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The well will now be situated 5.1km from the site of the original Chuditch-1 discovery well in a water depth of 68m. Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location.
Drilling Planning Preparations
In parallel to the recent Site Survey operations, drilling planning has continued at a good pace. SundaGas' experienced in-house drill team has further refined the well design, enabling the process of tendering for essential materials that have long procurement times such as well casing to have commenced. Design work on a Chuditch-2 well test (DST) is ongoing, led by SundaGas' well test engineer.
SundaGas is in discussions with drilling rig contractors and other third-party service providers in support of well construction plans. The Company is also liaising closely with other operators in the region that are expected to drill wells in locations relatively nearby.
Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable.
SundaGas and its joint venture partner TIMOR GAP are working on resources to ensure successful delivery of the upcoming Chuditch-2 appraisal drilling campaign. Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.
Should know by June 19th if the have secured a rig.
Baron is currently party to other Farm-Out and funding discussions which are ongoing and where progress continues. In addition, the Directors believe that it is an opportune moment to re-invigorate Baron's Chuditch Farm-Out programme, emphasising government validation, partial funding from the Farm-Up and operational progress, in order to add impetus to other funding discussions. The Directors believe that Baron's large remaining interest in the PSC is attractive to various types of potential Farm-Out and funding partners.
Https://www.energyvoice.com/oilandgas/asia/395942/chuditch-gas-discovery-stirs-excitement-offshore-east-timor/
Shell previously collected an enormous amount of technical data on the find. This covered everything from coring to running all sorts of logs that give Sunda a good basis of understanding. But Shell did not test it. They drilled in 1998, when there was no gas infrastructure and nothing like the gas markets today. Therefore, Shell, which was hoping for an oil discovery, let it go. “For us it’s a much more interesting commercial opportunity today,” he said.
“It’s a good discovery and it’s the same plover reservoir system you see in everything from Bayu Undan to Abadi, going through Barossa and Sunrise. The reservoirs encountered by the Chuditch well are very good. We are confident of very good flow rates,” added Butler.
Https://x.com/DrRyanDLong/status/1783420094728561143
In what is the largest mining deal since Glencore’s US$90bn (£56bn) acquisition of Xstrata in 2013, BHP has made a £31.1 billion (US$38.93 billion) all-share offer for rival Anglo America.
What is interesting is BHP were interested in Arcs licences but Arc decided to go with Anglo. Now BHP could them any way. BHP are Copper bulls. Either way the merger will take a long time to complete and we should be drilling in May onwards and upwards.
If AA's price wasn't down it wouldn't be a take over target. Obvioulsy BHP are seeing a lot of value that can be added. its a massive mining deal. The BHP bid could start a massive way of consolidation in the mining/copper sector. We all know Copper is going to go up.
Https://www.linkedin.com/posts/spe-london-section_chuditch-field-timor-leste-activity-7188832297704378368-hWpq/?utm_source=share&utm_medium=member_android wonder how that went.
don't know about anyone else but you have to do your own research ignore the noise decide whether you want to buy or sell and green box the ones who are constantly bickering with each other, its the only way to make sense of lse these days. there are no fundamentals here just people ****ging each other off.
Don't know about anyone else but you do your own research ignore the noise decide whether YOU want to buy or sell and green box the ones who are constantly bickering with each other, its the only way to make sense of Lse these days.
dr andy butler, baron's ceo, has given a video interview on the ************* platform which is available at https://www.di rectorstalkinterviews.com/baron-oil-ceo-discusses-strategic-vision-and-growth-plans-for-chuditch-gas-project-video/4121149240. in this interview, dr andy butler discusses baron's updated financial strategy, emphasising the goal of securing project-level funding without diluting equity at the plc level.
Info on the second well they are hoping to drill https://www.youtube.com/watch?v=Q7ht8YhV7vs