Member Info for GreyPanther

Hi chittybangbang. Do you know which issue of GeoExpro the Zechstein article was in? A friend subscribes to the magazine but we couldn't find the article in any of the six 2021 editions. Maybe it was quite a while ago? Thanks, GP

Hello Heid. If you don't want to post the link, which is a pity, can you at least tell us the author or the source of the article. Thanks.

In case anyone's interested, I've also posted this on the ADVFN board in response to a comment about the choke size being used:
"My now ancient oil field experience says that the reported 666 bopd (plus the gas) flow rate on a "highly restricted" 20/64 inch choke is excellent, but it doesn't mean that the choke is only one third open. This is because the maximum choke size isn't one inch. The size can be up to, but rarely is, up to 2 inches for a very slow producing reservoir. The choke usually consists of a short, cylindrical steel pipe with a conical insert, past which the oil has to flow before it's measured. This mean that the flow is through a ring-like opening with a specified width, eg. 20/64" or just over 1/4". However, because it's a ring, if you halve the choke size you actually reduce the area of the opening by a factor of four. This may seem counter-intuitive but we can be confident that the reported flow rate is an excellent one. The reported 666 barrels per day rate for the oil alone is equivalent to about 16 (imperial, not US) gallons per minute, which is pretty impressive for an onshore UK well. Once the flare and separator issues have been sorted out, I'd be slightly surprised if Wressle doesn't do even better than this".

Hello Heid. Could you provide a link to the Zechstein publication you mentioned below.
Thanks, GP

Hi Aco88. Egdon is very conservatively run by Mark Abbott but I don't think you are missing anything very significant. There's very little trading in Egdon shares; only 5 trades so far today, and a lot are held by two or three large institutional holders. I think Mirasol makes a good point about Ceres. The gas price received by Egdon was 195p / therm in October / November, and the January futures price is 340p / term today. I don't know how much of that Egdon will see next year, but it must delay the Ceres field abandonment (which I though was fairly imminent) some years into the future if the gas price stays at this level.

There's encouraging pre-AGM news from Egdon this morning. Along with a financial update, there was a new Wressle production rate. The RNS said: "Despite being flowed under a highly restricted (20/64 inch) choke whilst upgrade works are ongoing, Wressle produced at an average rate of 666 barrels of oil per day (gross; or about 200 bopd net to Egdon) plus 368,000 cubic feet of gas over the last 7 day period (727 barrels of oil equivalent per day gross; 218 boepd net to Egdon). No formation water has been produced to date.”
Let's hope they can keep producing at this rate or even an better one.

Hi ivans. Can you provide a link to BMD's latest tweet on Wressle please or, even better, let us know what he has to say. Thanks.

Egdon's AGM is on Thursday 16th Dec. I'm hoping for some positive news on Wressle in their AGM statement, assuming there is one of course.

Egdon's AGM is on Thursday 16th Dec. Maybe there will be some news about Wressle in the AGM statement, assuming they make one.

Egdon's AGM is on Thursday 16th Dec. Maybe there will be some news about Wressle in their AGM statement, always assuming they make one, of course

Hi Mirasol. Thank you for the kind words. Regarding royoby's postings, I'm not always able to understand what he's going on about, but I promise to try harder when he posts something that makes sense. IMO some punctuation would help those that remain interested in his ramblings, but maybe English isn't his first language.

UKOGL's website shows that the Lidsey X1 well (drilled by Carless in 1987) was a vertical exploration well. The X2 well (Angus 207) was deviated. There's no indication of how highly deviated it was but, with hindsight, it clearly wasn't drilled to the right place.

Hi Mirasoll. The additional 40-60 ft of structural relief could be very useful, but I think we need to know a lot more about the trajectories of the earlier wells to be certain about just how useful. However, it's likely that X2 was an early well and possibly a re-purposed exploration well. This suggests to me, although I've no precise details, that it was nowhere near horizontal, as is suggested by the "X" (exploration) pre-fix. I'll see if there's anything more helpful on the UK Geophysical Library website, but don't hold your breath!

"Following our letter dated 26 November 2021 about Rathlin Energy (UK) Limited’s plans to submit a revised proposal for the West Newton A site and a time extension request for West Newton B, we can confirm that we have now submitted notices for the revised planning applications.
It was our intention to write to local residents informing them of the applications, (which we will continue to do), however in light of BBC Look North running a story on the subject tonight, we are happy to summarise the applications as follows:
We are aiming to submit our revised planning applications by the end of December 2021
The West Newton A application will be for four new wells (down from six) and the proposed site will be 25 per cent smaller than our original planning application which was considered by councillors on 30 September 2021
Due to the proposed reduction in wells, the duration of drilling will be reduced from 24-months to 17.5-months – a decrease of 6.5-months drilling the required boreholes
The reduction in activities will mean far fewer heavy goods vehicles using the local road network during the construction phase
We have created a new hedge/tree planting proposal that will further reduce the visual impact of the project, screening it from public view at ground level and from further afield
We have changed our storage tank design from vertical to horizontal therefore making the site equipment less elevated and hidden behind bunds and trees
We reinforce our commitment to a maximum 10 tankers per day during the production phase. We have also restated our previous position that if the quantities of hydrocarbon extracted reach high enough levels, we will explore the possibility of installing a pipeline.
We will also be submitting an additional application for a time extension at the West Newton B site
We continue to be committed to developing a Community Benefit Fund in recognition that the success of the development is shared and invested into local community projects. Your local community/parish liaison group members met with representatives from Rathlin Energy (UK) Limited to hear about these plans first-hand on 02 December 2021. The notes from the meeting can be found on our website at: www.rathlin-energy.co.uk. If you would like a copy of the notes sending to you by post, via email or on WhatsApp please call us on: 07881 816369 and we will happily make the arrangements. East Riding of Yorkshire Council will advise when the application is published for comment and we will be in touch in due course to announce when more information will be available via our online information portal. We also give a clear commitment to with work with the West Newton community liaison group in an attempt to openly engage with and inform local people about our work.
Thank you for taking the time to read this letter. On behalf of everyone at Rathlin Energy (UK) Limited, we wish you a very happy Christmas."

If the new Lidsey mapping is accurate, Angus should be able to drill an E-W oriented well nearly horizontally along the crest of the structure at the top of the oil-bearing reservoir. This would IMO draw a lot less water into the well bore compared with the much less highly deviated earlier producing well(s)

Based on today's AGM statement from Europa, it seems Wressle contributed 165 boopd net to their 30% interest in October. This indicates that the entire field averaged 550 bopd gross for that month. Here's the relevant bit of their RNS:
"Following the successful, incident-free proppant squeeze at Wressle, the Europa team and the PEDL180 joint venture partnership should be commended on helping to drive Europa's net Wressle production, post our financial year to 31 July 2021, to 165bopd (October 2021). This resulted in total production for Europa of 240bopd for the month of October 2021. When set against an estimated break-even oil price of US$17.6 per barrel for Wressle and current oil prices of cUS$71 per barrel, the Wressle asset has delivered meaningful revenues to the Company. With well flow continuing to "clean up", we are confident that Wressle has still to reach its full potential"
So, if you assume there is probably about 10% "down time" while various well site work is being done - and this is just my guess - then Wressle's average production could be as much as 550 bopd /divided by 90%, or about 610 bopd. IMO, of course.

Based on today's AGM statement from Europa, it's pretty clear that Wressle contributed 165 boopd net to their 30% interest in October. This means the entire field averaged 550 bopd gross for that month. Their other production (mainly Crosby Warren, I think) came to 75 bopd, making the October total 240 bopd including Wressle. Here's the relevant bit if you're interested:
"Following the successful, incident-free proppant squeeze at Wressle, the Europa team and the PEDL180 joint venture partnership should be commended on helping to drive Europa's net Wressle production, post our financial year to 31 July 2021, to 165bopd (October 2021). This resulted in total production for Europa of 240bopd for the month of October 2021. When set against an estimated break-even oil price of US$17.6 per barrel for Wressle and current oil prices of cUS$71 per barrel, the Wressle asset has delivered meaningful revenues to the Company. With well flow continuing to "clean up", we are confident that Wressle has still to reach its full potential."

Based on today's statement, it's pretty clear that Wressle contributed 165 boopd net to EOG's 30% interest in October. This means the entire field averaged 550 bopd gross for that month. All our other production (mainly Crosby Warren, I think) came to 75 bopd, making the October total 240 bopd including Wressle. Here's the relevant bit if you're interested:
"Following the successful, incident-free proppant squeeze at Wressle, the Europa team and the PEDL180 joint venture partnership should be commended on helping to drive Europa's net Wressle production, post our financial year to 31 July 2021, to 165bopd (October 2021). This resulted in total production for Europa of 240bopd for the month of October 2021. When set against an estimated break-even oil price of US$17.6 per barrel for Wressle and current oil prices of cUS$71 per barrel, the Wressle asset has delivered meaningful revenues to the Company. With well flow continuing to "clean up", we are confident that Wressle has still to reach its full potential"

This item on Egdon's ADVFN board today is very encouraging:
..... had the following update from Egdon yesterday: "Works to de-bottleneck Wressle and manage the gas flows are ongoing and we will update once these are completed. In the meantime we continue to produce at rates above expectation at Wressle as previously advised."
This confirms, IMO, that oil production has continued satisfactorily while the de-bottlenecking work is being carried out.

This is taken from Egdon's ADVFN board today:
"Wressle-1 going well. I had the following update from Egdon yesterday: "Works to de-bottleneck Wressle and manage the gas flows are ongoing and we will update once these are completed. In the meantime we continue to produce at rates above expectation at Wressle as previously advised."
This presumably means that production has continued while the work was carried out.