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Can someone please remind how far away the final proposed drill site(s) are from WN-A & WNB?
JB... it been a long time a-coming!
Pg 2 of 2
...
Iecea Mare 3D seismic reprocessing
A small 3D seismic survey has been purchased over the Iecea Mare production license (inside Parta)
from the previous operator Amromco. The seismic is good quality and has been reprocessed
previously by US based contractors. During the quarter, ADX reprocessed the 3D data set within the
Iecea Mare production license to take advantage of significant improvements in seismic processing
technology during the last few years. ADX has been able to achieve significant improvements in 3D
seismic data set in Austria utilising a highly experienced German contractor DMT.
ADX contracted experienced German contractor DMT to reprocess the Iecea Mare 3D seismic data
set. The data set will be remapped during the 4th quarter to further assess the potential of the PA 3,
PA 4 and PA 5 sands encountered in the well as well as the deeper basement play underlying the
IMIC -1 well where DMT and ADX could already achieve good improvements.
3D Exploration Seismic Acquisition
ADX had made good progress during the quarter in preparation to acquire 3D seismic with in the
Parta exploration license on behalf Danube Petroleum Limited (Danube) and Tamaska Oil & Gas
Limited (Tamaska), the farminee in the Parta licence. All key landowner and necessary authority
permits had been obtained with the final environmental permit expected prior to mobilisation of
the seismic acquisition crew in September 2020.
ADX Quarterly Activity Report - 30th September
...The IMIC-1 well was acidised and back flowed on the 10th and 11th of September 2020 with the
assistance of nitrogen injected to the bottom of well using coiled tubing.
Liquids recovered from the well consisted of well completion brine, acidization fluid that was
pumped into the reservoir, minor amounts of reservoir fluids and a yet to be analysed sludge like
material most likely consisting of fine reservoir solids and precipitation materials formed by the
reaction of acid with the reservoir.
Gas flow was observed at surface 12 hours after back flow with nitrogen on the morning of 12th of
September. The gas was a combination of methane gas and nitrogen. A number of well blow downs
of the well were undertaken over a period of 24 hours. Build-up of pressure at the well head was
substantially faster than pre acidization indicating permeability improvement from acidizing. The
pressure build up to near reservoir pressure indicated well inflow is predominantly gas. Gas samples
taken conformed excellent gas quality.
A proposal has also been received for an acid frac with view to achieve further permeability
improvements. The acid frac proposal will be assessed in conjunction with remapping of reprocessed
Iecea Mare 3D seismic.
Nothing sinister BH, just severely burnt by Sound/MTFB
I hold a reasonable number here and looking to a good positive outcome so that I can start to re-coup and recover from earlier bruises!
Hi, its been some time since i've posted here, but I've kept a regular eye on the board. Can someone with more knowledge than I explain what is likely to be happening on site at WN at the moment as there doesn't appear to have been much activity this past week and I was wondering why that might be so??
Fingers crossed that its nothing too sinister or untoward as there has been no RNS out to inform the market of drill problems.
The flow testing of the WNA-2 well commenced earlier today.
The well test programme is scheduled to continue for the next 4-8 weeks.
The necessary regulatory permissions and consents are in place for this test.
Additional information regarding the test programme will be made available once the relevant data has been collected and analysed.
Agreed BL, context was he was comparing Biscanthrope with WN - which I think actually bodes well for us all here...
...find @ West Newton - from Dave Bramhill this morning on Proactive Investor clip.
Nice to know... :)
FWIW I hold RBD and not UJO. Frankly all I care about with is that we have a huge discovery and that everyone pockets loads of money. We should all be delighted with the initial findings and have fingers cross for EWT and all subsequent activity.
GLA RBD and UJO shareholders
Hi JB: agree with your take on this... it would be good if S&S can unearth other WN, Parta or California opportunities , although hopefully these will see our SP rise significantly as further clarifications about volumes become clearer.
GLA
After Sound and Echo.... a timely change of fortune
Thank you Raithlin and RBD!!! Bacon saved.
GLA!
Sure this has already been shared, but just in case folk haven't yet seen it, this is what the noise is about at West Newton
https://www.share-talk.com/west-newton-a-2-what-you-are-looking-at-if-offshore-reserves-onshore-2-2-2/
Fingers crossed. GLA
...sad posts this morning. I staggered at the apparent ineptitude being displayed here by the BoD in so many ways...and trust is key as pointed out this morning. I have so little confidence in the BoD having the capability to turn this around that I am this morning considering baleing out with a very significant loss. I need to have some belief that my rapidly diminishing investment can recover to some extent. The challenge for me is do I deep down believe that MTFB will do so, as much as I would like it to for many reasons. My answer is no, i don't.
I wish all remaining stakeholders well and hope that by some miracle things do turn around here.
GLA
...sad posts this morning. I staggered at the apparent ineptitude being displayed here by the BoD in so many ways...and trust is key as pointed out this morning. I have so little confidence in the BoD having the capability to turn this around that I am this morning considering baleing out with a very significant loss. I need to have some belief that my rapidly diminishing investment can recover to some extent. The challenge for me is do I deep down believe that MTFB will do so, as much as I would like it to for many reasons. My answer is no, i don't.
I wish all remaining stakeholders well and hope that by some miracle things do turn around here.
GLA
I missed the call today - not sure f that was a good or bad thing given the outcome. Were any reasons - plausible or not - actually offered up as to why they missed this elevated liver toxicity uptick post trial?
Personally still struggling to understand how MTFB is where it is given the supposed collaboration. Pretty desperate situation which still feels as thought it could have been avoided.
Apologies for the gobbledegook here - my brain is still scrambled by the sheer disbelief in the incompetence being shown by highly remunerated people - still! - who should have done better!
My sympathies extend out to all LTHs who have invested considerably in this drug (including myself) and not just for the potential profit, I hope that you can recover some of the funds lost here elsewhere..
...our Dr.Who moment?
Here's to a positive outcome.
GLA
Sorry, why did you buy?
ST: It might start there, but I'd be really disappointed if it didn't finish somewhere above 30p if positive. If its really positive, I'm expecting 60p+
Of course, conversely I don't want to think too hard about the downside.
Have a good weekend all!