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My how things change! A few months back Kalahari, Gazza, Knooby etc were calling 57p per TCF - and there were multiple TCFs back then lol, now - $1m buys 10% of the World Class - never seen in 45 years - play - and EME chose to say 'no thanks' - hard to argue with cold facts chaps Take Care
Knobby, I do not think this sector is for you, or your kind. I am interested in Coopgares opinion however., strangely silent for a self promoted 'rev head of some note' to not understand the characteristics and history of the Kione in this field - supported by previous sharp depletion curve and questionable company guidance - mind you he called the tight deeps completely wrong - just saying. We may well ask why the G1 was bypassed - we will have the answer shortly - meanwhile keep ramping Knobby my dear old thing - you have the stage to yourself. . Take Care
Knobby, does this answer your question? Perhaps the last paragraph is deja vu all over again haha didso seems to be on point here. Pays to do your research my dear old thing. Take Care 10 June 2013 GAS PRODUCTION TRIPLED RANCH�CAPAY GAS FIELD SACRAMENTO BASIN, CALIFORNIA Australian Oil Company (AOC) is pleased to announce that two successful perforations in the Cretaceous Kione Formation has tripled the previous daily production of the Rancho-Capay Gas Field from 350 mcf/day to over 1,100 mcf/day. AOC owns a 40% share in 5 producing wells in the Rancho-Capay Gas field in the northern Sacramento Basin in California. Two of the five wells, Flying Tiger 1-16 and Stoney Creek 1-2 have been re-entered and a new previously untested zone has been completed. Both wells are already tied into gas sales lines with Flying Tigers 1-16 currently flowing at 400 mcf/day on a restricted choke, having been perforated at a cost of $US9,000. Stoney Creek 1-2 was perforated at a cost of $US7,000 and is currently flowing at 330 mcf/day on a restricted choke. The Operator has advised that well pressures observed in both wells collectively could generate an unrestricted flow rate of up to 1,400 mcf/day but in order to maximize ultimate recoverable reserves, has decided to choke back the wells as detailed above.
Knobby my dear old thing - here is what happened last time SGC tested the Kione in this field. These zones deplete rapidly so the SP reaction at SGC and here is to be expected. I would expect a maximum 1000MCFPD over all zones once stabilised. Perhaps Coopgare missed this from 2013? Take Care QUARTERLY ACTIVITY REPORT JUNE 2013 SACRAMENTO BASIN CALIFORNIA Rancho - Capay Gas Field (SGC 40% interest in 5 wells) During the quarter Flying Tiger #1-16 and Stoney Creek #1-2 were re-entered and perforated in the previously untested Cretaceous Kione Formation. Initial flow rates recorded for Flying Tigers #1-16 was 400mcf/day and 330mcf/day for Stoney Creek# 1-2. Subsequently both wells have declined with Flying Tigers #1-16 now producing a relatively steady 80mcf/day and Stoney Creek# 1-2 producing about 20mcf/day. The Operator is currently considering perforating other zones and/or deepening these wells to enhance production. Los Medanos Gas Field (AOC 40% interest
bigjoke - I could have had that work finished in 3 months - not rocket science - the migration mapping should have been completed last year - no news on that either? Something screwy. Maybe they 'processed out' the prospects - seen it before - yikes! Take Care
bigjoke, good news is always rushed out on the AIM, bad news is delayed or buried, hence the SP - you really should be more honest with your posting as much of yours and knobs scribbles are nothing more than hope beyond hope. Take Care
Gazza I love this share I have been short since 25p (av now 21p), look back on my posts, will close out sub 10p, advised this loudly months ago to howls from (now long departed) fans , perhaps you missed that? However you and the reality defying knob should continue your ramps - long term it may be ok - but pain first. Take Care
Sellers are Bored and dumping , Buyers are Bored and running, Gazza very soon you will realise you have 'been bored', along with the dreadfully deluded rampers Knob of England and the prince of bagholders Kalahari. If you want the result of Zone 4 look at a screen near you. Take Care