Gordon Your right about "pointless " it's a good game .
Personally I like Bond movies better more Drama and excitement for an "old oilex Dog " like me ;)
https://vimeo.com/364436462
Ha Gordon
Me Researcher in Chief, that made me laugh :)
Afraid Im busy in the real world but Ive told everyone a few weeks back what my holding is and at what price.
My moneys on that Pre-Feasibility Report report from April 2019 , the old school know what i am on about.
Might take a few years but that what im betting on.
Of course given the real world a plan is one thing but delivering its another so I guess thats why Roland get paid.
Gla
How about Passion energy ?
Esoen .Thanks for the kind thoughts
Just decided to watch all the Bond movies as I recuperate
Bond "Everybody needs a hobby"
"What's yours "
Bond "Resurrection"
Reminds u of Oilex ;)
https://youtu.be/t10mNXtfdUw
I've had it to Alan
All good
Just don't like the being knocked out .
Though if there's no GOI news from oilex maybe I'll ask the Doc to Inject me again,Knock me out till the new year !! ;)
Watched telly in the hospital and all they were talking about on the news was places like India moving away from coal under COP26.
Fingers crossed Oilex can time News right .
Gla
Thanks guys
Just checked the calcs it 32 k at 21 .3 I have it's speed across accounts so I have to do the calcs and it's hard on your phone.
Anyway just sitting here reading great book Papillon by Henri Charriere ,it's a cracker.
I don't like the bit before op where they put u to sleep they say count to ten and by 3 I'm gone.
Anyway catch up in a few days good luck all and remember it's just money it can't make u happy on its own .
Gla
Hi Guys
I'm in for an op tomorrow at 12 noin
I have 32 k at 19.5 in oilex
Fingers crossed
If it doesn't work out well CE la vie the kids will benefit ,set my auto trades.
I guess there a whole new tranche of investors on board which is great to see.
But spare a thought for the poor bastards that have carried the touch for the last 10 years.
Dumb maybe but hey you gotta believe in something ;)
Gla
HI vacation
I think the prices that can be achieved for the Gas from the field is a hybrid of the Controlled price from say ONGC which i think is $3.80 and the LNG prices which are hitting $18 .
as you know theirs a shortage of gas and stranded assets in India because the state regulated prices provide little incentive to go explore.
I think oilex being Pre-nelp can set their own price or best price ,at least last time on the low pressure line they did when they sold to a local industry.
anyway I'm sure someone will correct me if i am wrong.
There's a few ways to skin an old cat
From wood McKenzie includes mature fileds how to extract value
1. New plays in new basins
These frontiers are at the higher risk end of the exploration spectrum. There is likely no infrastructure and not much of a supporting service sector. Prospects need to be chosen with extreme care – big enough to realise economies of scale and able to be developed and brought on stream speedily, whether a discovery is oil or gas. Fiscal terms and domestic political support can also be very important.
The first big success in a new basin can trigger a burst of follow-on drilling that quickly reveals greater potential. Some of the best basins proved since 2014 have already raced past 5 billion boe – Guyana (ExxonMobil), Egypt (Eni), Cyprus (Eni/Total) and Senegal/Mauritania (Cairn and Kosmos/BP) are great examples. Each are deepwater plays and share that golden characteristic of high value barrels – very high-quality reservoirs.
Next, read this:
Global exploration: 5 things to look for in 2018
Can exploration stay profitable in 2019?
North Sea exploration is making a comeback in 2019
2. New plays in old basins
A fresh approach can breathe new life into a flattening creaming curve. It may be fresh interpretation of the data, the application of new technology, such as better seismic, or an operator with a higher risk appetite. Success can rejuvenate a mature basin, and retain explorers tempted to move to pastures new.
Such plays rarely match the scale of the big new basins, though they can add a few billion boe. The emerging Norphlet sandstone in the US Gulf of Mexico is a good example. The Appomattox (2009), Vicksburg (2013) and Ballymore (Chevron/Total in 2017) discoveries, plus five smaller finds, together hold close to 2 billion boe (mostly oil) in an exceptional Jurassic reservoir. The combined NPV10 is over US$15 billion. Another is the Nanushuk play in Alaska where, since 2013, ConocoPhillips, Armstrong and Repsol have reinvigorated onshore exploration on the North Slope, finding close to 2 billion boe in five discoveries, with an NPV10 of at least US$5 billion. Total’s Brulpadda discovery in South Africa’s Outeniqua Basin, announced today, could be the next great example.
3. Old plays in old basins
CNOOC Ltd’s Glengorm discovery in the Central North Sea last month sits in the very heart of a long-standing trend of HP/HT fields like Elgin/Franklin (found in 1985) and Culzean (2008). At 250 million boe, it’s the UK’s biggest find since Culzean, and 25 times the size of the average UK find in recent years. We estimate Glengorm’s NPV10 could be US$0.8 billion. Smaller discoveries in mature plays can be high-value barrels easily plumbed into nearby field facilities.
How has Glengorm, mapped decades ago, lain undrilled for so long? Again, the answer is likely better prospect evaluation stemming from advances in technology, including seismic definition. Previous licence holders relinquished th
Best was the one who got thrown under the bus .
Years ago but still a whopper !
Adamsup the name gives chills even now ;)
Yes u timed that well Conger .
Well done
Read the article Gordon ,the cash no's are intresting .
Catch up soon
Public money will flow into it ,followed by pension funds etc .
Think wind power 20 years ago with an accelerated time scale due to climate change .
Here's a boring gov article that says how it will happen.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/819901/reuse-oil-gas-assets-ccus-projects.pdf
Of course who know the effect on SP ?
Gla
Yes true Gordon it's a wait for the drills but who knows what the future holds .
Some PIs think the SP will go down if no news and other think we will have enough news flow .
I suspect it will be a combination of both
By the way where is there mature gas fields in the UK?
Only ones I can see on Google are the North sea and Liverpool bay ?
???
In anticipation of the Government of India's (GoI) ratification of the Acquisition, the Company is advancing the various steps needed to recommence production from two wells (C-73 and C-77H); a further update will follow soon.
A further up date will follow soon ,I wonder will they turn on the old low pressure line to a buyer ?
Who knows.
Anyway good luck folks in the real world in busy busy .
But still love to pop in here for the chat !
Are moving so fast with tech it's amazing
I believe they can use salt water now
https://u.osu.edu/engr2367publicdocument3/alternatives-to-fracking/new-methods-to-fracking/
Which given our location would be good
Cheers Gordon
TBH I always thought the biggest risk after just getting the gas out was the use of fresh water in India.
But things
Here's the link if anyone wants to re read
https://www.investegate.co.uk/oilex-ltd/rns/core-analysis-and-review-confirms-cambay-potential/201708240700018446O/
Sorry Gordon
But that last article is a moot point for Oilex due to the Schlumberger Hughes report
I quote
The key observations from the expert core testing and optimisation analysis are as follows:
· The reservoir rocks have the essential characteristics for the development of suitable fractures required to increase exposure to the reservoir and to increase gas flow rates under production. This substantively removes a concern over relative rock strength in the Cambay being lower than many North American projects.