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Excellent input mate real facts less bull**** thank you very much, just 1 more question when will it be back to 24.734 pence :')
@Motherfaker It’s possible that I have already done that :-)
Nic7760
Re your post at 20.52.
The Company advised of the possibility of drilling L8 in the the RNS 27.04.20:
"the Company was evaluating the potential to drill and tie back an additional production well (the "L8 well") to not only increase production but also provide data to help de-risk the Company's volumetric model."
So far as I am aware the Company has not published any further information as to where they intend to drill L8.
If I am wrong could you please direct me to the source of your information that it will be 5 Kilometers from 6&7.
Nic post at 19.16, is that the Royal We?
welcome aboard, you have our attention.
If that 5km is not in the public domain, then we have an insider posting on this board. Very serious implications and email sent to IR.
Nic,
Very new and interesting alternative view of what has transpired to date, respect your precis etc.
However, me being a non oilman, and having but a a 'Little Knowledge' gleaned from here and elsewhere :O)
Surely, the drilling logs for 6&7 z would have told them where the OWC was would they not? , or am I being ultra stupid?
Save us Dr we know you are only trying to protect us.
Dr_Kaboom,
I've read lots of posts here and Nic7760 has made sense.
Plenty of shorters wish to come here and drag down hur.
Nice to read some one whom understands the industry.
If you think he is playing us state categorically why.
Or fack off!!!!
Bravo sir the Dr can get to feck.....
You have put the board into 'Check'.
Jiffy.
Nightshift back again !
"Surely, the drilling logs for 6&7 z would have told them where the OWC was would they not? , or am I being ultra stupid?"
No, you're not being stupid. See my earlier post. Log of 6 and 7z are almost irrelevent, although those of 7z are no doubt being looked at very closely again. But those of 7, the Lincoln 'discovery' and Halifax are HUGELY important, as those three were drilled almost expressly to determine OWC. Confirmed (or at least agreed with) by CPR compilers, who know how to read logs, as well !
And now the 'newcomers' are casting doubt on all of that stuff.
What, exactly are they saying? That Dr Trice, Schlumberger, and RPS were entirely wrong in their interpretations? Or (even worse) that RPS didn't look OBJECTIVELY at those logs, but instead were toing some line fed to them by the CEO (at the time), who probably knows more about Fractured Basement WoS than anyone else on the planet ?
No, they're not saying that of course, because such insinuations could get them into loads of trouble, if not finding themselves behind bars.
But as loads of people have pointed out, the current 'caretakers' seem to be good at spreading 'iffy news', while almost mentioning as a sideline that our EPS was at last count producing 17,000 bopd, which isn't a negilible amount for a two-well EPS.
I bet The Stag on the River (Lower Easham) has suffered a massive drop in trade, 'cos the new bunch probably all drink Diet Coke and don't order their big steaks.
Whereas surely the duty of a proper BoD is to accentuate the positives for the good of their own firm and the shareholders, instead of saying that maybe a comet will collide with the Earth tomorrow ?
Capt Swag,
"awk - the absurd figure for lancaster 8 development was $187.5m"
Source, please.
I fear your getting the figure confused with those of the three wells on GWA.
DeltaFox,
Your questions were for Nic, but I can reply.
"If sidetracking would this include running a whipstock in the casing then drilling through the side? Also would you then need to run new casing into the new drilled section?"
Yes, probably, after first plugged back. And Yes, again. If anyone were daft enough to try sidetracking from the 9-5/8" buildup section.
"What is the benefit of this?"
None.
" And is that what people refer to as a tie back?"
No. But that would take too long to explain.
"Also would you then pull the whipstock (if you run one) and what happens with the original well or do you produce from both now?"
99% certainly no, unless the idea were to spend more money than the company has, and anyway, what would be the point? If Hurricane is mad enough to re-enter 7z and sidetrack, the idea will be to get away from the water zone. So why try to continue producing it?
"Also, I thought wells had a completion string within the casing? If so would this need pulled first?"
Yes. That would be one of the first downhole tasks.
no.
i double checked which is why i gave exact figure.
Cap't Swag,
"i double checked which is why i gave exact figure."
If you have double-checked, surely you can quote the source ? $187.5m is an absurd quote for a shallow well, WoS, Fractured Basement and all notwithstanding.
If that's what's being quoted I'll get on the phone to some people I know , and we'll do it at half the price, 'turnkey'. And we'll pocket the 20 million profit.
Hi AK,
Trust you are surviving OK in todays CV19 world, nice to hear from you.
Agree with your sentiment, the curent BOD's have not exactly provided any real guidance as to how they are planning to develop future revenue other than a basic technical review for now, we need a plan that looks into the future.
Lets think along broader outlines and the developing of Lancaster given what we already know and shallow OWC's , the fact must surely be there is still a lot of oil WOS yet to be harvested.
At the very least a simple plan / strategy for 2020/21 would provide a most useful guide for all HUR shareholders even if it was changed can live with that, but a plan of action is required nonetheless.
All seems somewhat very grey at the moment.
ie, we all require more meat on the bone for now as to what HUR BOD's intentions are given the current Spirit situation and that is missing for now, do we go it alone? and if so how?, such decisions have to be aired and discussed.
Hi Nic,
"So what could explain such a difference ? Simple : 7z sits deeper than 6 and therefore has its "feet" in the water. That's why it's been sucking so much water all along. 6 is horizontal and at 1220m TVDSS, ie 160m above the OWC. 7z heel is at ~1300m TVDSS and its toe is at 1370m TVDSS, just 10m above the OWC.
So if the OWC is shallow, at ~1380m TVDSS, it should be absolutely no surprise that this well is sucking a lot of water from its toe."
Whilst I agree that the OWC is probably catching up with 7z well, I think perched water is also playing a part here.
7z has been drawing water and increasing it's watercut overtime, I believe it's evidence that the OWC is rising. Therefore, I think we should be careful in defining the OWC for FB.
Slift.
https://www.petroleum-economist.com/articles/politics-economics/europe-eurasia/2019/treasures-in-the-basement
All the talk about the BOD , maybe they are saying it as they are seeing it and nothing else.
Above a link from the past.
So what happens if the water cut starts to decrease ?
@Jiffybag yes usually you can tell where the OWC is from logs and sidewall cores. But here, since there is no matrix and big mud losses, it was difficult to tell. And again oil is probably present below structural closure, I accept that. It’s just that it can’t flow.
@Dr_Kaboom on L8, it’s my understanding that it was a far offset as it required its own flow line (hence the high cost). They haven’t said it was 5km apart, true. But I believe we’ll never hear the word L8 again anyway. So let’s leave it at that.
Dr Kaboom. You mean that you are happy to denigrate HUR to the detriment of shareholders and its staff, but object to new analysis from sbdy analytical with knowledge of the industry, as it may impact your short if the penny sinks in. True scummmmm.
@rainbowchaser if water cut starts to decrease in the 7z, then maybe it’s not aquifer coning. But for now, it has continuously increased. It’s been 16 months... Maybe time to put that perched water lunacy to bed.
Nic7760, from your original post -'
I've been following you guys for a very long time and let's just say I'm intimately familiar with the HUR story (although not an insider, only working from public info).'
How does that reconcile with -
'But here, since there is no matrix and big mud losses, it was difficult to tell. '
What bit of public info says 'it was difficult to tell '?
If its your opinion fine, the bb should welcome a new interpretation, if you have another source, please share it
Nic, 'put that perched water lunacy to bed.'
Is the lunacy you refer to, the idea of perched water in fractured basement generally, or just Hurricane's interpretation WoS?