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You said - '' I saw a post that said it (FDBK) was a 100 bagger but let's be realistic and say a 50 bagger''.
That's your usual ramptastic guff at it's best!
Maawwwwhahahahahahahahhahahah.....
Coffeecups,
''N.Y Block so far 59 metres''??
You mean 121 meters!
More research needed.
''As previously announced our plan to bring Deep Well 801 into production was by drilling a side track of between 450 – 500 meters from a starting depth of 4,501 meters.
Having identified potential oil bearing (net-pay) intervals covering in aggregate 121 meters so far during the drilling of the side-track, we have decided to stop the side-track at a depth of 4,851 meters and, after running and cementing a 5-inch liner to the full depth of the side-track, to test the well.
Four potentially oil bearing intervals have been identified during drilling and supported by mud log data. The first of 6 meters between 4,535 and 4,541 meters; the second is of 20 meters between 4,554 and 4,694 meters; the third is of 59 meters meters between 4,635 and 4,694 and the fourth is of 36 meters between 4,812 and 4,848 meters.
The pressure in Well 801 remains high indicating good connectivity. As the side-track has been drilled using lower density drilling mud we expect the task of getting the well to flow to allow testing to commence should be easier than previously drilled deep wells.''
Yeah, A Block is very big indeed and we know it flows commercial quantities of oil, how far do the intervals stretch?
Yep NY is not as big in size, but there are 4 intervals which are massive (801 Deep Well), oil flowed to surface before becoming blocked with rocks/ fluid and one of the four net-pay intervals is 59m thick! so oil wise these 4 intervals could prove to have massive quantities of oil/ gas with shallower intervals to boot (802). After Wells 802/803 have completed they will then tackle the 801 well - I cannot wait for that to be gone back to, Geo's at the ready.
It's position building time atm for new and old investors as 2.5p won't be around for much longer imo.
Hi SmartyP1,
With 6 deep wells currently being worked on and the A6/801 Deep Wells to boot one of those 6 has surely got to come good this year, so I expect it will be a while yet before you sell some CASP as continued good news flow through 2H looks promising.
Like I've said a few times these wells should start coming in in the summer and with CE dosh rolling in Q3 and a sizeable increase in shallow/ deep production on the cards I'm hoping 30p+ proves the case Q4 with a dividend payment mention helping for early 2025.
If they can drill the A8 Deep Well 5K meters+ and flow it with no problems then they should be able to drill the A7/803 Deep Wells too though I often wonder if the integrity etc. of the Chinese drill strings are sub par dealing with the heat - pipes/links expanding a tad causing the stuck pipes, but hey A8 was drilled OK so....
Block 8 regulations being signed off can't be too far away now.
I've more than you'll ever own so don't sweat it pal.
How are those ridiculous stocks your pumping to high heaven on X doing? 30+ down now geez I hope peeps over there have paid no attention to your wild rampathons.
I think CASP are going to have to do a new CPR soon after Block 8 has been signed off to include some P1/P2/2C Reserves as the currently flowing two deep wells have been producing oil for sometime, however in saying that they may well wait until A7/A5/802/803 wells have been completed later this year (by summers end?) with new shallow Dolomite reservoir to include too, so new CPR year-end/ Q1 next year?
CASP say they'll be no more exploration wells drilled on the BNG contract area (Block 8 will definitely if there's oil flowing on the two new structures or not) so I reckon we could see an Appraisal Program put together early next year on the BNG license, it will cost a few hundred million to begin with with an oil pipeline included in planning costs - Major onboard after FEED done?
A busy year ahead and hopefully there'll be some bubbly flowing too.
P2..........Yelemes Deep
The Yelemes Deep structure extends over 36 km2. To date two deep wells, 801 and 802 have been drilled to depths between 4,000 and 4,868 meters with a third deep well planned to spud before the year end.
At Deep Well 801 we are working with external geologists to determine the next course of action.
''Deep Well 801 was originally drilled to a depth of 5,050 meters reaching Total Depth in July 2015. As with the other deep wells drilled at BNG the well was blocked by a combination of excess drilling fluids and rocks from the potential reservoir.
For an extended period, the Company sought to remove the blockage with the use of chemicals and by periodically opening and closing the well as pressures grew. During that time oil flowed to the surface under its own pressure.
In May 2018 the Company announced it successfully completed a 350 meter side-track from a depth of 4,501 meters by-passing the blocked pipe. A 5-inch liner was run to the new bottom of the borehole at a total depth of 4,852 meters.
During the drilling of the side-track we encountered four potentially oil-bearing intervals. The first of 6 meters between 4,535 and 4,541 meters; the second is of 20 meters between 4,554 and 4,574 meters; the third is of 59 meters between 4,635 and 4,694 and the fourth is of 36 meters between 4,812 and 4,848 meters. Subsequently we perforated 75 meters of the intervals identified.''.
The 801 Deep Well has massive potential - why is the 803 Deep Well drilling to 3,950 meters and not targeting these very thick intervals deeper down as in the 801 Deep Well?
The 802 Deep Well has found commercially flowing oil at 4,000 meters so maybe they're drilling the 803 Deep Well to the same depth just to get some deep flowing oil under their belt from this interval(s) and will leave the deeper intervals in the A6 Deep Well until the Geo's and A6-7-802-3 well out comes.
Block 8
The Block 8 contract area extends over 2,823 km2 with three identified structures and production from two existing wells.
Drilling at Deep Well AKD-4 has reached its planned total depth of 3,922 meters and preparations are underway to test the well (Deep Well T-2D, has a planned total depth of 3,500 meters).
What's interesting is deep oil has been found/ flowing across all 4 structures between a depth of 1,500m, whether any of the structures are connected is still to be discovered, a common factor is deep oil has flowed commercially between approx. 4,000m and 4,400m across 3 of the 5 structures with the 2 on Block pending testing - if at all, is this where the structures could be connected?
Airshagyl
The Airshagyl structure extends over 58 km2. To date four wells have been drilled to depths between 4,400 meters and 5,300 meters.
The Planned Total Depth of the A7 Deep Well is 5,300 meters with an interval of interest identified at approximately 4,000 meters.
Deep Well A6 was drilled on the Airshagyl structure in 2015. The well was drilled to a depth of 4,516 meters but given the experience gained in drilling the earlier deep wells, the drilling phase proved easier although issues were encountered when drilling through the salt layer.
Caspian Sunrise has twice attempted without success to perforate up to a 60-meter section of the 100-meter oil bearing interval, using different contractors on each occasion. After further investigation it appeared that both attempts to perforate the well failed with little or no penetration of the casing to allow oil to flow.
Get these intervals perforated and who knows how much oil will flow - tip for Shin use much more powerful explosives and frack this fukcer boooooooooooommmmmmm!
Deep Well A5
As previously announced the side-track from a depth of 3,796 meters successfully reached a depth of 4,405 meters without incident, which has become the well's new Total Depth.
Since then cementing has been successfully completed, the well extensively cleaned and subsequently perforated over a 63 meter interval from 4,331 meters to 4,394 meters.
Another whopping interval of 63 meters that flowed nearly 4,000 bopd, will the Block 8 rig do the job and the new formulated acid work? No stuck pipe please!
The A8 Deep Well flowed 120 bopd from 1 of 3 intervals but was deemed none commercial - at what depth was the interval that flowed and was this well drilled on the boundary of the structure?....................
After CASP acquired the option to buy Block 8 in September 2022 (nearly a year and half ago) I reckon CASP's drilling company spud the two Block 8 wells not long after around February/ March 2023 hitting TD in September and have now been ready to flow test these two wells for 5 months now. They will have drilled through various intervals of interest on the two new Block 8 structures so the question is what is it they're preparing to test? They will already know the interval(s) thicknesses and if any oil flowed to surface from an open hole/ saturated core samples, if you ask me it's looking good as you don't test water 😉
Roll on the Regulations etc. signed off.
Coffeecups/SmartyP1 - CASP have recently released RNS updates within a couple of months of each other so it's logical to think the next RNS update would be March/April but don't expect any TD's etc. other than what I've stated.
SmartyP1 - It's highly unlikely CASP will bore the cost of building a beach-pad as all costs and upgrades were agreed to be paid by the hirer who decided where the borehole should be, which is deeper than the drill ship is made for.
In your coms with CC did you ask him if they were waiting on Block 8 regulations to be passed before flow testing the wells?