PYX Resources: Achieving volume and diversification milestones. Watch the video here.
the share price is going up but remember a few days ago I said according to my calculations we are just above or entering that first zone?? perhaps we entered it and its this is the results? I posted we were just about entering it
hi
4:13 pm here
on the us market
I think its riiight where I said
wan to seeactual pumper trash in action? go to investors hub on the dsgt/andi boards....they pump trash.....this isn't trash but a solid business with great oppty,glad I could clear that up
pouring cement after setting surface casing is what is meant...wiping the hole means you pull up several stands of drill pipe and let cuttings fall back to bottom and circulate for a bit then go back to drilling....timewise we are halfway done so we are just entering that first zone according to my calculations,when I said zones are hard and tight im referring to the rock formations we have to drill thru,changing drill bits happends more often with those types of wells because the bits do wear out,bits used rock bits,button bits diamond bits each has its purpose
and the fact after they started drilling,then had to pour surface casing and let it set 24 hrs,and several times wiping the hole,meaning drilling,then pull up and let it circulate and pump out the cutings that do accumulate,and bit changes,aaaaaand the deeper you drill,the harder the formation is.....and drilling thru the seal is hard too....my calculations are we are just entering or entered the seal on the formation that says 20 million potential
https://thefundmanager.co.uk/uk-listed-stocks/petro-matad-ltd/
http://www.petromatadgroup.com/wp-content/uploads/2016/09/APPEX-2014-A-Barnwell-Mongolia-PetroMatad.pdf
same geology as chinas producing zones runs into Mongolia..see comparison???
yes! the seismic is good too,good chance for sucess
The company will be announcing well results once TD is reached.
Ed
so to say because nothing is pr such as hitting a zone and no oil found is stupid....perhaps they have but tight lipped til done just like they said here.....so grow up and let this sink in before becoming girly men
where do you see that symbol mroi6?
no cacaman...you...yes you weren't satisfied with your sniveling little bach so you went further and said might even be 85 % chance of failure.... where did you get your engineering degree?? your a little whiner,perhaps you and fundboy should be hired as consultants so you can tell them exactly where to drill??? send your resume' to them....go for it,all they can do is laugh!
4 and 5...see slides 10/11
http://www.petromatadgroup.com/wp-content/uploads/2018/02/Nape-2018_J-Tully-Mongolia-Petro-Matad.pdf
fail?? really?? perhaps hey should hire YOU....yes YOU as a consultant being you can peer into the ground and see theres no oil,and all those engineers can be out of a job being your just the greatest thing since toilet paper
only that core samples were drilled in that same blocks as wild horse and S.L. ...and there was this...from what I posted below:
Based on the two deep core-holes, which had oil shows and from the analysis of outcrop samples the primary petroleum system identified in these blocks is well defined
Blocks IV and V
Blocks IV and V, located in the undrilled frontier area of western Mongolia, have been systematically evaluated by the Company using international E&P industry techniques.
The initial exploration work commenced on Bogd Block IV and Ongi Block V in 2009 with the acquisition of regional gravity data and acquisition of reconnaissance seismic lines across the potential basins identified by the gravity data. These blocks had never previously been seriously explored for oil and gas; consequently, there was no subsurface information of any description. The early exploration work identified potential basins; and exposed outcrops at the basin margins provided the easiest way to collect data on potential reservoir and source rocks. Exploration field work resulted in the discovery of world-class oil shale deposits, which demonstrated the existence of potentially rich source rocks across the blocks.
The Block IV and V database consists of 4,400 kms of 2D seismic, 200 km2 of 3D seismic, 11,000 km2 of airborne acquired FTG & HRAM, the first acquired in the region; continuous core recovered from drilling of two deep stratigraphic holes (3000m total; 1400m and 1600m each); data obtained from extensive field work campaigns; and analysis of samples collected from various sites in the blocks.
Based on the two deep core-holes, which had oil shows and from the analysis of outcrop samples the primary petroleum system identified in these blocks is well defined and is directly analogous to the Upper Jurassic-Lower Cretaceous systems that have been proven in basins of eastern Mongolia (Tamtsag, East Gobi) and eastern China (Hailar, Erlian, and Songliao). Petro Matad’s exploration work has also revealed potential for a second, deeper petroleum system, Permian-Triassic in age, analogous to the prolific systems of the western Chinese basins (Junggar, Santanghu and Turpan). The 2015/2016 seismic and FTG & HRAM acquisition programs were focused on high-grading prospective basins and maturing, and de-risking leads into drillable prospect status. Seismic shot in 2017 and 2018 has added to the extensive data base and led to the definition of a portfolio of more than 50 prospect and leads in Blocks IV and V with a number having been matured to drillable status. Two basins opener wells will be drilled in 2018.
http://www.petromatadgroup.com/operations/blocks-iv-and-v/
heres part of the answer
some are willfully forgetting coreholes were drilled in those blocks and theres what there??? come on....don't make me do your homework for you.....what was found there to make mike say its frontier exploration without the frontier ...what???
come on....say it....SAY IT!!