Member Info for chickster

Iraq calling for emergency opec+ meeting to rebalance the market. Fingers crossed common sense prevails

8.82% up on my screen

As I understand it we never had any intention of developing the acreage if Icewine flowed as it would
take 100 's of wells. At best we would step out with one or two wells to prove the existence over the acreage. Big boys with deep pockets would have to step in at some point anyway

Courtesy of Spinefx
This is pretty cool stuff, only been around a couple of years but they are creating a Microbial DNA Finger Print, from soil samples to determine reservoir locations.

In the Haynesville Shale,

“The first map was 70% accurate; the final map is about 86% accurate in predicting where the reservoir is,” he said."

The savings are huge in both Seismic and drilling costs, critical in Alaska. Maybe we can use this next time?

http://www.petroleum****.com/pnads/393544026.shtml

Cheers and beers

I wholeheartedly agree Islayman. I have been here since 2015 and invested on the basis the company would prove up, sell up and move on asap. Nothing less than double digits will be transformational in my eyes.

Is it just one print for £141.83k or 2. It's showing twice on here?

Phrontist I'm watching and waiting but patience wearing a bit thin now.
Chick

I think GB switched focus becasue they were 25 miles off the sweetspot

All wells on the North Slope are fracced even conventionals aren't they?

We may be a small expolration Company but we have an enviable parcel of contiguous land. (assuming it produces of course)

Maestro1 Yep I emailed Dave Wall but didn't get an answer. He usually answers straight away so either he wouldn't or couldn't give a reply. His announcements are often criticised for lacking in detail, he does however say it as it is with no embellishments.

Hi Spinefx
You are correct.
400mmbo gross best estimate (144mmb net to 88E) across multiple stacked objectives.

Chick

Hi Jof
My understanding is that the 400mmbo relates to the Nanushuk play only but i may well be wrong.
Chick

Hi HH

Yes PANR rns on 21st December

regards

Chick

Spud date 1st February (unless I misheard).

“The next step, because we’ve spent a lot of shareholders’ money while the oil price was low, is to do a deal with an industry player. We’re going out there to see if we can get someone else to pay for the work that needs to be done.

“We believe the Icewine project is a very high quality asset. A farm-out process is under way to progress the exploration and appraisal program. We’ve set up a data room and we’ve got a number of interested parties and we’re confident we can get a compelling offer by the end of the year.”

Wall has every reason to be looking forward to 2019.

Hi Sprintman

Are you registered? it works fine for me.
Click on orange link then click on the 'ALASKAN VENTURE JUST WARMING UP'.

Leni is tweeting if you care to look

Oops! sorry for the spelling mistake - note to self to proof read before posting lol
Chick

I couldn’t attend the recent presentation at the Forge but have listened to the Vox markets podcast over and over again. No doubting the fact that the conventional has caught up with the shale in terms of size and scale and will/should be easier to monetise in the short/medium term either through farmout or in the case of Winx possibly revenue from production. However, I am really intrigued and excited by the Cascade project and feel this could be something very substantial in it’s own right – I am really looking forward to the final assessment and announcement of the 3d interpretation towards the end of the year. I like most here hung my hat on the HRZ being a success and was bitterly dissapointed at the outcome but the future really does look bright and not long to wait by the sound of it. Chick