Member Info for luckyman2

shpunken

Some people have a different agenda on their minds.
This has been a good RNS compared to what it could have been.
If they decide to test that will be a buy and top up signal for me.
How much it flows is not my major concern as it proves up the concept and will make Brian happy

We should get more info on Monday

Should get an updated RNS on Monday. imo

If this is commercial then its game on gain.
£2.50 LQ anyone?

Interesting read.
Our turn now.

https://www.share-talk.com/local-heroes-to-drill-oil-the-giants-ignored-near-lybster-caithness/

Thin beds are in cm
Gosh that is really thin then.
How do you then mechanically stimulate such a thin bed of sands.?

Based on cuttings and the results of preliminary wireline interpretation, there is a potential gross reservoir interval from 1,899m MD to 2,009m MD. Gas shows greater than background levels were observed from 1,908m to approximately 2,030m MD and included a range of C1 to C5 hydrocarbons. Preliminary interpretation of the intermediate wireline log data currently acquired indicates thinly bedded gas bearing intervals within the gross section, with initial estimates of net pay (based on various conservative assumptions) of up to 10.5m and an average porosity of 8% (a similar porosity to previous productive wells in the Company's existing discovery).

Just wondering if the 10.5 m of net pay is all the thin beds counted together or individual ones of 10.5m each.
Please enlighten.

IF ?

Will the Gas flow or not?
That will be the main question here as well.

We need more info before i can feel comfortable.
Will the gas flow?
Then if its worth a well test i will feel even better still.
But all will depend on the final well test results.

Just reminds me of Badile

Why didnt they wait till TD and logs done before releasing a vague RNS.
Still dont know if this will be commercial or not.
Keep us hanging on in here a bit longer i guess.

Doesn't look that good to me but better than being a duster.
Reminds me a but like Badile

Wick is the only exploration well in our portfilio
All the others are apprasil wells where gas / oil has already been found.

Wick Prospect exploration well, North Sea (spud 25 December 2018)
Resource estimate: gross resources of 23.5 MMBO
Chance of success: 30%

Wick Prospect exploration well, North Sea (spud December 2018) – 15% BOIL interest
Resource estimate: gross resources of 23.5 MMBO
Chance of success: 30%

30% chance of success.
Should know results in 2 weeks. imo

I think TE-10 results will be a grey area.
Maybe something like gas shows but not sure if commercial and will need more logs and tests.
Just to keep us Hanging on in there. imo.

I think Brian and the team will have a better idea now whether TE-10 will be a success.
Remember we are doing logs all the way down.
Just hope they show what they were expecting.

Corallian as Exploration Operator for Licence P2235 is pleased to report that drilling of the Wick exploration well (11/24b-4) commenced at 00:45 hrs on 25 December 2018. The Ensco-72 drilling rig will be on location for approximately 3 weeks.

So should have the results in around 2 weeks
West Brent results next week followed by Wick results the week after that.
This is going to be a very exciting company to be invested in over the next 2 Months.