Member Info for smkr

Yup blue now. That’s a decent update

https://news.middleeast-24.com/business/208811.html

Following Navits’ strategy to locate potential oil assets with great potential and following the partnership’s earlier report of a 65% acquisition of proven oil discoveries in the Falkland Islands, the main one being the Sea Lion discovery, the partnership released an updated contingent resource report for the project, prepared by the NSAI. States that there has been a significant increase in the volume of resources, with Navits’ share amounting to approximately 293 million barrels in the 1C category and 463 million barrels in the 2C category.

Not a bad day of consolidation after yesterday. Countdown to spud is on!

Not too much selling. All early trades were buys, and quite a few of others. Cheapies under placing going - - - going will be gone..

Australia is the world's fifth biggest natural gas exporter. It exclusively exports natural gas as LNG, and is now the world's largest LNG exporter, accounting for 22% of international trade. In 2021, Australian LNG exports were valued at A$49.1 billion, or more than 10% of Australia's total export revenues.

https://theconversation.com/how-disrupted-russian-gas-supplies-will-hit-global-and-australian-prices-178023

“The prospect itself covers 400sqkm and is on trend and updip of Western Gas’ liquids-rich and low carbon dioxide Mentorc field.

Success will be a game changer for the junior JV partner given the potential scale of the resource.”

https://stockhead.com.au/energy/missed-the-oil-boom-hitch-a-ride-with-these-junior-jv-targets-instead/

Some perspective..

“The United Kingdom holds 7.32 trillion cubic feet (Tcf) of proven gas reserves”

It’s worth a shot. Imagine if this comes in and CLON own 10%?

https://www.worldometers.info/gas/uk-natural-gas/

Huge mate. I don't think people realise the scale of this drill. Compare 7.2tcf to known gas reserves of the UK and it's not far off. Imagine a hit and CLON own 10% of that lol.. mind boggling.

Moving a little today. Will be back over 30 soon enough methinks.

https://www.offshore-technology.com/news/western-gas-drill-sasanof-prospect-2022/

“ Based on Western Gas estimates, the prospect has a geological chance of success of 35%.

Western Gas executive director Will Barker said: “Sasanof-1 marks an important milestone for Western Gas’ exploration activities, being our first exploration well to be drilled since the discovery of the Equus Gas Fields, which achieved an 88% rate of success.

“The Mentorc discovery in 2010 was a play opener for the Barrow Delta Front. It proved that the area contains world-class reservoirs with low CO2 and high-quality gas and condensate.

“Building on the Mentorc discovery and armed with the latest 3D data and advanced geophysical techniques, Western Gas has been able to demonstrate that Sasanof has the potential to be another Giant Gas discovery.”

Mentorc is literally attached to Sasanof to the west.

Geological diagram in one of the presentation links below with Mentorc shown in proximity

https://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Good%20Oil%20Final%20070921.pdf

"The 2Tcf gas and 42 MMbbl condensate Equus resource (2C) is located offshore about 200 km northwest of Onslow, Western Australia, at water depths of 1000 m to 1200 m.

Development of Equus will be phased, with the first phase comprising three production wells linked by subsea infrastructure to a leased floating production storage and offloading facility. Processing on-board the offshore facility will include gas dehydration, gas compression and condensate stripping for export."

https://www.westerngas.com.au/equus-gas-project

Sasanof is east of this one above.

can’t see any pumping around wayne, so someone is buying and maybe there’s a reason, good luck all our time will come here

Targeting 7tcf low case on this one. Already 2tcf confirmed around us. £9m cap, my ars*

https://petroleumaustralia.com.au/wp-content/uploads/2021/07/Western-Gas-Sasanof-Technical-Information.pdf

“ The Mentorc Gas Field is a downdip discovery adjacent to the eastern edge of the greater Sasanof Prospect. Two wells have been drilled on the field, these being the original discovery well and a subsequent appraisal well that underwent full dynamic production testing.”

“ One of the key geophysical advantages, and reasons for recognising Sasanof as a significant play, is over 20 wells in and surrounding the Equus blocks have been used to calibrate the Glencoe 3D geophysical response. The data is now considered of excellent quality.”

“ Sasanof-1 will be Western Gas’ first well drilled from its extensive exploration portfolio surrounding the existing Equus Gas Project that contains a discovered resource of 2 Tcf and 42 MMbbl (2C2). The Equus Gas Project has a historic exploration drilling success rate of 88% with 15 discoveries from 17 wells.”

Agree mate. It’s just mechanics at the minute with placing being washed through, but once done .. 2 weeks till spud then the drill fun begins

Ey up!

"The Prospect is on trend and directly updip of the Mentorc Gas Field which contains a certified 378 Bcf of gas
and 16.4 MMbbls of condensate (2C1) and covers an area of 18 km2. The liquids rich, low C02 Mentorc Field is
the eastern fault block and is “filled to spill” into the updip Sasanof Prospect to the west."

Literally attached to us, and ours is 7tcf low case.

Phoebus has it right on this one lads..

This is adjacent to another discovery.. it's a high impact drill with a huge prize for a £9m m/c co.

https://petroleumaustralia.com.au/wp-content/uploads/2021/07/Western-Gas-Sasanof-Technical-Information.pdf

“The United Kingdom holds 7.32 trillion cubic feet (Tcf) of proven gas reserves”

So, if you could buy a share which would potentially own 10% the amount of North Sea gas reserves (if they hit) for £9m market cap, would you punt it?

It’s worth a shot.

https://www.worldometers.info/gas/uk-natural-gas/

Guys, you don’t get a slice of a gas pie that would potentially mean you own circa 800bcf or more .. starting spudding in two weeks.. and drill funded, for this cap. Let this churn on a red day happen and take advantage