Member Info for skyebeacon

Open the RNS on HotCopper and you can enjoy a fine picture of the ice road.
I hope this link works:
https://hotcopper.com.au/threads/ann-operations-update-winx-1.4612755/?post_id=37208195

MikeMike

Thank you for organising these Q&As.

I have been at a loss to understand why the frac fluid should not have continued to be expelled, given that the weight of fluid in the wellbore would have exerted a downward pressure of c. 5000 psi whereas the pressure in the surrounding reservoir had been calculated as c. 9000 psi.

May I offer a few observations - to be shot down or otherwise?

The pressure of rock strata would normally act downwards, while in liquids or gases pressure can be transmitted laterally. If pressure of 9000 psi acts on water in connection with the wellbore, it should drive it towards the foot of the wellbore where the pressure is lower, and there being no obstructions to entering the wellbore, on towards the surface.

So - it is not difficult to understand the explanation "no connection" but the critical question is "why no connection?".

Could the answer lie in the rock strata themselves? If there were an arch effect (imagine a ceiling of a cave), the expected downward pressure would be diverted away to the sides. Perhaps the well was sunk in an unfortunate place? If there is any validity in this theory, a horizontal well would stand a far greater chance of success, because any "arch" could cover only a limited area.

How many others sneak a peek at HotCopper whenever they get up for a pee in the night? (expect 4.6c at opening - things should buzz there tonight) or do we have real night owls on this board?

Greetings to all the wonderful posters on this board. I offer very little..... you are all quicker to the pen (or keyboard) than I am, but I'll throw in a thought for the week: I keep coming back to that statement in the 29 May RNS: "The wireline unit also 'tagged bottom' confirming that there has been no build-up of debris in the tubing during the shut-in period." Though clay content of the HRZ was measured as 38% (similar to Marcellus and Haynesville) there appears to be an absence of clays or sands which might have obstructed flow. Furthermore, by inference the proppant is still in place. So what is there to hinder the flow of the oil once the fraccing fluid has been removed? Remember, we have an over-pressured reservoir, 75% hydrocarbon saturation, porosity 30% higher than Eagle Ford, excellent matrix permeability, lovely light low viscosity oil (88E news, 20/6/16) in a volatile state, and an experienced and determined team. It has been an exciting ride for us investors, but June 2018 promises to be the most exciting to date !

A 4000 foot head of water should create about 1730 PSI (a little more than that for frack water), hence the inference from the lower pressure gauge that wellhead pressure could be approaching 3500 PSI. Curious that the wellhead gauge shows only c. 2800 PSI. Rather than quoting a range of possible pressures, should not the gauges be tested for accuracy? I'm happy with this news though. GLA

Hi jiddy, I corrected a duplication in post of Friday 17:44.. Asked for 3.52p instead of 3.48p. Cheers

Thanks jiddy, I'll take 3.52p if it's free, otherwise 3.58 otherwise 3.62

Given the apparent restraint this time around, I'll opt for 3.48p but would be delighted if a more optimistic bid takes the prize. Cheers, jiddy

Have just been watching the awesome caribou migration which ends on the Alaskan coastal plain (BBC4). "Caribou 88" was identified as one of the leaders of the herd....

460.8m shares @ 3.7cents gives A$17.05m - less fees of course. Rest assured BOD will use it well. GLA