Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Penguins
And until such time as that is passed......... No sense jumping ahead. We don't actually know what is on site now. They have carried out groundworks so it is all guesswork. I think we can all read what will be. We might even get live English football back on TV.
Ibug,
SCC Ref 2020/0018
Submitted 31 Jan 2020
RNS 28 Jan:- 'Plans to install a dual completion to enable HH-1 to produce from both the Portland and Kimmeridge oil pools are being formulated.'
Also RNS 23 Dec:- 'a short HH-1 intervention is also planned to further optimise both Kimmeridge and Portland test production from the vertical wellbore.'
This planning application appears to cover the interim period with regard to storage and export of crude until the site is extended and the 'full' development site is built.
It is still to be determioned by delegated powers - but to me indicates what they intend for the site for the time being - or why else submit it.
Penguins
That was before they decided to produce from the Kimmeridge imo. If you are going to start quoting perhaps it may be a good idea to say which planning application and document you are talking about as at present they are working to the SCC Ref 2016/0189 application. It will also save me and everyone else trawling through all the documents. From memory I seem to remember seeing 4 separators on one of the plans and only one on the 2016 planning application (SCC Ref 2016-0189_planning_Illustrative Site Plan EWT Mode HH-2 and SCC Ref 2016-0189_planning_Illustrative Site Plan EWT Mode HH-1.)
Ibug,
They are only planning to have 2 separators on site in the 2 well producing set up (according to the plan in 'The storage of crude oil in association with planning permission for retention of the wellsite and production of hydrocarbons.') and one of these will be dedicated to HH-2z, assuming it's done before the ewt ends, and separators need to be before metering for oil/gas.
As they will be pumping not flowing reservoir pressure is not an issue as they will presumably flow line to surface before mixing the Kimmeridge and Portland oil, the API is different but unless tanks and tankers are dedicated to each reservoir they're going to be exported mixed anyway.
A complication is operational (FDP'd oil) vs investment (test) oil so (relevant for the accounts) unless they are going to FDP the Kimmeridge first it will be an approximation for HH-1.
Maybe they'll add a separator, if I were UKOG I would like to know what is flowing from each reservoir. Alternatively they could alternate the flow allowing each reservoir to 'recover'.
Mirasol
They won't run Portland and Kim co-mingled as they are at different pressures. They will co-mingle KL3 and KL4. It is also non-productive if they have to shut down either Portland or Kimmeridge in HH-1 for any reason. They are also different API. You will get one production line for HH-1 Portland, one for HH-1 Kimmeridge and one for HH-2Z imo.
How many bona fide oil companies give updates on flow rates from individual wells?
2 flows would be from portland and 1 from kimmeridge different api cant see how it would all go through 1 gauge...
"Mirasol : recorded mine wrong, should be. HH1, Portland 320 - Kimmeridge 300 - HH2, 820 = 1440 UKOG = 1,238"
Scally - I'm not asking peope lt o break down the Portland/Kimm split in HH1 for 2 reasons
1. It just adds more numbers
2. they won't be be able to tell accurately without running a PLT regularly - mixed flow will be that - and will almost certain;y come through one gauge I understand.
Net UKOG is a very important number but TBH it's one anyone can calculate - SS tends to give the headline gross flow numbers only anyway
Mirasol : recorded mine wrong, should be. HH1, Portland 320 - Kimmeridge 300 - HH2, 820 = 1440 UKOG = 1,238
However, as I mostly never get anything right. If we keep it as You recorded it. I'm sure in with a better chance.
atb everyone. Only 3 number left on the bingo card.
I'll go for 600bopd total please.
Happier with Mirasol's hopes.., even happier with more.
*Fingers crossed for the latter.
:)
Poster HH1 HH2z Total
ibug 400 500 900
Hi Mirasol.
Put me down for.......360 410 770
It looks as if all the waiting has weighed down on expectations.
That's not a bad thing, creates room for a pleasant surprise.
Poster HH1 HH2z Total
Scallywag3 620 820 1440
Sting69 560 650 1210
Mirasol 400 400 800
Skwizz 400 400 800
Ohmetoe 780
Captain Stanley 250 320 570
Penguins 450
Backwoodsman 400
Mickybee 1
Total
Max 1440
Ave 717
Min 1
Is the wording possibility ,your opinion ??or drawn from factual knowledge with substantiation from a reliable source .,as of now not a couple of years ago .
BMW,
Loads of fecking oil, son!
This got to over 300 million mcap at one point what happened
HH1, Portland 320 - Kimmeridge 300 - HH2, 820 = 1440 UKOG = 1,238
Poster HH1 HH2z Total
Sting69 560 650 1210
Mirasol 400 400 800
Skwizz 400 400 800
Ohmetoe 780
Penguins 450
Mickybee 1
Hh1portland 300bpd
Kimmeridge 260bpd
Portland Horizontal 650bpd
Nice for starters
Rig back for another well Portland horizontal ,cpr and then horizontal into the kimmeridge to try and have another go to fathom out completion
Gla
Ukog united
I don't know rogan - the optimists aren't backward in naming numbers either IIRC
I'll just keep a running total and see how it comes out.
I could spend the Bank Holiday paging back to see what some have already forecast but that really would be a bit naughty , don't you think...........
Mirasol,
I doubt many investors will join your sweep stake, but at least we will have a complete list of the swampies on this board.
somehow cannot get too excited
Mirasol 23-May-20 400 400 800
Skwizz 23-May-20 400 400 800
Penguins 23-May-20 450
ohmetoe - 780
Off and running:-
Poster Date HH1 HH2z Total
Mirasol 23-May-20 400 400 800
Skwizz 23-May-20 400 400 800
Penguins 23-May-20 450