Member Info for Rivendell666

""The net present value (NPV) of this portfolio stands at around $51,000 per acre...."""

Try 10K per acre as I posted

""""Chevron holds the most valuable U.S. shale portfolio in terms of total net present value (NPV), according to Rystad Energy. The total NPV for Chevron’s U.S. shale portfolio is $72 billion, with the company’s acreage in the Permian Delaware alone standing at nearly $60 billion in NPV, Rystad Energy highlighted.

The full top 10 list, as outlined by Rystad Energy, can be seen below:

Chevron - $72 billion
EOG Resources - $42 billion
Shell - $31 billion
Anadarko - $29 billion
ExxonMobil - $23 billion
Concho Resources - $22 billion
Oxy - $21 billion
Pioneer Natural Resources - $20 billion
Diamondback Energy - $19 billion
ConocoPhillips - $18 billion

https://www.rigzone.com/news/top_10_us_shale_portfolios-13-feb-2019-158142-article/?utm_campaign=DAILY_2019_02_14&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F1

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"""Pure-Permian player Diamondback Energy holds the most valuable shale portfolio, according to Rystad Energy. The net present value (NPV) of this portfolio stands at around $51,000 per acre......""

https://www.rystadenergy.com/newsevents/news/press-releases/NAPE-Special-Focus-These-are-the-10-most-valuable-shale-companies/

So 542000 times only $10k/acre is a mere $5.4 BILLION.
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We can but dream .........

It's amazing if you put 542000 acres into Google and see the number of results...

"""Since 2009, the Bureau of Indian Affairs has processed 2,265 individual trust applications and restored more than 542,000 acres of land into trust. Geographically speaking, that’s roughly 12 times the size of Washington, D.C.""

Probably a conspiracy theory .......

If you add the areas of Paris and LA 105.5 + 1302 = 1407.5 sq km

Our 349000 acres is 1412 sq km

New Otto presentation via RNS

Alaska pages seem to be the same ......

http://www.ottoenergy.com/site/showdownloaddoc.aspx?AnnounceGuid=65846c22-298c-453f-9034-cf7f5f6f43ba&TE

A verge, pillow and a blanket ...... luxury ....... When I were young ......

Paid on the Friday morning. Bought some shares mid-morn....

Someone else having difficulty fracking in a new play ....

Someone else having difficulty fracking in a ....

Someone else having difficulty frac...

"" The disappointing results of the EMS 1001 stimulation have demonstrated the challenges of working in a new volcaniclastic play. As we continue with our very active 2019 work programme we .............."""

https://www.investegate.co.uk/echo-energy-plc--echo-/rns/result-of-ems-1001-well-stimulation-programme/201902120700056934P/

Investegate answers all questions ...

https://www.investegate.co.uk/88-energy-limited--88e-/rns/corporate-presentation/201901310700136084O/

Many companies working on this. Including BHGE who are analyzing IW2. Also

""BP Ventures invested $5 million in Belmont Technology to enhance BP’s upstream artificial intelligence (AI) capabilities,

Belmont, a Houston tech startup, developed a cloud-based geoscience platform using AI in which BP experts feed the platform geology, geophysics, reservoir and historic project information. The platform then links the information together and creates knowledge BP experts can use.

“This AI-based platform, which we’ve nicknamed Sandy, is expected to unlock critical data for our subsurface engineers at a much-accelerated pace,. “Our experts will ask it questions about our reservoirs like, ‘What factors control production in the Chirag field?’ Sandy will then interpret our data, including mapping out many more scenarios than are currently constructed, helping us make faster, better informed upstream decisions.”

BP expects Sandy to exhibit a 90 percent reduction time in data collection, interpretation and simulation. ""

https://www.rigzone.com/news/bp_invests_in_technology_to_help_upstream_business-28-jan-2019-158021-article/?utm_campaign=DAILY_2019_01_29&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F8 @@

Hope yer keeping warm today.

pp 15 says Torok sequence 4 and fan targets round about days 17 -20. But it shows the depth at 6500 ft, whereas "everyone knows" Torok is 12000 ft ish. Which is where the confusion lies.

Let's just hope that we find plenty of HC's somewhere. Perhaps enough Torok around the clock all night ??

"" Plans are to drill Winx-1 to 12,000 feet using Nordic-Calista Services Nordic No. 3 rig.

Armstrong said the Nanushuk oil his company encountered to the north was primarily less than 5,000 feet deep.

“The Nanushuk is the primary target and there isn’t a plan to test other zones but sometimes you hit things you don’t expect,” Galvin said.""

http://www.alaskajournal.com/2019-01-02/more-nanushuk-exploration-set-15m-test-well#.XFLnhVyeSqk 2/1/19

Something's weird somewhere. 12000 or 6500 ft. Torok or no Torok. ??

"" The MAID OF THE MIST CORPORATION is looking for a Full-Time 100-Ton Captain for its sightseeing boat tour operation in Niagara Falls, NY. The successful applicant(s) will be employed annually from April 1st until December 1st. (Subject to change at company’s discretion, dates may vary from March 1st - December 15th of each year). Work on weekends and Holidays is required. Overtime may be required.""

https://gcaptain.com/

Details of the ice-pad and road are on page 19 of our corporate presentation.

Why not set up an alert on Investegate for all your companies' RNS's ??

https://www.investegate.co.uk/88-energy-limited--88e-/rns/corporate-presentation/201901310700136084O/

""BP Ventures invested $5 million in Belmont Technology to enhance BP’s upstream artificial intelligence (AI) capabilities,

Belmont, a Houston tech startup, developed a cloud-based geoscience platform using AI in which BP experts feed the platform geology, geophysics, reservoir and historic project information. The platform then links the information together and creates knowledge BP experts can use.

“This AI-based platform, which we’ve nicknamed Sandy, is expected to unlock critical data for our subsurface engineers at a much-accelerated pace,. “Our experts will ask it questions about our reservoirs like, ‘What factors control production in the Chirag field?’ Sandy will then interpret our data, including mapping out many more scenarios than are currently constructed, helping us make faster, better informed upstream decisions.”

BP expects Sandy to exhibit a 90 percent reduction time in data collection, interpretation and simulation. ""

https://www.rigzone.com/news/bp_invests_in_technology_to_help_upstream_business-28-jan-2019-158021-article/?utm_campaign=DAILY_2019_01_29&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F8

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"Sandy, which small oil company represents outstanding potential ??"

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"Ok Sandy, We get the message"

Best Pie Chart Ever ....

www.screencast.com/t/5pU8NG9JWHHw

Hope yer better

An NHS RNS on Brom... ??

If Brom needs any medical attention I know a suitable place ....

http://www.arcticslope.org/services/hospital-services/

"" ...the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is .......

The software used in the Gulf, based on an algorithm created by Xukai Shen, a geophysicist straight out of Stanford University, led to BP discovering the crude in an area where it had long thought there was none to be found.

The new deposit was found with software known as Full Waveform Inversion (FWI), which is run on a super-computer and analyzes reverberations of seismic soundwaves to produce high-resolution 3D images of ancient layers of rock thousands of meters under the sea bed, helping geologists locate oil and gas.
It is more accurate than previous surveying methods, BP said, and processes data in a matter of days, compared with months or years previously."""

Maybe they've got one which works on HRZ !!

http://www.arabnews.com/node/1437871/business-economy