GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
I'll re-write the last comment. Somehow managed to hit post whilst typing
AJW - Expecting some TR-1's. About 80m of the placing shares are in unknown, hopefully sticky, hands. About 20% of the total shares in issue.
bear0429 - yep definitely a false start
Ian's twitter screenshot:
https://twitter.com/croasdale01/status/1138443911955984385
bear0429 - Dean Clark holds 10m shares. After the share placing he now has <3% of BLOE shares, so has disappeared off the leaders board on the website (he was still showing yesterday pre the update today)
He RNS'd his 10m last week (he held 8.3m previously).
https://www.investegate.co.uk/block-energy-plc--bloe-/rns/tr-1--notification-of-major-holdings/201906051028062198B/
Hope that clarifies
… and elsewhere whilst waiting for news from the East Riding and California...
2 year extension to the Parta exploration licence granted, so key condition for the Parta Energy Pty Ltd farm-in met
http://adx-energy.com/documents/two-year-extension-for-parta-license.pdf
In summary - with a lot of help from google translate,
1. the applications received were opened on the 10th April
2. Based on the recommendation of the Tender Commission and the Head of the Agency, the best stated:
- VIIA License Block - "Georgia Oil and Gas Limited";
- XIII license block - "Georgia Oil and Gas Limited";
- XIV License Block - "Georgia Oil and Gas Limited";
- XIA license block and area comprising IXA, XIK, XIL license blocks - "Georgia Oil and Gas Limited".
3. The company has presented the documentation and bank guarantees required
trytryandagain - Good to see. They can take out a few swampies with those bull bars on the way into the site..
Hat tip to Alexios1201 on twitter:
https://twitter.com/Alexios1201/status/1137370851031035904
levistubbs - definitive answer to your question on tuesday about how close Crown was to the new UOG blocks - its 10km.
From UOGs twitter (5/6/19) - 'Delighted with award of four North Sea blocks only 10km away from our Crown Discovery in a highly prospective region close to the Marigold & Yeoman discoveries & substantial Piper, MacCulloch & Claymore oil fields. Multiple targets & plays make this an excellent acquisition'
The drill's ongoing and clearly taking longer than the estimated 40 days given we've had constant observations via share-talk, this and the UJO board, locals, swampies etc. Given the kit that's been arriving & assembled in recent days, its pretty obvious they are v close to the 'business end' of the drill. S&S will provide an update when there is anything to report not to give a running commentary, the same as with every RBD drill.
.. Inner Moray Firth (North) .. from UPL
'In IMF North the blocks form contiguous acreage located nearshore to the NE Scottish coast, 135 km NW of Aberdeen, in an average 30 metres water depth.
Block 11/24c block contains the Knockinnon Beatrice age oil discovery which is located approximately 8km off the Scottish coast, and 7km south of the Lybster Field. It was discovered by well 11/24a-2 and its sidetrack 11/24a-2z, drilled in 2000 by Talisman and is estimated by Corallian to contain 8 MMbbl Pmean recoverable oil. The nearby Forse Channel amplitude anomaly is estimated to contain an additional 4 MMbbls oil recoverable from Upper Jurassic "Buzzard" aged sandstones. The prospect is considered to be low risk for finding hydrocarbons as it is defined by a DHI on the seismic volume.
Underlying the Knockinnon discovery is a mapped sub-thrust footwall anticline (the Alpha prospect). The block also contains the Whaligoe (extending to Block 11/25b (split)), Camster and Camster south prospects, which are downthrown against the Great Glen fault system. Block 11/23 contains the Dunbeath prospect, a Beatrice level three-way upthrown fault bounded trap.
Within Phase A of the Innovate licence, 3D reprocessing is required followed by a drill or drop decision within 3 years.'
.. Inner Moray Firth (South) .. from UPL
Within the IMF South area, Block 12/27 (split) contains a substantial prospect located updip of a gas column intersected by well 12/27-1 (drilled by Burmah in 1982 and 1983) in Middle Jurassic Beatrice Formation sandstones. The well flowed 9.5 MMscfg per day on a 40/64" choke from a 14m interval at 1,109m MD. The tested gas was almost pure methane (98.6%) but the reservoir was also oil stained. Corallian interprets the structure drilled by 12/27-1 to have been oil charged to structural spill and to have spilled updip to a series of tilted fault block closures on the Central Ridge culminating in a gas cap which has a DHI (direct hydrocarbon indicator) amplitude anomaly.
This Dunrobin Prospect covers 33.6 square kilometres and has a Pmean prospective recoverable resource of 187 MMboe. The smaller Golspie Prospect, a separate fault block also updip of 12/27-1, covers 4.2 square kilometres and has a Pmean prospective recoverable resource potential of 21.5 MMboe. The primary reservoir intervals for both prospects are sandstones of the Beatrice Formation and Dunrobin Bay Group as intersected in well 12/27-1 where reservoir quality is good to excellent. Corallian estimates the geological chance of success for the Dunrobin prospect to be 34%, and the Golspie prospect to be 43%, with the main risks being cross-fault seal and oil preservation at shallow depth.
Within Phase A of the Innovate licence, the joint venture must complete 3D seismic reprocessing and make a decision to drill or drop the licence within 4 years.
More info the English Channel blocks adjacent to Colter block 98/11a from the ADL/BOIL RNS'
'Block 98/12 contains the eastern portion of the Colter South discovery, a rotated fault block with Sherwood Sandstone reservoir which was drilled in a downdip position by well 98/11-1 in 1983, and recently confirmed as a discovery by the Corallian operated 98/11a-6 Colter appraisal well. This well encountered 9 metres of gross oil pay in Sherwood Sandstone and the prospect contains an estimated mean recoverable volume of 15mmbbls prospective resource, 30% of which is located on Block 98/12. Block 98/12 also contains the Ballard Point East Prospect which is a structural high mapped at Penarth level, along strike from the Ballard Point discovery. The prospective reservoir is Sherwood Sandstone.
Block 98/11b contains the Ballard Point discovery which was drilled by Gas Council Exploration in 1984. Well 98/11-2 flowed 9.6 million standard cubic feet of gas per day with 170 barrels of 45oAPI condensate from Triassic Sherwood Sandstone. The appraisal well 98/11-4,4Z drilled in 1987 tested oil at low rates (c.180 bopd equivalent) from just above the oil-water contact in the Sherwood, and gas at low rates (25,000 - 50,000 scfg/d) also from the Sherwood. This well appears to share the same fluid contacts as 98/11-2. Block 98/11b also contains the offshore portion of the Purbeck Prospect which comprises the Purbeck anticline, the northern flank of which anticline was drilled by the BP Southard Quarry well in 1989. This well encountered hydrocarbon columns in the Cornbrash similar to those encountered at the recently drilled 98/11a-6Z sidetrack, and in the Lower Jurassic Bridport and Triassic Sherwood Sandstones. The hydrocarbon phase is uncertain due to mud losses while drilling. The southern flank of the anticline contains a bright amplitude anomaly at Bridport Sand level.
In the southern portion of 98/11b and 98/12 three leads have also been identified on sparse 2D seismic data, south of the main inversion zone. These leads have targets at both Bridport and Sherwood levels.
Within Phase A of the Innovate licence the joint venture must make a decision to enter into Phase B for new seismic acquisition or drill or drop the licence within 3 years. '
.. and from ADL/BOIL re the English Channel Blocks.. (it would be nice if RBD's RNS' could be a bit less minimalist)
'Block 98/12 contains the eastern portion of the Colter South discovery, a rotated fault block with Sherwood Sandstone reservoir which was drilled in a downdip position by well 98/11-1 in 1983, and recently confirmed as a discovery by the Corallian operated 98/11a-6 Colter appraisal well. This well encountered 9 metres of gross oil pay in Sherwood Sandstone
and the prospect contains an estimated mean recoverable volume of 15mmbbls prospective resource, 30% of which is located on Block 98/12. Block 98/12 also contains the Ballard Point East Prospect which is a structural high mapped at Penarth level, along strike from the Ballard Point discovery. The prospective reservoir is Sherwood Sandstone.
Block 98/11b contains the Ballard Point discovery which was drilled by Gas Council Exploration in 1984. Well 98/11-2 flowed 9.6 million standard cubic feet of gas per day with 170 barrels of 45oAPI condensate from Triassic Sherwood Sandstone. The appraisal well 98/11-4,4Z drilled in 1987 tested oil at low rates (c.180 bopd equivalent) from just above the oil-water contact in the Sherwood, and gas at low rates (25,000 - 50,000 scfg/d) also from the Sherwood. This well appears to share the same fluid contacts as 98/11-2. Block 98/11b also contains the offshore portion of the Purbeck Prospect which comprises the Purbeck anticline, the northern flank of which anticline was drilled by the BP Southard Quarry well in 1989. This well encountered hydrocarbon columns in the Cornbrash similar to those encountered at the recently drilled 98/11a-6Z sidetrack, and in the Lower Jurassic Bridport and Triassic Sherwood Sandstones. The hydrocarbon phase is uncertain due to mud losses while drilling. The southern flank of the anticline contains a bright amplitude anomaly at Bridport Sand level.
In the southern portion of 98/11b and 98/12 three leads have also been identified on sparse 2D seismic data, south of the main inversion zone. These leads have targets at both Bridport and Sherwood levels.
Within Phase A of the Innovate licence the joint venture must make a decision to enter into Phase B for new seismic acquisition or drill or drop the licence within 3 years. '