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Hey James.............off nights here............ so wide awake....... :()
Yep............ the "Bang!" was the 1800 LC hit gusher.............:)
All the best (probs best to not go for zero, again, on Saffron 2, and be infinitely out again :()
Morning chesh....can't quite remember .maybe you could help me here ...was it 1800psi at Saffron 1 lower cruse with a 40 api....with that in mind and (if Irene ****ter doesn't mind I'll tap into her knowledge here) .....I'll say 1000 BOPD.....sorry Irene...I know you usually go as low as you can...but I think you know SWEET F... ALL....IMO..
.have a lovely day all ...it's to be really sunny..
Saffron 2 to target LC .......... :)
Lessons learnt from Saffron 1 will defo come into play, and pay very well in bqopd.........!
All the best (who's startin the sweep.................................! lol :()
Leo Koot, what can you say about this man, I call him the postman as he always delivers. Our purple man is on the ball again, let's hope that we get a similar result as saffron 1. Good luck to all and Good Morning. Blue day hopefully?
Columbus Energy Resources PLC Saffron 2 - drilling application to Ministry
28/05/2020 7:00am
UK Regulatory (RNS & others)
Columbus Energy Resources (LSE:CERP)
Intraday Stock Chart
Thursday 28 May 2020
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TIDMCERP
RNS Number : 1306O
Columbus Energy Resources PLC
28 May 2020
28 May 2020
COLUMBUS ENERGY RESOURCES PLC
("Columbus", "CERP" or the "Company")
Saffron 2 - submission of drilling application to Ministry
Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to announce that it has submitted to the Ministry of Energy and Energy Industries (Trinidad & Tobago) a drilling application ("Drilling Application") for the Saffron 2 well in the South West Peninsula.
Summary
-- Saffron 2 to be drilled as a twin to Saffron 1, from the same drill pad
-- Saffron 2 to target the Lower Cruse intervals encountered in drilling Saffron 1, with a targeted Total Depth of 4557 feet
-- The key objective of Saffron 2 is an extended production test and subsequent conversion to a production well aimed to produce the circa 40deg API oil encountered in Saffron 1
-- Drilling Application consistent with commercial arrangement for a full carry of Saffron 2, as announced 27 April 2020
-- Approval of the Drilling Application by the Ministry would allow drilling in Q3 2020
Leo Koot, Executive Chairman, commented:
"We are delighted to have submitted a DRL2 application to the Ministry of Energy and Energy Industries to drill the Saffron 2 well, a follow up to the Saffron 1 well drilled earlier this year. Saffron 2 will be a twin to Saffron 1 and target the same Lower Cruse intervals where we discovered light, high quality oil (circa 40deg API) from two test intervals. The logging of Saffron 1 showed over 300 feet of high-quality sands so we are very excited to test and appraise these sands with Saffron 2.
As previously announced, we are pleased to have signed a Term Sheet with a third party drilling contractor to drill Saffron 2 subject to a stabilised oil price (above US$35 for a sustained period) and operating environment. I am pleased to note that the oil price has, in general, recovered from its recent lows in April 2020 and we are hopeful of a stabilised oil price in Q3 2020."