Member Info for Ezhik

In my humble, they are still picking out bits of broken pipe. If anyone else on here has been through anything like this then they will know that its a bit like those fairground machines where you put your money in and try to grab a prize with a little crane and then drip it into the winning chute. You pick it up, try to move it and it falls off, you try it again, get it in the air and it falls off etc etc. Now try and to this thousand of feet below ground. You manage to clamp om or screw into a bit of pipe, start pulling slowly and it breaks off 10ft below where you have screwed onto. You then have to pull that 10ft piece all the way to the surface whilst disconnecting each section of the drill pipe, rack it into the derrick, remove the 10ft pice when it comes to surface and then go all the way back in the hole to try and get a bigger piece next time. and in the meantime keep a close eye on the hydrostatic pressure as you pull out and run-in. Keep a kill pill ready to pump down the hole to add to the hydrostatic if necessary. Once all the pipe is out, the well would need a clean out and then reassessment. They could have given us a bit more info, by telling us they are still fishing which as an interim update would have been good enough. They cannot possibly give timescales but a current activities notice would have been helpful. In any case, I added some at 3.79p even though I said I wouldn't until I knew the well was good to go. Might regret it, might not !.

Dunders... I was part of the construction team at Dragon in Milford in 2005/6, but I'm in Kent now, Isle of Grain. Can't really comment on property, but Rochester seems to be expanding and doing OK, just have to watch for over development.

What are we waiting for here?. It's been so long, I cant remember. Just CN3? or something else as well.

Once upon a time there were the three News', Mummy New, Daddy New and Baby New. A big monster came along and gobbled them all up, and then there was more News. Monster's been busy in Canada lately!.

Photo.

I work in the largest LNG import/export terminal in Europe, we have a few bits of pipe, a few storage tanks 'n that, but we don't have a wellhead. We store the LNG then re-gas it, then compress it, so out 'wellhead pressure' is achieved by the compressors. We chuck out the gas at 70 bar on the high pressure transmission system which is about 1000psi through a 36" and a 24" pipeline and then there is a medium pressure at 38bar or about 500psi and the a low pressure at 2bar, 30psi. So, my point about the 600-750 psi Casc operating pressure is a respectable figure. (When they finally get some gas through it !)

Photo.

Pressure at the well head when shut-in will be higher than when it is flowing---that's one part of your question. i've no idea what the pressure will be when it's flowing.

The facility operating pressure, and the distribution pipework will operate in a range of 600-750psi, which is a fairly normal range.

The pressure from the well, may have to be reduced to suit the distribution system, however, don't forget that the well production tubing is a very small diameter in relative terms to the Casca facility pipework, therefore to get the flow rate through a small orifice, the pressure and velocity will have to be very high, both will then drop down when it flows into larger diameter vessels and pipework, but the volume will remain more or less the same. There will of course be various PRV's, PCV's Slam Shuts and other valves in the system to protect the facility from over pressure.

The extract from the rns that you included is basically telling us that the well head pressure is excellent and the Casc facility has been built, also to handle relatively high pressure. both bits of info are good news.

TYB, Ok, but it looked like 2 questions to me. "Ezhik as opposed to members posting here fake buys whilst simultaneously deramping the stock they just supposedly purchased? And they are allowed to post?"

Anyhow whatever you meant.

Bit of a late reply here tyb, but maybe admin spotted a dual ID with the same I.P. address and then deleted the posts. I certainly never reported the post and have in fact never reported any post. I am someone that believes in mixed views, good bad or ugly and amongst them, somewhere lies the picture of what is and maybe happening with a stock, but with reference to that new 'CEO' poster, there had been no large trades recently and not enough volume over a period of a couple of weeks that you could add together and come anywhere near to 5m so it was obviously nonsense.

New poster was obviously bollix, no trades approaching 5m recently and then started making personal comments. Sussed by Admin.

What Ch hasn't appreciated is the time/cost/difficulty of fishing out damaged pipe. Either he hasn't been properly informed or was just hoping that it would be resolved quickly. Fishing out bits of broken tubing is painstakingly slow and as someone has already mentioned, the damage will get worse the deeper they get. CH is the CEO, he doesn't have to be a drilling specialist but relies upon those that are, therefore if they are not telling him worst case/best case then they are perhaps not the right people for the job. We may still be faced with cementing it in and re drilling it if the well damage is such that it would be too risky to attempt to test the well with the obvious high pressures present. 100% upside by circa Oct if all goes to plan--with new wells on line too.

Doubtful that Trin would deploy a heavy duty workover rig and crew if there wasnt a commercial value to the well. They know its commercial, they dont know to what extent.

Maestro. Sorry, can't help on that one other than it was to be covered by funds raised.

G.P. The top up last week below .8 is looking like a decent decision.

@maestro1. It'll be costing someone, that's for sure. RED were contracted to drill the well, it depends upon the T's and C's of that contract but hopefully they will be liable for some/most of the costs. I guess it rather depends upon where the incompetence lies. Well design, incorrect bha design, geology, mud type/weight, driller nodding off in the dog basket, who knows at the moment. Sometime in the future it will all come out in the wash. Maybe we will get SHB-3 drilled for half price.

800m--not very deep for oil exploration but gets them at the depth for Sprayberry if it exists in their patch. Jala Capital annual income only about $136,000, I make about the same myself but without any overheads, tight rock needs fraccing, which means extra costs inc proppant and service costs, often high water cut requiring treatment for recycling. Some photos of the scrap metal --sorry above ground assets would be nice. Better if the lease was 10000ft deep to get into the Wolfcamp. If the DD shows better potential and if there is a possibility of deepening the lease then they are at least somewhere near the right place though. University lands are reportedly good in terms of co-operation so its better than some entirely corrupt African scam. Companies are still extracting oil from Midland with better technology being utilised to revisit previously assumed depleted fields, so if they get the right advice and recruit someone that knows something about field work they may be in with a chance. I always said Benin was a non starter, way too far outside the scope of Zenith's ability in terms of costs and operational ability, others disagreed at the time and tried to spin it as being better than Tilapia which it wasn't. Carrot still dangling, stick never getting any shorter. Still waiting. Just rambling no advice to either buy or sell. Delete the post if it doesn't suit the approved narrative. If Ageos is still watching, he/would have a hugely more knowledgeable view on the location, depth of the fields and of the overall opportunity---wakey wakey.

What they tell us is likely to be dependant upon what the well situation is like. If they have to do some repairs or further integrity testing and then pump the concrete and then test its integrity they may wait until that is all done and dusted before saying owt. --Well, it's what I would do, and then start the test and notify the world a couple of days after the test had started confident that the thing is going ahead as expected. Could be next week or next month. On the plus side, the test period will be pdq, so once they get started the results will be upon us sharpish.

Hey Photo. Hope all is well with you. We are finally getting back to the future so to speak here, from the time we were obviously over priced based upon expectation to hopefully regaining to those levels based on reality.

Hey Zephyr, is that bladdy toobin out of the hole yet? Can we use the casing as-is or do we have to pull it out? Have we got the cement pump on site and ready to go? Slow innit, haven't got too many years of my life left to sit and wait, come on man!

Bubble my old mate, well done, you managed to get me scratching my head about W4!, thought it was a new well being drilled or something--or related to something going on in another company--until I realised it was a wayward finger. Had to smile. :)

Think we have all done it at least once. What is equally stupid is to spot a golden opportunity from a comment in an rns that seems to have been overlooked, go into your account, buy up a load of stock, watch the SP go up 300% in a couple of days, decide to take out the profit, only to find there is no trade there and you have the original cash sitting in your account--then you realise that you never accepted the original price quoted, therefore never placed the trade and spent 2 days watching something for nothing. :).

GP. You must have misread the rns "Rhein Petroleum has performed a successful recovery or 'fishing' operation in the SCHB-2 well to free a directional drilling assembly stuck in the 12¼" hole section and has returned it safely back to surface."

Recovery implies that it was detached.

Fishing implies a specialist recovery tool attached to the end of the string and designed to engage into the top of the drill collar or whatever it was that came apart. - We will never know, but it does mean the bha and dd assy was separate from the drill string.

Returned to surface kind of says "thank fk we got that back in 1 piece"

Directional drilling assembly is not a stuck pipe.

And yes a couple hundred thousand dollars worth approx of LWD, Mud Motor, Drill bit and anything else they had hooked up--plus however many days delay. Reflected in the SP, confidence dented, expectations tempered, opportunity to buy more for those that remain confident or in blind faith. I must be one category or the other as I bought a few million yesterday just below 0.8 . Anything over .12 in the next 2 weeks would be nice.