Member Info for abzzba

I beg to differ, March 13th RNS states due to no pressure boundry identified at H1 then a workover and stimulation of H2 may be the way to go, essentially to tap into H1 reservoir so i would be hoping for circa 400--500 bopd from H2 as well assuming the stimulation breaks us into H1 reservoir.

Doc, i think your being a bit too optomistic, 5p by June. 12p by year end is my guess.

Ah, i see, still bit early.

Either way we have been choked back to 200+ bopd for some time now so if the sand issue was due to the pressure spikes we should be seeing a lot less sand to surface now as this loose sand is flushed out, problem is many expect instant results / fixes, oil wells are living breathing things, they need watched/monitored longer term to access how they react,

Thor, i would not say its worrying at all, i would say its good, if the sand issue is sorting itself out thats great news, if sand is still and issue fitting a sand screen cures it but there is little doubt the sand problem fixing itself out is the best outcome for us.

November 14th RNS alerted us to pressure spikes in our new producing H1 well, January 16th RNS alerted us to sand issue with H1, there is every possibility these early pressure spikes were the cause of the sand being produced, irregular and sudden pressure surges destabilising the sandstone reservoir, we now know these pressure spikes have sorted themselves out, not uncommon for a new oil well to behave this way, result being there was an amount of loose and weakened sandstone in H1 reservoir, this free flowed with the oil to the surface however as the pressure is now more stabilized there is every possibilty the sand issue is becoming less of a problem, this will be monitored on the surface, if this is the case then its also possible a sand screen will not be needed, its simply a case of flow /flush the loose sand through to surface at low pressure / production rate until the well self cleans this loose sand then we can slowly increase daily production without fitting a sand screen, my reasoning being i would have expected the sand screen to be fitted ASAP if sand were a real long term issue.

I really am starting to think the sand issue has sorted itself out as did the erly pressure spikes.

I really do not see a JV with any Chinese company, Chinese are not known for sharing, they want it all.

I doubt many are actually aware of the importance of "H1 yet to see any pressure impact of a boundary" paragraph in 13th March RNS, essentially the H1 reservoir and hence oil in place could be many times larger than first thought, its also why they feel a workover and further stimulation of Heron 2 may be worthwhile to tap into that same reservoir.

Not to mention a possible rapid increase in oil price.

Found it, coordinates 46.8402263, 116.1298824 (decimal degrees) are equivalent to 46°50'24.8"N 116°07'47.6"E

thanks.

Master, is that Decimal degrees, Degrees, minutes and seconds or Degrees and decimal minutes

Master, do you have H1 co-ordinates ?, ifso can you post them please.

OWL, agree 100%, we could see oil price take of very soon if Israel go ahead with this.

Meantime MATAD busy increasing production with low cost remedial works to 4 already drilled wells, listen to the AGM for factual info rather than the rot spoken by our infestation of NEGs.

Low life deramping NEGS ou in force last night, we seem to have a serious infestation again, no matter, onwards and upwards,

WOS, your quite right in saying "Problem is it sabotage sensible discussion subject", this is typical de-ramper tacticts to disrupt the board, much like the constant 1p incoming, raise incoming, usual crap from crap posters.

OWL, agreed most of the reputible media are carrying articles saying Israel preparing to strike IRAN, while no one wants war it seems likely Israel will strike IRAN, if not now then sometime soon, result will be massive spike in the oil price, how high will it go is anyones guess but $90 - $120 bbl certainly not unrealistic.

However, back to MATAD, we need to be increasing our oil production, no doubt H1 first, update on where we are and the plan ahead must be imminent.

If you have not heard of Mongolia’s VISION 2050 look it up, the refinery and Mongolias oil are a means to an end, that end is Mongolia’s VISION 2050.

When you add Sunsteppe into a MATAD refinery JV the whole package becomes easy to understand, MATAD /Sunsteppe will be at the core of Mongolia’s future energy needs.

What a glorioious thought.

https://www.sunsteppe.com/about-us/

https://www.tradefinanceglobal.com/posts/vision-2050-intensifying-climate-action-building-resilience-mongolia/

Little doubt that Sunsteppe will benefit.

https://www.sunsteppe.com/about-us/

UAE/Bahrain to invest $500 million in Mongolia.

https://mongolia.gogo.mn/r/ko8xm

Or maybe abzzba meant the end of June ?, 40 days to go.

FTSE, well noted, i doubt many are actually aware of the importance of "H1 yet to see any pressure impact of a boundary" paragraph in 13th March RNS, essentially the H1 reservoir and hence oil in place could be many times larger than first thought, its also why they feel a workover and further stimulation of Heron 2 may be worthwhile to tap into that same reservoir.

Does anyone know the coordinates of H1 / H2 ?