Member Info for Adon30

I’m sure a week or so ago someone said it would be porting around Belfast for further supplies so completely expected. If you zoom in now there is a small craft “Sgt Pepper “ that has come from Bangor right next to the SD. I would assume with further supplies or personnel.
No idea how long it takes to get down to Morocco but would expect around the end of December which is probably a good thing as Morocco has blocked incoming international arrivals for next 2 weeks due to Covid.
https://www.reuters.com/article/health-coronavirus-morocco-idUSC6N2S203Y

Link for those who want to follow the Stena Don on its journey south

https://www.vesselfinder.com/?imo=8764418

The satellite orange patch was flaring. Captured on the 13th and 15th satellite images so they are still at it producing from the site. Will see if we get it on the next satellite pass….

22 wells are across non OP Williston Basin not paradox.

There are proposals of the DEVELOPMENT/ EXPLORATION targets within the paradox/ white sands region. All 3 of these were listed in the 29th October RNS.

There was also talk of 100s of PRODUCING wells in the paradox/ white sands. They may even extend the JV partnership with Purified who they use for the non OP locations to start banging in other PRODUCING wells in the paradox which will speed things along or maybe even other financiers. Plenty more to come.

Yes it is amazing the amount of time they put in just to deal with us investors.
I mentioned gas to him a month or so ago and since they have been giving it equal status with the oil and condensate revenues. A pipeline will have to be able to cover payback quickly and there are other localised options such as cng if they can get a local off take agreement.
I think a zero flaring option would be most welcome for CH with the companies ESG credentials. At present the flaring will be costing CO2 credits and not returning any revenue.
Hopefully another RNs end of the month beginning of December
GLA

Spotted this in passing at the NEC. May be of interest to people. More automotive related though. Into its 17th year but doesn't seem that big yet....

https://www.sustainabilitywestmidlands.org.uk/?post_type=events&p=16415

https://10times.com/hydrogen-fuel-cell-conference/speakers

Images appeared from satellite around 6pm GMT and T&T is 4 hours behind. So would be before 2pm at least. Plus then there is a download and processing time.
The angle of the sun though would suggest (as per MJs comments) mid morning. Around 10-11am if I were to guess.

I was going to say exactly the same thing. If it’s information that can be shared publicly then CH will reply with an answer that is first hand.
This is the first time producing in this area so bound to be problems. However being able to produce much more than anticipated for is a good problem to have.
They may be able to purchase something that’s available and have it shipped in to ease constraints or it may take several weeks for fabrication.
On top of that they are also looking at piping gas to existing infrastructure or even localised CNG solution if they have a local buyer that can be trucked to.
Knowing this company however they will be working hard to correct any minor issues and seek maximum benefit for the company and shareholders.

Running some rough figures and taking the lower rate from paradox of 420bopd ZPHR could easily be achieving $5M+ per quarter in revenue from operated and non-Op interests.
When further non-Op wells are completed this will increases further and also if the cane creek delivers higher volumes. Cane creek at a rate of 690bopd could see over $4M+ revenue per quarter from that alone.
Great numbers and only just the beginning

'Results to date suggest the State 16-2LN-CC is a successful proof of concept well with highly positive implications for the utilisation of hydraulic stimulation completions across the multiple reservoir zones and across the Company's 37,613-acre lease position within the Paradox Basin.'

Non Op Production rates also up to 549 boepd in September 2021

And following my request to CH the other month there is now a breakdown of Oil and Gas produced:

Oil: 31,604 barrels ("bbls") at an average sales price of $68.62 per bbl

Natural Gas: 18,967 million cubic feet ("mcf") at an average sales price of $4.71 per mcf

Natural Gas Liquids: 1,083 bbls at an average sales price of $38.21 per bbl

The lights have certainly all changed to GREEN. Well done Zephyr, CH and the BOD. As well as all the people on the ground and technical institutions that have supported them.

'Results to date suggest the State 16-2LN-CC is a successful proof of concept well with highly positive implications for the utilisation of hydraulic stimulation completions across the multiple reservoir zones and across the Company's 37,613-acre lease position within the Paradox Basin.'

Non Op Production rates also up to 549 boepd in September 2021

And following my request to CH the other month there is now a breakdown of Oil and Gas produced:

Oil: 31,604 barrels ("bbls") at an average sales price of $68.62 per bbl

Natural Gas: 18,967 million cubic feet ("mcf") at an average sales price of $4.71 per mcf

Natural Gas Liquids: 1,083 bbls at an average sales price of $38.21 per bbl

The lights have certainly all changed to GREEN. Well done Zephyr, CH and the BOD. As well as all the people on the ground and technical institutions that have supported them.

Don't forget also that the Cascadura EIA public consultation begins in 40 minutes (10am T&T time). That'll be another step towards production there.

13m in warrants exercised in last week and looks like they are starting to churn with the bigger trades appearing.
Hopefully a few clear before the bigger news arrives.

944t, That’s why I questioned it. When I messaged Colin recently about gas revenue he mentioned about gas being captured at all non op facilities and they would do the same thing at state 16-2
When you get used to seeing black, white and blues on the well pad satellite image and something bright orange in the corner appears you have to question it.
Maybe it’s the high viz equipment storage facility…..

Something is on the bottom right Twitter picture, that was posted, that looks a bit orange. Can’t make it out though.

If this link works then people can look at the comparison themselves.

https://ibb.co/wsVZ9X2

Nothing on the Thermal hotspots MODIS satellite....
but may not have been captured.

I've no idea what it is then...

Now I'm not 100% on this but......

Had a look at the latest image for yesterday and there is an orange blob shown in the corner of the pad. This area was quite dark and almost black.
Surely too early for flaring....???
Plus I thought that they were going to capture rather than flare if possible.
If it's not that then not sure why it is orange in just that corner....

Very unlikely to be a placement. However even if there was it would only be to push the company to even higher levels.

I can not remember exact prices but production deals were done when at around $30pb (someone will remember exact figure and it is also in the presentations). Oil is now at $80+pb and also have a carbon neutral outlook with the premium that also attracts. Payback for the acquisitions will be a lot shorter and able to start building the cash for future developments and further acquisitions.
Also have $16m of tax liabilities to claim so all profit until that point also.
Plus the little cane creek drill that is being tested.....

There are several available. They all use the sentinel satellites. Soar or sentinelplayground are ok.
Resolution is poor though. Not like google maps. Only has a 10m resolution but can tell if there is a rig on site or not.... or a big ton of equipment!!

I said there was a lot of kit on site. When you can see it from space it must be!
The new ‘blobs’ I saw from the other day were the workers truck and cranes manoeuvring around the pad. Can now be seen on the pics.
It certainly looks like they mean business and kit that’s meant to be there for the long term.
GLA