Member Info for Ezhik

Sounds like brokers that had something to do with someone that bought a few shares in the offer wanting their piece of pie. Probably the relationship between those persons and the original brokers was unknown to Block and therefore the piece of pie claimed had not been considered or envisaged.

Sidetrack. It will give a clean well section into Djeno. this well is fooked beneath the plug, its fooked at the plug hence oil passing. They have only ever said that is making its way to the surface, it is not 'flowing in abundance' more like just seeping past. Its far cheaper to use the existing well and sidetrack say 100m that start from scratch at 104. Move to 104 after 103c has been put to bed properly. Anyhow, its easy to say from behind a keyboard in an office far far away. They will be working on a plan and those working on it will be better informed and experienced than us idiots--well lets hope so.

Best wait until 27th Symposium. Everyone will probably still be talking about road closures and pressure testing.

isdeer. cement somewhere around 24 hours to harden, then they may decide to do a cement log to check that there are no cavities behind the casing before whacking holes in it. They would (I assume) want to make sure there is no chance of a pathway between the formation and the annulus between the well bore and the outside of the casing as any gas seeping up the outside could end up above ground, so a logging run maybe, but they may just do a controlled lab test using similar conditions to those found downhole in terms of pressure/temp so that they can see whether the test piece is hard enough. It really doesn't matter if they just leave it an extra day to harden off. So they may get around to perforating and testing zones over the weekend. Maybe--I am just guessing like anyone else. But what they are not doing is taking their toys home and abandoning it. It was bl**dy obvious why they removed 'civilians' away and tbh I thought it was clearly for their safety and the safety of the crew I didn't think to mention it.

Yeah, those Toads can be pesky blighters--give off methane after a good swim in the vuggy pond

AJW. I didn't bother responding, he has a similar view over at RBD, either flapping or de-ramping.
You could be right there about a slab of a couple of oil storage tanks for test purposes.
And--I agree with the use of the crane--may be shifting cabins and other equipment to make room for that slab blimey, I am finding myself agreeable today. Must be the tablets.

If we have a cement truck then they must be running the casing already---which is good news innit. They would not run the production casing if there was nothing to produce, it would just be a P&A. If they started running the casing last night then cement job possibly today.

Hi Alexios
I found your tweet photo of drill pipe in the mast. I would just question the reason why the pipe would be in the mast as opposed to being broken down into singles and laid out on the piperack if there was no more drilling or need for the drill pipe. Anyhow, someone has managed to crash the SP, panic, supposition and clueless speculation. Next day or two should tell us if they start running back in the hole or not.
Good fortune to ya

archie

If you can post the twitter links to the info ref casing being run it would be useful.(pics wold be better) If they are running it in then it is good news as someone has already mentioned, there is no point running casing if there is nothing to produce. Also, if they are running casing it means they have reached td also. I doubt they are running it but it would be a nice update if they are.

I did say end of the month before any likelihood of drilling but folk didn't like the comment much. the near 7% off the mcap on a few trades is however pathetic

Alexios. I guess that you are better informed, also I haven't seen that video that you mention and tbh I cant find a video showing drill pipe on the left/on the right or stored in the derrick. Usually racked stands are trebles but I suppose if the mast isn't tall enough then they might be forces to use doubles, its not something I have experienced. I did notice the casing laid out on the pipe rack in one of the photos. Anyhow, whatever it is, they are getting on with it. Best rgds

Indeed some chunky numbers there today. If it is from the placing then fine, let them go. Just wondering what happened to them all. Somebody bought them I wonder.

I would hazard a guess at suggesting there would be some news broadcast when the final TD has been reached successfully and without incident, therefore assume we are not there.
Lat weekend (Sunday) they started drilling again after running the casing to the second casing point at about 1500m. That leaves 600m to drill in total and about 200m to reach the gas area. I don't know the extent of the expected gas zone but if it were 50 m then they will have drilled say 250m in a week. This is not the biggest most powerful rig in the world, neither does it have to be, Progress the deeper they go will in general slow down, but typically ROP between 30-50m (Average 40) a day would give us 6days+, therefore my estimate of being ready to log the gas section by about now, 7 days of drilling since last sunday and then pooh and set up the wireline. In theory there should be another 350m or so to drill which will take us another week+ once the logs have been taken and recorded for this section. I have no idea whether the wireline unit will stay on site or go away and come back, I guess it will depend upon whether there is more work for it during the coming week, but folk should not be alarmed if they see it leaving say around weds. I am not looking at twitter or other theories, just applying logic. If there is an oil bearing zone they will see evidence in the mud returns once the zone is reached. No concerns from me at the mo

Timing is just about as expected as I said last week, gas zone possibly over the weekend. Logging to ID the areas of interest for stimulation and flow later on. Drill on the TD and look for black stuff then log that section if there are any signs of rainbow colours on the cuttings in the shakers, then run the casing and cement it in then whack a few holes in the casing to get the gas flowing. 7-10 days from here. maybe less depending on how deep they are just now.
PS they wouldn't bother running a wireline and paying good money for it if there was no point!!. All good so far.

Keep going AJ, get that average down. Don't forget there are now 3 x as many shares than when you and I bought therefore 9p old money is now 3p. My original 20p target now equates to 6.7p based on the same mcap/shares in issue, that's the shocking reality of it. But we do own a bit of a rig which is adding shareholder value or so I am told.

Nope. Think about it and ask yourself when would cement bond need to be logged. After cementing and before drilling, so if they are drilling, it's a bit late.

T.L yep. the ROP varies , sometimes 10m is day is all that can be achieved, sometimes you could blast through 100m especially in the early stages. usually the deeper the slower, but not always.
if they had stopped drilling and heaps of equipment was being rushed in and folk were running around like headless chickens then there may be something to start worrying about.

Your post is similar to what I was alluding to earlier. From a cost perspective I would re-drill with a bigger drill and either go through the plug and hope the well can take it without imploding or drill around it with a new section deeper into the Djeno zone. It would be quicker and cheaper. I have also said on here weeks ago that I could not understand how anyone could develop and industry standard CPR if the well isn't flowing, there are no pressure reduction gradients or any other performance characteristics on which to base the report. Anything produced would be a guess and as it is paid for by the company therefore with little real credibility to it. Using the some burger figures is still only an estimated guesstimate based on opinion. Better than nowt but not something against which I would lend millions. They are however 'getting there' but your 3 years may end up with 4. anyhow, I am but a passer by at the moment having sold but with a close interest on developments so I guess those rose tinted folk will wish me well. :).

One day in land far away....there was company operating the largest oil field in onshore Azerbaijan.. Best thing to do dude is just guess..it appears to be the general strategy.
Other than that after 8 months of acquiring a rig and 5 months getting the site ready and finding out how the rig goes together, the drill will take about 12 hours to get to the first point of interest and another few days to get to the final target and then they can all go home and it will all have been worth it. This will happen somewhere around the end of this month. It will of course multibag at that point.

Just looking at the campsite outside WN. The excitement is becoming in tents.