Member Info for Pecten11

Canny, just a thought, quite possibly the relatively small cost difference for new wells into 19 is helped as according to Zaza, permeability(flows better - partially will be due to the gas helping resevoir drive) and porosity (higher volume of oil in place(?)), that there is no need to frac, thus saving a chunky bit of both time and moolah

That includes learning to watch out for bloody autocorrect! 'If I knew' ha ha

If iTunes half as much as you fg, then I'd still have room to learn something new 😎

Canny 're your last paragraph, it is possible to re enter wells like T45 and go deeper, but it would carry risk, especially around creating the bond between the existing wellbaore and the extension.
It can be done and this campaign has shown they're are using better cementing techniques

Personally, I don't think that would be done on those two wells unless production dramatically slowed at some point inn the future.
I think Zaza talking about the likelihood of new wells into 19 and beyond (apart from Niko plus 1/2 other existing bores) would allow both better cementing techniques to give greater long-term bore stability plus, I think, a greater bore diameter to allow greater flow (T39 only goes into 19 on a 5 inch liner)
I must admit the bit I found most surprising, most pleasantly so if literal, was the potential cost of an entirely new well being only around $3.6M.
The advantages over the sidetrack of old holes, costing $2.6 to $2.9 should far in exceed the relatively small cost difference

https://www.britannica.com/science/natural-gas

RB40, imo the addition of Zone 9 on T45 and DINO will be how we reach the 1000bpd by year end and I think that's not including Niko.
Worked out last night if you accept what Zaza said about being at least operationally cost neutral, together with being able to pay the monthly YA figure, we should be producing 650bpd at the moment

The only hole I see in that, is if we have already perforated and stimulated zone9 as part of the tests and haven't been told yet

Jeez Coggy, if anything deserves an OMG that does. GL

So very hypothetically if we are able to pay YA and be at least operationally cost neutral that would imply monthly revenues of at least $1.265M
Divide that by $65 (Brent at $75--$10) / 30 would imply current production of at least 648bpd

Mole, you know the numbers better than most, is it possible to put a figure to what FRRs monthly operational costs are?

Was wondering if by adding that to the $265000 monthly YA cost and dividing by a likely barrel of oil price ($65?), could an estimate then be placed on current production volumes?

It won't be definitive until the flow rates come in but thought that might provide an jdea

Sad, but probably the most accurate post of the day

Hail Janus

I'm sure the grass would be the wrong shade of green if BMD told him so lol

Time you were put out to pasture.

Zib, i thought you would, but also that some might not

Now that could be another good update - the gas composition from Zone19

Coggy, totally agree with regards to investment and infrastructure. That's part of why I think it was as much a technical exercise as anything else

A better result would have provided a much better window even than Woolies!

I'm of course playing a little bit of devils advocate here offtheball, but I think that may have been to suggest a way that any flow, even the modest 150,000 scf/d (around 25boepd) had been sustainable could have been produced, otherwise that would have led to further questions/doubts.

Zib, plugged and abandoned as a slightly vague term, can have more than one meaning. In this case it could mean setting a bridge plug above the perforated section, leaving the opportunity to sidetrack from above it, if the well bore is sufficiently sound

Thanks offtheball, the key point there is, as Coggy has said on a number of occasions and you have reiterated is we couldn't have monetized any significant gas flows at the moment.
Personally, I always thought UD2 was a technical exercise to show that commercial quality gas could be accessed from Zone F. We have now also shown that wet gas can be flowed from the Eldari B.
So imo, we are actually in a better position 're gas than in 2017. Could it have been handled better, hell yeah, but if and i stress if, any larger players have been interested, then we have more to negotiate with than in 2017

Just for the purposes of piddling in a hornets nest - who would be in favour of a fundraise to sidetrack UD2?
After all the 150,000 scf/d that were flowed was from much higher up than the original target
EDI seems to have done a good job on the oil wells

It wont be long till you are though with that posting style

If I ever needed a defence lawyer 2p, you're hired on the ability to make a story fit the facts😎

Brews up!