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Looking a bit better, it was a bit sickly back end of last week.
We should have some news shortly that will take it further up with a bit of luck..
DYOR
Because of the hedge with BP, NTOG did quite well with crude prices now higher and possibly nearer to return of normalcy.
What are the chances of sp going back to pre covid and possibly higher ?
I think good, have added to what I had
MOVING
Why is it going to rain or snow?
Think you are right.
I wouldn't want to be out over the weekend?
ready to pop, only 150k or 600 quids worth online
moving up
BUYS coming in. Flow results soon.
Yes my posts have gone
O dear look dropping again like a lead balloon
Steel. Think you touched a nerve there.
You will get another ban you slanderous devil :)
O yes he is! :)
“…After initial results from that well we received multiple unsolicited offers to drill on our acreage…”
https://total-market-solutions.com/2020/11/26/nostra-terra-oil-gas-7/
Same same spiel 10+ years now.
How much slack do you cut someone before enough is enough?
Not true but let's see. We should know shortly.
"Anyway it looks like a decent enough result and we should be able to get decent production and a decent EUR."
You can't know this before perforating to test pressures etc.
You really need to understand what your being told.
You might think it is a bit close but what matters is where the drill is on the structure. Think of it as a mound with a convex top but a very large one and uneven, buried 6,000 ft down. Where you drill on it determines how much oil you can get out. If you drill on the flanks of the structure you end up missing a lot of oil that is higher than where drilled, this is often called Attic Oil. It is possible to have a number of structural highs in a structure. The RNS says that the Cypress drill is higher on the structure than the Strand well and that the Top Woodbine is 17 feet higher than prognosticated from the 3D seismic. What that means is that our well should be able to access oil that cannot be accessed by the Strand (offset) well.
Likely it means that the EUR on our well is a lot more than the Strand well because ours is better positioned on the structure.
What Cypress now need to do is go back and reinterpret the 3D seismic and recalibrate it using the wireline log results from our well. This should let the position the next wells optimally. Likely they won't do anything till next year because they will want to get the production data out of this well and match that up with the recalibrated and reinterpreted 3D.
Anyway it looks like a decent enough result and we should be able to get decent production and a decent EUR.
DYOR
"Well 451 feet away" sound to close to me in my opinion.
Just hoping issues a mentioned earlier don't come up to bit us. I for one would blame the geologist for rooky mistake. Only saving grace is if we have done our DD with leases,lease onwers, interested parties, loyalty partners.
There is a well 451 feet away that is lower on the structure that is happily producing.
DYOR
Thats normal for these cowboys.
December the 2nd I reckon
Rns Monday some bs and then weds 2nd funding required.
Good luck all
Don't get excited.
We now have issues of migration, compansation, low pressure etc.
Hence why there will be a delay in reporting number of barrels of oil.
Helpful "I know who you are mate."
May I ask who that was that intended for?
Are they the same as the Covid police enforcing made up acts and statues that are not law? Sounds about right.
lol