Member Info for 3standsoffbottom

Remember in the past Vision was the operator. Now we have had quite a change in personnel, who would also appear to have vested interests aligned with ours, at least for the moment due non voting element. Bit like a new POTUS, first 100 days will be interesting. Alaska will be thawing out then as well.

Danakali is Africa's answer to SSX by some magnitude. BMN is vanadium, everything else it is involved in is just a nice to have, maybe. I am invested heavily in all three, DYOR.

They were always going to wireline, given the companies enthusiasm for this project. Seismic is okay but no replacement for core samples and/or a tool inside the target, ahem.
1-2-3 days and we should have an idea I think. They will be analysing data real time. They also have tools, for example, that fire into the formation to take samples. They should know pretty quickly, hopefully onto testing. I have a lot of money riding on this, fortunately on a very low average, wish everyone luck.

Yes in my opinion running the 7” would be encouraging news. As you mention it may still not be commercial. Remember they will have drilled into the potential reservoir, if they like the look of it they will run the 7” with the intention of (trying) flow testing. TD = decision time. They may also take core samples for example of the target. AIMHO.

Testing string might be the drill (most likely) string. I have just read wot I wrote. Sounds like I am stating fact, just to be sure, just guess work and all my opinion. Oilfield trash from many years ago ;)
Actually a 7” column of hydrocarbons would be something to smile about, kept under control!

Testing string might be the drill (most likely) string

If they test, they will not be testing by displacing mud/brine out of the 7” liner. They will run a testing string and as mentioned isolate the perfs with packers/bridges/plugs. A 7” ( can’t remember the ID) column of hydrocarbons all the way up to the surface.....no.

The if required means exactly that. If they reach TD and decide it’s dry, why spend more money. The open hole will be plugged, where appropriate with 1 or more cement plugs, (stop potential fluid migration). A plug will be set in the casing to seal it further. If the 7” liner is set and it is decided to drill further then there is the option to drill out and “if required” run 5” liner. Production tubing is (I stand to be corrected) is run into cased hole not open hole. This enables a plug to be set inside the casing above and below the perforations and a direct pipe pay zone to the surface (production tubing).

Sand think of sandpaper, it’s abrasive. Target sands as a generalisation are from 10’s to 100’s of feet thick and normally drill quickly if for no other reason than the short distance involved, but see first comment.
Sands down there are tightly compacted, think of pressure, heat and millennia. I am not a geologist but I think you are asking about porosity, this is down to the gaps between sand grains, which I suppose means size of.

So the if required means if the well is not plugged and abandoned. The 9 5/8 will be drilled out with an 8 1/2 bit. It will be open hole through the target. Depending on results from shows in cuttings, shutting in and wire line, a decision will be made to run the 7” liner. Once the hole is secured (first reservoir) with the 7 inch then they may drill further. I doubt they would drill both targets open hole, but I don’t know, will be up to the drilling engineer.

Drill rate depends on a number of factors. Geology, drill bit type, drill string design (weight), vertical or directional. Most drill bits are 3 cone type, they have a design weight range, too much you going to break them, too little not going to drill efficiently. The amount of weight you can put on the bit is determined by the number of collars and heavy ball pipe. The zero weight point is normally kept in the top end of the heavy ball. It’s all a balancing act, the driller will have a target weight on his guage but will play around with it for max rate. Bear in mind he also wants to keep vertical if that is the design, too much weight on the bit can cause it to kick off sideways. If the well fills with cuttings, drilling stops and hole is circulated out.

Just wondering if they will try for a share suspension.

When I read this RNS it was like wtf! I am reminded of the song with the line, "if I didn't have bad luck I would have no luck at all". The I being PANR. End of the day someone has died which should put things in perspective as to what is really valuable in this life. Condolences to next of kin and friends of Bobby Gray. Unfortunately I see this in single figures tomorrow, what to do...... No idea. Vision was jointly owned so not a total disaster, but uncertain times ahead. Let's hope for reassuring news! I made a lot of money on this share, I suspect I have given it all back, at least I am still in the game.

Unfortunately this share, in my opinion is going nowhere at the moment. The only thing that is going to send the share price up is a good, like in really good, RNS. There will no doubt be buying mostly PI's, averaging down or getting in at a 'good' price. Sorry to be pessimistic, I have a fairly large holding here but the water production thing is actually potentially catastrophic.