Member Info for schlemiel

by SEE. If this is the case then I'm sure PMc would like to present this on the back of material news

To break from the current level we're gonna need material news. If that isn't forthcoming then we'll remain static

the director buying has stopped so could be entering a closed period and that may indicate some newsflow of some description

We were delighted to share #seeingmachines experience with Euro NCAP protocols for #safety tech with Australian counterpart, ANCAP Safety Ratings’s Mark Terrell last week at HQ. With a focus on #distraction and #drowsiness, experts from our #innovation and #humanfactors teams were on hand to showcase how our #drivermonitoringsystem tech is saving lives today.

https://www.facebook.com/SeeingMachinesLtd/

Tamboran Resources Limited

1d
View profile for Joel Riddle
Joel Riddle

Managing Director at Tamboran Resources
1d Edited

Tamboran Resources Limited welcomes the report from the CSIRO and appreciates the new data and analysis this report provides. CSIRO’s analysis found that GHG emissions from gas production in the Beetaloo could range between 2.4 million tonnes per year and 8.5 million tonnes per year (based on production rates of 365 to 1,130 PJ per year). This equates to 0.49% to 1.8% of Australia’s actual GHG emissions in the 12 months to March 2022.

The CSIRO report rightly points out that the life cycle GHG emissions also include the end use or combustion of natural gas. Tamboran is responsible for its own Scope 1 and 2 GHG emissions associated with gas production and other companies, or individual consumers are responsible for GHG emissions when the natural gas is used. Examples of this are to generate electricity, heat a building, or gas burner in someone’s home. The end use consumption of natural gas has higher GHG emissions than the production of natural gas.

While it’s important to understand the total life cycle GHG emissions of natural gas from the Beetaloo, it’s also critical to consider it in the context of where we are today. Australia is currently short of gas. The natural gas fields that Australia has traditionally relied on are in decline and AEMO estimates we will have a material gas shortage by 2030. Natural gas from the Beetaloo will be replacing these older reservoirs that Australia has traditionally relied on. Importantly, the natural gas in the Beetaloo has low reservoir CO2 (3% to 4%) and has the potential to replace volumes from these legacy fields with higher CO2 (15% to 20%).

Using natural gas from the Beetaloo instead of natural gas with higher CO2 levels is a real and immediate opportunity for Australia to reduce GHG emissions. While it is important to understand the life cycle GHG emissions of Beetaloo natural gas, it’s also critical to understand the life cycle GHG emissions of the natural gas the Beetaloo is replacing. We welcome this CSIRO study and will incorporate the findings into Tamboran’s own planning on achieving Net Zero scope 1 and 2 GHG emissions from first commercial production.

https://au.linkedin.com/company/tamboran-resources?original_referer=

Deltic Energy plc (DELT.L)

Equity Research
Peter J Dupont
0203 002 2078
p.dupont@allenbycapital.com
www.allenbycapital.com
– Pensacola licence: The P2252 licence lies approximately 75 km east of the Tees estuary
towards the northern margin of the SNS. Interests are split Shell 65%, Deltic 30% and ONE-
Dyas 5%. Since the well decision in late March 2021, Deltic has been financing its share of
well costs. Pensacola was originally evaluated by Deltic and is the first well in which it has
participated. The discovery is a vindication of Deltic’s technical capabilities.
– Drilling/test results: Well 41/05a-2 encountered the target Zechstein Hauptdolomite
carbonate formation at 1,745m and reached a total depth of 1,965m. Reservoir thickness
was 18.8m with an average porosity (ability to hold hydrocarbons) of 16%. Significantly, the
well penetrated the edge of the Pensacola structure in a down dip location demonstrating a
long hydrocarbon column. Mobile oil and gas was confirmed in the reservoir by wire-line
logging. Post acidization, 41/05a-2 flowed at peak rates of c.4.75mmscf/d. The flow rate
declined to 1.75mmscf/d after 12 hours on test. As Deltic has suggested, these flow rates are
not expected to be representative of those on future production wells which are likely to
target the central zone of the Pensacola structure. Black oil with a light API of 34-36? was
produced during test at 18 b/d. The significance of the oil has yet to be evaluated.
– Well costs: Deltic expects its share of Pensacola well costs to be £11.1m. This compares with
£7.3m intimated previously, including testing, with the variance reflecting additional
operational requirements during drilling, adverse weather conditions, additional testing
costs and adverse movements in exchange rates and inflation. We believe that the bulk of
the Pensacola well costs will be reflected in cash in 2023.
– The road ahead: Well 41/05a-2 will now be plugged and abandoned as planned. The
Pensacola project is likely to advance to the appraisal stage with appraisal drilling possible in
2024. We think a FEED (Front End Engineering Design) feasibility study is a possibility in 2025
with the development of the field and a gas export route following in 2026. In our view, the
earliest that Pensacola could comIn our view, the
earliest that Pensacola could commence commercial production would be 2027. Deltic has
indicated that, together with Shell, it is undertaking preparations for a Selene (WI 50%)
exploration well in the Leman sandstone fairway of the SNS Basin in 2024

Flow rates revisited

Following Deltic’s announcement on February 8 concerning Pensacola drilling and test
results, disappointment has been expressed in some quarters concerning flow rates. We
would point out that the well drilled was vertical and not optimised for production.
Development wells will be horizontal which will increase exposure to the reservoir pay
zone and should potentially boost flow rates.

Support for this view is contained in a study undertaken by the reservoir engineering
consultancy RPS for the Reabold/Rathlin Energy operated West Newton project east of
Hull. The study concluded that based on a detailed reservoir modelling exercise, using data
from the West Newton A-2 well, that production flow rates for the target Kirkham Abbey
reservoir are likely to be ‘substantially higher’ from horizontal than vertical wells.

RPS suggested that a production rate of 35.6mmscf/d (5,933boe/d) could be achieved
with a horizontal well optimised with acid stimulation. This compared with 1.8mmscf/d
with a vertical well similarly optimised. Interestingly, the Kirkham Abbey reservoir also
yields significant quantities of oil. The Kirkham Abbey reservoir is a carbonate structure
analogous to the Zechstein Hautdolomite.

Lastly, it is worth noting that according to industry sources, the exploration wells on
Breagh and Pegasus, among the most prolific fields in the SNS, initially flowed at rates not
dissimilar to Pensacola 41/05a-02. The variance reflected that development wells were
optimised for production and use either horizontals or highly deviated laterals'

https://www.allenbycapital.com/our-research/

scroll down

'Greatland Gold has a right of first refusal to buy that interest.'

I did not know this but now I do it puts a new slant on matters

thanks

not doing us any favours. Read his article titled 'Waitig for Goldot' from yesterday in which he covers GGP and other gold stocks incl. SOLG, HUM etc etc

https://uk.advfn.com/stock-market/london/seeing-machines-SEE/share-news/Seeing-Machines-Limited-Director-PDMR-Shareholding/90173873

'It looks from what we have seen in this announcement that this is a monster of a discovery and potentially much bigger than the company can say today. 164 Bcf would be ‘ a huge beast of a find’ and significant to not just the companies but also for the country.

Many congratulations to the management who have been determined as could be over the last few years and this is a monument to the patience of them and of course the shareholders. Partner choice was also critical in this respect which makes delivering the find easier without having to go through farm-out process. '

https://www.malcysblog.com/2023/02/flash-blog-deltic-jadestone/

B21 - no problem

looking frisky again and strong

still sat on a loss but the MBEYE tie-up adds confidence

Shell's new North Sea discovery could revitalise a mature area

Modest flow rates during testing expected to be much higher in the event of production
8 February 2023 9:04 GMT Updated 8 February 2023 9:19 GMT

https://www.upstreamonline.com/exploration/shells-new-north-sea-discovery-could-revitalise-a-mature-area/2-1-1400824

After so many years this can become a tad wearisome

Has this discovery opened a new province in the SNS? ie the discovery is a gateway to further finds

Pensacola could represent one of the largest natural gas discoveries in the Southern North Sea in over a decade.

· Deltic pre-drill volumetrics for Pensacola confirmed by well - P50 Estimated Ultimate Recovery ('EUR') of 302 BCF.

· Well opens a new Zechstein play in this mature basin.

· Flow test results inline with Deltic's pre-test expectations based on the reservoir parameters derived from the well.

How would GGP-Wyloo finance such a purchase?

nm

have a wonderful Fri