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McQueen,
You said: ''IF this is taken private I would imagine a price of 5p +.
Your another idiot.
You've been complaining about being invested in CASP for 10 years, I guess you don't understand sarcasm when you see it.
Geez!
"See you in another 10+ years Zz Zz Zz Zz ......" you complain about me whining but then you frame exactly why -- you couldnt have done better if you'd tried ! This is a P&D traders share and I'm just glad I traded a block at just over 5p back in June - so the moral of the post is dont complain about people complaining and then explain exactly why !!!
And your posts (not just on here but all of them) have been nothing but whining, winging and whinnying, not one bit of research have you posted and all you go on about is the NHS and nukes. lol!
Sell the few remaining shares you bought at 8-10p or come back when the share price is back to 8-10p.
See you in another 10+ years Zz Zz Zz Zz ......
Funny really these last 3 posts have framed exactly what I was saying, lots of drilling no success dating back to 2014 almost !
801 Deep Well,
So another 100m of intervals to add - when they suss how to get them flowing ;-)
Continued
‘’29 September 2015
Deep Well 801
Deep Well 801 was spudded on 15 December 2014 with a planned Total Depth of 4950 m. The well is located approximately 8 km from Deep Well A5 and was planned to target the same structure as Deep Well A5 in the Middle and Lower Carboniferous. The well was drilled by Sinopec, the Chinese multinational, at a fixed cost of US$11 million.
As previously reported core samples and logging have revealed a potentially oil bearing interval starting from 4536 m and extending 100 m. The pressure and temperatures encountered indicate this well is unlikely to be connected to the reservoir targeted by Deep Well A5. Therefore should Deep Well 801 prove commercially viable it would be a separate discovery to the potential discovery previously announced in connection with Deep Well A5.
The well has been drilled to a total depth of 5050 m and five potential levels for production have been identified below the salt layer. Since the previous update the lowest two of these levels have been perforated (4822 m and 4896 m).
Testing has commenced at the well at the perforated levels with gas detected and oil shows. The well has been closed to allow pressure to increase. We expect to reopen the well in the next few days and are hopeful that at that time oil will flow naturally to the surface.’’
‘’13 January 2016
Deep Well 801
As previously reported Deep Well 801, which was drilled to a depth of 5050 m has suffered from blockages caused by excess drilling fluids. Roxi is pleased to announce that, following a prolonged wash using less dense mud injected under pressure, intended to lessen the density of the drilling fluids and ease their recovery, the well has flowed intermittently over a period of two days.
The well has now been closed to allow the removal of drill-pipes. The well is next expected to be placed on test within the next few weeks. Roxi will provide an update once unimpeded flow rates have been determined following such testing.’’
‘’15 July 2015
Deep Well 801 update
Located approximately 8 km from Deep Well A5, Deep Well 801 was spudded on 15 December 2014 with a planned TD of 4950 m. The well was created to target the same structure as Deep Well A5 in the Middle and Lower Carboniferous. Sinopec, the Chinese multinational, is drilling the well at a cost of US$11 million.
On 30 June 2015, it was announced that casing had been set to a level of 4790 m and drilling had resumed, targeting Lower Permian and Middle and Lower Carboniferous oil-bearing reservoirs. The well has now been successfully drilled to a total depth of 5050 m, into Lower Carboniferous.
Samples and logging have revealed a potentially oil bearing interval starting from 4536 m and extending 100 m. The pressure and temperatures encountered indicate this well is unlikely to be connected to the reservoir targeted by Deep Well A5.
Adapted from press release by David Bizley’’
‘’5 September 2015
Deep Well 801
Deep Well 801 was spudded on 15 December 2014 with a planned Total Depth of 4,950 meters. The well is located approximately 8 kilometers from Deep Well A5 and was planned to target the same structure as Deep Well A5 in the Middle and Lower Carboniferous. The well was drilled by Sinopec, the Chinese multinational, at a fixed cost of $11 million.
As previously reported core samples and logging have revealed a potentially oil bearing interval starting from 4,536 meters and extending 100 meters. The pressure and temperatures encountered indicate this well is unlikely to be connected to the reservoir targeted by Deep Well A5. Therefore should Deep Well 801 prove commercially viable it would be a separate discovery to the potential discovery previously announced in connection with Deep Well A5.
The well has been drilled to a total depth of 5,050 meters and five potential levels for production have been identified below the salt layer. Since the previous update the lowest two of these levels have been perforated from a depth of 4,920 meters.
The heavy-duty rig used to drill 801 has been dis-assembled pending its use on Deep Well 802. A lighter rig is on site and being assembled over Deep Well 801 and will be used to test the perforated intervals and subsequently the other intervals of interest.
Encouragingly, pressure in Deep Well 801 has been increasing steadily over the past few days although not to the high levels encountered at Deep Well A5. Once the pressure stabilizes and the new rig is operational testing will commence.
Deep Well 802
As referred to above the heavy-rig used on Deep Well 801 has been disassembled for use on a new Deep Well 802, located some 8 kilometers from Deep Well 801. Deep Well 802 is to be drilled to a depth of 5,000 meters targeting the Lower Carboniferous’’
‘’29 September 2015
Deep Well 801
Deep Well 801 was spudded on 15 December 2014 with a planned Total Depth of 4950 m. The well is located approximately 8 km from Deep Well A5 and was planned to target
"Y/E should see 3p as distant memory..........." --- yeah right !!! We've been hearing this for many yearsof drilling with this company I'm afraid I dont share your 'any day now' view !
Been looking back at the 801 well drilled by Sinopec. Takes me back to the exciting times when they had drilled A5 and all the excitement from that and then 801 finding oil and all the expectations of three figure sp !!
Also had the excitement of the BOCO Group (Chinese Industrial Group) looking to invest $20m as a subscription in April 2015, sent the sp back to 20p and then the deal fell over. God, i've lived to ups and downs on this stock, more downs sadly but still the opportunities remain and they need a deep to really change things dramatically.
As you can see by the 801 link, it took 4.5 months to drill to 4659m but that would've included the Winter delays and expectations to TD were 6 months. Casper believe they can do it in 4 months but realistically it will be Q4 earliest before TD BUT we will get the type of news that we've received on all deeps ie gas/oil shows etc.
C'mon Casper, about time you got lucky.
https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/wkm8yvr
‘’Deep Well 802 was spudded in June 2022, with a planned Total Depth of 5,300 meters. At the date of this report drilling had reached 650 meters without incident. This will be the final deep well required under the BNG work programme.
Deep well drilling issues
Sub-surface conditions at the two discovered deep structures at BNG present significant technical challenges in drilling and completing the wells. These are the extremely high temperature and extreme pressure that exist below the salt layer. At the Airshagyl structure the salt layer is typically found at depths between 3,700 and 4,000 meters where at the Yelemes Deep structure the salt layer is typically found at depths between 3,000 and 3,500 meters.’’
If the drill is averaging 31m per day (without casing(s) factored in) after two and a half months of drilling we could be hovering around 2,300m today, another 3 weeks to hit the 3,000m salt layer or around 6 weeks to hit the salt layer at 3,500m – how thick did they say the salt layer was – 500m? Then onto 5,300m TD with TD end of November? With the Yelemes salt layer being at a shallower level perhaps the pressure/ heat will be somewhat less than the Airshagyl salt levels thereafter hence giving the 802 Deep Well a better chance of success? I wonder if they can quicken the drill speed and reduce the mud density so the mud doesn’t set as they near the deeper target interval(s) through the softer limestone rock they'll be drilling though? Then onto the A5-7 Deep Wells with a better understanding of what mud density etc. might work – they got the A8 Deep Well flowing abate with none commercial flow rates so perhaps they can a apply the same techniques.
The 141 Shallow Well seems to have had a problem (with Clive saying it was nearing production a couple of months ago) given the time it’s taking for an update, so September for 141 drilling news together with 802 Deep Well update re well casing below the salt layer at 3,000m-ish?
In the meantime potential dividend price announced/ 3A Best license granted/ KEBCO sales update?
Y/E should see 3p as distant memory...........