Member Info for bigspike

ems 1001 encountered 2 reservoirs, the springhill reservoir and the Tobifera. The cpr has only valued the springhill so the Tobifera is upside.

For the Springhill alone, the Molino Sur well valued 11 MMBBLS NPV10, $69.8 net to echo.

However the well has encounterd an oil interval of 500meters in the Tobifera, E logs have shown 120m net pay with light oil just uin the Tobifera. The Tobifera is a new play for this concession but an emerging play for the austral basin. Other operators have been very successful in the area, however the reservoir quality appears to vary amongst fields, I have seen flow rates up 2000bpd on the san martin structure operated by Roch.

https://youtu.be/5H6mRPJbtQM On success of ems 1001, it will derisk a number of nearby prospects and can rival the potential value of Tapi Aike!

5-6 more workovers?

Can anyone recall how much spare capacity there is at fraccion c process plant?

GeoPark also re-entered the previously-drilled Sauce 1 well and deepened the well by 65 metres to a new depth of 3,260 metres to test the Tobifera formation. If the tobifera is proven in fraccion c, Fiona said there’s potential to open this up in fraccion D too. What’s interesting is, GeoPark re-entered an existing well and deepend it to test the tobifera. If the tobifera underlies much of the Springhill formation, echo could have some serious upside here by deepening existing wells! Just speculating but worth a thought....

The tobifera formation is producing oil and gas in the south of Chili too, not too far away. https://www.energy-pedia.com/news/chile/new-153822

At @echoenergyplc meeting standing room only as city analysts queuing to hear story from recent operations and visit to Argentina......

Versarien #VRS Xtract Resources #XTR and Malcy on #ECHO #ROSE #TRIN #ECO #EME by Justin Waite @**********

During May, the SM x-1001 well produced an average of 2,005 boe/d, 96% oil & 4% gas. That’s a cracking flow rate for an onshore well! Payback would be quick, indeed. Crownpointenergy intend to drill appraisal wells anytime. According to echo the tobifera formation is a complicated reservoir so not a dead cert by any means although the flow tests recorded by crownpointenergy are highly encouraging for the new play. Existing infrustructure nearby too.

http://crownpointenergy.com/wp-content/uploads/2017/11/CWV-Q3-2017-News-Release-final.pdf

During May, the SM x-1001 well produced an average of 2,005 boe/d gross (517 boe/d net and 1,034 boe/d net pro forma the Acquisition), approximately 96% of which was crude oil and natural gas liquids and 4% of which was natural gas.

Check this link out for flow test results of a well in the upper tobifera formation austral basin, nearby! Exciting, yes.... https://www.theglobeandmail.com/investing/markets/stocks/CWV-X/pressreleases/992239/

The last well intersected 2 reservoirs so echo have the option of simultaneously producing from both reservoirs through comingling or dual completion.

Rathole isn’t a proper troll because he can only comment on one asset. California has been taken on to generate cash flow quickly and that is what it will do. The cost of drilling new wells, working over existing wells is the cheapest you can find worldwide. The deal includes existing infrastructure that can commercially monetise the smallest reserves immediately and when you have a company such as rbd with a tiny cash burn the deal is significant. The combination of proven geology, low costs, all pre cash flow activity all meet rbd’s strategy.... Rathole, Stop boring us on California with meaningless comments on why xst dropped it. Looks like xst got caught up in the Dempsey 1tcf hype too, maybe they should elected to keep the sunset asset quick cash flow, you know no more than anyone else. Oil and gas companies drop deals and relinquish licences all the time, get over it!

Preliminary wireline log evaluation has now been completed, and a very significant hydrocarbon column has been interpreted between 1722m and 2220m in the Tobifera Formation. If hydrocarbon saturations across this section are confirmed, the preliminary evaluation might represent an interval of some 500m which could significantly open up the play for the area.

https://total-market-solutions.com/2018/06/20/indonesian-oil-gas/

http://www.worldoil.com/news/2018/6/18/empyrean-energy-completes-oil-migration-study-offshore-china

The block is awash with oil, migration from 2 source kitchens, 1 on block and spill points from adjacent discovery!

The findings from this oil migration study are very promising with effective potential oil migration pathways established into all three of our prospects on Block 29/11. Interpretation of the potential effective migration pathways from the established kitchen area - Baiyun Sag East - as well as from the new kitchen area - Baiyun Sag North - into Block 29/11 helps increase our overall understanding of the geology of the block and the Jade and Topaz prospects in particular. The additional work has also confirmed a potential oil migration pathway from the Liuhua 11-1 field complex to the Pearl prospect. "We have been rigorous with the pre-drill subsurface data and exploration tools available to us and we believe that the detailed and comprehensive technical work we have completed to date significantly reduces the geological risks to a point where we have established excellent drilling targets that are of significant size with relatively low geological risk." Fantastic news, it’s going to be a very busy data room!

PW says “Fortunately, we have a complete data set from this well which will allow us to quickly and accurately design a stimulation program for this, which we are confident will work."