Member Info for bigspike

Check out the company presentation and cpr, it’s all there.... historically this basin has been prolific for oil exploration.

http://www.businessdayonline.com/pigb-ready-presidential-assent-senate-adopts-report/

I think they need to prove up 7-10bcf to warrant building the pipeline. I think this was mentioned in previous presentations...

Yes thanks. It would appear there are many options available. It’s annoying That GJ wasn’t more realistic with timescales, he only ramped best case senerio. Data gathering takes time and that’s what’s annoying investors.

Dual completion is a method used by eland oil and gas to produce oil from 2 stacked reservoirs. It's been working very well for them guys. Coopgare, would it be possible to fracture stimulate 2 reservoirs at the same time and then flow them through dual completion?

1. There are many tight gas fields in production especially in the US 2. Dempsey is a stacked reservoir, only 2 zones have been tested so far. There’s at least another 4 under the field producing level that have never been test before all gas saturated with pipeline quality. 3. Crc, well respected company with a proven background in the Sacramento basin are also currently testing similar aged sandstone reservoirs because they see value here. 4. Dempsey is 30 metres from the metering station so already has production infrastructure in place so Dempsey doesn’t need a huge flow rate to make it commercial and can generate cash in a matter of days. 5. Known field production reservoirs that will pay for the cost of the well, worst case senario. 6. The gas in Dempsey is pipeline quality, lower zones shut in pressure 6000psi! 7. Elogs have shown possible natural fractures and tulainyo has given porosities between 15-20%. 8. Calorfornia has a gas hungry market that will pay above Henry hub prices. 9. The US support the oil and gas industry through low tax. 10. If all lower zones flow subcomercial, sgc will fracture stimulate.

Spent

Thanks Chris, looks great. Just need the spud rns now...

Chris will you be in on the call? If so, would you mind updating the lse with the discussion post call please.

I wonder if the regulators will only approve a frack permit once sgc prove Dempsey will not be commercial from the deeper sands without stimulation. After all, gas production in the sacramental basin is normally conventional.

https://www.echoenergyplc.com/media/1389/fraccion-d-workover-schematic-v3_2pp.pdf

Yes kiwi very interesting. I think if the Cheviot development gets the FID, then Oulton will be on for sure. 64% cos.

Yes harts, the rig was being mobilised to test zone 3. I think this covers x1 & x2 sands. New completions will allow the operator to return to zone 1 & 2 if needed for stimulation. Zone 3 has improved porosities and reservoir characteristics and is thought to be a better prospect to flow commercially through conventional production. These sands are being targeted also by the tulainyo drill so it’s widely thought there is potential In these deeper Formations. I’m not convinced zone 3 is currently on test, I would expect a rns to confirm the rig was on site, completions changed and zone 3 successfully perforated first.

You really can’t have done any research into the colter drill. Colter will be drilled by Jack up and then tied back to existing infrastructure at wytch farm! No offshore production platform needed! Wytch farm makes colter very viable and very realistic. In fact if there is a subsea pipeline nearby it could even be tied into that, with the history of wytch farm is could be very feasable.

Oil is lighter than water so given the right conditions, oil can migrate updip through carrier beds. Exxon have found huge amounts of oil in their license and hopefully through the extensive 3D siesmic data Eco & tullow will be able to demonstrate potential oil migration paths into the orinduik licence. Cgx energy have a map showing the source kitchen area to extend out of the Exxon block under other licenses including the Orinduik license. Wells already drilled up the shelf have proven an active petroleum system is present, the risk lies with the reservoir seal / trap but the 3D siemic will Derisk this further And to a level where Total will be snapping eco’s fingers off. Gla. Massive potential here, bring on the drill!

Yes odd, the last week has had very little volume too. I’m surprised it’s dropped back to this level again!

Echo tweet- “With a renewed leadership and economic vision in Ecuador our LatAm Regional Manager - Andres Brockmann met the Ecuadorian Hydrocarbon Secretary – Francisco Rendon to discuss the process in the upcoming Intracampos bidding round”

Above average daily trading volume already! China news coming....

The strachan report gives good valuations https://www.empyreanenergy.com/wp-content/uploads/2017/09/Strachan-Report-EME-Aug-2017.pdf It's a little outdated now especially with regards to dates but much of it is still relevant.

Deeper wells further from the pipeline have flowed over short term up to 500mcf/d, so removing these plugs will potentially have significant upside.