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Keep taking the (blue) tablets ......
Bowlers. Hoping for a rise this week.
I'm hanging onto mine! ;-)
Continued...
12 mins 15 secs
The commissioning of the vantage Topaz we have sufficient flexibility in the rig contract of the drilling of the IE4. The contract will, allows us for the duration to be extended to enable for the completion of the IE4 well.
2013 AGM Presentation - Look at the image on page 15
As we know.. the Middle isongo exists IM-2,IM-3,IM-4 and IM-5 as well as IM-6
(Do the unexpected sands too? Cough cough..)
2014 AGM Presentation - Look at page 11 Lower Greater interval sand image
Depositional systems revealed, wide extent
Relationship with IE / ID field discoveries being examined (Will this extend to IM wells? Cough cough)
AGM Presentation 2013 Page 16
IE-3 well tested gas condensate and oil from 4 intervals equivalent to the Intra Isongo interval.
(Now re read Transcript at 6 mins and 7 mins 23 secs)
Hence my rumblings about the Epsilon Complex in MLHP-5… Is the Isongo the equivalent to this in terms of extent in block MLHP-7 but in thick Isongo reservoir quality sands?
Sorry for the delay but I have more time today to explain in detail so here goes..
We know they drilled below the 301 and encountered an unexpected sand body causing a pressure spike..
2 mins 55 secs
‘The horizon at 3375 looked interesting, you have to drill deeper than that to allow the logging tools to cover the whole depth, we decided we would drill deeper still to 3550m’
4 mins 53
The two sands we drilled through below the 310 which were tentatively being analysed as being ‘middleised Isongoan’ aged both show significant gas flows as we drilled through them and reservoir fluid samples collected mixture of water, condensate and gas in the three samples that we took.
IE4 Well - 6 minutes
Its fair to say from the IE4 location, maybe you are familiar with the IE3 location that the drilled in mid-2010 and the backup location was unanimously some time ago by all the upstream partners, to date of the 17 wells we have drilled 14 have been hydrocarbon bearing. The analysis data have identified about 10 additional prospects of which the IE4 is one. From seismic geological perspective there’s not much practical difference between the sand bodies whether its drilled or undrilled which suggests the IE4 is hopefully also condensate bearing and the fact was chosen in part because of the broad correlation between the sands of the IM3 location and the IM5.
Sub 310 - 7 mins 24 secs
The sub 310 sand horizon tentatively being identified as being middle isongo provides some new data and opens up the possibility of the middle isongo and the deeper interests on the reservoir. The main fact there is the existing prospects as well as opening up new leads.
Transcripted 10 mins 43
You have to collect all that data once it’s finished analysed and then its entered into your geological and reservoir model and then on the basis of that remodel the, the erm, the, the entire field or least the (interruption in the background ‘yeah’ cough, cough) or the field where we have er, erm, or the field where we have petroleum, so that’s not a, not a, sort of exercise.. that will take, and it will take a few weeks to analysis all the data before you start imputing it into the models. Once you’ve run the model you’ve then have to interpret you have to analysis the results.
11 mins 40 secs
For those that have just joined the call, and there’s been a surge in parcipitants I think the message we are trying to communicate is that hydrocarbon bearing zones encountered in the deeper middle isongo sand do contribute to the reservoir and resources at this location but its way to early at this stage and depends on the ‘?’ of the well logged, the well pressure and the reservoir fluid samples in the geo engineering model. What’s probably more interesting is that it does seem to provide some support that the middle isongo prospect identified does have legs and that there may be large volumes of prospective resources in the licence than currently thought.
Interesting post today from alaani1 on ad-vfn today which gives some alternatives to what Plan B may be. I've posted the comment below. Thanks.
' I usually read through these threads and shy away from posting anything, but felt obligated to post something this time. In my view, Lowden's departure is a positive catalyst for BLVN. NewAge was so wedded to the FLNG plant as the only path to commercialising Etinde on his account; the guy is a builder and he wanted to build at any cost. With him out of the picture, the upstream partners will become more closely aligned and open to other opportunities. I think this now brings back to life the tie up with Marathon Oil/Bioko Islands (in my view, the biggest bang for buck) as well as the supply contract to the Golar vessel (likely the path of least resistance). The appraisal well program has been a disappointment, but as BLVN shareholders, we're sitting pretty. The market cap today is essentially equal to cash in the account + carry + FID. That leaves us with tremendous optionality on the upside! Sure, achieving FID is no longer a 2018 event, but that does not mean its not happening. There is a reserve base in the ground, both liquid and gas, and although the appraisal wells have not added to it, there are still several viable paths to commercialising what's in the ground outside of the FLNG. Let's not lose sight of that. '
The same reason COC are here.. enough said
three if you include your good self; why would a multi millionare invest in a tin pot aim oil company, some one with so much money would not waste it in such a manner hence the reason rich folk are rich. last im saying on it; i will continue to endure your constant bull the last of which was thi share is going back to 34p
At least we have a couple of old comedians here now to keep us entertained..
you always get one, at my time of life i can smell it from miles away; still each to their own
Ha ha, remember the “ Chinese have bought us” episode for which I presume he received a ban because he went AWOL for a few weeks! That really is the behaviour of someone with his wealth, mind you his holding must have fallen by nearly £400k last few weeks. Takes it all in his stride though.
so there you have it fella our very own warren buffet has bought and sold
You must be a mind reader... I sold a few hundred thousand over the last couple of days.. I paid 28 fo them.. just playing
Someone offloading a few today maybe 1MSN reducing his holding to 3.5 million?
I like the the start. new horizon of 'interest' starting at a depth of 3375m, 3 zones of interest within that 180m, log samples taken, high pressure, 3 finds, water, gas, condensate.. looking forward to the data on that..
bit of a boost to the SP today
that's all
I got the impression that Bomono was a dead duck.
lets hope so
Looks like we will move back to 34
looks like sanity is returning.
Spud next week and another free carry...
Maybe the increase TCF is as expected...
Something afoot? Pleasant rise
Thanks Dougal,
My technical understanding is pretty limited, but from this, should I take it that the gas is in the liquids, the liquids of combined oil and gas will be piped onshore, there onshore the gas will be separated from the liquids, and the gas sold off to a nearby fertiliser plant?