Member Info for bigspike

Potential 100bcf in fraction D Once they prove 7-10 bcf, that will warrant a sales pipeline.

The price of oil is flying yet ELA's share price is dropping, unbelievble! Maxwell, where are these Gen sets?

FFS, Fraccion D! i'll shut up.

sorry that was badly written, i meant to say a potential of 100BCF in Fraccion C, yet to prove up!

Thoughts on when the rest of the 3D siesmic will be handed over to Total? I expected this month?

good luck to everyone invested, this is the start of a steady stream of news flow for the rest of 2018. Aim is crying out for a gusher an lets hope Echo gets there first. 3 work overs to start it off, we already know theres gas there! 100BCF in Fraccion D, 7-10bcf to warrant a 28km pipeline and a potential new well. 4 exploration wells with existing infrustructure and on success can be monetised very quickly..... Tapi Aike, already has seal, trap & charge and 41 potential leads, Bolivia and another potential asset, the list goes on.

if this first well comes in, the herd will start believing the story! #Sou2

I’m please Exxon are in Namibia too, the strength this company has is second to none.

permeability improves with improved porosities and the perm can only be measured through core samples or flow testing. Fracture stimulation also improves gas flow through improved communiaction. Yes theres risk but Dempsey has found pipeline quality gas at high pressure and this well is in the US, the heart of the fracking revolution. Oh yeah, its 30metres away from a sales line so can imediately generate cashflow. Even the extended well test generates cash flow, albeit very small at the minute so its a good job calorfonia pay above the henry hub price. Corporation tax in the US is very low.

Of course Rathole is invested, hes been here for ages. The next zone shares similar aged sands with the last but we know the prosoities are better and the saturated zone is larger. Tulainyo also shares similar aged sands, its encouraging that CRC also think these conventional reservoirs have potential of comercial production. This gas is pipeloine quality, needs no further process just piped strainght in sales. Theres no Doubt Dempsey will go into production and that cant be said for many wells on aim.

page 11 of the sacgasco report says zone 2 "currently on extended production test" zone 3 "testing in progress" I dont see how zone 3 can be "testing in progress" while still flowing zone 2.EME's last rns suggested they will inform the market on the commencement of flow testing zone 3. IMHO, in the last month, zone 2 would have been shut in while the rig has been ongoing with the completions scope. I am expecting an rns anytime now saying completions have been successful and flow testing zone 3 is starting, but I may be wrong! GLA.

The completions work will be time consuming, sgc adopted shift pattern doesn’t help! Next rns will tell us when flow testing is starting...

Empyrean CEO Tom Kelly commented, "We are pleased that the equipment to carry out the next stage of operations at Dempsey has arrived on site and look forward to updating shareholders in due course as testing commences."

check out sacgasco on twitter for tweets on the sacramento basin

Within Fracción D Echo has identified significant development, appraisal and exploration potential, both on the Cañadón Salto field and across the licence. The company initially estimates the block to hold up to 90.5 Bcfe Pmean, gross unrisked prospective resources, (62.4 Bcfe mid-case, 187.5 Bcfe high-case). Gaffney Cline & Associates. work over rig currently in transit to start an initial workover of 3 existing wells and the drilling, testing and completion of another well subject to results arising from the initial workovers. Satisfactory results from workovers will also lead to the acquisition of 230 km2 of 3D seismic.

Once China 3D siemic interpretation is complete eme will be looking to farm out the licence. Remember this is very a prospective licence and proven oil province, adjacent to a 1billion barrel discovery. The farm out will fund the drill. Mako is a proven resource with fantastic gas pricing, flow rates at Dempsey will be improved and immediately generating cash. News is imminent.

2 nice buys!

Wanger18, the geological chance of success is also very high. Check the info I pointed towards, off the top of my head it’s around the 70% mark but double check.

Thanks for your reply joe. I can see the pre and post stimulation flow rates on te6 through the rns’s now, not sure how I missed it first time round. Just watched will Holland presentation again and it’s even better the second time round. Will says in terms of value creation Tapi Aike is potentially the best asset he has ever come across! 3 historical wells on block and 1 just off has proven this asset already has source, migration, seal and trap, the uncertainty is reservoir quality. Well performance can be improved with horizontal wells and stimulation and it’s interesting that Will Holland used to be a frack engineer! Oh, and this has already been done by sound on Tendrara. Very exciting indeed. With a bit a luck there’ll be an additional 4 wells from fraction c in production shortly to help fund Tapi Aike. GLA.... great price to buy in at ahead of 3 back to back work overs and 4 back to back exploration wells. I’m looking forward to a presentation on echo’s 2nd birthday.

Are there any previous sou investors in here? If so, were Tendrara reservoirs tight? We’re those reservoirs fracture stimulated?