Member Info for gordon1237

Roland must have convinced Selan that those rates are possible with the modified fracking methodology, plus the jet pump to remove the condensate. Years ago he said that for a horizontal well 4 mmscfd was what was needed to be commercially viable.

Roland must have convinced Selan that those rates are possible with the modified fracking methodology, plus the jet pump to remove the condensate. Years ago he sa

Of course if someone was to pay a few million for 25% if uk ccs that could change the picture. No idea if that's likely.

Partly agree JPP. I think if the workovers are enough to give an income great enough to give a positive cash flow, that should stabilise and maybe increase the sp a bit. Given the reduced personnel that must surely happen.

For a real rerate we need the new wells to achieve their targets of 2 mmscfd for vertical and 4 mmscfd for horizontal wells.

PJ . Not sure why you think there will be extra wells within the 18 month time frame. We know the plan is for two vertical and one horizontal wells plus at least 3 workovers.

2 mmscfd was actually the original target for the refrac. When I asked Roland in an email why we had got nowhere near that he said that was only ever Schlumberger's target, who actually did the refrac.

That should be 0.5 to 1 mmscfd.

Hi Elegance. Yes of course plugging off the old zones would be a great move and enable us to maximise production from C77h. This however hads has no relevance with regard to expected production from a new well. As Roland has said before C77h is an old depleted well, it was first drilled in 2014. From memory the most it ever produced was about 1 mmscfd before condensate restricted the flow rate. Then after the refrac without the jet pump and with the old zones isolated we briefly got near 0.5 mmscfd.

My guess would be with the old zones isolated again and with the pump the best we could hope for might be somewhere between 0.5 and 2 mmscfd. That would give very welcome income but now near what we would get from a new horizontal well with 4 mmscfd or a vertical with 2 mmscfd.

Hi Elegance. Yes of course plugging off the old zones would be a great move and enable us to maximise production from C77h. This however hads has no relevance with regard to expected production from a new well. As Roland has said before C77h is an old depleted well, it was first drilled in 2014. From memory the most it ever produced was about 1 mmscfd before condensate rest

Nothing negative about anything that has been said. Just realistic. Really wish I had got out ay 0.16 when I could have. Will be very pleasantly surprised if we see that again this year. Really hope I have to eat my words on that one. Gla.

There doesn't seem to he any reason why the workovers can't start fairly soon which will provide some much needed income and hopefully

at least stabilise the sp. The only thing that will gove a decent rerate is achieving the target flow rates on the new wells, probably not until early next year.

Espen. If this farm out takes as long as Cambay it shouldn't take more than another year. Lol

Thanks Ssccss. If I'd acted on my perspective I could probably have made as much as you. As it is I currently have 20 million at an average of 0.135 and looks like I may have to wait until maybe the tenth anniversary of my first purchase next January to get out with a profit. Atb.

What has changed with today's news is that we now know that at least the workovers can go ahead without approval. Still seems pretty incredible that they only now make it public that the new wells need approval.

Out, so only just seen the news. At least we know where we stand. Gla.

Yes, I am also guilty of not noticing that it said approval of the WP. However, doubt it would have made any difference as I think we would all have assumed everything would be approved together.

Haddy. It doesn't say that officially anywhere. However some of us have heard that unofficially which doesn't seem right. Maybe I have misunderstood something or maybe it won't take long. I will give it until next week then enquire further.

Ssccss. Yes it seems incredible that after waiting 5 months for approval they are only now saying the WP needs approval and then only to those who enquire. Wr were told the WP was pretty much finalised in January so WTF.

NS. Quite honestly it's hard not to " whine " when it's always just one more thing that needs to happen before the WP can start. GLA.

In the first interview in February, Roland said they thought it could be done in a year. That would appear to be right out the window.

DV. Not sure why you use the word exploration. There is no exploration required. Just drilling and hopefully flow rate targets met.