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''However, in its filings, Permnipineft warned that pre-drill preparations may require the contractor to drop thousands of tonnes of stones to the sea bottom at the drilling site to aid a successful installation of the barge, because the expected water depth at the location is eight metres.''
I think that pretty much confirms the Contractor will bear the cost for installing the barge.
CASP should get between $9.3m and $11.5M for hiring the drill ship out and any upgrades are paid for by the Contractor to boot.
Another month has passed and CASP are still 'planning' to drill the A7 Deep Well and still 'planning' to mobilize a G40 rig from Block 8 to drill the A5 Deep Well and still waiting to spud the 807/ 155 Shallow Wells and still waiting to pull the stuck piping out of wells 141 Shallow Well and the 802 Deep Well.
I plan to wait ; -)
By Divermike.
going on
MJF:- Shallows
141:- Spud 2015 depth 2500m Sidetrack as per 142
142:- Spud 2015 depth 2500m Nearly completed sidetrack
143:- Spud 2013 depth 2750m Tender for pipe lines to GZU Oct 2023
144:- Spud 2017 depth 2750m up to 700 BOPDs 7mm choke
145:- Spud 2017 depth 2750m New sidetrack required
146:- Spud 2017 depth 2750m
150:- Spud 2019, 1st infill well, up to 500 BOPDs
151:- Spud 2020, 3rd infill well
152:- New well planned as a horizontal drill
153:- Spud 2020 depth 2503m Workover in prog 830 BOPDs 8.5mm choke
154:- Spud 2021 depth 2548m, up to 645 BOPDs
155:- Spud expected Q4 2023
South Yelemes:- Shallows
54:- Soviet sub economic 30BOPD
805:- 150 BOPD in aggregate with 806 and 807
806:- See 805
807:- See 805
808:- Spud 2017 3200m 6 intervals potential new structure
Yelemes Deeps:-
801:- Sinopec drill, Drilled to 5050m waiting for rig
802:- Stuck pipe
803:- Spud expected Q4 2023 target depth 4350m
804:- New well planned
Airshagyl deeps:-
A1:- Maps only
A2:- No mention on any maps
A3:- Maps only
A4:- Maps only
A5 – New sidetrack Q4 2023
A6- Repair required Q4 2023
A7- At 2000m to be continued to 5300m Q1 2024
A8- Abandoned
A9 New well planned
A10 New well planned
Block 8 Deeps:-
Well A:- A+B Combined 110 BOPDs up to 800 BOPDs
Well B:-
AKD-4:- Reached target depth 3922m
T-2D:- Reached 3408m target 3500m
Additional fields
Nsanovskoye Field:-
Tolkyn Field:-
Saztobe Field:-
Tasym and Bekbolat Field:-
You would think so re news out within the next 4 weeks with the following wells about to spud/ sidetrack etc. 807-155-141 Shallow Wells and the A5-A7 Deep Wells and the 802 possibly being contracted out this month.
I think we'll see at least 3 wells spud this month with possible Block 8 regulations signed off to boot.
So yeah news before month end is very likely.
Looking forward to seeing the A5-A7 Deep Wells finally drilling again.
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.