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Lets hope so.. I wouldnt mind a TG interview updating us on the RFP announcement last week and todays news, its always good to hear from the man himself.
GL.
I agree. As long as there is more than enough gas flowing to supply the initial 2MW then all is good. I dont know how much gas it takes to supply 2MW but some research I did a while ago I came up with around 280,000-300,000 cfd. Im probably wrong, but it would be good to know what the actual figure is.
Cheers Tom
Found this from a few years ago on flow rates for the Selemo pod..
Recent activities have focused on dewatering and production testing Tlou’s pilot operations. At the Selemo Pilot Pod, gas flaring commenced in November 2014 while dewatering operations continue. Tlou decided in December 2014 to determine the gas flow potential of the well by conducting short term tests as part of the longer term testing process to determine the commercial viability of the gas flow rates. These short term tests resulted in the Selemo Pilot Pod achieving a peak gas flow during production testing of almost 400,000 cfd.
Am I right in thinking we could possibly achieve 2.4MMscfd from the 6 wells? Or is my thoughts pie in the sky?
I was starting to think Lesedi 4b had issues, so a sigh of relief there. 1 step closer to monetising our asset, sweet....Roll on flow tests and RFP award!
Its hard to say how long it will be for gas flow rates announcement, but has anyone any facts or educated guesses on what 2 x Dual Lateral (6wells) could potentially produce?
GLA
Correction * Highest paid trade from ‘Tuesday’ Afternoon *
Imo thats a buy, I dont think it would have been possible to sell 900000 Shares in one go and its the highest paid trade from yesterday afternoon at 6.05.
Just my opinion, but if it is a large buy possibly because of a leak then another few big buys should pop up over the next few days.. Mmmmm....We shall see.
Gla
Too true AJ, but for me its all about 2019.
P.S. I invested here the day after their IPO at 8.02, but sold out a year later after all the epic fails and missed promises.
Imo this ‘could’ be their year. If im wrong, then sobeit..
Gl
S7, I was thinking along the same lines. Seeing how much has been spent and the effort gone into this project, they will easily extend the deadline.
Heres a quote by Rovnag Abdullayev back when the contract was being finalised- ‘Muradkhanly is a very difficult oil deposit, and has some problems’
He well knows the risks.
Gl
Heres the link to the source
https://www.researchpool.com/download/?report_id=1512077&show_pdf_data=true
Carlosan, I googled this:
REDEVELOPMENT PLANS
Zenith believes that this lack of maintenance and gradual dilapidation of field equipment is the principal cause of the decline in oil production and that these fields are far from reaching a stage of natural depletion, as demonstrated by the fact that the majority of wells produce without any artificial lifting but only for the natural pressure in the structure. This was confirmed by the recent Competent Person’s Report (CPR) which assessed 2P reserves of 33.4 MMbbl of oil net to Zenith (31/3/17), excluding the reserves impact of a potential, yet not certain, 5-years extension.
The REDPSA conditions state that Aran must achieve a production increase of 1.5 times from the 2015 average of 310 bbl/d within two years from the effective date of the 11/8/16, hence by 11/8/18. The quantum of improvement being a condition of the REDPSA, failure to deliver would invalidate it, under the licence terms. However, judging by current progress, this condition seems already within reach one year in advance.
In the period 2017-2020, Zenith plans to workover a total of 44 existing wells which are currently inactive or producing at rates of below 5 bbl/d to bring rates up to 10-15 bbl/d using improved technology, non-damaging fluids and optimised treatments, according to the following schedule: 10 wells (2017), 11 wells (2018), 15 wells (2019) and 8 wells (2020).
Zenith intends to drill 5 new wells in 2019 and 10 new wells each year until 2033, when the new drilling programme will be completed, i.e. a total of 145 new wells out of which 58 will be horizontal wells in the Mid-Eocene. As a result, Zenith expects to reach peak production level of 13,693 bbl/d in 2033
Gl
No worries Tom. Too true about the MMs, practically no sells, but atleast its doing the right thing by going back up again.
I’m sure TG and team are beaming that the first pod is completed. Roll on Lesedi 4a and 4b which according to TG’s interview will be much quicker:)
*single laterals*
Fair enough Tom, it may not have been a value accretive event, but I said derisked ‘current operations’. They have a contingency well- Lesedi 5 for the purpose off a failure at Lesedi 3a,3b or 4a,4b or in the event that they may have to be completed as singling laterals like what happened in 2013.
“The lateral Selemo 1B commenced drilling in August 2013. However, this well encountered problems which eventually led to the drill string becoming stuck in the hole at 536m measured depth. This well was subsequently suspended and Selemo was completed as a single lateral pilot pod. At this point activity moved to the Lesedi pod which was designed to be completed as a dual lateral pod”
Thats was why I said derisked current operations, which the team have rightly done so. IMO, Todays news should be interpreted as great news, and does not deserve the mediocre reponse in the SP drop.
GL
Why is the market not buying in Tom?
That RNS is a huge step forward and derisks current operations significantly.
Im confused lol.
Lol. I think the small writing says www.tlouenergy.com.. I would expect a website updtate soon, hopefully;)
This should work
https://mobile.twitter.com/TlouEnergy?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Wressmycase, i couldnt find one, but heres some info if that helps.
https://finance.yahoo.com/news/owns-most-zenith-energy-limited-040520860.html?guccounter=1
https://simplywall.st/stocks/ca/energy/tsxv-zee/zenith-energy-shares/news/who-are-zenith-energy-ltds-cvezee-major-shareholders/