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Full history of drilling and flow rates from the SCOUT REPORTS from AME to the Exploration & Production Consultation Meetings over the years.
DOGU SADAK-1 completed 31/12/13 and put on production.
DOGU SADAK-2 Spudded 26.11.2014. Dr il l ing st r ing was stuck at 4291 feet. Abondaned 5th July 2015.
Dogu Sadak-1
Jan 2014 1786 bbls
Feb 2014 1356 bbls
Mar 2014 1045 bbls
Apr 2014 1190 bbls
May 2014 1076 bbls
Jun 2014 935 bbls
Jul 2014 968 bbls
Aug 2014 943 bbls
Sep 2014 889 bbls
Oct 2014 845 bbls
Nov 2014 721 bbls
Dec 2014 1078 bbls
Jun 2015 894 bbls
Jul 2015 868 bbls
Aug 2015 894 bbls
DOGU SADAK-2/S Put on the wel l product ion with pumpjack on 21st Sep 2015. Daily oil product ion rate is 400 bbls/day without water.
Dogu Sadak-1 and Dogu Sadak-2/S
Sep 2015 4472 bbls
Oct 2015 15016 bbls
Nov 2015 11852 bbls
Dec 2015 9350 bbls
Jan 2016 7216 bbls
Feb 2016 6286 bbls
Mar 2016 5007 bbls
Apr 2016 6825 bbls
May 2016 6793 bbls
Jun 2016 6028 bbls
Jul 2016 6432 bbls
Aug 2016 6063 bbls
Sep 2016 7615 bbls
EAST SADAK-3 Complet ion Date : 28.09.2016 Put on the well product ion with ESP pump on 28th Sep 2016
Dogu Sadak-1, Dogu Sadak-2/S, and East Sadak-3
Oct 2016 18315 bbls
Nov 2016 15022 bbls
EAST SADAK-4 18 February2017 ES-4 well is spudded today at Oymantepe Field, Eruh, Siirt, SE Turkey
EAST SADAK-5 18 August 2017 Our president Cem Sayer's visit to Oymantepe Oil production field and East Sadak 5 drilling activities
EAST SADAK-6 11 December 2017 Casing running operations.
EAST SADAK-7 Not mentioned anywhere
EAST SADAK-8 commencement of production at East Sadak 8 well 13 November 2018
EAST SADAK-9 Not mentioned anywhere
EAST SADAK-10 Not mentioned anywhere
EAST SADAK-11 Spudded 18.3.2019. Completed 31.05.2019. Well was abandoned due to non-economic hydrocarbon potential.
Dogu Sadak-1, Dogu Sadak-2/S, East Sadak-3 and East Sadak-8
Apr 2019 25457 bbls
May 2019 24949 bbls
Jun 2019 22140 bbls
Jul 2019 26494 bbls
EAST SADAK-11S Spudded 07.06.2019. Completion Date 15.07.2019. Put on the well production as of 22 July 2019.
Dogu Sadak-1, Dogu Sadak-2/S, East Sadak-3, East Sadak-8 and East Sadak-11S
Aug 2019 27428 bbls
Sep 2019 22805 bbls
Oct 2019 23712 bbls
Nov 2019 18789 bbls
Dec 2019 20668 bbls
Jan 2020 18056 bbls
Feb 2020 16674 bbls
Mar 2020 19655 bbls
Apr 2020 15125 bbls
May 2020 15573 bbls
Jun 2020 14219 bbls
Jul 2020 13890 bbls
Aug 2020 13489 bbls
Sep 2020 12625 bbls
EAST SADAK-12 Spudded 03.08.2019. Completion Date 16.10.2019 Well was abandoned due to non-economic hydrocarbon potential.
EAST SADAK-13 Spudded 25.10.2020
Wells known to have produced or be in production
DOGU SADAK-1
DOGU SADAK-2/S
EAST SADAK-3
EAST SADAK-8
EAST SADAK-11S
Penguin, so you say you're not XR...not anti oil......obviously not invested in UKOG....only ever comment on UKOG..... So to use your formula of "read what's not said" . ...you have to be a N.I.M.B.Y.......it's the only conclusion......and your not on your own.
Penguins
You can pretend as much as you like to be the 'armchair expert based in the Uk' of O ~ G deposits, formations and prospects in Turkey, but you're fooling no-one.
You know no more than any of us here and you know a lot less than AME, who have over fifty years under their belt .... and if you hadn't noticed they are still operating there. How would they have survived for so long if they didn't have expertise in their own sector ?
Second point, with everything that you claim being so bad as you purport it to be, yet you choose to remain invested.
Claiming to be in a 'paper loss' or 'waiting for the next spike to get out' and therefore not being prepared to sell yet, won't wash either, because if you thought it was just going to continue to get worse, that would result in a still greater 'paper loss' and also there wouldn't be a 'next spike' either, based on your perpetual doom hypothesis.
Actions speak far louder than words.
“Proving that there is commercial oil in Paleozoic sequence in Southeast Turkey by discovering 39 API gravity crude oil in the Arpatepe oil field in 2008, was one of the recent milestones we have reached,” reports Cem Sayer, President & CEO of AME.
“Six years later, another crucial discovery was made in the same region, in an oil field called Oymantepe East Sadak, which turned out to be the first of its kind in Turkey where the same aged/sourced crude oil is being produced to that of Iraqi Kurdistan, but with a better quality – being above 43 API gravity.”
Oil discoveries
With the Oymantepe East Sadak oil field also marking the lightest crude oil discovered to date in Turkey, Cem is optimistic that the discovery will help enhance several prospects located in the Southeast and the North of the country.
He adds: “While the SE Anatolian Basin – part of the Arabian plate – has been developed successfully and is currently producing from a number of fields of different size, the area in between these fields has been almost completely ignored. In an attempt to change that, our exploration efforts focus primarily on these very structures, as we believe that they have significant hydrocarbon potential.
The Oymantepe East Sadak discovery is on trend with the oil discoveries of Tawke and other major oil fields in Iraq, such as the Kirkuk oil field, and is expected to add to the significant resource base already discovered.”
Rollinginit...Penguin is not invested in UKOG and probably never has been......he/she has never said anything positive for as long as i have been associated with this share....that is since 2017.....there are many more on here the same........no-one in there right mind would be so negative on their own investment and do it for over five years solid
Ozzy
Penguins was saying the same 2.9p.
No one can say that he is not consistent, but the saying goes 'No pay no play!'
galanoja58
I think you did well to get out and come here when you did.
" Wells on East Sadak have flowed at 1,300 bopd"
"Wells at Horse hill achieved an aggregate flow rate of 1688 bopd (RNS 17 Oct 2016)"
and a lot of good it did us
Mirasol
Compare your 'two month' assumption to the time taken so far for the Uk operations and the prospects in Turkey to the prospects in the Uk
You're not going to get the chance to discover an Iraq sized oil field in the Uk.
Positive changes.
_____
“Proving that there is commercial oil in Paleozoic sequence in Southeast Turkey by discovering 39 API gravity crude oil in the Arpatepe oil field in 2008, was one of the recent milestones we have reached,” reports Cem Sayer, President & CEO of AME.
“Six years later, another crucial discovery was made in the same region, in an oil field called Oymantepe East Sadak, which turned out to be the first of its kind in Turkey where the same aged/sourced crude oil is being produced to that of Iraqi Kurdistan, but with a better quality – being above 43 API gravity.”
Oil discoveries
With the Oymantepe East Sadak oil field also marking the lightest crude oil discovered to date in Turkey, Cem is optimistic that the discovery will help enhance several prospects located in the Southeast and the North of the country.
He adds: “While the SE Anatolian Basin – part of the Arabian plate – has been developed successfully and is currently producing from a number of fields of different size, the area in between these fields has been almost completely ignored. In an attempt to change that, our exploration efforts focus primarily on these very structures, as we believe that they have significant hydrocarbon potential.
The Oymantepe East Sadak discovery is on trend with the oil discoveries of Tawke and other major oil fields in Iraq, such as the Kirkuk oil field, and is expected to add to the significant resource base already discovered.”
go baby
just wait and see.
wit for code bridge.lol
I remember a clip of SS mentioning between 50 and 100 billion barrels of oil at the "Gusher that did not Gush"
https://youtu.be/a2h2kWmf5iA?t=88
That's between a third and 2 thirds of Iraq's proven crude oil reserves. There might be a trust issue...
I remember a clip of SS mentioning between 50 and 100 billion barrels of oil at the "Gusher that did not Gush"
https://youtu.be/a2h2kWmf5iA?t=88
That's between a third and 2 thirds of Iraq's proven crude oil reserves. There might be a trust issue...
Nomlungu
That's not Turkey and that's why, as touched on before, I'm more interested in AME's views about Turkey.
Rollingint,
Quoting something from the time of discovery of E Sadak is not representative of what happened in the following 6 years - like Ocelot's 1300bopd quote from UKOG's presentation which missed out 'initial rate' and 'up to' which was included in the RNS.
Seems the hope after the discovery of E Sadak (Oymantepe) that it would be like the Iraq / Kurdistan fields hasn't exactly been achieved looking at the production figures.
As for 'You're not going to get the chance to discover an Iraq sized oil field in the Uk.'
You're right - investors in UKOG were told they had found much much more - have a read of the EY report made in 2016 after the initial flow tests.
Billions of barrels I tell ya.
But UKOG still insist on quoting initial flow tests even when there's years of production data they could use to explain what is likely at Basur / Resan.
In the late 2020 presentation Cem showed a graphic with 200bbls/d beside Resan- Y. Is that what's expected by AME?
Volume 119,267,492
If the wells in Turkey are that good, then AME would not be looking for a partner to put the cash up, simples.
AME are providing all the labour and equipment for the drill, but UKOG are providing all the cash.
There are plenty of dusters in AME's history of drilling, and a few decent wells too. Lack of info on long term rates is the issue.
I'm sure everyone will go bananas if AME report initial rates of 1000+ bopd. But what happens if it's a duster?
If it is 1000 bopd, then how long does that rate last for?
Personally, if I were drilling in a location which my own field experts believe to be an edge play, then I'd be looking to do it using someone else's money.
nomlungu
I believe that that figure was accross the whole Weald basin what was the figures for HH as he has received his bonus on that figure after the EWT!
Penguins
Read what AME are saying.
They believe the oil at East Sadak is from the same source as the oil fields in Iraq.
They highlight that much of the surrounding area is under explored too.
They will be trying to further prove their assumptions with this drill.
In the Uk, there's no chance of further and larger discoveries of oil from the same source or size as in Iraq.
______
“Six years later, another crucial discovery was made in the same region, in an oil field called Oymantepe East Sadak, which turned out to be the first of its kind in Turkey where the same aged/sourced crude oil is being produced to that of Iraqi Kurdistan, but with a better quality – being above 43 API gravity.”
The Oymantepe East Sadak discovery is on trend with the oil discoveries of Tawke and other major oil fields in Iraq, such as the Kirkuk oil field, and is expected to add to the significant resource base already discovered.”
Cynderliar....why are you posting about Turkey....isn't it dead??? surely it must be.......it has to be.....you posted it at least six times......your "wife" translated it for you .... "TURKEY IS DEAD" remember. ....can someone else ask him/her as i have allegedly been filtered by the forecaster of doom and gloom
You're still quoting something that was hoped for ,'is expected', but that has not been proved during the 6 years of since discovery.
'The Oymantepe East Sadak discovery is on trend with the oil discoveries of Tawke and other major oil fields in Iraq, such as the Kirkuk oil field, and is expected to add to the significant resource base already discovered.'
Wells appear to come on stream between about 100 and 500bopd and then decline rapidly, some apparently halving in months. Maybe they then continue for years at tens of barrels - we don't know because UKOG won't give long term well production rates from E Sadak, but with 12 wells drilled (plus sidetracks) total field production of 421bopd a year after the last new well was put on production is hardly gushing.
If the chances of success were so great in this under explored area why has AME waited so long to appraise Basur/Resan, why did the previous occupant of the licences applied for last year not discover a new Iraq size field? Why did the partner in E Sadak not participate in the farm in as E Sadak was so successful and the area has such promise, nor any other operator in Turkey - just a newbie desperate for something different from their previous transformational plays (so they can say it again).
Perhaps since discovery AME discovered E Sadak isn't as hoped for?
'same source as Iraq'.
What matters is the reservoir quality and structure size, not what source rock the oil was generated in. It is important to have a source rock but if the oil then migrates into a poor reservoir or small structure than a field elsewhere in a different quality reservoir and bigger structure it is not an analogue.
HH Portland oil is primarily sourced from the Kimmeridge - North Sea oil is primarily sourced from the Kimmeridge, therefore HH Portland should be as big as the Forties Field?
Penguins, you are wasting your time.
The Rampers aren't interested in facts or answering awkward questions.
Penguins
Easy translation from your post, with every 'perhaps'.
Perhaps, you're pretending to know more about the oil in Turkey and it's read over to Iraq, than AME, who have operated in both countries for decades.
From your armchair in the Uk, why don't you contact AME and tell them that you have a large number of 'perhaps's' that you'd like them to consider.
"This discovery will help enhance several follow-on prospects located to the Southeast and the North. It is on trend with the oilfields of Kirkuk and discoveries of Tawke in Northern Iraq, and Garzan in Turkey, and is expected to add to the significant resource base already discovered."
Not sure on trend means the same as producing.
The prospect to the North of East Sadak which was also East of Resan oil field was relinquished by AME in early 2016 in favour of the Resan/Basur license areas.
"Compare your 'two month' assumption to the time taken so far for the Uk operations and the prospects in Turkey to the prospects in the Uk"
it's not an assumption - it's reported facts by AME - and its drilling time - it's a guide as to how long we have to wait for news AFTER they start. But its true - Turkey is a lot easier place to do business then UK Onshore - which is why everyone leaves eventually and seeks pastures green elsewhere