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Interesting read Breq, Thanks for posting.
Just to add a snippet of information from one of Edd's post's regarding TO-13 and it's oil shows (that was actually a reply to one of your previous posts):
"Also we currently know the oil down to point from TO-13, but they have still to drill beyond that point. 120m of oil containing reservoir doesn't sound very much like reservoir pinch-out to me! "
Food for thought...
Cheers Soulac/Calder,
That's an informative article, with a structural cross section of the Tobias oil field, located at the TO-6 drilled well.
Snippets of info taken from the article:
Top of the reservoir = depth of 520metres (1,710 feet).
Initial oil column = 350 metres (1,150 feet).
Bottom Hole Pressure = 53kg/cm2 or 753.837 PSI
Thanks guys
As per RNS TO-14 was drilled to a total depth of 781m and penetrated the entire Binga reservoir section (~80m column) with potential pay zones seen in multiple intervals.
Question if I may,
Does anyone know to what depth the TO-4 well was drilled ?
All I am able to find is that this well penetrated the first 8m of the top of the Binga reservoir.
With Thanks in advance...
I have been reading and watching a few SP Angel analyst reports on TRP
What I noticed was that
$6 or $7 million in Rig Pipes and Other Equipment has already been purchased upfront for the upcoming Njom-3 appraisal well, which greatly exceeds the present market capitalization as it presently stands.
(see below for details, with my cap's to highlight:)
SP Angel
Research Note
6 December 2023
VALUATION:
PAGE 14
This suggests a post-money gross valuation of just over $30m for a farminee to enter the Njonji opportunity at the ground floor level ($10m past costs plus $20m NJOM-3 cost, c.$6 MILLION OF WHICH HAS ALREADY BEEN SPENT) This is equivalent to attributing a c.40% chance of commercial success to the Njonji Phase 1 development @ $60/bbl in our Risked NAV, or approximately half the chance of success (80%) attributed in the 2020 independent resource report. These terms are less generous than seen in historic transactions, which reflects the decline in sources of risked equity capital to fund exploration and appraisal activities in the junior oil and gas sector.
https://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf
And
BR Business News:
David Mirzai, Head of Energy Research, SP Angel on Tower Resources, 21 December 2023:
David Mirzai (5 minutes in):
"Have probably a cost of $20m for this well,
PROBABLY ABOUT $6 OR $7 MILLION OF THAT HAS BEEN PAID UPFRONT IN TERMS OF TOWER GOING OUT AND GETTING RIG PIPES AND GETTING SOME OF THE EQUIPMENT IT NEEDS TO DRILL THIS WELL...
but that leaves $13m or $14m that it needs to fund this appraisal well on the Njonji Discovery"
BR Business News: David Mirzai, Head of Energy Research, SP Angel on Tower Resources
Today Tim is joined by David Mirzai to get his analysis of Tower Resources. ------Core Finance is part of Core London, a TV production company based in Londo...
https://youtu.be/LGJPfX7_8Fw?si=6sW_hLmNKCNlK2Dz
BORR DRILLING
Fleet Status Report - Dated 22nd February 2024
https://borrdrilling.com/wp-content/uploads/2024/02/a506fb0c1b9eabe9.pdf
Showing Norve rig availability from second half 2024, with BWEnergy at moment.
As per TRP rns 18 December 2023:
The Rig Contract The Rig is currently subject to existing contracts to deliver a series of wells, whose timing are naturally subject to operational uncertainty. Following the completion of those wells, the Rig is expected to be available in Cameroon between April and August 2024. Subject to the Rig being available during this time period, the Company therefore anticipates that the NJOM-3 well will be spudded in Q2 or possibly Q3 of 2024. The expected date range for the Rig's availability will be narrowed as it draws nearer.
I am absolutely disgusted at some people's behaviour on here and elsewhere (x), but to threaten harm to another person (GRH) is utterly despicable.
Hopefully the person (s) responsible will face the consequences of such and bought to justice.
Stay safe GRH
Phase 1 rigless testing update
Highlights
· Phase 1 rigless testing with small perforating guns confirms formation damage
· Phase 2 Sandjet testing, always the preferred perforating option, will proceed with design parameters modified to take into account the depth of formation damage
· The Company is confident that Sandjet will achieve its objective to establish gas flow
· Analysis of gas samples confirms up to 99.57% methane suitable for CNG development
· MOU-5 Jurassic well planning on track
· No change to available discretionary working capital to carry out Sandjet testing programme
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term operations focussed on Morocco and Trinidad, provides an update on its Phase 1 rigless testing programme onshore Morocco.
Phase 1 rigless testing programme.
Objective
The Phase 1 rigless testing programme was designed to confirm potential formation damage caused by heavy drilling muds used whilst drilling and estimate the minimum depth of penetration of drilling mud into the potential reservoir formations.
This information was critical for designing the Phase 2 Sandjet programme, including perforating parameters, and for evaluating additional potential reservoir intervals interpreted by NuTech but where conventional wireline logs were potentially impacted by deep invasion of drilling mud into these intervals.
In order to carry out Phase 1 rigless testing, conventional 111/16" perforating guns, being the only option available at the time to allow Phase 1 rigless testing to commence before 5 February 2024 and the end of the extension of the Initial Period of the Guercif Petroleum Agreement facilitated by Amendment #3, were used.
It was recognised that the perforating guns were likely to be under-sized but a third party analysis indicated a maximum 12" penetration into the reservoir formation versus their interpreted zone of formation damage for the TGB-2 Sand in MOU-1 of 8".
Therefore it was assessed that the Phase 1 rigless testing programme would at least establish a minimum extent for formation damage around the wellbore of 8 inches based on the above third party information. This would assist in designing more appropriate Sandjet perforating parameters.
Operations summary
Phase 1 rigless testing operations commenced on 10 February 2024 after arrival at the well
site of the explosives required for the perforating guns and allowing for adverse weather
conditions caused by severe gusts of wind that prevented crane work to ameliorate.
All four zones in MOU-1 and MOU-3 to be tested were perforated and operations were completed on 19 February 2024 with the crews and equipment being demobilised. Operations took 10 days
Same satellite images with the Moisture Index selected,
MOU-3 image 04.06.23:
https://dataspace.copernicus.eu/browser/?zoom=18&lat=34.32037&lng=-3.38655&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2023-06-04T00%3A00%3A00.000Z&toTime=2023-06-04T23%3A59%3A59.999Z&layerId=5-MOISTURE-INDEX1&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=SINGLE
MOU-3 image 12.02.24:
https://dataspace.copernicus.eu/browser/?zoom=18&lat=34.32041&lng=-3.38613&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2024-02-12T00%3A00%3A00.000Z&toTime=2024-02-12T23%3A59%3A59.999Z&layerId=5-MOISTURE-INDEX1&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=SINGLE
Hi Keith,
Your comment,
“MOU-3a has been drilled to a depth of 350+m, to penetrate the overpressured A-Sands found at 339 - 350m, using SV101, from the existing MOU-3 pad.”
That assumption may actually turn out to be correct, when comparing the MOU-3 satellite images dated 04.06.23 and 12.02.24 respectively.
With both images showing what looks like a white structure/tower (SV101 rig?) in the bottom left of the drill pad and both images showing what looks like water outflowing from the said structure.
Now we know that the SV101 drill rig is definitely on the drill pad dated 04.06.23 due to the RNS MOU-3 drilling update (02.06.23), is pleased to announce that the Star Valley Rig 101 will commence drilling the MOU-3 well within the next 24 hours.
So comparing both separately dated images they look uncannily similar.
MOU-3 image 04.06.23:
https://dataspace.copernicus.eu/browser/?zoom=18&lat=34.32037&lng=-3.38655&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2023-06-04T00%3A00%3A00.000Z&toTime=2023-06-04T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=SINGLE
MOU-3 image 12.02.24:
https://dataspace.copernicus.eu/browser/?zoom=18&lat=34.32087&lng=-3.38605&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2024-02-12T00%3A00%3A00.000Z&toTime=2024-02-12T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=SINGLE
Morning all,
I'm guessing that the fractured nature of the reservoir would help speed up the Oil recharging process, with the Oil using the fractures as a conduit in the process.
Whilst I'm here, must add my Thanks to Edgein for your informative contributions here...
Was somewhat sceptical as regards the possible commencement of sandjet testing already, but having gone back and forth (date wise) with the satellite images (using the moisture index) and noticing what looks like pools of water suddenly showing on the 12.02.24 satellite pass over MOU-3.
At the same time I discounted the possibility of a sudden rain downpour, by checking out the wider area (date wise), which showed no major discernable difference. 👀
...
Operations Update and 2024 Forward Work Programme RNS (12.01.24)
Phase 2
"Phase 2 rigless testing operations using Sandjet are planned to commence in early February to early March. The duration of operations is forecast to be for up to 21 days."
🙂
Recent Kon 11 photos ( pinched from other site:)
https://www.facebook.com/share/p/xHkHRLfgwGAiDcRH/
Yes noticed the TXP news (part of, as copied and pasted below) this morning, bodes well for the Herrera Sands underneath the PRD T&T licence area:
"Drilling samples and openhole wiring logs indicated over 525 feet of sands in the targeted Herrera formation with hydrocarbon shows observed in samples and at surface throughout the primary intervals. The top of the key Herrera formation was detected at a measured depth of 6,186 feet, with sand and shows observed throughout the section to the total depth of the well. Based on these encouraging results, we are currently installing casing for future production."