Member Info for MozzaBezza

Yeah, i'd be interested to know this too, Des, if you get a moment. Any rough idea on how long it will take us to get results once the flow test is completed?

I suppose IF they're flow testing now, then there's a good chance we might get news early next week.

I guess 24 hour flow test, maybe longer, but then I would imagine the data is put into a spreadsheet that then spits the rest of the numbers out, so I would guess bar any hiccups that would mean news quite soon.

Now, you may well be on to something there!

You have to zoom in loads to see it (1 nautical mile or so on the scale).

Has anyone else noticed the weird extra ship that has appeared? Vessel finder has it down as: 982570102

I noticed it yesterday and thought nothing of it, but it's still here now, the only downside is that it doesn't update the tracking as often.

I suppose the key will be how analogous the reservoir is to the Tune field next door, which currently it looks like it is.

My hope is that it comes back effectively the same as Tune (or hopefully better!), which would then be a big green light for us for having a prospect that could be monetised easily.

That's interesting. It lines up, TBH, with both the BOD's time lines and the time line from Heather Baily (Department Manager Integrated Studies, Business Development at OMV) on Linkedin.

"We’ll know more in October/November once we complete sidetrack and DST"

Valid point!

Ah, I didn't know about Gullfaks, so that's a good oberservation.

North Pomor on the way back to Norway. Might be nothing, but I think that's one of our tug/supply boats. Also, of note that thr standby safety vessel Stril Merkur that had been hovering around us is now off to another field, so perhaps that suggests they've completed a flow test?

All complete guess work, but fingers crossed.

Looking at more DSTs,

SDX, 2020, onshore Egypt, 16 days
FPM, 2018, offf shore Norway, 80 days,

It seems like the more I read into this, the more it seems to be somewhat pointless getting nunbers on it to compare, as they're increasingly such a wide sample set.

Well, only the DST times! Hopefully, we never reach a point when we have to compare the rest of the aspects of the firms!

USOP did a drill stem test in October 2020, now it's undoubtedly different, but they only quoted 4-5 days for the actual DST part of the process after drilling.

I guess that for us, the bigger question mark is probably less how long the DST takes and more of how long does it take to get to target depth from where the side track has been drilled.

Lots of tug/support vessels around the rig today. Might be purely coincidental, but equally it might mean they're getting read to flow test.

IF that's the case, then they'd be seriously infront of the BOD's 6-8 week time frame, which is the only thing that makes me doubt it a bit.

Well, on that note, I spotted that the tug/supply ship, KV Jarl had made a trip to the rig today, so something is obviously happening.

I would have lost a lot of SPAG marks for that post, sorry.

So looking aymt what happened with DSTs at Faroe:

They had one that took pretty mich bang on 8 weeks (27th April-29th June 2018), but thay 2as with a completely new well.

They had another one in 2014, that ran from 6th March - 10th April (nearly five weeks).

On the basis that they tend to over do time, frames I reckon that this will be a 4.5/5week run until the results, putting us in the news zone in the next 14-19 days.

I suppose the real question re. Time frames will be about where they start the DST and the side track from.

If they start it from the casing at ~4305m, then we'll be done a lot faster than if they start it from the 2495m casing.

I guess all of this will depend on the conditions down well, which only they'll know, but even with LBE's ususal extended time frames, I expect that we'll be done in under the six-eight week time frame, but let's see.

I guess we'll have to wait and see Paul, but I agree with you. Also, the BOD tend to over estimate time frames, so the end week of this month would be about right, that included.

It may well be that we can tell once the flaring starts, if they have any fire safety ships nearby, although with these fancy modern rigs, I guess they probably don't even need them for doing a DST.

Ah, in that case, you're probably right, Paul. See you all in a few weeks then nar anything else!

I think there's a fairly good chance that we'll get results from the DST sooner than the 6-8 weeks.

The thing is, they've drilled pretty much to the initial target depth, so i would imagine that they will start a new side track at 4000m (a bit above the initial reservoir) let's say, so it's not like they have all of that way to drill again.

I reckon that the result to say that they had found hydrocarbons probably had leaked out, but that people then took positions pre having any idea of how much.

My guess, and this is a guess, is that we maybe have to wait another couple of weeks.

I think that the move we'll get will be tied bang on to the minimum recoverable number of barrels and that $4/boe figure.

If they then chuck in something about having had offers for it, then maybe a bit more.

Firms that have big finds generally see big moves and I don't feel like that will be different here.