Member Info for schlemiel

https://uk.advfn.com/stock-market/london/xtract-resources-XTR/share-news/Xtract-Resources-plc-Bushranger-Project-Drilling-U/86704400

https://uk.advfn.com/stock-market/london/solgold-SOLG/share-news/SolGold-PLC-Cascabel-Exploration-Update-Tandayam/86704300

Lancaster is ripe for intervention

https://www.worldoil.com/news/2021/12/1/uk-regulator-sees-untapped-potential-in-north-sea-oil-and-gas-projects

excerpt -

Well intervention rates also dropped slightly in 2020 to 22% of total well stock (25% in 2019). The lower intervention rates may be explained by the impact of the pandemic which reduced travel for offshore workers, but clearly there is a greater potential for operators to improve well production performance through interventions.

Intervention investment (£269 million in 2020) returned to 2017-2018 levels following an increased spend in 2019 (£393 million). On the positive side, the average unit cost of interventions, normalised by hydrocarbon production benefits, declined in 2020. Safeguarding intervention activities (preventative maintenance) returned the largest production benefits at the lowest cost per unit of production, when compared to other intervention activities. This opens a unique opportunity for operators to be more proactive in well intervention.

Carlo Procaccini, OGA Head of Technology, said “The pandemic clearly affected industry’s activity in 2020, but there are significant opportunities available to Operators to improve production performance through more well interventions. The OGA’s searchable, interactive report is designed to be a valuable resource for the industry to understand well activity and cost trends, and we will continue to support the industry in our benchmarking and stewardship roles.”

You'd think a large company would buy both SEE and SEYE to try and corner the DMS market

There's enough trucks, buses and other public service vehicles in the world to satisfy every DMS suppliers

The reference is to Cascabel not Solgold

Another one from Fed Hermes

nm

https://www.proactiveinvestors.com.au/companies/news/967828/alice-queen-appoints-solgold-co-founder-nicholas-mather-as-strategic-advisor-967828.html

https://www.seeingmachines.com/wp-content/uploads/2021/12/DMS-the-awakening-giant-of-ADAS-safety-_-Automotive-World.pdf

It looks very positive but as ever we need our techy posters to interpret this news from EEG and shed some light upon it, if they would be so kind...cheers fellas-fellesses

Comments from Managing Director Alex Underwood:

“Empire’s management team is delighted with the interim results of the drilling and formation evaluation of the Carpentaria-2 vertical section. Results reinforce our modelling of strong continuity of the Velkerri’s liquids rich gas target shales with a strong match with the Carpentaria-1 location 11km away, albeit 240m deeper at Carpentaria-2. Increased depth is likely to support increased flow rates while maintaining a cost advantage over deeper drilling. Live gas bleeds witnessed in sidewall core samples we cut from the target shales further enhance our view that strong production rates may be achieved once we commence flow testing.

We have commenced drilling the horizontal section of Carpentaria-2H, our first ever horizontal well, targeting the Velkerri B shale, which was the strongest contributor to gas production of the four target formations in the Carpentaria-1 vertical flow test.

Activity is strong across the basin. Origin and its JV partner Falcon Oil & Gas recently reported encouraging results in their Velkerri-76 well targeting the same liquids rich gas window of the Velkerri shale present in the EP187. Santos and its JV partner Tamboran have recently completed drilling two horizontal wells in the block adjacent to EP187 and fracture stimulation has commenced, with initial flow test results expected by the end of calendar 2021.

The recent release of the Federal Government’s National Gas Infrastructure Plan and the
Future Gas Infrastructure Investment Framework demonstrate the importance of the Beetaloo Basin in providing energy security for Australia in the years ahead.”

end

Carpentaria-2H pilot confirms Velkerri B target

• The drilling of the Carpentaria-2 vertical section by Silver City Rig 40 has been completed safely and efficiently to a total depth of 1,835 metres

• The well has encountered thick liquids rich gas shales across the four stacked Velkerri Formation pay zones with strong gas shows across the target formations and live gas bleeding from core samples

• Well log interpretation indicates a strong correlation in thickness and rock characteristics of the four stacked shale targets to the Carpentaria-1 location

• Target shales are ~240m deeper than Carpentaria-1 consistent with pre-drill seismic interpretation

• Infill 2D seismic acquisition in EP187 has been completed safely with processing and interpretation to commence soon

• Empire has commenced drilling the Carpentaria-2H horizontal section targeting the Middle Velkerri B shale

• An updated independent resource report will be prepared by Netherland, Sewell and Associates incorporating the results of the Carpentaria-2 log and core data

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02460502-2A1342655?access_token=83ff96335c2d45a094df02a206a39ff4

Interesting. What do CA know that we don't?

new - Yes, you're probably correct fella. As ever I'm desperately searching for maybe some hidden meaning in such appointments when the truth is as simple as you point out.....

6.5 yrs at Origin.
3 yrs at Santos
1 month VP at Tamboran

Close has gone from two of the largest Aus energy companies to one of the smallest.....I am intrigued by his move

I doubt Close would have accepted such a role if he thought Tamboran's future was finite. I reckon he's pretty confident of what they have after completing today's drilling program and gearing up for fracking...

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02459658-2A1342303?access_token=83ff96335c2d45a094df02a206a39ff4

We are e excited to announce the appointment of three executives to the management team of Tamboran Resources Limited. Each of these appointments bring a unique skillset and considerable energy experience to deliver the Company’s strategy of being the first to commercialise the core area of the Beetaloo Sub-basin in the Northern Territory.

“David Close has joined Tamboran as Vice President of Operations and External Affairs. He brings over 20 years’ experience in the energy sector, having more recently served as the General Manager of Onshore New Ventures with Santos Limited. Dr Close holds a Ph.D. in geology from the University of Oxford and previously worked in several North American unconventional plays. He also has extensive experience in Australia, including nearly a decade of experience in the Beetaloo Sub-basin, where he led both Santos and Origin’s exploration programs.

cont....