Member Info for JamieFleeman

Instead of viewing this site with google I use brave browser, you can download the app or use it on desktop. Far nicer experience in my opinion, as brave browser blocks most of the ads and pop ups you get using google.

Saltfleetby Energy Europe Ltd.
Incorporated on 12/102020 by yes you guessed it, Mr Paul Forrest.
Maybe this has been planned for a while and there never was any other options being looked at?
https://find-and-update.company-information.service.gov.uk/company/12943680
Looks like we have been well and truly reamed!

Tamaska Farmin Agreement Payment Default
As a result of default by Parta Energy Pty Ltd (PE) (being a wholly owned subsidiary of ASX listed
Tamaska) in relation to a farmin obligation pursuant to a farmin agreement between ADX Energy
Panonia Srl, Danube and PE (“Farmin Agreement”), ADX has had to put on hold the mobilisation of
the 3D exploration seismic crew and has minimised ongoing financial exposure in relation to the 3D
exploration seismic program operations with the seismic contractor.
ADX has prepared all supporting evidence and a writ of summons with a reputed Perth-based law
firm to pursue on behalf of Danube what ADX is advised is a fair claim of damages caused by
Tamaska’s default.
Current Quarter Planned Activities include:
Remapping of reprocessed Iecea Mare 3D seismic data set.
Further evaluation of Iecea Mica-1 (IMIC-1) well test results and evaluation of proposal for
an acid frac program based on the encouragingly fast pressure build up seen for the PaIV
reservoir.
ADX will progress an appropriate legal recourse in relation to the default under the Farmin
Agreement by Tamaska.

IMIC–1 Well Testing: As reported in the last quarterly report on 30th October 2020 and related ASX
announcement on 14 September 2020, the acidisation of the Pa IV gas discovery perforation interval
resulted in gas flow to surface confirming excellent dry gas quality (methane) and a significantly faster
pressure build up than previously observed. The failure to flow at commercial gas rates without any
well stimulation is interpreted as drilling and completion induced localised reservoir damage rather
than an intrinsic reservoir quality issue of the Pa IV reservoir. This is also in line with excellent gas
shows while drilling, permeability estimates from rock typing and petrophysical data which all
indicated the presence of good quality gas filled reservoir, hence supporting ADX’ decision to test the
IMIC-1 gas discovery at Pa IV reservoir level with a cased hole perforation.
The well has been since put under pressure build up observation and built up very quickly to a bit over
160 bar wellhead pressure caused by gas inflow with significantly less associated water volumes
compared to the first build up tests. The first pressure build up test prior to the second acid job
resulted in a surface well head pressure of only ca. 120 bar. The observed build up time was also
significantly longer.
Based on these positive indications ADX has progressed several activities during the quarter:
Additional Well Stimulation and testing strategies
ADX together with locally experienced well testing and engineering companies such as Tacrom have
designed a potential skin frac job to test the concept of increasing the effective near wellbore flow
area of the Pa IV reservoir perforation in discovery well IMIC-1.
The completed operational execution program also foresees a relatively low-cost option to perforate
the slightly deeper PA V reservoir zone which was a proven oil producer in the ADX Iecea Mare
production license just a few kilometres further north (IM-30 well, 2.5 km north of IMIC-1) and is gas
and condensate bearing in well IMIC-1 (ASX release from 29 August 2019)

www.**********.co.uk/articles/myhealthchecked-raises-3m-to-fund-rapid-expansion-3a3696b

According to their RNS on 4/6/20 Deltic have applied for a number of licences in the UK 32nd licensing round. Wonder if one of them is block 7 or 47/7b which is directly below P2433 47/7a. Block 7 or 47/7b looks like it extends closer to towards the coast.
JF