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herb that will be a rollercoaster when we produce in volume and are at the mercy of poo. Onshore lift costs will buffer things to an extent. PMO touched 140p before falling off the cliff. Not too many wells drilled in the North Sea for £3m a pop.
Herb, it will be interesting to see how long SS flows jam from HH1. Recent sharetalk reference and corp presentation are very clear that HH1 will be 'tested' all the way up to HH2 spud. HH2 EWT takes us to HH1z spud and EWT. Then the $1,000,000 question to get full production approvals
Cyan, you're right the Portland prospect on IOW is huge. Bank that for now. We've finished crunching the numbers on the Portland, cards are on the table and it looks very lucrative. We've not finished the testing on Kim yet. We'll know soon enough. After these chips are down we'll have a better idea where to drill after the 6 wells at HH.
Scandic we've had communication from SS at both the start and the end of the first 2 horizons tested. We will get one when KL4 moves from clean up to flowvtest. I'm not a fan of SS but I'm not sure what more he can communicate through the EWT?
No doubt in my mind that the eyes have stopped some of the rot. It's sad that this is the environment that we find ourselves in that in lieu of news the sp only goes one way. I wonder if this shut in is the start of a pressure test or still an effort to help clean up the well. We don't get to many ops update on a Monday. GL
Toughiv, the 342 from KL3 was the average number from the flow test through 90odd feet if perfs. The well that KL3 wil produce from will be much different. Most references to production numbers is 1000bopd per well. The 3500 peak production will be down to timing of the later wells coming on line vs depletion of the initial wells. 6 wells is what is on the scoping doc and aside from HH2 and hh1z, none of the remaining 4 have been allocated to a horizon yet.
I Ask myself would I take the time to post countless comments on here if I wasn't invested? Why would I care one bit for people who are invested in stocks that I am not? Adults can make their own decisions. Nor would not care one bit for the noble cause of achieving a ''balanced ' view on a stock that I didn't own. Such people are either sad, deluded or sinister. Take no heed of them. Same applies to the shameless rampers. I will wait in official news and make my own mind up. GL.
Scandic If you are under water put your shares in the bottom drawer and come back in 2 years. The oil is there and hhdl have flowed over 13,000 barrels from an appraisal well. Bespoke production wells to be drilled and tested H1 2019. Life's too short to spend it being bitter on here.
The scoping doc gives some clues as to projected output. Max 3500bpd from the site with 6 wells. Can apply to increase if needed and timing if bringing wells on line needs to be factored in. But roughly 3500/6 = 580bpd per well.
Brocal , yesterday was indeed very disappointing. Flow 10,000 barrels out of 83ft if perfs and the market doesn't like it. SS does need a lesson on how to write an rns. All the headlines about what has flowed then an average of 342 buried in it. For me 9 pressure build ups means 8 flow segments. Why not list these? Pump on off. Duration, avg flow, choke uses, downhole pressure. The market has read the rns as a cover up.
Market didn't like it. Perhaps it was due to lack of future production guidance? Everyone sees the 342 bopd and thinks it's well off the mark? Maybe they see the 342 average against the initial rates of 700 and think that latter flow rates are well under the 340? What struck me is the last downhole pressure recorded, 800psi. The Portlands final psi was 200. Posters on this board should try to do a better job keeping expectations in check. What did people expect from the very first long test of the Kimmeridge from only 83 ft of play? Obviously much more by the look of the sp. GL