The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ok royoboy please yourself, you're a pain anyway, tara.
I'm sure there hasn't been a liason group meeting since this one.
www.frackfreeeastyorkshire.com/west-newton
Scroll down to the bottom for the notes.
Note Rathlin say 3 months to prepare the wnb site.Something our resident rampers never seem to get.
Siliv, I was not "de-ramping", as you call it, nor "ramping" about the column possibly being a valuable condensate accumulation. I was merely saying what I think s possible, both as a shareholder and as someone who has experience of oil and gas in the past. I'm sorry you don't agree, but surely that's your and my privilege on a bulletin board.
It would certainly be useful to know exactly where in the oil / gas column the well was perforated. Does anyone outside the WN partners know, I wonder?
AJamesW
Agree with you although I believe Rathlin stated the oil only rose circa 70m up the well hence the need for an ESP.
What I don't understand is that they knew they had oil so why not perforate lower down to get the additional pressure ??
Hi there Uggy. UJO and Reabold have indeed referred to oil in their various presentations and RNS's, but they didn't say "black oil" or mention its gravity - as far as I can recall - so, in my opinion, it could still be condensate which wouldn't be a big surprise to me in this Zechstein pay zone. Still, I'd be pleased to get a good flow rate, even if it is condensate!
GreyPanther
In interviews back in the day both DB & SW at RBD have referred to oil, they must know from the core samples which they must have access to. I'm betting on mid 30's api oil.
Hi there Reaction. Thanks for your reply. I've looked at all WN releases about what's been found, and I have seen what they say about the oil and gas columns. I suppose it depends on what they mean by "oil". It's certainly very interesting but, for me anyway, it's not over until the fat lady sings. Good luck anyway. GP
Hello GreyPanther , The reasons that I believe the oil at West Newton is "naild on" is based on the RNS'S released to date and the 19 million pounds that our partners have raised to progress the licence. Off course the Neutron pulsed raptor tool makes a massive difference. Like looking through plate glass they say. Below is an extract from one such RNS.
The West Newton A-2 well was spudded on 26 April 2019 and on 9 June 2019 reached a total depth of 2,061 metres. A full suite of open hole logs was run and 28 metres of core were successfully cut and recovered from the Kirkham Abbey Formation.
Initial open hole information indicated that in many respects the zone penetrated was consistent with that encountered in the West Newton A-1 well, however, the West Newton A-2 well indicated the presence of both gas and oil in the reservoir as opposed to a pure gas project as originally thought.
Evaluation of the West Newton A-2 open hole data has identified an estimated gross hydrocarbon column of approximately 65 metres in the Kirkham Abbey formation. Based on the previously described data in conjunction with cuttings analysis and mudlogging data, a cased hole pulsed-neutron tool was run across the Kirkham Abbey zone as a means to differentiate and confirm fluid saturations.
Initial petrophysical evaluation identifies a gross oil column of approximately 45 metres underlying a gross gas column of approximately 20 metres within the Kirkham Abbey interval. The West Newton A-2 well exhibits encouraging porosities on logs and in core, particularly in the identified oil zone, where in excess of 30 metres of porosity has been measured. The core also exhibits natural fracturing which is confirmed by an imaging log run across the entire Kirkham Abbey interval.
The cased hole logging and completion programmes were initiated on 6 August 2019, followed by well test operations which commenced on 20 August 2019. Completion and testing efforts focused on the newly identified oil column. With the indication of a potentially significant oil column, the EWT has been temporarily suspended in order to review and revise the well test design to deliver the necessary test information to validate this important onshore resource.
Additionally, the West Newton A-2 well data provides a good tie to the high quality three component 3D seismic volume that covers the entire West Newton project. The new data allows for a revised interpretation of the seismic volume incorporating the well and the newly identified gas over oil gross hydrocarbon column.