Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Wasn’t that wrong https://app.sharelinktechnologies.com/announcement/asx/d62cf51c0f180271a93ff923171b2771
@gonoles, this error-ridden message from one "Holdtight" is wrong on many levels. It pretends to be from the press release; it is not
FOG is a non-operating partner but Santos is THE operator. Even though they are not active atm, they are still present and may be waiting for others to spend money and see what works.
I speculate Santos will be active just to book reserves; their RRR sucks.
There are two proper-size wells this year, w/ fracs at the end of Q3-Q4 (page 12). H&P rig won't be terribly busy. Too bad it is on retainer (gotta be at least 50-60K USD/day. They like it so much, won't let anyone else use it and lower the burden).
I guess they still need to have EMP approved for this. EMP for EP98&117 is "under assessment"; we've seen greenies going berserk over it
https://depws.nt.gov.au/onshore-gas/environment-management-plan/emps-under-assessment
There may be reasons to take a non-operating position. By way of example, not a suggestion that they will:
https://www.santos.com/wp-content/uploads/2024/02/2023-Annual-Reserves-and-Resources-Statement.pdf
We are not amused
The likes of Exxon won't come based on IP30 or IP90 - they need many more wells, established type curves, path to gas market. Stable regulatory regime is needed (anything but atm). This was clear when Origin failed to attract majors.
We won't see commercial production for ~2 years. Lodged EMP does not contemplate gas gathering; tangentially mentions potential beneficial use if approvals granted. Plus the lead time on equipment, and capital required.
I'd say A2H is not going to be remediated and no reason to frac (or drill it to begin with) A3H.
@smallfish, Empire's EP187 Shale B depth ranges from ~1400 at C-1 to ~1700 at C-2/3 sites; deeper at C4 (public data)
recycling prior post:
"calorific value of Empire's gas is tad higher; Amungee Ethane is ~3% while Carpentaria C2~12%; C3-C4 1.77%
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02566731-2A1397806"
Agree on value of scouts
@805slo, gas composition from Origin and Empire are in the public domain. Same Shale B Velkerri target. Empire's gas has a higher calorific (wetter). Apparent size would depend on both composition and rate - we are looking at heated air plum signature in IR spectrum
https://en.wikipedia.org/wiki/Sentinel-2#:~:text=The%20Sentinel%2D2%20satellites%20each,infrared%20spectral%20range%20(SWIR).
Amungee NW-1H casing deformation issue was identified during the frac. It is unlikely that something changed between flow tests 1 and 2.
PLT in a horizontal/deviated well (especially one without multiple sensors across the entire cross-section of the casing) is prone to subjective interpretation. There is an issue of the flow threshold registered by the spinner, as well as the fallback of water that can cause the spinner to stall or rotate backwards. Beware of possibility that entire well was contributing, albeit there may be a pressure drop across the deformation spot or at the frac plugs (should have corroded by the time of the 2nd test).
The depth of the basin's sweet spot is yet to be defined
@805slo, exactly. But use the same zoom (17 or 18) and look at it in "true colour". Qualitatively, it gives an idea bigger, smaller, or ~same.
One more potential reason for the flow interruptions - high-pressure gas tends to freeze the line after choke; may need methanol injection or heat exchanger to fight hydrates. Don't know if this was the case; Santos may have had these issues on T2&T3
Just for fun, here is what was advertised as a world-record 705 MMSCFD flare
https://www.pngbusinessnews.com/articles/2021/4/evolving-papua-elk-antelope-lng-project-from-prospecting-to-gas-discoveries-and-to-lng-project-development
(drawing any parallels would be beyond delusional)
@Newtofo, I'm looking at SWIR. Clouds may affect it. There were no clouds on Dec 24th, but it was early in the cleanup. I don't know better and have no insight on the testing progress (I am not even asking).
Bottom line - grab a beer, sit and wait, todays' satellite pass should be available soon. It's a long game. Beetaloo gas is there, I have smelled it. Hope we can smell money soon :)
@Wet, cleanup post-frac is quite common, although some argue for an immediate shut-in for soaking.
Three weeks is rather short; one Marcellus SPE paper suggests 100 days as an optimum.
Definitive flaring on 24/12 and 28/1; possible 19/12. 13/1 is a reflection from a wrong spot. They are not flaring on 29/12, 3/1.
The flare heat spot diameter is ~1/2 of Empire's/Santos'; I hope it will improve and meet the 1.5 MMSCF target.
@805slo, you are correct, TBN confirmed as much
https://investi.com.au/api/announcements/tbn/ed1900de-42e.pdf
well-funded activists are losing their **** over the shenandoah emp submitted by tbn in dec.
https://www.lockthegate.org.au/tamboran_s_pre_christmas_15_well_fracking_application_is_attempt_to_avoid_public_scrutiny
https://assets.nationbuilder.com/ecnt/pages/979/attachments/original/1704862535/ecnt_submission_-_tamboran_shenandoah_emp.pdf
can't be bothered to read it, but it gives a summary of the max activities level:
overview of the emp
11. the shenandoah emp is large in its scope because it proposes new activities in addition to assuming responsibility over six additional existing emps. new activities include drilling of up to 15 horizontal exploration and appraisal (e&a) wells at four exploration locations, including the approved shenandoah s 2h on the kyalla 117 n2 location, hydraulic fracture stimulation (fracking) at up to e&a wells at four locations, and collection of 77 km of 2d seismic surveys. activities incorporated into the shenandoah emp through existing emps that are still active include the following:
• the drilling, hydraulic fracture stimulation, well testing, suspension, maintenance, monitoring and decommissioning of the shenandoah south 1h and 2h e&a wells, with stimulation at the 1h occurring as recently as november 2023; and
• the ongoing appraisal activities and decommissioning of the beetaloo w-1 well.
12. the proposed hydraulic fracture and well completion activities will be extensive. fracturing will involve up to 60 stages for each of the fifteen wells fractured and well completions at sixteen wells will last up to 300 days each.
can't find a mention for compressor station they would need to produce gas by end of 2025. it may be part of a separate emp, yet to be submitted. https://depws.nt.gov.au/onshore-gas/environment-management-plan/emps-under-assessment
they argue for referral to nt epa and rejection.
it costs tens of thousands to put something like this together. what a waste.
Any idea on apparent time discrepancy of soaking period/start of the test? Flare was on on Dec 24 and Jan 13, 28th. Off on Dec 29, Jan 3. Three shut-in weeks does not fit.
1.5MMSCF is the minimum they want, let's see what it actually does.
Connecting by end of 2025 is ambitious and require compression & auxiliary equipment order placed ~now (or earlier). APA will require pipeline license. Regulatory and TO approvals is a long tedious process.
Yeah. Statement on 4-1/2" is fantastically uninformed. Same as saying that imported rig was needed because local rigs cannot drill 3km laterals (only to drill 1km w/ it bc it's expensive to keep...). Let's see how imported HHP will fair
Anyone claiming to see flare under thick cloud cover have to be aware of tricks the mind may play when really want to see smthng. It's bloody wet, with road closures etc.
Empire's MD interview https://www.linkedin.com/posts/raasadvisory_empire-energy-group-asxeeg-raas-2024-outlook-activity-7155337447713722368-34D8/ IMO, they will be first to produce commercial gas, given gas plant is already required and two wells pending connection.
Falcon may sit on their hands preserving capital, while TBN needs lotsabucks for traditionally corporate high burn rate, H&P take-or-pay two-year contract, pre-payment on long-lead (>12 months on some components) gas plant, 2024/25 drilling and frac program (not to mention the LNG extravaganza). That may explain the relative strength of FOG.
It's the NT elections year; all approvals has to get in place b4 (lame) the government goes into caretaker mode
No luck, crappy weather, real wet this year
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84042&lng=133.64988&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-01-23T00%3A00%3A00.000Z&toTime=2024-01-23T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22