Member Info for Mullins58

LETS GO DRILLING ! ATB

https://www.londonstockexchange.com/news-article/WRES/holding-s-in-company/15034385

Stephen Sanderson, UKOG's Chief Executive, commented:

"The start of Basur-3 drilling is a landmark milestone for UKOG Turkey and the Company."

https://www.londonstockexchange.com/news-article/UKOG/turkey-basur-3-drilling-commences/15034358?showDisclaimer=true

Excitement starting to build. Spud news soon. ATB

HH , thanks for posting. ATB

Dozza, thanks for posting. ATB

Yep, I intend to accumulate over the next 12 months, awaiting the outcome on my BCN holding at the moment. ATB

Added more this morning. ATB

come, when it comes. ATB

Spud not far away. ATB

An Appraisal Well is a vertical or deviated well that is drilled so as to understand the potential of a hydrocarbon reservoir before commercial production of oil from a well can commence. The drilling of this well is an important part of the exploration and production activities of an organization. In the chronology of asset development program, appraisal drilling in performed before starting the commercial production
During field appraisal programs, appraisal wells are drilled in order to ensure that the discoveries made during exploration field have enough hydrocarbons that can last long and give an economic appreciation to the organization findings. Once the appraisal wells are drilled they provide information such as physical extent of hydrocarbons, likely production rate from the field, flow of fluids and volume of fluids, etc.
During field appraisal programs, appraisal wells are drilled in order to ensure that the discoveries made during exploration field have enough hydrocarbons that can last long and give an economic appreciation to the organization findings. Once the appraisal wells are drilled they provide information such as physical extent of hydrocarbons, likely production rate from the field, flow of fluids and volume of fluids, etc.

Yep, usual green box for me. ATB

Gusher ? only time will tell. ATB

Rapid monetisation, months versus years in UK
• UK 4-5 year wait to long term production erodes ~40% of project net present value
• AME’s E. Sadak field in production within 1 month of well finish, official production consent in 7 months
• Right to produce enshrined in Turkish Petroleum Law (Article 6 (10))
• No lengthy planning or regulatory permission hurdles after commerciality established
• Turkish refineries must purchase all produced crude at market price - enshrined in Petroleum Law
• Export via road to Batman refinery - approximately same distance as Horse Hill to Perenco Hamble

df, don't seem to be any rush at the moment. ATB

spot7, Nicole is certainly getting on with things. ATB

Nicole Galloway Warland, Managing Director of Thor Mining, commented:

"These latest results are very promising for Thor as the gold anomalism in soils supports the stream sediment results, with gold clusters and trends forming in the Sterling Prospect. This confirms the significant exploration potential for a quality gold discovery at Ragged Range.

An old track into the prospect area is currently being upgraded to allow for the exploration teams to work independently without having to rely on helicopter support. This will speed up Thor's field work and allow follow up soil sampling to be completed quickly and will also allow access for a drilling rig.

We look forward to providing further updates on our continued progress."

https://www.londonstockexchange.com/news-article/THR/exploration-update-ragged-range-wa/15028567

Tin Demand

https://www.mining.com/web/graphic-energy-transition-metals-poised-for-uneven-explosive-run-higher/