Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Yes we have farmed out 50% of project 4 but they are working on a larger farm out.
"GOGL is involved in advanced detailed farm-out discussions with national and major oil companies around a farm-in to the Dido Lilo and South Samgori Areas.
Commenting, Paul Haywood, Block Energy CEO said:
"This farm-out enables Block to combine and progress advanced exploration opportunities (800 MMBOE) with a capable and well-qualified operator, at de minimis cost, whilst allowing it to continue to focus on its core production and appraisal-led three Project strategy. This high-impact exploration opportunity also compliments the existing portfolio with very substantial upside which continues to attract the attention of major oil companies across the region.
GOGL have committed to a significant work programme that supports this exploration opportunity. The commitment to acquire and reprocess existing seismic on XIB will also complement our work within Projects I, II and Project III. The Company looks forward to working with GOGL, in the Didi Lilo and South Samgori Areas, as well as on a larger farm-out strategy led by GOGL."
That's exactly how I see it Hepseal. One more sidetrack and then the new well with multi lateral technology.
The rig might already be moving on to the next well location. Looking forward to the test results now. With a bit of luck we might be knocking on the door of 1k boepd with this well. We'll soon find out!
Totally agree spudsoil. According to the last interview and recent RNS then we will have 2 more drills before year end. So hopefully not waiting 7 months ;-)
Come on madman, get promoting bloe over on prd!
Is oil flowing??
I'll be happy with 3.5p on current drill success then 2 more drills this year . Come on Bloe!
What happens when we confirm 200+bcf of gas with Pat E 1 sidetrack? And we start the drill bit on project 4? Huge numbers indeed.
This week hopefully Rocky!
I think we will be at the business end of the drill now for sure!
Thanks for sharing Piscator!
Worth a punt at 0.75 but it's going to 0. What a fool.
Well done chesh! Drill must be a bit deeper today!
Https://youtu.be/FtRzDpZoFgw
This is to remind everyone what a blockbuster looks like. For your info Greybadger.
Nobody seems to have any idea how big Block is going to be. Any new tweets of the drill PH? :-)
Also worth noting is the April average production rate was reported as 620 boepd and yet in the Q2 update we had a 3 month average of 664 which would suggest we ended the quarter with a slightly higher production rate which bodes well for Q3. Let's hope we get a cracking success on this well then the 1k boepd initial target must be in reach! Looking forward to more Twitter updates this week!
Drilling progressing under a nice blue sky. Hope there's plenty of black gold down below ;-)
Thanks bits! Hopefully a spud RNS this week. Onwards and upwards, let's increase production over 1000boepd asap!!
Thanks bitsas, one way or another we know the spud is extremely close now! A nice solid 300boepd+ would work a treat.
That sounds great to me Hepseal. And at some point the sidetrack on Pat E 1 well will get the juices flowing:-)
Time to load up before next spud!! 3x new wells this year. Last one possibility multi lateral technology. 1.5k boepd by year end anyone?