Member Info for bigspike

http://africaoilandpower.com/2018/05/02/believe-in-gas/

I agree with you on echo, I’m in that too! Updates are always welcome but GJ should have made it clear the sands in this area are relatively tight, the chance of conventional commercial flows on a deeper well like this from a single reservoir were low and the timescale of assessing all reservoirs intersected by this well would take as long as it has. He ramped the best case senerio without being clear on the likely senerio. Never less, he has so far proved a lot of his concept but still quite a lot to do yet imo. No doubt once we have the flow results of zone 4 and from the field production levels he should give us a clear direction on fracture stimulation and when this well will go into long term production. This well will pay for itself at least, but imo the commerciality of this well and these large deeper reservoirs lies on the success of the fracture stimulation. This has been the play opener for many wells including the stacked reservoirs of the pinedale anticline crc have compared tulainyo too. GLA... let’s hope this is completed by Dempsey first bday!

2018 AND BEYOND Moving into 2018 we have already invested heavily in OML 40 and have plans for Ubima. The drilling programme on OML 40 has had some delays and complexities with the drilling unit. This issue although disappointing is not that unusual in a multi-well campaign especially with the rig having not been operational for some time prior to mobilisation. The program will continue with Opuama-9 and 10 for 2018. Further drilling activity on OML 40 is being considered for the Gbetiokun field development with the re-entry and completion of Gbetiokun-1 and the drilling of Gbetiokun-3 also potentially within 2018, subject to the various regulatory approvals being in place. Eland is also planning an exploration well on the Amobe prospect, to potentially be drilled in late 2018 or 2019. This large, robust, structure is similar to Opuama in structural style, shows structural closure over a vertical interval of 5,000 feet, and is located less than seven kilometres from the Opuama Flow Station. Best estimate prospective resources are assessed by NSAI at 78 MMstb, with very high upside potential, and the geological risk is low. Further drilling opportunities within Opuama are also a real possibility, building on the information obtained during the current drilling campaign. Similar to Gbetiokun, the exact timing of these additional in-fill wells is subject to the various regulatory requirements and approvals. Preparation work on well proposals, draft Field Development Plans and surface engineering concepts are well underway. These include new flow stations, pipelines and infrastructure centred towards enhanced evacuation opportunities. The potential for further wells on OML 40 to appraise and develop the other prospects around our hub gathering facilities are high on our priority and will feature more heavily in our 2019 programme. The scheduling for evaluation and production of Ubima 1 is planned for 2018, with full field development being scheduled for 2019. The exact details of the development will be subject to the results obtained from the Ubima-1 re-entry. Work is currently on-going with pipeline surveys to both evacuation opportunities to the south through the Bonny Oil Terminal and to the north east through Brass River Oil Terminal. We expect to finalise these studies prior to completing the Ubima-1 re-entry, and we still anticipate production from Ubima field to commence during 2018. The opportunity for a significant reserves upgrade from the results of Ubima-1 highlights the true value of this asset. The discussions around the renewal of the OML 40 licence began with our Partner NPDC and the DPR early in 2018. This process is expected to conclude within the next few months. This will enable us to firm up our long-term work programme and the required debt financing. Although the Company has not proposed a dividend in relation to the 2017 financial year, we look forward to reviewing our dividend policy in light of our improved fina

https://www.wyohistory.org/encyclopedia/jonah-field-and-pinedale-anticline-natural-gas-success-story https://pubs.geoscienceworld.org/books/book/2041/chapter/112381607/geology-of-the-lance-pool-pinedale-field http://www.ultrapetroleum.com/phoenix.zhtml?c=62256&p=irol-propPinedale "Ultra is utilizing surface pad technology to develop the field, typically drilling 20 to 25 vertical wells from individual pad sites strategically located across the field. Numerous stacked reservoirs in the pay interval make vertical wells the most efficient method of development. Multi-stage fracture stimulation completions, refined and improved over time by Ultra engineers, have resulted in increased well performance."

Let us know what your company is called gazza and we’ll buy some shares.

I think there still is quite a lot of work to do on Dempsey. We are waiting zone 4 flow tests, then possibly field level flow tests too. The current plan is to dual complete the well, not sure on the time frame for this, plus fracture stimulation and as far as I know the permit for this hasn’t been submitted yet. I remain hopeful of commercial flow rates from Dempsey and the results of the well will pave the way for the full field development plus lookalikes and Alveras. Sacgasco are pioneering the way for these large deeper stacked reservoirs, individually flowing these reservoirs so they can understand how the well will perform when the reservoirs are commingled and effect of possible back flow. This is a complicated well that needs a lot of data gathering before it can be finally put into long term production. So far this well has ticked many boxes, high pressure pipeline quality gas with no water, all reservoirs share the same gas it has the same source, zones 2 & 3 have flowed. Risk remains, let’s hope the wait will be worth it. success here will be massive news for all involved and for the basin.

https://www.onepetro.org/conference-paper/SPE-114184-MS

Yeah he’s a old holder, there’s a little history with him and mr knight

The sooner there is a clear strategy to make Dempsey commercial the better. Investors will return for hydraulic stimulation.

Jungle drums - news this week!

Jrlomax, I was wondering if the raise would be to fund additional acreage, iether that or the fracture stimulation and completion costs. Both would be good news and the fact this has been done prior to testing the production levels is also a good thing imo. The reservoirs they have flowed gas from are potentially large and these are the focus of proving their concept. It’s encouraging because It shows they remain confident in the Dempsey discovery.

The Ranger 1 well demonstrated carbonate exploration capabilities, Steve Greenlee, president of ExxonMobil Exploration Company. “This discovery proves a new play concept! As per schlemiel post, the active petroleum system has been proven in additional geological play, perhaps this has led to additional targets on the orinduik block too.

Lol, Kelly doesn’t miss an opportunity!

Last rns suggested they are planning a dual completion well to produce from multiple zones at the same time. I don’t think they are expecting the next zones to be commercial on their own, but the combination of a number of zones plus a frack then we might get somewhere. Essentially they are data gathering to optimise Dempsey and the full field development. The more reservoirs they prove flow, the better imo.

Gazza, orchy is correct. Expect news on China q2 2018. Then farm out this year, drilling 2019 all been well. Anything before this in respect to the China asset is a bonus.

Thanks grippa, sounds like quick cash generation.

Anyone at Newcastle last night? Any news?

ECR Minerals #ECR Savannah Petroleum #SAVP Eco Atlantic Oil & Gas #ECO Malcy on #SAVP #ECHO #SDX #RKH #FOG #ECO by Justin Waite @********** Posted yesterday under blogs.

Kelly, 3D siesmic interpretation is never rushed! There looking at at least 3 prospects....

A winner if hydraulically fractured*