Member Info for Ezhik

Good call on your early post today. I have only just been able to check in here today for the first time a read the comments and tweets for the day. Welcome to this happy little family. If you have just bought then you have bought at the bottom and well done for that.

Sarge123. It must be an open hole completion where the top of the production zone is 3902 and the area below has no casing.

There is a news report at the time the well was first put into production. They mentioned a flow rate in tonnes and I converted it to approx bbls/day and cam up with around 150-160 per day. It would be unlikely that they will get anything near the same just from cleaning up the well but it will at least be more than the 2-3 bbls it was recently managing. The drill will go ahead no matter what as it will be an opportunity to test the new structure and to find out if it is oil or water. The data and performance should give them a bit more detail and will help with the design of our first virgin well. There should be one or two newsworthy items coming forward over the next few weeks which should give the sp a bit of cheer before the final pice of news relating to the performance of the well sometime early next year. We should get logging info, production info, news of the civics work, news of the rig whichever one it may be and then start of re-drilling.

Might see some well testing by the end of the week just to see natural flow, followed by some ground scraping and news of the drill rig this side of Christmas.

How do you think they are misleading investors? We have been given the plan for C37. They will be running a wireline log in the near future, that will be subsequently de-rigged. Then they will prepare the drill site and bring on all of the kit inc mud, probably a bop, drill pipe, etc, then the rig will arrive and get set up. There is nothing to say that it wont be the 180. I mentioned the possibility of using the 260 a week or so ago just as an 'out loud thought' as it will be ready more or less when we need to deepen c37 and if we used it, it would save a lot of cash and from my perspective, it would make sense to do that if the timing was right. It would leave the a80 and a100 to get on with the next workover or finish one of the unfinished ones. I doubt that the new well will be started until end of Q1 which means the 260 would be collecting dust so why not use it. We shall see, but at the moment, we are bringing in a 180 rig when we are ready to use it which is not yet. No, not misleading investors.

Hence my being cautious and sort of diplomatic about capabilities. If you start hanging heavyweight drill pipe, drill collars and spirals off it then there will be trouble. Same applies for the 100 and 180 so, one could say that they are not much different. I said 180 should be quicker, especially when tripping. I believe that there are drill pipe stands stored in the derrick, i.e., about 90ft per connection which saves 2/3rds of the amount of connections needed with the tongs, spinner etc. I am not 100% on that though, it depends on whether they can store them in the derrick or whether they all have to be laid on the pipe deck. I would have to have a look on google.
Back to work

Sorry bud, I can' t say with any particulr knowledge about their capabilities. There are many variables, weight of drill pipe, torque needed for drilling, mud characteristics, many more, but it would be fair to say that it will be good to get it operating as soon as. 180 should be faster...if the crew are up to it. I haven't been up close to a land rig in any case, others on here are more familiar. Mudstud maybe. My days were offshore N. Sea. Stena drilling on a rig named the Stena Spey. Look it up and see the capacity, it was nearly 30 yeas ago.

We are at least being kept informed step by step, Zen should be commended for that. Mind you, sometimes it is a good thing, others it just raises more questions, but I would rather have the updates and then piece together the information as opposed to being totally kept in the dark. Hopefully the wireline unit should be in field already which would allow logging to get going later this week. As we have no info on exactly what they are logging and what the objective is it raises one of those questions as above and no, I dunno how long it will take but hopefully if it is just a run in to the areas of interest and then log on the way back up, it may be this time next week taking into account they are not out of the hole yet with the scraper and I am assuming the wireline unit is nearby :) It will also give the engineers something to do once they get the log printed and deciphered. It would be great to locate another potential prod zone--unlikely but hey.
We are getting there though and still not costing us thousands per day for the rig. Well done to the crew and the little 80. ATB--

Admin
Please take a look at the SP page, it still shows yesterdays 8% drop which is not encouraging to any onlookers.

Not too long now then, bit of civils work on the drill site after logging, should only need 1-2 days work with a machine to level it off, interpret logs at the same time, scratch heads for a bit, and fire up the rig. shhhh I know.
Now, how is the 260 assembly work getting on? Mast up yet I wonder. In theory it should be about ready for inspection this time next week for sign off and a big photo shoot.

Someone selling up, pity, 3-4 weeks should see a change. S.P hammered again on 600k or so sales just as we had crept up a bit last two sessions. Frustrating

Yep, about the same average, did bring it down from 10 though--whoppee doo.

Lets hope that there are no cracks in the welds on that 260 mast eh

Bought some oilex at .30 a couple of hours ago and sold at .40. Only had a £1000 to play with and made £295, pity that its not so easy with Zen !!.One day Rodney-

C22 is reported to have produced 700 bbls a day initially.

Yeah I know mate. Thing is we have no option that to be even more patient or sell up. Selling up is not an option for me so patience it is. I am far from happy of course. So far the company has been underwhelming to say the least and we need a start a middle and an end to at least one workover.
We are thankfully continuing with workovers going forward from here and the comments and understanding from that interview where we all decided (from what was said) that there would be no more workovers was incorrect. There is therefore work to go at for the rigs when they all come along like buses at the same time, it is, as we are constantly reminded after all, the largest onshore oilfield in Azerbaijan therefore there is plenty of space to poke a hole in the ground. All we will require is the money to do it. We have to have success at 37, I hope they have a seamless, faultless extended drill that relinquishes at least 150/day split between the different era's and its all connected up and the distribution pipework, storage tanks and metering skids are all singing and dancing. I might even join them with the singing--and come and buy you a pint too. And yes, you may have mentioned that thing about finishing something once or twice. right signing off, going home

Yes indeed, offshore costs are enormous. to get anything out there is expensive and the costs for components are eye watering, hence the need to be big producers. I had a few years on BPMagnus in the 90's, production was not as high as it was in the 80's but 50,000 ish seems to ring a bell, plus tons of gas. Still a huge amount and not something you really want to have shut down for too long I tell you..
I mentioned that Zen are picking away with their cost effective little A80 and getting us ready for drilling. it is tiny by comparison to anything operating offshore, jeez, the hand dryers are bigger ffs, but the more it does, the lower the overall costs will be, same too with the A100 and the 260 when they arrive. I am quite impressed that the A80 has been nurtured into getting down to almost 4000m which is somewhat beyond the depth one would expect, there is a lot of drill pipe to get down there.
I was a little curious about the blockage that was kept quiet though. Was it something caused by Zen, something dropped by the previous operations or just a build up of wax, and general sh*te. Now its out, it certainly wont do any harm to the natural production capability. Lets get it on test just to create some excitement before we open it up further downhole.
Anyhow Oilexpert, any expertise and opinions are most welcome--let us know when you are in/out

Trust me AC is very keen to get oil out of the ground, there I see no advantage to him for having the sp at this level. Cash is an issue and the savings for using the A80 are not to be sniffed at, hence my comment about utilising the 260 for C37. A further slight delay may be cost effective in terms of hire costs for the 180. We will also have the upgraded A100 in the field fairly soon, so from a cash outlay perspective I would rather see the cost saving and crack on with drilling using the 260 towards the end of Dec. It is likely to be that time in any case before we can do much with c37

Good time to buy, board fairly quiet, s.p well below where it should be. Opportunity knocks for anyone with any money left !.
The little 80 rig is plodding away at minimal cost and getting us further towards being drill ready.
A.J. Don't forget the additional clean up and well test in its current state to see how it performs, then the civil works to create a drill site, then it will be in time for the 260 to do its first relatively simple drilling operation. I say that on the basis that the 180 comes with hire costs, the 260 comes with engineers from b robotics. P.s, I have no knowledge of any such arrangement, just that it may make sense now we are where we are.

I think they will drill ahead as it proves/refutes the upper Cretaceous. If the existing zone still produces, they may do a double completion on it and have two zones producing through separate tubing. I thought about the 180 timing and by the time it is needed the 260 will be more or less on its way.. we shall see. .. providing they double production I don't care lol.

I believe that I mentioned that upper Cretaceous should be limestone in one of my ramblings, but I also said I wasn't a geologist-far from it. I got my info from research about rock formations and oil production in Azerbaijan etc. so unless the same info came from a more informed source then I hope that I never misguided anyone and the info is somewhere near correct.
Also, unlikely to obtain 160 by just drilling out the sand to the current T. D but they are talking about doing so just to find out what it may produce in its current set up. Hey, one never knows.
P.s that 160 figure was based upon the original prod info from the press. They measured it in tonnes at the time and I converted it, but it is a little bit finger in the air as the actual weight per barrel is not known precisely. My calcs gave me about 156 or so, but if has be taken as an approximate. Everything in this business is a roughly, approximate unless it goes through a metering device. ( especially time and cost estimates!)