK) in as well as well as side tracking
It wil have to rerate from here even if its only 150 ....
If we get anything above 150 ill be happy but if we reach 500 ill be very happy. the SP will have a heafy rerate should it reach 500. If we get closer to 900 that will be unreal!
If this works out and goes to plan.
Hoping for 500 plus flow rate.
We need someone on the ground in Germany just like horse Hill all those years ago.
Appel: “Due to the excellent reservoir properties and the known data, we continue to be convinced that ‘Schwarzbach 2’ can produce significant quantities of high-quality domestic crude oil.” Heidelberg, April 24, 2024
I suspect Beacon will drop an RNS when the rig is mobalised, Rhein might not be bound by the rules we are or could of been posted early? Either way its on track for next week so this is really positive news. Hopefully we might see more interest in this share in the coming few weeks.
Only a two day drill so could know results by mid May.
Looking forward to the flow rates being above expectations.
Good to see the volume increase as we get ever closer to news.
Some wise investors getting in or topping up before potentially getting caught out etc.
May could be an interesting month 🤞
Tick up,must be due?
Last top up..£3k incoming
Bludy good point.
This was published by Rhein Petroleum - I know the links but why can’t well paid Beacon staff write for us too
And were beacon hq too busy to post anything.
Well well well, a nice piece explaining what is about to happen!
GLALTH
Itsawrap - thanks for posting - that confirms why I am invested here.
This once again is extremely promising.
We just need the follow through
Http://rheinpetroleum.com/
Heidelberg/Riedstadt – In the coming days, a drilling rig with a tower around 35 meters high will once again be on display at the Rhein Petroleum drilling site in Riedstadt-Goddelau. The Heidelberg company is installing an approximately 100 meter long branch in the lowest section of the existing “Schwarzbach 2” borehole. This ends a few meters further west in the same structure as the existing borehole.
“The tested production rates from the existing well do not do justice to the proven petroleum reserves in the Pechelbronn layers. The drilling fluid, which consists primarily of starch, has too tightly sealed the rock pores through which the oil flows into the production line in the immediate vicinity of the borehole. Therefore, the expected quantities of oil are not coming through,” explains Rhein Petroleum managing director Peter Appel. That's why a new entrance is now being laid at a depth of around 1,600 meters. He makes it clear: “The natural porosity, i.e. the permeability of the rock, is good. We are confident that the new short branch line at the end of the well will result in a flow rate that reflects the quality of the reservoir we encountered last August,” emphasizes Appel.
The drilling rig now in use is identical to the rig that was also used in the summer of 2023. The system is expected to be delivered and set up gradually in the first week of May. The actual drilling follows immediately and takes about two days. “The existing well will be used unchanged up to a depth of around 1,600 meters and will receive a newly drilled branch from there,” explains the Rhein Petroleum managing director. Immediately after the end of the drilling, the test production is prepared, including inserting the delivery pump. Appel: “Due to the excellent reservoir properties and the known data, we continue to be convinced that ‘Schwarzbach 2’ can produce significant quantities of high-quality domestic crude oil.” Heidelberg, April 24, 2024