Member Info for Ezhik

Its too fkin early for news mate.

0.3p in a matter of days IMV. No point selling just yet.

K.S. Some time ago he mentioned that areas outside of the casc fixed price zone could be sold at market rates. The implication was perhaps to conduct some exploration in other licence areas. -Was ages ago-at least a year.

GP. There are two separate zones but I didnt notice anything in the rns's about actually testing the upper zone (cant recall what they named it), even though they talk about 2 zones. I had wondered about it though and thought that they would test it if they had seen the indicators on the shale and the logs indicated a potential payzone. Agree about timing for test. Doubt there will be news this week unless we get it piecemeal.

Sounds to me like they are still pulling out pipe.

Well bilko, so far as we are concerned at this moment, there isn't anything commercial coming to the surface so there is no oil. Once they remove the downward pressure sitting on top of the production area by removing (presumably the mud in the system) the hydrostatic head of pressure will be reduced and maybe the well might dribble some oil at the surface all on its own. The pump(s) will help overcome the remaining hydrostatic head caused by the column of oil running from the well head to the production zone and then we might just see something worth bottling up and selling. They have also said that further well stimulation may be required to enable the flow of oil through the rock. The well isn't a write off but is not giving up its treasure without a fight. In fairness to the over exuberant P.B, he would have been making his comments about how great the well is/was from initial interpretation of logs that were showing several hundred feet of potential payzone. There would have been no way of him or anyone else knowing whether it would flow or at what rate at that time so he ought to have said what he said but with a big caveat. Casca--is a worry for some folk, but its different in that it has been flow tested and the figures provided came from a test, therefore even allowing for some variance between test and real production, the figure should be near enough on the mark.

Blimey, that's a bit of snappy comment ali g

Based on prices at the time it looks like a sell. unless its your buy Kellysheroes.

They haven't bought anything in the USA yet, only had a conversation with 'Stateside'. Conducting due diligence. Hopefully they will ask the question as to whether there is any permission or likelihood of being permitted to actually drill anything on the land they propose to to take control of.

The first two tests were effectively 'duds', therefore the so called real target zone of 106ft Gross in the intermediate has a lot of responsibility on its shoulders. The 106ft may be distributed in a couple or three separate 'zones' which they may be testing individually (just hypothesising here). The testing may also include pressure build up/depletion testing to establish whether these hypothetical zones are connected which could be partly responsible for this lengthy almost 2 month test period.---Or not! of course. Maybe they have run into some well issues that have required intervention, who knows, but for sure the time taken without so much as an initial feedback is getting to be a concern.

Well, what a jolly good day. Was half expecting this day to be a small backwards step before going on charge again, but wrong--yet again. Good to have taken advantage of the .079 price when doom and gloom set in, promised any profits after 12months to my daughter-- She wants the cash now of course but persuaded her to stay for another 7 days--might just be worth it. :0

Casper-have a rest you are making me tired. I'm on nightshift as well tonight.

Should be looking towards a 50m mcap once the flow has been confirmed at 1000bbls a day :).

Casper, they have to do the logging first though and then decide what areas to test, and then perforate those areas , then test the well and then find out what production they have if at all. Of course if/when they run the completion, they will tie it in and put into production as per your rns extract. A positive is that they completed the drilling without getting stuck again and that TD etc were reached and they are in the area that they hope to be successful. Yes its a development well but in an undeveloped area. It does have a decent chance of success---whatever success means. Would have been encouraging to have mentioned oil shows on cuttings though. Perhaps there were and someone from the rig phoned his mum to tell her and the word spread and the SP rose, who knows.

Molatov.

TBH its a little bit confusing as to what they were actually doing when they lost control, but they talk about a 7" production casing being run in the rns of 14/2. This hangs inside the other various sized(bigger diameter) casing just be low the drill floor and goes from top to bottom of the well. Above that casing there would be a valve arrangement for controlling flow which has a very small diameter which would prevent such a large diameter pipe from being forced out, so that's the reason why we didn't have pipe shooting up into the atmosphere. I have to say that having just had a scoot through the rns's, I really dont know what they were doing at the time because they refer to 'workover operations' ongoing when they lost control, so as it is a workover rig, they may have been doing something with a wireline unit-maybe. Also, I seem to recall them mention 2 7/8" diameter production tubing being the thing they are retrieving but now I cant find reference to it so now I'm confused about what they are pulling out. Maybe I dreamt it. Can't be bothered reading the rns's again though, just waiting for the next update

Adon. Yes, I would be surprised if they didnt run a couple of logging trips, can also be on wireline. They may already know where to perforate from earlier logs, but a casing integrity check/confidence in the cement job will be done I would say.

The term 'damp squib' originally came from the word for a type of firework which gave a very unenthusiastic and mild explosion when let off. The term was first used in the 1500s, referring to a squib which had become damp and therefore did not go off as expected

Yep. Run the cement down into the bottom, seal around the drill pipe and the casing with a plug and force the cement below the plug and into any gaps behind the casing. There would now be a cement plug at the bottom of the well beneath the mechanical plug that had been installed for the cement squeeze. They would drill these out, clean out the cra8p again, perforate the casing with the explosives probably from a wireline and then run the completion tubing. Happy to stand corrected should anyone be more up to speed with current procedures.

I have just had a mosey on youtube and found this. https://www.youtube.com/watch?v=19QqFwMbNTU-- I couldn't listen to any audio on the youtube thingy as I'm at work just now so i cant say how useful it is, but the visuals give an idea.

Quote from last Ortoire update.

"As we continue to pressure test the facility, we will finalize the electrical and instrumentation connections required "

This comment confused me a little at the time with regards the meaning of the word finalise. Could mean many different things from finalising the physical connection ( putting the plug in the socket) or finalising the design which would mean pre-procurement, pre-award of the installation contract, pre-installation and pre-commissioning and a long wait. Frustrating choice of terminology, must be the way they say things in Canada, or that someone forgot that the separate instrumentation systems do actually need to talk to one another.

Adon. Production tubing is not cemented in place. Casing is cemented to seal between the formation and the casing and to prevent migration of fluids or gas up the outside of the casing which could end up on the drill floor and create an explosive atmosphere or kill everyone with a dose of H2s. Production tubing (which were told it was) goes inside the casing and hangs from--erm, a hanger ! Ingenious terminology used in this case, or it could be a packer which is a less obvious terminology. They may centralise the tubing in the casing by the use of erm 'centralisers'.

This cement squeeze they are on about is to reseal any gaps between the casing and the formation that may have arisen due to the huge uncontrolled flow that they experienced. Production tubing comes in approx 30ft lengths and although has high mechanical strength, wear, and corrosion characteristics, it is relatively flimsy and light weight compared to heavy drill pipe so far as my ageing memory can recall. The thing about the hydrostatic pressure is that when the bigger diamer drill pipe is lowered in and pulled out of the mud down the hole, the weight on the producing area will be constantly changing. They don't want to be pulling out too quickly as it will cause a pressure drop at the bottom due to a reduced hydrostatic head and potentially lead to another blow out. The could increase the mud weight to such an extent that it will always control the well pressure, but they don't want to make it too heavy such that they won't be able to rotate the drill string/pipe or pull out the currently stuck pipe. What they are doing is a slow process with a potential high risk if they don't keep the well under control. Folk on here need to realise this before hanging the CEO out to dry for being optimistic for an early result--which clearly hasn't been possible. Going for a lay down now. :)

Mc Doog. I spent 8 years drilling with Stena Drilling up in Sunny Scotland. the older I get, the more I realise how little I know lol. But fishing production tubing is a nightmare as it is relatively thin metal compared to drill pipe. If it has managed to become damaged such that it doesnt stay on the end of the string then how long it will take is like saying how long is a piece of string !.. If the drill string was still intact but bent, compressed and jammed in the hole, there is a better chance of pulling it very slowly and then once the next tool joint arrives at the rig floor, break it out and start pulling again. Slow but sure. If it has broken into separate lengths then pulling each one and hoping that it doesn't break into even more sections is a nightmare. In the end--it will be resolved even if the well needs plugging and sidetracking from the point where the well damage is too much, it will get done. I have written off 16-2 at least for now as the time/cost/risk/benefit compared with other opportunities may not stack up. Current SP in my opinion is set for failure at 36-2 therefore success should give 100% from here by Oct-ish, well, end of the year.