Member Info for Blueballsnall

I think the Operations on the new wells will be performed quicker, we experimented on different drill bits ect, to find the best solutions for the shale, also the drought conditions held up the fracking by a fair amount of time, so with these issues resolved in the main progress should be swifter I would imagine

Well I've scrolled thro the docket for Cogcc meeting in March, the renegade requests for sections 31,32,33,34 no longer appear, highlands do.. along with True Oils request for increased wells on 15 16.things can change but looking positive to me.

HD, if they are targeting the A shale formation, could this also help unlock the renegade issue, as they would be earning from an extra 8 wells on the other land packages, so 24 wells instead of 16. Might be the cash boost they where looking for, with the other wells being put on the cogcc docket, should be about to get interesting

Nice one substp, maybe the board can be a bit more convivial now.2019 starting to shape up, come in BOD get your fingers out :o)

Sorry, he's not here despite all the protisations, in the past and in the future.. I can see the future :0)

If it costed $10000 a kg to remove isotope 39 from Argon, then I suppose $9000 kg is cheap. It's just not that easy to quantify the revenue ..is it?

I've tried to find out the cost of depleted Argon, but without any real success, only found it cost a fortune the remove isotope39. So let's hope for the best as to hide argon away for millions of years is one way of acheiveing it.so anyone got any guess at revenues if it's the right stuff.$200 ...$20000, a kg? Could be an interesting add on to the nitrogen play with a bit of helium thrown in.

Yes if Jasons men are made up of the right stuff we could well be claiming the golden flecce..

Hmm not much to disagree with in the post either. Thought it took more than one complaint to remove a post,multiple identies perhaps?

Yeah and the other gas pipeline(anadarkos) around just been decommissioned.

Wonder if Jason and his merry men will deliver

Keep an eye open on the cogcc meeting end of January, could be news on further 16 wells in ED, we're on the docket that

Interesting paragraph from that article......Water already accounts for about 15 percent of the cost of a shale well, according to analysts at Morgan Stanley. “In the Permian, total spending on water is expected to double over the next 5 years, to $22B, with E&Ps on avg using 50 barrels (bbls) of water for each lateral foot completed,” the investment bank wrote in a new report. “Assuming 10k lateral feet per well, this implies that the ~5,500 existing Permian well permits will require ~2.75 billion bbls of water to complete.”.... so not peanuts supplying water as someone has said on this BB...

I think it looks like 24 wells is now on the cards,would put to bed funding issues discussed on here, and the water units ready to roll

Yes Substp HNR s were pulled from the docket but put on hold, if there reappeared on the docket that sounds positive to me.

Renegade no gas line probably no water (liberty oil halted fracking due to the lack of it just down the road),no cash to deliver 16 horizontals,drilled one vertical on the land in all the years they've leased it,they also get a free carry ,for me just a case of do true oil make enough cash.

HNR were going to drill an injection in Montana to get dewater the Muddy Sand formation to stimulate gas flow this is a proven process, but now are trying to progress the sale of the water to nearby oil/gas wells in Wyoming, the water was said to be suitable for fracking ,so instead of being a cost it could become a revenue.

from what I recall, the time line stated of the wells was Dec to Jan, I'll go look again

Yeah don't know if it's possible for infill wells, as I remember reading we were using larger fracking areas. Be interesting to see if the existing well has increased flow rates.

Sub I thought it was the dispute with renegade,