Member Info for Ibug

"This discovery will help enhance several follow-on prospects located to the Southeast and the North. It is on trend with the oilfields of Kirkuk and discoveries of Tawke in Northern Iraq, and Garzan in Turkey, and is expected to add to the significant resource base already discovered."

Not sure on trend means the same as producing.
The prospect to the North of East Sadak which was also East of Resan oil field was relinquished by AME in early 2016 in favour of the Resan/Basur license areas.

Full history of drilling and flow rates from the SCOUT REPORTS from AME to the Exploration & Production Consultation Meetings over the years.
DOGU SADAK-1 completed 31/12/13 and put on production.
DOGU SADAK-2 Spudded 26.11.2014. Dr il l ing st r ing was stuck at 4291 feet. Abondaned 5th July 2015.

Dogu Sadak-1
Jan 2014 1786 bbls
Feb 2014 1356 bbls
Mar 2014 1045 bbls
Apr 2014 1190 bbls
May 2014 1076 bbls
Jun 2014 935 bbls
Jul 2014 968 bbls
Aug 2014 943 bbls
Sep 2014 889 bbls
Oct 2014 845 bbls
Nov 2014 721 bbls
Dec 2014 1078 bbls

Jun 2015 894 bbls
Jul 2015 868 bbls
Aug 2015 894 bbls

DOGU SADAK-2/S Put on the wel l product ion with pumpjack on 21st Sep 2015. Daily oil product ion rate is 400 bbls/day without water.

Dogu Sadak-1 and Dogu Sadak-2/S
Sep 2015 4472 bbls
Oct 2015 15016 bbls
Nov 2015 11852 bbls
Dec 2015 9350 bbls
Jan 2016 7216 bbls
Feb 2016 6286 bbls
Mar 2016 5007 bbls
Apr 2016 6825 bbls
May 2016 6793 bbls
Jun 2016 6028 bbls
Jul 2016 6432 bbls
Aug 2016 6063 bbls
Sep 2016 7615 bbls

EAST SADAK-3 Complet ion Date : 28.09.2016 Put on the well product ion with ESP pump on 28th Sep 2016

Dogu Sadak-1, Dogu Sadak-2/S, and East Sadak-3

Oct 2016 18315 bbls
Nov 2016 15022 bbls

EAST SADAK-4 18 February2017 ES-4 well is spudded today at Oymantepe Field, Eruh, Siirt, SE Turkey
EAST SADAK-5 18 August 2017 Our president Cem Sayer's visit to Oymantepe Oil production field and East Sadak 5 drilling activities
EAST SADAK-6 11 December 2017 Casing running operations.
EAST SADAK-7 Not mentioned anywhere
EAST SADAK-8 commencement of production at East Sadak 8 well 13 November 2018
EAST SADAK-9 Not mentioned anywhere

EAST SADAK-10 Not mentioned anywhere

EAST SADAK-11 Spudded 18.3.2019. Completed 31.05.2019. Well was abandoned due to non-economic hydrocarbon potential.

Dogu Sadak-1, Dogu Sadak-2/S, East Sadak-3 and East Sadak-8
Apr 2019 25457 bbls
May 2019 24949 bbls
Jun 2019 22140 bbls
Jul 2019 26494 bbls

EAST SADAK-11S Spudded 07.06.2019. Completion Date 15.07.2019. Put on the well production as of 22 July 2019.

Dogu Sadak-1, Dogu Sadak-2/S, East Sadak-3, East Sadak-8 and East Sadak-11S

Aug 2019 27428 bbls
Sep 2019 22805 bbls
Oct 2019 23712 bbls
Nov 2019 18789 bbls
Dec 2019 20668 bbls
Jan 2020 18056 bbls
Feb 2020 16674 bbls
Mar 2020 19655 bbls
Apr 2020 15125 bbls
May 2020 15573 bbls
Jun 2020 14219 bbls
Jul 2020 13890 bbls
Aug 2020 13489 bbls
Sep 2020 12625 bbls

EAST SADAK-12 Spudded 03.08.2019. Completion Date 16.10.2019 Well was abandoned due to non-economic hydrocarbon potential.

EAST SADAK-13 Spudded 25.10.2020

Wells known to have produced or be in production
DOGU SADAK-1
DOGU SADAK-2/S
EAST SADAK-3
EAST SADAK-8
EAST SADAK-11S

Penguins
Many thanks. My computer says no if I try to find the source document but it downloaded in 2s using internet download manager. Better not say what version of windows I am using but it does not update!!! Not sure it would even run version 10.

Wizard
I am unaware of any injection or EOR techniques used by AME but then again they are not always the operator of their farm ins.

http://www.sayergroup.com/eng/conn.asp?company=gy&page=ispindika
http://www.sayergroup.com/eng/conn.asp?company=tmo&page=ispindika

Old websites with companies run by the Sayer brothers.

Penguins
No rhyme or reason for dates of meetings.
12th SCOUT MEETING 18th November 2020
11th SCOUT MEETING 19th December 2019
10th SCOUT MEETING 3rd May 2019
9th SCOUT MEETING 20th September 2018
8th SCOUT MEETING 3rd May 2017
7th SCOUT MEETING 21st December 2016
6th SCOUT MEETING 6th April 2016
5th SCOUT MEETING 12th October 2015
4th SCOUT MEETING 30th June 2015
3rd SCOUT MEETING 15th January 2015
2nd SCOUT MEETING 30th September 2014
1st SCOUT MEETING 29th May 2014
I have nothing for 2017 or 2018 and still stuck finding the last one. Google translate doesn't help when the translated word changes on the use of a capital letter in some cases!!!

There is no licence banking in Turkey. You drill and produce or lose it. They have 5 years which is why the additional 4 licences became available at the end of last year.

AME have done a better job than UKOG imo. Only required $20m finance compared to over £70m for UKOG in the last 8 years.

Ocelot
No they haven't. 5 wells drilled at Resan and not one producer. Resan/Basur is wildcat drilling due to lack of Seismic data. Over 13 wells drilled at East Sadak and how many producers?

Penguins
I have spent nearly 3 months trying to find that report!!! You would think they would provide a link from here; https://www.petform.org.tr/en/

I'm still not sure of the periodicity of them so a link to the latest one would be appreciated.

TIA

Wizard
Pad is already set up for infill drilling. It is just a posh name for drilling lots of wells from one pad. HH-1 was the exploration well and then turned in to the production well. All the other wells were planned to radiate out in different directions from the pad. Unfortunately they never drilled down into the Kimmeridge to core HH-2 (don't know why) or produce from the Kimmeridge in HH-1 (don't know why). The writing was on the wall when they first drilled HH-1 and got 50:50 oil water cut on a 1" choke. Next day they had it choked back to 32/64 and only 1% water. Using HH-2 is the cheapest way ahead at the moment but yes, to answer your question, in the long term they may revert to more modern methods imo. Will just have to see if HH-2 solves the problem first.

You couldn't even remember what was said on 15th January which is less than 3 months ago so there is no chance you would remember what DL said in 2014.

Actually it was $ not £'s. Over £5m.

Infill wells and sidetrack wells have quite different meanings.

HH-1 was approx £8m according to DL in one of his interviews.

Perhaps you should read the UKOG RNS's. I don't make it up.

Mirasol

I don't know where you get your figures from but at least 2 RNS's totally disagree. You could at least do some research before posting piffle. It's not exactly difficult to read the RNS's if you can be bothered. But then again it may not suit the purpose to post what the company actually say.

"The equivalent well in the UK would cost the Company £5-6+ million gross."

"c. $7.5 million (c. £6 million) drilling and testing costs of UKOG's similar depth HH-2 well. "

So far we have had terrorism, snow and religion as excuses for not working . Dare I bring up famine, flood, fire and pestilence and that way we have gotten them all out of the way.

Of course UKOG predicted the water ingress otherwise why plan for an injection well when they put the planning application in in 2018. Writing has always been on the wall from day 1 to PI's who did some research. You just need to look at Brockham figures from day 1 in the Portland. Even in 2014/2015 they were producing between 7 and 16 bopd of water compared to 13 - 35 bopd of oil. It is no surprise it was not mentioned by UKOG during the exploration stage but difficult not to mention when going into production. I don't think there is one onshore oil well that is not producing water but I'm sure someone will prove me wrong if they search long enough. Be interesting to see how long it takes them.

Some of us have been here since 2013 unfortunately so don't believe everything we read from UKOG otherwise we wouldn't know about the other 8 wells which UKOG failed to report on apart from the swab test on Basur-3 which reportedly came up with "an extrapolated rate of 2,000 barrels of oil per day" but was never put into production but I wonder why. UKOG have never said. Makes you wonder.
8 wells drilled and not one put into production. Is the risk better or worse when they drill the 9th? I'm just going to rely on the hype to make my money.

RollingInIt
So you did no research other than copy and paste what looked good from a couple of websites. The fact that AME have not updated their website for a few years leaves you short of real time information. They didn't even drill Hasancik.
I wonder how many other wonder kids bought in recently on the hype only to see the SP drop yesterday. Guess those buying at 0.18 wish they hadn't. Easter egg on face.

RollingInIt

But I'm still waiting to find out which oil fields you were referring to. It's all very well finding an oilfield but another making money from it. Look at the Resan and Basur Oil fields. At least 8 wells drilled between the two but no production.