Member Info for Awax

WR-B1 was initially drilled to a measured depth of 2,180m, encountering hydrocarbon shows HIGHER in the Middle Eocene reservoir than expected. Shows continued to INCREASE IN FREQUENCY & MAGNITUDE, but wellbore stability challenges required this section to be re-drilled. This was SUCCESSFULLY achieved, extending drilling of WR-B1a to 2,483m over a RESERVOIR INTERVAL of 478m! After careful evaluation of the frequency and magnitude of fractured zones penetrated, the subsurface team decided to call total depth, rather than extend the horizontal section further.
After encountering MULTIPLE shows and indications of hydrocarbon-bearing fracture zones, the well was successfully completed. A 7" pre-perforated liner with fracture-isolating swellable packers was set down to a measured depth of 2,161m and a 4½" slotted liner extends from 2,161m to 2,483m.
The reservoir was encountered within two metres of the prognosed depth, having utilised the latest 3D-seismic technology. Drilling operations were also optimised through the strategic partnership with BAKER HUGHES and the adoption of technologies, such as rotary steerable systems and logging-while-drilling.
Preparations for rigging down the ZJ40 drilling rig are now underway, to enable the INSTALLATION of the CHRISTMAS TREE over the wellhead. Once this operation has been completed, a production test will commence. A permanent downhole pressure gauge will be installed, with the aim of providing real-time data to OPTIMISE RESERVOIR PRODUCTION
The WR-B1a well is potentially transformative for Block, targeting an estimated 2.1 MMboe of recoverable oil and gas. In the event of a commercial well, production from the well will be tied into the Company's Early Production Facility for processing.
Block Energy plc's Chief Executive Officer, Paul Haywood, said:
"We are delighted to announce the safe completion of drilling operations on well WR-B1a, whereby zero LTIs were recorded out of a total 280,000 man-hours worked this year, against the added challenges presented by Covid-19. The operational team in Georgia has made significant progress with drilling operations on well WR-B1a, allowing the Company to now progress to the testing phase. ....... If the well proves to be commercially viable, which we hope to establish soon, Block could readily realise the return on its investment in well WR-B1a, having established Early Production Facilities, which will enable rapid monetisation of BOTH OIL & GAS.

Playing games indeed Jrlomax........happy to let this play out to flow rates with a low break even here and multi bag potential.

Oh and can anyone let me know which direction gas prices are moving............?

And still with only a market cap less than £20m, currently profitable on existing production and early tie in to gas system for new production?

Blantyreboy........watching closely tonight and satisfied with top ups in recent days. But will be Flumoxxed Farmer and a peaty Filey Bay Whisky for me!

Always a great idea to hoover up undervalued shares, however you can manage it. Don't believe anyone who says otherwise....it would be like believing a..........say politician?

https://www.medicaldevice-network.com/comment/gates-soror-mologic-social-enterprise/
Just a little reminder of the strategy of certain 'investors' in this sphere of testing and the fact that these little known investors might just carry some sway in the decision making of governments and faceless regulatory bodies.

They should offload their positions foc to long termers here as recompense for the stress caused.........then we may benefit from the forthcoming booooooooooom, when the stuff flows through the perforated liner?

https://twitter.com/BlockEnergyplc/status/1433011440374501379
Must really hurt them those big red letters? Now we await what's going on in the perforated tubing and what bubbles up to the surface?

EU contract news perhaps for AVCT with the manufacture being partially at Sand Hutton?

Selling out with the pipeline of news we have here is crazy........don't need my hat on here, to see that any drops now are well worth buying in to.

Abingdon in dispute with hmg but hmg still needs their production……..very wrong imho

Thinking the next few weeks are going to bring some very positive news stories. Plus as we head into the autumn the run for gold will begin. So I've topped up my holding these last few days as I feel Greatland will hit the positive headlines.......again. GLA

Home/self test and personal responsibility is the key........when the antigen tests lands this will be in orbit, excuse the pun please....

Even at just £1 this will have a market cap of £96m and will be a steal for such a large producer of LFT. No wonder so many bought into IPO at 90p+ and those of us who filled our boots at 30p are in the money.

On BioSure......ok who is next in line? Please form an orderly queue.........Two RNS this week?

Bit of discussion around how they gonna share out their production capacity. BioSure taken a big slice, but who has the next chunk? For sure those machines in Sand Hutton ain't half a rattlin!

He estado en Abingdon y todo está bien

Apparently he’s also fond of cheese?

Frustration got the better of me yesterday so a trip to Sand Hutton on the 843 had to be done. Hoped to catch a natter with Doris as she came off shift after lunches. She's now got an able assistant who works the afternoons and evenings. Like clockwork she was waiting at the stop for the 2pm bus. There has been lots of staff 'let go' she says and some having just had enough time to complete their induction. Lots of young kids she says....students etc on very flexible working patterns.

Bosses have been very angry about the whole thing she says, with a large order of new mugs just delivered yesterday after some recent destruction. Lots of meetings with men in posh suits again. Even the local MP popped in to offer his support. Someone has started a rumour they say, that they'll be recruiting again in September. "Hope they get some of those nice kids back......" she's keen on them getting help with funding etc. with studies at nearby York Uni.

I put it to her that the Bad Law Group might withdraw their litigation, bearing in mind the adverse publicity they were getting and the story I'd heard locally. But she said nothing had been discussed recently, even during the meeting they had when a colleague tried the 'glass to the wall' listening method.

They continue to have deliveries from Thorp Arch, though these have slowed in recent days. Apparently, they've reached the required level of stock now and are waiting 'the' decision. She'd been talking to a guy from packing department who was moaning, as he'd had to unpackage and re-package in new boxes, a whole load of stuff they'd packed in June. New leaflets to go in the boxes had arrived from the printers........in Spanish?

We talked a little more on the bus but is was just general chat, difficult to pick up any extra info with her mumblings muffled by her Union Jack covid mask. Not a lot of news then with the whole thing seeming to be on-hold pending the decision and any further legal moves by the spoilers.