Member Info for Ducati2

Limiting water production

Mechanical or inflatable plugs are often the solution of choice for the near-wellbore problems:

Casing leaks
Flow behind casing
Rising bottom water
Watered-out layers without crossflow
These plugs can be deployed on coiled tubing or wireline to ensure shutoff in cased and openhole environments. When the wellbore must be kept open to levels deeper than the water entry, a through-tubing patch may be deployed inside the casing. One technology involves placing a flexible, inflatable composite cylinder made of, for example, carbon fiber, thermosetting plastics, and a rubber skin opposite the area to be treated. A pump then inflates the sleeve and injects well fluid, which heats the resins, turning on the polymerization process. After the resins have set, the sleeve is deflated and extracted.

Rigid gels are highly effective for near-wellbore shutoff of excess water. Unlike cement, gels can be squeezed into the target formation to give complete shutoff of that zone or to reach shale barriers. They have operational advantages over cement treatments because they can be jetted rather than drilled out of the wellbore. Commercial gels can be bullheaded into the formation to treat problems, such as flow behind casing and watered-out layers without crossflow, or they can be selectively placed in the water zones using coiled tubing and a packer.

Certain crosslinked polymers can also have long working times before becoming rigid. They are injected into small faults or fractures but only penetrate formations with permeabilities greater than 5 darcy. Large volumes (1,000 to 10,000 bbl) of these inexpensive fluids often successfully shut off extensive fracture systems surrounding waterflood injector or producing wells.

Stand and deliver!

I'm the dandy highwayman
Whom you're too scared to mention
I spend my cash
On looking flash
And grabbing your attention
The devil take your stereo
And your record collection
The way you look, you'll qualify
For next year's old age pension!
Stand and deliver
Your money or your life
Hoh!

Job, I do believe that those older wells had targeted oil and not Gas, also the drilling techniques used were substandard as TE-5 drilling also. At the time of the early wells being drilled they were drilled overbalance and I believe with heavy bayrte blocking up the reservoir pores. Not until Sound drilled TE-5 with the underbalanced techniques did it flow? Maybe ddboy can add something to this?

The older wells could hold Gas,it was my understanding that it was the state of the wells casing that could prove a problem for Sound and it would be costly to carry out possible workovers and drilling completion.

.....My Coro shares yesterday and added more Sound, either way I will be out. Looks as if maybe more could be selling Coro shares today and topping up Sound soon?

https://lematin.ma/express/2019/projet-vente-actifs-maroc-sound-energy-mandate-rothschild-co/316428.html
The gas explorer Sound Energy Plc has just mandated the consulting firm Rothschild & Co to market its Moroccan portfolio for an evaluation for the sale of its assets in Morocco. The objective is to be able to monetize its projects located in the east of the country before the "final investment decision" (FDI) of the group, stipulated in the oil agreement that binds it with the Onhym, and which will take place late 2019, according to our information. According to the FDI, the explorer will have to bet his share (75%) of the planned investments within the framework of an ambitious program of drilling, the rest will be brought by the Moroccan Office. For the moment, the operations, including the drilling of the well TE-11 have been suspended, pending the conclusions of Rothschild & Co. The latter will have to submit several options to Sound Energy: partially sell, withdraw totally or operate a joint venture with a foreign partner.

Local Fire Brigade just turned up, someone just mentioned a Fire sale!

Let's see what little we can salvage.........

Think this change has been made because of TE-10.........Who could it be..........

Board Change

Sound Energy, the Moroccan focused upstream gas company, announces that David Clarkson, a non-executive director of the Company, has informed the Company of his intention to step down from the Board after completion of the Company's ongoing operational programme in Eastern Morocco, which is expected to complete towards the end of H1 2019.

He will remain on the Board, to assist the Company during the transitional period around the appointment of a new non-executive director, until 13 August 2019.

The Company has commenced the process of identifying a new independent non-executive director and anticipates making an announcement shortly.

12. What are Schlumbergers thoughts now after TE-10.......??

So another one down the pan JP, what can you do now to salvage the company from the Morrocan desert........

Well like so many others on here i invested my hard earned in the AIM casino, and my number has not come up. How long now another 18 months or a quick fire sale by JP, I think its time to pull that rabbit out of the hat and start plan B if we have one. Hoping for some good luck eventually and all holders claw back as much as they can. Who could of seen TE-10 another failure...... Of course Jez.

Was waiting for an after hours RNS replacing BM with the psychic Jez, what an addition to the company.........think he has totally lost it..........Jez that is.

https://www.africaintelligence.com/reseaux-d-affaires/2019/05/20/oil-companies-ready-to-do-battle-over-future-of-leading-african-refiner-samir,108357647-ge0

Morocco's SAMIR refining company will find out on July 18 whether it is to be taken over or sold off piecemeal. Its 200,000-bpd refining capacity interests several major companies, notably BB Energy and Glencore, while Spain's Cepsa and Morocco's Afriquia are both keen to get their hands on its storage facilities.

https://www.challenges.tn/economie/maroc-securite-energetique-en-danger/

Morocco depends on imports for all fossil fuels, which has "obvious repercussions" in terms of energy security and national economy, observes the International Energy Agency (IEA).

Fossil fuels occupy a prominent place in Morocco's energy mix, with almost 90% of the total primary energy supply (ATEP) and 80% of the electricity supply.

In 2017, oil accounted for 62% of the ATEP, followed by coal (22%) and natural gas (5%), says the IEA in its report on the 2019 energy outlook.

In 2017, the energy import bill was $ 7.3 billion, the IEA said, adding that domestic production of oil and gas to date remains "negligible", but the oil and gas exploration program managed by the National Office of Hydrocarbons and Mines (ONHYM) encourages upstream investments.

The discovery of gas in the area under license of Tendrara by the British Sound Energy, as well as the exploration in deep waters by the Italian Eni, give hope for promising developments. In addition to crude oil, Morocco now imports all of its petroleum product needs.

Samir, the only oil refinery still in operation in Morocco, was placed in bankruptcy in 2015. The non-use of oil storage facilities of the Samir refinery, as well as the non-respect of oil products distributors of their obligations to store petroleum products for several years underline the need to improve the security of supply of petroleum products, recommend the authors of the report of the IEA.

For the IEA, the closure of Samir has "obvious repercussions on the security of the oil supply", and Morocco is therefore "increasingly exposed to the risks of the global supply chain, with coverage less than the legal minimum for all products ".

In order to strengthen oil supply security arrangements, the government will need to improve data collection mechanisms for oil stocks and ensure the future availability of oil storage tanks at the refinery, the report suggests.

The supply of Algerian natural gas will depend on the decision that will be taken to maintain the agreements on the Maghreb-Europe gas pipeline and to extend the current agreement beyond 2021.

In the long term, Morocco, which plans to increase the share of natural gas, plans to use several new gas supply routes, including imports via a shared gas pipeline with Nigeria, as well as the construction of a new gas pipeline. LNG terminal, which would provide greater contract and procurement flexibility, underlines the IEA.

Jez are you Simon or is Simon Jez, he doesn't know if he is coming or going...........try and take a long walk off a short pier and do us all a favour. As for the Bollinger try a bottle down stairs from the flat. Don't forget to show yourself at the AGM I'm sure one or two would like a talk with you Simon errr Jez what ever!

SDX

Paul Welch will be resigning as a director, and as President and Chief Executive Officer, of the Company with effect from May 31, 2019. As part of an ongoing succession plan, Mark Reid, Chief Financial Officer will assume the role of Interim Chief Executive Officer with immediate effect.



· A leading oil and gas executive search firm has commenced the process for the recruitment of a new Chief Executive Officer.

GrimsbyRanger good to see you posting again, and as you and I know once fracked it does not take long to indicate a good track job.

See COP has now gone from the North Sea after 50 Years..........Changing times within the industry.

Well I have the same thought as ddboy, just that we have something worth testing and the expence to carry on and take more samples would not be worth the expense. So IMO TE10 will be commercial, but the question is how BIG will decide if we sell or go after TE-11.

https://www.wsj.com/articles/oil-giant-total-sa-goes-further-in-liquefied-natural-gas-with-8-8-billion-deal-in-africa-11557576000
Total said the deal should be cash-flow positive from 2020, even if benchmark oil prices fall below $50 a barrel, and the assets should generate more than $1 billion a year in free cash flow from 2025.

“Natural gas is at the heart of Total’s strategy,” Total Chief Executive Patrick Pouyanne said at a gas conference in Shanghai last month. “We want to be integrated along the gas value chain to take full advantage of this growing energy source and discover new [liquefied natural gas] outlets.”

Total has said it wants its portfolio to comprise 60% gas holdings by 2035, up from roughly 50% in 2018.

The company and other oil giants are moving into natural gas as oil consumption is expected to rise by 0.5% a year between now and 2040, according to consulting firm Wood Mackenzie, and some forecasters say demand could stop growing altogether within the next decade. As buyers pivot toward cleaner fuels, global demand for natural gas is expected to rise by 1.6% annually from 2016 to 2022, according to the International Energy Agency.

https://www.moroccoworldnews.com/2019/05/272800/sound-energy-gas-eastern-morocco-successful-test/amp/

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CHAR/14067302.html

Simon, I think this share is not for you as you do not understand the basic fundermentals of O & G...... IMO

Sound Energy plc
("Sound Energy" or the "Company")

Operational Update : Eastern Morocco

Sound Energy ("the Company"), the Moroccan focused upstream gas company, provides an update on its on-going exploration progamme.

TE-10 Well Test: Gas to Surface Pre Stimulation

The Company previously announced a discovery, and a planned stimulated well test, at TE-10, the second well in Sound Energy's current three well exploration programme in the Greater Tendrara area, onshore Morocco. The test programme involves rig-less re-entry of the TE-10 well in the TAGI reservoir, and both unstimulated and stimulated flow tests on multiple intervals.

The Company confirms that the initial phase of the test programme - the unstimulated test - has now been largely completed, over a gross interval of 158m between measured depths ("MD") of 1932 and 2090 metres MD in the TAGI. Interpretation of these tests is continuing.

The Company is delighted to report that it has secured hydrocarbon gas to surface (C1 to C5 composition) from within the primary shallow zone, a section of which was perforated from 1932 to 1938 metres MD. This has been achieved without stimulation or artificial lift.

The next step in the operation will be to mechanically stimulate the most prospective zones, in order to seek to establish potentially commercial flow rates of gas. As previously communicated, based on the Company's assessment of the reservoir section, a stimulated flow rate of approximately 1.5 mmscf/d to 2mmscf/d, is likely to be commercial (as a tie-back development to the TE-5 Horst existing discovery).

Award of Environmental Impact Assessment ("EIA")

The Company is pleased to confirm the successful conclusion and award by the Moroccan authorities of an EIA for future drilling activities. The EIA covers approximately 9,400 square kilometres in the northern region of the Greater Tendrara permit and the majority of the Anoual permit. The relatively large size of this EIA is designed to give the Company maximum flexibility in selection of future wells in the acreage including the forthcoming TE-11 exploration well and further future drilling locations.