Member Info for highlandmatt

Croxie, there is a view that is oily mud fluid from the well. It's not a shadow (look at the posts and the reflection of the vegetation).

Yes TT-T, I just found the same. So Jurassic was hit, but smaller than anticipated? However finding salt and possible oil shows(?), I could well imagine PG sending everyone home to preserve cash while some more analysis is done.

Yes, you can get oil above gas if they are in different reservoirs.

Domerian carbonate primary target penetrated supporting pre-drill play concept

Never before seen 30 metre good quality gross sand below Domerian

MOU-5 was successfully drilled within pre-drill budget forecast to the planned target depth and logged in 10 days.

· The top of the Domerian carbonate primary target was encountered significantly deeper than prognosed due to the presence of mobilised salt above. Encouragingly this increased the thickness and potential effectiveness of the topseal.

So the carbonate limestone was lower than forecast, but was drilled through. Unless you are thinking the salt messed up the depth calculations, and the target seen on seismic is actually deeper again?

Thanks ndy. I recall PG saying that Bonassie facilities meant we didn't need to build/buy any for Cory Moruga. So could be Jacobin as well. So 3.5k capacity - 2k barrels would be $100k. Not to be sniffed at. I wonder if it is trucking, although there is a decent network of oil pipelines in SW T&T.

The reference to oil to be sold is connected to the Bonassie facilities. The photo seems to suggest the tank is 300 barrels, which looks about right from dimensions. So that could just be a months worth of Bonassie? Still 300 barrels at $50 is $15,000, and significantly, our first income from sales since the revenue share at Innis Trinity.

Yes, 'workover programme going better than predicted'. Sounds promising.

There was mention in the X post from PRD that 'workovers going better than expected'. Looking at the presentation, Q1 had planned workovers for Bonassie and Cory Moruga. Which or both? 10% more at Bonassie not much impact, but 10% more than expected at Jacobin 1 would be good.

Oh, hello. A buy at 3.5? Heading north quickly?

a bit of quick research shows that salt makes seismic interpretation more difficult, especially if the salt is not a ****geneous flat layer. i am guessing that once you know it is there, you can adjust, but you only find that by drilling.

I think the reference to hydrocarbons is regarding T&T.

Which signpost?

It's not a shadow. Look at the shadows cast by the posts.

I'm guessing we won't get answers until the 50m has been analysed.

Welcome Tim(?) It's great to have some interactive comms. As there have been a few things said on this thread, it would be helpful if you could clarify what is correct and what is incorrect. Appreciate that there are things you either are not told or cannot comment on. Many thanks. Matt

No, I think the Board are inside the tent, so to speak. But just the BOD and the site, and presumably ONHYM.

It also implies that folk, including third parties, are still at the site. "no material information will be released or communicated to any third parties outside the site and the Board"

I can only assume it was a request from the company. Interesting the phrase 'the Mou5 site is in lock down'. I'm struggling to find any info on this procedure in an industry context. From a layman's perspective, this means no access in or out and a news blackout. Seems odd if it was a duster. Perhaps someone with industry knowledge can advise?

The terminal could be for import.

Yes, dusters are usually quick. So there must be something that is being analysed or discussed.

Possible.

I think the greater question is why ONHYM would authorise a positive RNS but with absolutely no mention of gas. Press coverage has featured phrases such as 'strong well results', 'promising' and 'major step forward'. Was this a wholesale censor red pen?

Yep, I've been lowering my average as well.