Member Info for Ezhik

You are correct. One to install, others to maintain and more to install later. Probably not yet on order. The rns doesn't say whether the 'maintained pumps' are being set lower but probably not as their technology will not have changed.

A80 already owned and recently upgraded. Ok for light interventions. A100 on order locally and 2 months late on delivery according to the latest schedule. This will also be owned by Zen Zj30-150 t under negotiation for hire, probably with crew to finish off z21, go back in z28 and maybe z3 Genesis-nemeses. Currently somewhat unproven, so far I cannot find anyone using them although there were 'good' reports onit somewhere. We are thankfully doing some kind of lease arrangement instead of diluting. It is due q4 and is earmarked for spudding new well once they have scratched their heads a bit longer, consulted the seismic and geology reports etc etc and come up with a promising target. The results of which are about 12m away from now. In any case, one can assume the 500 means 500t which is what is needed for deep drilling which again is a plus. Roxi/Casp have been arsing around since 2013 with inadequate equipment, I cannot wait 5 years for zen to get their act together for the same reasons and hope to you know who that this genesis machine will be up to the job in terms of reliability. ZJ-30 needs to be super successfull very quickly. Hopefully 21 will not collapse and we will at least get an acceptable average out of it. In the meantime a80 is dunking pumps in at revised depths and fingers crossed may set of a few fireworks downhole and re-perf some zones to up the flow rates. A100 will also be available in another 6 weeks or so to start earning its keep. 6 months to treble production without buying a new asset... can't wait to see it. Anyone any good with a bowler hat, black stick with white bits on either end and a couple of rabbits..? Back to the pool and the sun lounger for another day. Ohh well.

Even rrl are getting their Sh@t together. Monthly prod increases and now at around 800/day. Near term 1000 target is in sight. My point is that if those bunch of tozzers can do it, this bunch of elite engineers from Canada should be able to. ---

I think that the pump replace,net is just as much about trying to maintain the production that we have but in a more efficient way. I,e surface control equipment keeps an eye on downhole pressure and flow and speeds up, slows down or even stops the pumps as necessary. Installation should also include a clean up and an opportunity for additional perforation if the well date and current knowledge indicates that it is worth the effort. This is in theory of course, so far the overall effect is unknown a to whether production would have been worse without the pump installation to date or indeed whether it would have made no difference. The 219, was always a stupid figure to quote, I could never work that one out. It would be more than welcome at this stage though.

I was wondering when someone would realise :).

Profits would increase, :). No rig to pay for.

So did I, could see a blue day at last.

A.J. The A100 is a couple of months late. It was obviously going to be late as the initial delivery was end of April which came and went without mention of the rig. So, we might see it in action by July. This was locally sourced and not from China. China supply appears to be more reliable. New fangled automatic-one man operated rig from italy is on a lease arrangement which at least in the short term has to be a prudent arrangement.

Don't forget that the CPR does not include any reserves attributable to Zardab. Zardab plus the unexplored Eocene could see the reserves double from current figures. Will take a couple of years from now though.

Yeah, this is just torture. Allegedly, new and increased sales, repeat business, developing products and yet we drift back below 3p again. There must be an underlying reason for it that is not obvious to mortals and pi's.

Nice move, looks like news leak. New sales agreement is my guess.

Zeb, they were hoping that the wash pipe and collar arrangement would allow the tubing to be pulled using cheap rig and low cost labour. It wasn' t up to the job. These are technically challenging deep wells, they need to stop fekkin about with poxy equipment. My rig back in the 1980's was 650 t, with 700t capacity in the derrick. We generally drilled to similar depth but it was in the sea, therefore different forces acting on every part of the rig, but come on, get some proper gear. 800m or so, the 80 t is fine. The 150 can manage 3000m but beyond that they are risking another 2 months of wasted effort. There is probably a rift between the drillers and the finance men at a guess. I.e you can drill whatever you want providing it doesn't cost any money. Not really impressed at the moment.

AC is hardly going to say that it's not man enough but looking at the various specifications for this type of rig, I think they are chancing their luck if they want to hang 4300 m of drill pipe from it and then maintain any decent rotation. However, I am just a blokey on holiday watching his 80k investment disappear. It's now too late to do anything else but wait on the premise that it will be alright in the end. The end however could be some time away !

Too late. Sipp is 100% Hmi, isa is well stocked. Bought between 9.5 and 19.5. No moe money to buy anything else. Just wait for it all to come together over the next 6 mos.

Also, IMV, the newly contracted rig is not up to the job of drilling much more than 3000 m with standard drill pipe. Let's hope they stop at the clean up stage and put it into production. Unless they use a small diameter d.p with lighter weight which may work.

I would agree with that. Even though sales are starting and momentum starting to build, Full certification will provide the farmers with the ability to confirm that crops are produced with certified fertiliser/mineraliser. The bigger producers are likely to require full certification, even though we are told that it is not conditional upon the ability to make sales. End of June is my guess--gather same time a new plant commissioned give or take. looking at year end for decent sp over 30. Underestimate and over deliver- hopefully .

Morning again. Is that correct, only 15% to socar.? I have been using 20% in my own estimations. 15 is a better deal :). And more attractive than the guesstimated % that Indonesia may want. I just hope that when they finally get to a completion they do something about the inherent wellbore collapse issue experienced by all that have had a go at azer in the past.

I know it's not, I can read too. But it could if they only want to mill out the tubing. If they want to try and pull it out or drill further to also explore the Eocene then they may as well pizz in the oceon. They have now sent it scurrying away to play with pumps in an attempt to try and maintain some of the dwindling production numbers. Comedy of errors ATM.

Z28. Couldn't get the iPad to type numerals.

I was reading up on the capabilities of the rig this morning and came to the conclusion that it would not be suitable for further drilling. I also came to the thought that the odds were in favour of extending into the Eocene, for two reasons. One the prize of the previously reported short term production figures and secondly the increased knowledge to enable further development. Either way, we would be looking at further non production and more time to wait. Now, we are at the stage of having wasted time and lost opportunity of income. Rig could go to z28 to mill out the string as it doesn't require pulling power. Come on guys, you are looking rather amateur. Or, thinking about it, it would also make sense to use the bigger rig and drill down at z