Member Info for Adon30

Oldslow. Ahhh, phew. Never been called a troll by anyone so would have been a first.

I thought you meant adon30 aka thebold, inferring that I was the same person. Cross wires. Thanks for the clarification.

I have been on Char board recently as have found locations of both there latest drills. Shame the first one was aqueous. Again don’t read them too much as a lot of rubbish spouted among some other comments.

Oldslow really??! I certainly do not work in the oil industry or have any links to it.

I have been here since before MOU1 was drilled. I was the one that first found the location of the drill site. Maybe even old Sefton may remember me from back then.

So the FUD poster was thebold. I could work that out from when they first started posting. Unfortunately places like this are full of them. Just interested how people manage to flush out there details as saw a tweet from GRH this morning and wondered what was happening.

Wow. What did I miss? Don’t spend much time on these boards now because of a lot of the nuisance posters. But I did my research a long time ago.

Don't think the drill will be a problem. It is those testing numbers I want to see.

Cascadura is a gas field not oil. I very much doubt CO2 will be of any use.

The field (and well) itself will run for years and years, just not quite at the initial rates they suspected, but they are stabilising and still choked.

I would expect another 'kick' when they hit the hydrocarbons.

The previous failure was at the beginning of Testing. The safety valve was opened. It was the pressure from flow that ruptured pipe. To protect this, they attempted to close the safety valve, which failed. Secondary protection is the BOP which due to the high pressures failed to crimp the pipe. The pipe, as we know, eventually buckled on itself and caused all the clear out problems. Hence the need to redrill the well.

They will have learned from this and spec'd the equipment accordingly. They have also refined the drill method slightly even though they are still following the same previous well path. They also know when the intersection of hydrocarbons will occur.

Q1 results likely next week so expect they will tag something onto the summary

Application has now been 'added to bond'. Next stage is permit approval and waiting on the process to complete. I couldn't begin to guess how long that will take... can be anything from a few weeks to several months.

I think it would be tight on a June drill for Salt Wash. I do think they will seek an extension on it as a lot of the pieces are already in place/ in motion.

H&P will likely already have other drill commitments for their rig so a new rig contract would be needed. This can only be arranged once they have the permit to drill.

The permit is in progress

Chariot may need the rig for longer if they have to sidetrack or for some other reason.

Next news, in no particular order, will be:

Q1 Williston results

State 36 drill completion

Salt Wash Helium partner/ update

State 16 gathering pipeline approval allowing further testing

State 16-3 permit approval

Good news.

The State 16 pipeline BLM application became active again yesterday. And is now back to in progress.

Zephyr have posted this footage of state 36

https://x.com/ZephyrEnergyPlc/status/1783791065113260099

As an update. It looks like the proposed WSU Tank Battery is progressing through regulatory requirements. Hopefully be ready for when the drill is completed.

Have the drill crew just checked in to Green River?

Noticed another US helium company/ play has just ipo’d. Similar percentage of helium but larger quantity. Can’t wait for zephyr to move on their own project.

Drill pad is looking good. Fingers crossed for a start this week and get this show moving again.

Oil price holding well and previous hedging would have helped Zephyr December 23 through to March 24 with maintaining a good price. Now back above the previous Q1 hedging price though. I wonder if they will hedge any more of their non op production?

A conventional drill into a natural fracture of this nature will flow fine. Zephyr basically executed this type of drill previously and added a tiny lateral on the end once they tamed the initial kick. The plan had been for a long lateral and the method is well proven globally.

As for 'failing spectacularly'... Zephyrs drill was absolutely fine. It was a sudden and catastrophic failure of a surface valve which led to them having to execute well control measures. Part of which is to crimp the coiled tubing to prevent blow out. It is that crimping of the tubing that created further problems as it proved nearly impossible to remove the damaged pieces. Yes it could have been done if they had persevered but the costs and time were outweighed by just redrilling. Hence where we are today.

All (or most) the equipment that was around the well pad now appears to be position around the rig on its new drilling location. Depending on when they call the drilling team in we could have spud rns on Monday.

Be interesting again to see how voting goes at next agm. Last time 13% against JA. Some others had over 30% against. You would have thought that they would have tried harder for shareholders value while taking their massive salaries.

How much actual progress this past year??

What have they communicated??

Do they deserve to stay??