Member Info for GreyPanther

gkb47. The OGA's website has recently been updated to show the intended bottom hole location for the B-1Z Sidetrack. It's at: National Grid Easting 520134 and Northing 437482. This puts it about 0.4 km North-West of the B-site, and about 0.75km West-South-West of the original B-1 Bottom Hole location. This is very similar to the location I was burbling about a few days ago. GP

Hi Ribeye. I've had a quick look at the published wells near and around our WN licence area. The Mercia Mudstone is about 300 metres thick, and the Sherwood Sandstone, which lies immediately below it, is 500 to 550 metres thick. I suspect Rathlin would have kicked off the B-1Z sidetrack in the Sherwood Sst to avoid potential drilling problems in the much softer Mercia Mdstn. I'm not on Twitter but what you've quoted makes good sense to me.

Thanks gkn47. I was going by what Rathlin said on 4 Oct: "The West Newton B-1 well is targeting the same conventional reservoirs in the Kirkham Abbey and Cadeby carbonate formations that were encountered in the recently drilled WNA-2 well. If your details were taken from the OGA website, I should take another look.

Hi Tovoc. I'm not completely sure about your Wressle arithmetic. 500 bopd (if we're lucky) x 365 days x 30% EOG x $45 / barrel equals only $2.46 million in dollars (about £1.9 million in pounds). How did you estimate £3 million?

A few weeks ago a link to the Environment Agency’s website was posted here, or on the Reabold board, about the B-Site well plan. It seemed to imply that the original plan was for one vertical well and one deviated well, although it now seems likely that both wells were deviated. It’s not always possible to lease a well site immediately above a preferred bottom hole target, so perhaps Rathlin had to compromise with a well site somewhere between the two bottom hole locations. If that’s the case, the deviated bottom hole location would have been about 0.9 km from the straight hole, which is a reasonable step out for objectives at about 1,700 and 1,900 metres sub-sea. We still don't know whether the Kirkham Abbey or the Cadeby was the primary objective in these wells, but my money is on the KA in both. The KA was found only 230 metres above the Cadeby in the now published WN-1 well, so I think we can safely assume that both reservoirs have (or will be) looked at in each well.

Ho deemule. Maybe there might be an RNS mid to late next week. I don't think they're at TD yet, and then they have to log the well.

Hi gkb47 and Mirasol. Thanks for that. It could be that the OGA haven't yet had time to update with the most recent WN well info. Yet they have listed, presumably correctly, the more recent B-1Z downhole coordinates. I therefore "asked a friend". It seems that the B-1 well had a planned TD location about 0.75km north-east of the surface location on the B Site, and the B-1Z sidetrack is being deviated to a location about 0.5km north-west of the B Site. I don't know if this is absolutely accurate, but it seems to make sense to me.

Hi Tovoc. I don't think UKOG have spare cash to lend anybody. If you look at the relevant RNSs, you'll find that Egdon are borrowing from Union Jack, but Europa haven't done so. Not yet, anyway.

Hi gkb47. Thanks for that, and for the link to the OGA's info. It's good to have confirmation that the B-1Z sidetrack is drilling towards the north-west. However, I'm slightly confused about the B-1 well trajectory. The OGA call it L46/10- 2, and give it the same surface and bottom hole coordinates, so they are showing it as a vertical well. That can't be right, as I thought it was deviated to the east or NW from the B site surface location. Have you any further thoughts?

Hi Mirasol. Based on your postings elsewhere, I'm sure you know that appraisal wells are not always successful. It's possible that the B-1 well was designed to locate the eastern edge of the KA discovery, and to have another look at the Cadeby. WN is probably not a simple structure, but one which has a distinct stratigraphic element, particularly since these are carbonate reservoirs. I reckon it's possible that the B-1Z sidetrack is being drilled to a more westerly location than B-1, and within the main body of the carbonate reservoir. Time will tell, as they say, but what do you think?

Wrong Again Persimmon! You sound a bit like a barrack room lawyer, so I'm sure you know that a libel is a published false statement that is damaging to a person's reputation. it doesn't have to involve a court case, it simply has to be untrue. As for "Beverley Council Officials", maybe you should be a bit more explicit if you really meant the "East Riding of Yorkshire Council whose offices are in Beverley" Still, why bother with accuracy if you can spray untruths around.

Hi Persimmon. It's Rathlin, the WN operator, who will have been talking to the local council about the rig extension. The relevant body is the East Riding of Yorkshire Council, not Beverley Town Council. So, if you're going to make a humorous (but potentially libellous) suggestion about "brown envelopes", I'd suggest you make sure they'll be going to the right body.

Hi Snaffleman. I haven't seen the details of what's been posted on Twitter recently but if BMD's info / leak is accurate, I assume this means the sidetrack has been successful in the KA, which will presumably now have to be cored. This will takeabout a day by the time they've run in and out of the hole with the core barrel. Then they have to drill to TD, taking another look at the Cadeby on the way, and then there's the TD logging. So I'm not holding my breath for an imminent RNS. Maybe late next week or early the week after is my gut feeling.

Hi Odins, I'm not on Twitter, so I don't know what's currently being said there but, if BMD's rumoured "discovery" is true, I assume this means it's a successful KA appraisal which will presumably have to be cored, which takes a day by the time they've run and out of the hole with the core barrel. Then they have to drill to TD, taking another look at the Cadeby on the way, and then there's the TD logging. That's why I'm not holding my breath for an imminent RNS. Maybe late next week or early the week after would be my gut feeling.

Hi AllNothing. Thanks for your interesting comments on UJO. it makes a real change from Doria's twaddle. I'm sure both companies will do well if the B-1Z sidetrack is successful. I reckon it could be only a week or so before we know the outcome, so maybe they will RNS on Monday 14th Dec. The 7th might be a bit soon, IMO.

Am I the only one posting much less recently because of the infantile bickering on this board? Not a bad thing, some will say, but I should add that's it's just as bad on UJO's board - possibly even worse. What I'd appreciate, though, are your thoughts on why our market cap is almost the same as UJO's at the moment. We have more than 3x UJO's WN % interest. So are our other assets that much worse than theirs, or farther than commercial production? I don't really think so. Or is it that our management or business model is less well regarded than UJO's? Any serious thoughts on this topic would be welcome, thanks.

We don't know the exact kick off point, but it must be some way up the original B-1 hole, and possibly within the 9 5/8" casing. Some info on the OGA’s website indicates that B-1Z will be drilled to a bottom hole location about 400 metres towards the north-west from the B-1 surface direction, and in the general direction of the A site. If interested you can find it at:
https://www.ogauthority.co.uk/data-centre/data-downloads-and-publications/well-data
Then tap on "Well Data Search Tool and search under licence "PEDL183".

Hi RNSTranslator . Your 11.27 post yesterday was very helpful, thank you, but I don’t think UJO’s 23 Nov RNS should be seen in an entirely negative light. My take on it, for what it’s worth from a geological point of view, is that B-1 may have been drilled (and maybe also deliberately deviated) to a bottom hole location that was too far east. I think the B-1 well could have penetrated the Kirkham Abbey and Cadeby Formations on the slope down into the Southern Gas Basin, rather than on the shelf. If this is correct, it would have been a very ambitious well. It’s therefore good to know that the KA reservoir extends as far east as this, even if it's not well developed there. In my view there’s no good reason to assume that the B-1Z sidetrack, which is presumably designed to look at the shelf area again, won’t work for the Kirkham Abbey, at least. From the well info on the OGA’s website it looks as if B-1Z will be drilled to a bottom hole location about 400 metres towards the north-west, in the general direction of the A site. The description of the Cadeby in the RNS fits with my slope hypothesis too and, although it must have been disappointing for some, it’s not really a great surprise in that context. In their 23 Nov RNS Reabold also said “The sidetrack will also provide an additional penetration into the Cadeby, which Reabold believes remains a valid target in this location”. This sentence doesn’t appear in UJO’s RNS, and I wondered if the omission meant anything significant. RBD’s and UJO’s RNSs usually say much the same thing, so it’s possible that UJO now has a different view of Cadeby prospects at WN. The B-1 well was apparently meant to penetrate the Cadeby at a favourable location, but it clearly wasn’t to be. The jury still has to decide about the Cadeby, of course, but I‘m not holding my breath. IMO, the KA is “where it’s at”.

If we're a bit short of the cash needed to finance a later Wressle start-up, I don't think it's wise to assume that UJO would lend us cash on the same terms they lent money to Egdon. For a start, Egdon are the operator and it was obviously important to UJO that the operator stays afloat. UJO won't have the same concerns about Europa, and they might not even care that much if we were to go bust. I hope that's not the case, but unfortunately it's a tough financial world these days. Maybe the Europa directors will have whip round amongst themselves - but don't hold your breath!

I'm left wondering if our £1 million loan will be enough to see Egdon through. There's still a lot of work to do on our other jointly held licences, besides Wressle. If EDR can't raise / borrow a bit more than £1 MM, I can see the possibility of Egdon running out of cash (again), and us getting our hands on 25% of Egdon's 30% Wressle interest. This would leave Egdon with only 5% of Wressle, and us with 65%, which would look bad as Egdon are still the operator. Well ..... they are at the moment. Good to see the directors' buys today too.