Member Info for maestro1

"Exploration success in the Nanushuk play-fairway is now being driven by the understanding that when reservoir quality top set sands are present anomalously high amplitudes are seen on seismic data."

http://www.ottoenergy.com/site/projects/exploration-and-appraisal/alaska

JonTangle

This is the aim market not an isa account, everyone knows its risky investing in aim market, if you cant take the risk stick to ftse100, bonds or isa accounts.

If you look at the real estate around our 4 blocks its full of oil, the nanushuk trend looks very good considering it found to be commercial 4 miles away.

I know for a fact 4 wells have been drilled near our block prior to 3d data, all encountered oil in the torok formation but reservoir quality wasn't good enough. Im very hopeful of the torok zone in particular.

Of course its all about risk/reward but there is a chance of them finding oil.

bye harry

Happy

There are 3 targets, seabee, nanushuk and torok formation. The firat seabee results early next week, nanushuk late next week and the torok week after next.

Im really interested in the nanushuk and torok formation. Seabee is a bonus...

jeffry

most of the overhang is cleared, remember they are dual listed. Well it increased from 3p when they issued placing.

Late this week/early next we can see some action.

IMHO

jndavid490

This is why i cant miss out and need to take the risk, oil is all around our acreage, i recall GKP years when sp was 4p peeps were saying all kinds of stuff then it came in, what a ride (which i missed).

Come on Red show us the black stuff.

RMP
"1972 well drilled on the acreage, Itkillik River 1, had multiple oil shows despite not intersecting any amplitude anomalies"

OttoEnergy
Further encouragement that the prospect will be found oil bearing is provided by the presence of oil shows seen in the adjacent Itkillik River-1 well drilled in 1978. Here oil was observed during drilling at multiple levels within fine grained sediments.

If 3D data had been available at the time Itkillik River-1 had been drilled, the well would likely have been moved further south to intersect a better reservoir quality and more continuous sand interval. This higher quality sand interval is the key target for the proposed Otto well.

Well apparently there is a 4th oil zone, should breach that by Saturday. TULUWAK formation, chance of monday rns

https://twitter.com/Belcourtoi/status/1097798121529196545

this is bottom, why sell now!!!

http://midnightsunak.com/2019/02/14/resource-development-update-whats-going-on-with-willow-pikka-and-winx/

With and exploration project like Winx, there’s less certainty about what might be found so there isn’t public discussion of first oil, facilities, or rates per day yet. The Winx-1 well will help to answer many of those questions and companies can then determine how much oil is recoverable, how many wells and what design would work best to drain the reservoir, and of course, how to transport and process the liquids once they’re produced. It’s great for Alaska to have projects at various stages, and great to see exploration happening again. It’s worth noting that the nearly $11 billion in capital projected to be spent over the next five to seven years is being done so without the benefit of traditional cash credits.

All of these fields intend to produce from the Nanushuk formation. It’s this rock formation, and the Torok, that have been driving much of the excitement over the past few years. In 2017, the USGS released an assessment of the Nanshuk and Torok formations and found that, at mean estimates, the Nanushuk and Torok formations could contain up to 8.7 billion barrels of recoverable oil.

happyhols

"What one needs here is commercial & movable quantity of HC's which is confirmed from the WL logs & fluid sampling. Hope this helps."

Will this be done after they reach td or while drilling with the live tool.

seeing that seimic amplitude map and the data gathering OSH done south of our blocks for the nanushuk trend, im feeling very confident....

IMHO at least 1 target will hit!! :))

cashforquestions

we are not the operators, its was only last april that they put our ownership to 37.5%, they couldn't do nothing till this happened.

Cinco estimate 1.6TCF of gas ion block, RMP will likely have to pay around $7m for there cost.

happyhol

our block on the bottom left has some missing 3d data, but that appears to be our main target, osh has done extensive research south of our block, im confident our nanushuk trend goes down the there first trend in the greater grizzley. diagram below:

https://postimg.cc/McS52fX8

In Philippines, large gas prospect in Cinco estimate 1.6TCF of gas.

Should it become a duster close to $5m in bank and this decent asset, someone was saying RMP is a one trick pony.

I thought they would have gone by now.

Not distressed but a flipper

Coldjoe

there are 3 zones targeting by rmp, seabee formation, nanushuk sands and the torak formation. Now the first one is extremely positive as oil shows were encoutered in the zone in our acreage in 1978. read this

"Further encouragement that the prospect will be found oil bearing is provided by the presence of oil shows seen in the adjacent Itkillik River-1 well drilled in 1978. Here oil was observed during drilling at multiple levels within fine grained sediments.

If 3D data had been available at the time Itkillik River-1 had been drilled, the well would likely have been moved further south to intersect a better reservoir quality and more continuous sand interval. This higher quality sand interval is the key target for the proposed Otto well."

Nanushuk is the main target but the seabee target is also interesting, they will be there next week, this is a short drill, success in either zones this is close to 40p. imho

https://www.oilsearch.com/investors/asx-releases/all?result_6773_result_page=1

Click on 17th jan new, its not 2017

Whats really interesting that oil search spudded well on 31st dec 18 and on 10th jan they informed mkt of a oil find in nanushuk sands. 10 day!!!!