Member Info for davidblack

The bureaucrats get paid whether there is gas or not might be the issue.

They are not that shallow 6,000 plus feet.

And they could surprise!

Not a big issue as the Health and Safety sign off period is covered by the drill operator.

Given that drill is going to be working with 100s of millions of cu feet of high pressure gas it’s probably not a bad idea that it be brought back up to full signed off code before it’s allowed to work? Also it’s been idle for quite a while and drills deteriorate when unused for long periods.

Sadly Smasher as you know TXP are not even a party in the “Coho isn’t hooked up” situation they are bystanders between an ego fight with Shell who think they are still the decision makers and NGC, a less than nibble State entity currently mired in competency questions after they blew $250m on the Atlantic 1 plant.

Those two “Fat ageing boxers” just need to slug it out to see who gets to decide, ironically neither as the shortly to be unveiled Cascadura development will overshadow Coho and any disputes which will in the end the catalyst to get Coho done.

But probably that hook up will only happen if TXP undertake to drill Coho 2 and 3 with Shell getting that gas.

At least the current price hikes on Gas means that price shouldn’t be the issue?

Drilling massive sulphides is easy, the hard stuff is getting through loose rock.

Sorry no idea but in mining exploration the “Drill finished in mineralisation” is a phrase to watch out for.

Hence why it caught my eye.

“with wireline logs indicating that the well was in hydrocarbon pay at total depth.”

So there is a bit more spice to be added to the stew at depth!

I will check with my source but Lol interested in a farm out would be very interesting.

Rio Claro was taken back as the current holders never got close to achieving their commitments.

Maybe they haven’t processed all the paperwork but LOL lost that ground.

Rio Claro adjacent to and north of Royston was not included in the ground up for tender.

Clearly Heritage want to get the full story on Royston before they make any decisions.

It’s structured like this to give Rotunda “Earnings” which suggests they may have tax losses to offset but can’t use rental income from a different kind of business to offset those losses with. Just a guess but one that I have seen a couple of times before personally.

Also for EQT if the “Rent” is a profit share it means it doesn’t start until the plant becomes operational.

Margin321 in Canada posted this Re Chinoook:

“The Chinook story is not finished. First there is the Cruse - 30 feet of gas but over huge area. Maybe can be drained with horizontal wells but NO fracking and those wells will produce for years.

Second they did misread the increased reflectivity on the wireline logs.

That is because Cascadura 1 and Cascadura ST blew out under very high pressures and they almost lost both wells.

So they used very heavy mud which kept what they though was gas from flowing freely. Turns out it was water. But that story also not done. There was light oil present and there are up dip areas under the same sealing structure that are 1200 feet high. If there is light oil and water 1200 feet from the top of reservoir, there may well be commercial degree of light oil at apex of reservoir.”

Almost as if he has been talking to someone who has a clue!

Information Re Royston is going to be skinny until that round is completed.

Yep a 20 inch pipe was supposed to be the solution for Chinook and.

So with only Cascadura to service at this point that’s a humping upgrade to their production expectations.

No given that Kibo is also an Irish Company

Have a look at yesterday’s presentation I think the Royston map has been improved in light of the seismic which we now know how far north they went

Anybody have an idea about how many more failed gasification plants are out there to be had?

There is an interesting set of conflicts of interest in the Coho 2 & 3 wells being drilled discussion.

Firstly Shell would like the gas for its customers whilst the NGC would like to take that gas to the Atlantic customers as they have just blown $250m trying to save Train 1, following some questionable political pressure having been applied.

Secondly the Heritage probably would prefer Cascadura development where they can probably pressure TXP to fund all the drill costs against Heritage’s future income from those development wells. If Shell get Coho 2 & 3 gas then the Heritage money would be paid to TXP as operator who would then be free to recover any of past Heritage obligations as yet not paid.

So both NGC and Heritage are probably rooting for Cascadura.

Ironically therefore Shell’s actions may well be in TXP’s medium term interest?

Interesting challenges for Mr Baay!

5.25p please

It’s now September so the contract season is underway between now and the 15th Dec.