The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
If not now then when? There has literally never been a better time to take advantage of hydrocarbons.
Here in Alberta we are RUSHING to take advantage of this opportunity. Bizarre they do not seem to care down under.
Its a cyclical business and you must always make hay while the sun is shining.
Lots of good opportunities in the Canadian patch while we wait.
Cheers,
Hello,
I understand the significance of monitoring our neighbors activities and success etc,
But what is in the cards for Falcon in 2022?
I would appreciate a brief summary of the yearly plans for Falcons drilling and completions activities.
Forgive me if this has already been summarized.
If the plans have not yet been made public, can someone summarize what is expected?
A guideline for the year would be beneficial to the group here I suspect.
If anyone could provide this it would be much appreciated.
Thank You
O-Quiggles earned another $1917 today, as he does every single day. Easiest "job" on earth.
I spoke with several production engineers that deal with horizontal multi-stage fracking in Alberta.
Long story short is it is totally normal to install production tubing at this stage and is not necessarily indicative of a bad well.
The tubing would have to be installed eventually, so they do it now while the infrastructure to do so is available.
Time will tell.
Lets just frack the damn well! Its insane that Covid has shut down a single frack job for this long. Get the men to work, get the gas flowing and start up the economy! Lets gooooooooo
I have friends drilling in the Middle East probably in a similar situation in that they cant leave because their cross shift cant get in. They are working long rotational schedules, but now have no one to relive them and they cant abandon the wells.
Title of this thread is "Origin on the Horizontal Capping", yet mostly just whiny chat about POQ's personal share choices.
Chat as you wish but at least start a new thread.
Certainly most lurkers like myself would rather view technical well data and insightful company news.
Cheers!
I've only been to Dublin once but I definitely did not relax :)
To be honest I hope it rains a lot all over Australia. They need it.
looks the POQ haters and whiners have pushed out some of the ppl with the most insightful information on this board....
In my experience in drilling horizontal and vertical wells is that you analyze the "core" on the fly, at the location with the geologist being onsite. The drilling tailings rise to the top and are separated from the fluid with a centrifuge and analyzed immediately. If you know the flow rates of your drilling fluid and TVD etc you can time exactly what tailings represent what part of the formation and depth....
Obviously I'm not sure if this is how this specific operation will work.
Not wrong, 1700m vertical can easily be drilled and cased in around a weeks time. I've done it many times, depends on the formation.
If you have all your ducks in a row, a rig can be assembled and the well spudded in a matter of hours! These wells are not anything special or difficult. Procuring the equipment and transporting the rig shouldn't of been an issue considering there has been months if not years of delays. We have seen pictures of the rig on the road near the drill site several weeks ago, so what gives? Is there access issues on the lease road? I recall a report about delays in civil work related to the lease road. Who knows. I just hope there isn't some technical issue with the rig considering Origin had many months to pre-commission and verify the rig functionality.
Setting up the rig and spudding is not so much news. Completions and testing is, Be patient.
I’ve worked the rigs and setting up is actually not that difficult, happens quicker than you’d think. Al of the bureaucracy hurdles are passed, its now time to dig. I’ve been a pessimist but going forward is nothing but optimism. Let’s just hope for a good rig and crew to get the job done.
Thanks to all for the continuous updates and information.
Much appreciated!
Unpopular opinion, but it seems the only be people on this board that have been right about anything so far are the "bad guys" (Nam, Big, and Poods). I appreciate the enthusiasm from everyone but being positive doesn't change reality.
I sincerely hope I have to eat my words.....tick tock....
Long time lurker, first time poster. Article of interest below.
Australian State Fast Tracks Review Of Second LNG Import Terminal
Wednesday, August 14, 2019, 7:32 AM MDT
Reuters
(Reuters) — Australia’s New South Wales government said on Wednesday it will fast track its review of a liquefied natural gas (LNG) import terminal at the port of Newcastle, proposed by a South Korean firm, as the state urgently looks to beef up gas supply.
The $430 million Newcastle GasDock LNG project, planned by South Korean firm EPIK, was declared “critical state significant infrastructure,” which means the project will not have to go to the state’s independent planning commission for approval, saving several months in the review process.
New South Wales, Australia’s most populous state, needs to boost gas supply from 2023 for both industry and gas-fired power due to declining supply from fields off southern Australia and the planned closure of a big coal-fired power plant.
Read the latest comprehensive and detailed natural gas and LNG coverage in North America and around the world.
Gas/LNG section
“This LNG terminal would significantly address this risk,” the state’s acting premier, John Barilaro, said in a statement.
The Newcastle GasDock project will still face a detailed environmental review before a final decision by the state’s planning minister, the government said.
“As it stands today, we are aiming to have all regulatory and planning approvals obtained within the first quarter of 2020, which would enable the project to begin importing LNG in the first half of 2021,” EPIK executive director James Markham-Hill said by email.
EPIK is vying with two other projects to bring gas to the state: another LNG import terminal, Port Kembla LNG, which has already received final approval, and the long-delayed Narrabri coal seam gas project, planned by Santos Ltd.
Newcastle GasDock, which could import up to 300 petajoules of gas a year, or about 6 million tonnes of LNG, is one of five proposed LNG import terminals vying to start up between 2021 and 2022 in Australia, even as the country overtakes Qatar as the world's largest LNG exporter.
New South Wales said the terminal could supply up to 80 per cent of the state’s gas needs.
That could mean the controversial $2-billion Narrabri project, which Santos has long said could supply up to half of the state's gas needs, might not be needed. Santos has said Narrabri gas would be cheaper than imported LNG.
All the import projects want to plug into a market where gas prices are soaring due to rapid growth in LNG exports, rising costs of production and declining output from older gas fields.
Markham-Hill said EPIK is talking to “multiple” firms interested in using its terminal for storage and regasification, but declined to say which companies.