Member Info for Brombarb

SaintAnthony the accepted conversion factor from vertical test well to horizontal is more like 15 - 25 times. " So we can get 100, 150 - that�s possibly a question someone might have asked about our expectations. How that extrapolates into horizontal well performance, it�s 15 to 25 times. So that should give you some idea of what we want to get." DW Sept, 2016 The article is very much about the benefits of drilling conventional reservoirs rather than shale I believe.

cadellin I am looking forward, can't change the past :-)

wiki88 updated O & G page http://88ewiki.wikidot.com/drilling

SaintAnthony http://www.oilfieldwiki.com/wiki/Directional_drilling

Danny 14:12 ?

SP creeping upwards again :-)

well I got it wrong with the other Gary, no I was in B & Q being stalked by the wife :-(

Phrontist I simply go with the company line that the HRZ is a 50/50, if it was not we would have the big boys in already I believe. Research has shown me the folly of armchair experts trying to predict how the shale & oil will behave, the calculations for imbibition / wettability alone are mind boggling and we simply do not have all the data. After all how many fracced volatile oil wells are there on the North Slope for us to compare against? We will see the truth in June or July. On a general note I think most here are optimistic but quite aware that the HRZ may or may not flow to the minimum 80 barrels that DW mooted. However I and I think an increasing number believe that we are blessed to have the conventional projects also to mitigate.

Red there will be a lot of happy investors who bought in after the mugs bailed out last September, saw plenty of clever guys in ASX who mopped up the cheap shares and in particular the options, what was is 1.1c to 0.4c? The historical evidence is clear for those who wish to do a little analyse based on our drills to date, OK history does not always repeat but at near $80 oil the appetite will still be around and I expect some FOMO as we near flow testing how much is any ones game. I always think back to the Repsol announcement in the early days and the impact it had on us, plus think about Great Bear, they are not fighting with DOG to keep leases and agreeing to bonds for nothing, they have had three years or more to analyse results, look at LIDAR and 3D and struggle to keep going financially, but they must see value.

Pipster I would look at pages 10 to 13 of the Feb presentation and in particular the factors to be resolved, a big positive is if oil can stop at present $ rates per barrel. If you have serious doubts about COS and can articulate them then do so, to invite debate without proffering any reasons as to why other than just "for the sake of argument..and for a little balance", is that enough? Not certain why people keep going about balance, this is in general a well researched board I am not sure how many posters are unclear about the risks involved here.

Phase-III of work could be undertaken to include sidetracking, deepening the well or drilling a lateral horizontal leg to further evaluate targeted horizons. Such additional drilling and testing would most likely be conducted during the 2018 season. After completing the testing program or any subsequent activities related to the Icewine-2 horizontal (IW-2H) leg that may be undertaken in 2018, both wellbores (Icewine-2 and Icewine-2H) or any other wellbore that may result from additional exploration and evaluation work, will be plugged and abandoned following Alaska Oil and Gas Conservation Commission (AOGCC) guidelines. http://dog.dnr.alaska.gov/Documents/Permitting/NorthSlope/OperationPlans/2016/LONS-16-006-AEA-Icewine2WellOpsPlanApproval.pdf

Garry 75% oil saturation :-) Is that the ASDA by B & Q & Sainsburys in Aberdeen?

moneyhawk industry and those investors involved with oil will understand. old article but still relevant. https://www.epmag.com/shale-oil-well-tests-appear-misleading-some-investors-780376#p=full

if you want some historical evidence as to how the SP may behave then look at timeline link, not updated since 15/05/17 but Icewine#2V drilling commenced 24/04/17. During early part of drill we actually went down. http://88ewiki.wikidot.com/timeline:timeline also FT interactive chart. http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary-chart.html?fourWayKey=AU00000088E2GBGBXASQ1 Very difficult to predict when SP will start moving here.

changes afoot, getting warmer almost T Shirt weather :-) https://www.timeanddate.com/weather/usa/prudhoe-bay pictures of Halliburton camp this time last year, lovely ! https://www.facebook.com/pages/Halliburton-Deadhorse-Alaska/168295586515793

good morning everybody keep smiling and stay appy, particularly when posting. XXXX to the ladies https://www.youtube.com/watch?v=-vtO_0-1xQg

brent $79.18 (08:49) http://www.livecharts.co.uk/MarketCharts/brent.php

only 7.2M or 0.13% traded overnight with CHI-X being the main man! very slight fall in ASX to 4.1c (~2.3p). glass half full view no stampede to get out :-) glass half empty view no stampede to get in :-( Mkt cap $233.4M ASX(close) 4.1� 2.38% down Volume3.464M Chi-X(close) 4.1� 0.00% Volume3.717M

Jiddy if you are talking to me, think I made it plain, absolutely no way :-)

so how does it work for those investors currently above water because they invested early or astutely but have never derisked. Ultimately its the same parc, some play it well, some not so well don't confuse it with the chances of the project succeeding either totally or segmentally.