Member Info for Eazy

ITD it’s good to note that well 22-27v is also based at the gas plant and as has been heavily choked for a long time to manage the gas flow back whilst the phase 1A upgrades to the system was being done…

August flow rates: 320 barrels / 15 bopd

Peak monthly rates(June 2021): 6448 barrels / 215 bopd

The above demonstrates that when gas injection is restarted(Scheduled to start last month) we should start to see some big movements in production.

Why did admin pull Tiburn’s post? I thought it was good lol

OH NO- The GGS is installed but not yet returning higher production as many wells not yet tied in and maximising production.

Its a calamity, this minor delay to ensure the system works safely and without problems, this methodical and steady approach taken.

All my positivity on the asset, the ability of the field to reach previous highs of 65k /month with plastic pipes and towards 150k-200k with steel installed was obviously totally flawed.

Mr F F Trite Troll is the "one to listen to with his objective reasoned technical evaluation"

Or not.

What giddy malevolent glee demonstrated by the incumbent teenage girl trolls, demonstrating zero technical knowledge. Filter and ignore best policy.

Sept may show the prod rise expected, if not then October - the key is it will happen - The WTI rise combined with O&A cost reductions allows Southwestern time to bed the system in without as much impact to revenue , this steady approach puts the field on a solid foundation - as push to fast and too soon could create problems they cannot entertain - GGS has to work - and will work well with this prudent approach.

The technology is proven, this isn’t Southwestern trailblazing a new risky approach to production in this established producing formation.

Nelson… Comms from the company

“The comms on the GGS implies underbudget and performing in line with expectation - what expectation was that?”

They was able to measure and confirm the system is performing well due to its ability(proven) to flow more gas back to the gas plant instead of flaring without any issues…this is what COPL done the upgrade for and gives initial indications through the data it’s working efficiently…

Although the gas gathering system went online in July in early part of August COPL still had to connect separators to some wells and had to complete some topside field work…also proven to be working efficiently…

September should paint a different picture.

No as gas output was pretty much the same…

July gas production: 78,246 MCF

August gas production: 77,132 MCF

The massive reduction in flaring which allowed more gas to be sent back to the gas plant for re-injection was due to the performance of the upgraded gas gathering system during August.

LLP great summary of the headline figures…more wells offline for longer than I anticipated lol

There was one BIG positive I picked up on…

Massive reduction in flaring and gas now being recycled for re-injection which confirms the gas gathering system is performing well… now there’s the little matter of increasing injection rates so production can move up sharply :)

1464 bopd over above / 20%+ increase from July

Fastfood… Fancy increasing the wager? ;)

SP is more aligned to a decrease in production lol

Hopefully we reach 10p this year so we can all say good riddance :)

A £200m offer would be rejected instantly by me and most who know the value…

Our booked oil reserves(not resource) alone are worth £138.6m sold at market value… include plant, 40 year field life, 100m OIP(50% recoverable) under Shannon Unit, injected gas, billion barrel discovery etc.

The price goes substantially higher :)

“The MCAP is 20 million why not just make a big offer and buy us saves revenues and strategy.”

That’s because a buyout would be factored as assets rather than MCAP which is MUCH more than £20m :)

Great post illusion… There’s a JV deal on the way and it’s definitely not an illusion ;)

From the 9 wells part of phase 1A GGS works...

Previous peak oil flow: 1379 bopd (30 day avg.)

July oil flow: 490 bopd (30 day avg.)

COPL bringing all 9 wells alone back to their previous peak flow rates will add c. 889 bopd onto current total daily output(July - 1220 bopd) which does not include any other wells on the field…

We also know COPL reached previous multi-day highs of 2700 bopd with previous system before the upgrade…

I think it's fair to say 2700 bopd will be broken before end of year if the GGS performs as it should and

injections rates are increased from 3mmcf/day(Scheduled to start last week)...

The current predicted max run rate of the field(Barron Flats Shannon Unit) is between 5000-7000 bopd.

I can tell a lot of people are excited to the August figures lol…

Brand new kit on the field which are performing well…how does that translate into flow rates?

Not long now :)

28-Sep-23 16:06:28 2.72 2,500,000 Buy* 68.00k O

Someone’s hungry ;)

Edgein,

I think fastfood is getting a little confused lol…he’s says the oil isn’t proven in the frontier formation but yet we get oil flow every day out of there… It either flows or it doesn’t wouldn’t you agree? :)

Yes the field is largely undeveloped and that’s why COPL have a major oil company that’s signed a LOI with them with the intention of signing a JV. That way a full scale delineation program with loads of horizontals going into the frontier formation can get the ‘un-proven’ oil out which is part of our ‘confirmed’ 1bn+ barrel oil discovery ;)

Let’s also remind FF the JV partner and COPL will also be going straight to secondary recovery via gas injection which will most likely be CO2 as Wyoming is big that stuff and COPL have major CO2 pipeline right next door…

I do hope FF gets better at subtle deramps about COPLs vast oil discovery ;)

“I refer to the fact that the oil is not yet proven to flow and flow consistently.”

There’s been constant flow out of Cole Creek from frontier formation all year and the year before etc. lol

This was in the RNS on the 6th September…

“Through further geological study, he and his team have revealed a vast area of bypassed oil pay in the Cole Creek area, adjacent to the BFU. The prospective horizons are currently under Joint Venture negotiation with a respected industry leader.”

Indications are COPL have found more oil under their field which would be in addition to their billion barrel discovery the market is already aware of…

I done some digging on Cole Creek and I've come to the conclusion the additional oil was probably found to the north side of Cole Creek due to us having no operational wells currently in that area and Arthur has been doing well tests in the north recently... What other reason would he have for doing tests up there when all of the current producing wells are to the south?

This area is 3.5 miles north of the operational wells in CC currently targeting the frontier 2 formation…also any existing wells(currently offline) COPL have in that area are all targeting the Dakota unlike the operational wells to the south so the frontier formation remains untouched...

If my suspicions are correct then this would definitely be a very vast oil find under Cole Creek and something that would definitely benefit from CO2 injection for enhanced oil recovery and Storage :)

JV partner must be licking their lips ;D

JV is for Frontier(1&2) Formation under Cole Creek…

We have have had continued flow out of both…oil proven

Simples :)