Member Info for TenthOfFoot

There are all sorts of additives that go into drill muds that make it best practice to bring cuttings ashore for processing and disposal. If I remember correctly the nearby Beatrice field produced very viscous (thick) oil . Piles of drill cuttings on the sea bed can also hamper further sub-sea operations.

Best count the chicks as they hatch. There are plenty of reasons for conducting a slow drill.

However I hope the drill is successful. I am not a holder ... yet!

Tenth

Andytr: well said mate! The TE9 posts were a great education though, especially in explaining Warren Buffets maxim about transfer of wealth. From the impatient to the patient. My average is 17p. Been in since Indonesian days and gradually built up. Still not home and dry but as a retired oil and gas man I understand the risks. So be it.

PNE79: maybe I need to drive south and spend that week-end in Preston. Will I need binoculars, should I get an attachment for my I-phone.

regards

Tenth

Let hope the parsons nose stays in its right place this Christmas! ... .. sorry couldn't resist it! JTF, its your fault.

I would have thought that offers have already been made. What worries me is that there seems to be no concerted effort to touch the Paleozoic. Why?

Fellrunner, your logic is chopped. Everytime you drill a hole, the geological information adds to ones knowledge of a formation, reservoir etc.. This knowledge is valuable and is not automatically released into the public domain ( ie you and I) . So what they learnt from Te9 via drill returns, gas readings will have impacted on the interpretation of the seismic picture. They will have seen this picture taking shape before reaching TD. It appears that the misinterpretation of the seismic made them drill into the wrong position of the anticline, and/or misinterpret the porosity of the shale (?) they hit. So lesson learnt. The lesson may not be relevant to the position of Te10 in the formation. I suspect that there were some in-office arguments about pre-drill interpretations and analysis, if so, lets hope the good guys win the debate this time around. Remember drilling involves poking a mile long thin tube into the earths crust, wetting your index finger and sticking it of the dog-house and saying - yeah that's about the right place. I could tell you what the tool-pusher says when he does hit the right spot, but it may get me banned from the board !! Have a nice evening. Tenth

Fellrunner, your logic is chopped. Everytime you drill a hole, the geological information adds to ones knowledge of a formation, reservoir etc.. This knowledge is valuable and is not automatically released into the public domain ( ie you and I) . So what they learnt from Te9 via drill returns, gas readings will have impacted on the interpretation of the seismic picture. They will have seen this picture taking shape before reaching TD. It appears that the misinterpretation of the seismic made them drill into the wrong position of the anticline, and/or misinterpret the porosity of the shale (?) they hit. So lesson learnt. The lesson may not be relevant to the position of Te10 in the formation. I suspect that there were some in-office arguments about pre-drill interpretations and analysis, if so, lets hope the good guys win the debate this time around. Remember drilling involves poking a mile long thin tube into the earths crust, wetting your index finger and sticking it of the dog-house and saying - yeah that's about the right place. I could tell you what the tool-pusher says when he does hit the right spot, but it may get me banned from the board !! Have a nice evening. Tenth

Logging is normal. It gives accurate data on geological separation zones and coupled with drill returns (rock chips) helps to confirm different rock formations. Any gas or oil returns should have been noticed already- in the drill returns, (mud and chips) You would be pretty dumb not to log! Rock chip samples will be tested, as they (hopefully) contain gas and oil particles.

This is being done by the book, as its should be !!

Incidentally, its not just JP who would be embarassed by a duster. The relevant Schlumberger managers would be losing their annual bonus which I can assure you is an important part of ones salary. I for one am not expecting a duster, but its always possible.

djryan777, I like your reality checks. If the newbies had been here in the Andrew Bell days they would know how lucky they are to have Gervaise managing he company. And Callum Baxter must have the patience of a saint, as well as a nose for gold. Maybe copper too!

I only have 2M, but my average is 0.00558p. I am practicing the Alf Ramsey look, just after England won the world cup. When he tried to look like the man who has just lost a five pound note !

The under-righters have to make a profit in the short term. Otherwise their working capital is tied up for too long.

Sound etal have done pretty good (avoiding the word well) to drill through all that shale and case it. Without any formation collapse, the mudman anf pusher knew their stuff. The liner will go into the reservoir and eventually be perforated at deliberate intervals in the formation. As some posts have noted, there can be flexibility in these arrangements.

Try Schlumbergers Glossary of oilfield terms. ( www.glossary.oilfield.slb.com ) Very nice little diagram under both Casing and Liner. Hopefully this will reduce the number of Alice in Wonderland posts.

You only get one guess at naming my last employer.

Tenth

Sound etal have done pretty good (avoiding the word well) to drill through all that shale and case it. Without any formation collapse, the mudman anf pusher knew their stuff. The liner will go into the reservoir and eventually be perforated at deliberate intervals in the formation. As some posts have noted, there can be flexibility in these arrangements.

Try Schlumbergers Glossary of oilfield terms. ( www.glossary.oilfield.slb.com ) Very nice little diagram under both Casing and Liner. Hopefully this will reduce the number of Alice in Wonderland posts.

You only get one guess at naming my last employer.

Tenth

Have worked for both Marathon and Schlumberger. Marathons geologists had a very good reputation. BUT being professional they will be watching the drill cuttings and any gas reading like a hawk, just in case the estimates are out .... because of any change in the geology. Nothing will be taken for granted.

Tiburn, thank you for the posts, I also appreciate them!

A couple of points. The minor one first. In the sixties and seventies they developed centrifuges to go through the tin spoil heaps at one of the Cornish tin mines to recover more tin and COPPER. It was a successful experiment. Centrifuges are quite hi-tech now.

More importantly - a few years back, the lady geologist in the GGP team mentioned copper. I think it was in relation to one of the Tasmanian tenements. It went quiet, almost as if she had been sat upon !! So it looks like copper is one mineral they may have been looking for all along. Lets see ... and hope.

In general, I don't think a lot of people quite understand the potential size of the deposits being defined by GGPs drilling. I tried a few calcs and my little calculator couldn't handle all the noughts. Also, we should remind ourselves how deep some of the South African goldmines go . As Mr Buffet says, we must be patient.

Tenth.

Tiburn, thank you for the posts, I also appreciate them!

A couple of points. The minor one first. In the sixties and seventies they developed centrifuges to go through the tin spoil heaps at one of the Cornish tin mines to recover more tin and COPPER. It was a successful experiment. Centrifuges are quite hi-tech now.

More importantly - a few years back, the lady geologist in the GGP team mentioned copper. I think it was in relation to one of the Tasmanian tenements. It went quiet, almost as if she had been sat upon !! So it looks like copper is one mineral they may have been looking for all along. Lets see ... and hope.

In general, I don't think a lot of people quite understand the potential size of the deposits being defined by GGPs drilling. I tried a few calcs and my little calculator couldn't handle all the noughts. Also, we should remind ourselves how deep some of the South African goldmines go . As Mr Buffet says, we must be patient.

Tenth.

Crude. Thanks. They probably wouldn't have said much about the well design. I am curious as to what pressures they expect in the paleozoic. I see a change in the BOP as a good sign. Tenth.

Why was the BOP being changed out? What was the pressure rating of the old BOP, what is the rating of the new BOP. Have the kill lines been upgraded? Did they speak to you about the drill programme parameters and the well design?

Mr Parsons is an accountant. The drilling company will have a Drilling Superintendent , or possibly just a tool pusher, to manage the spud and drilling operations; Sound will have a Company Man to oversee operations and ensure Sounds drilling programme is followed. As Sound is a small company it could well be Mr Mitchener .... if he likes cold desert nights and drinking coffee 24/7. Who wants an accountant CEO poking his nose into drilling operations, mud weights, drill-string and casing make-up. We wouldn't want JP to be bitten by a desert viper; although it would be interesting to see if the SP went up or down.

Mr Parsons is an accountant. The drilling company will have a Drilling Superintendent , or possibly just a tool pusher, to manage the spud and drilling operations; Sound will have a Company Man to oversee operations and ensure Sounds drilling programme is followed. As Sound is a small company it could well be Mr Mitchener .... if he likes cold desert nights and drinking coffee 24/7. Who wants an accountant CEO poking his nose into drilling operations, mud weights, drill-string and casing make-up. We wouldn't want JP to be bitten by a desert viper; although it would be interesting to see if the SP went up or down.

Do the terms of present permits prevent GGP from running a JCB along the ridge of Saddle Reef , emptying the bucket into a truck every now and again. Surely it could raise a few hundred thousand. They must have some sort of armed guard in the area by now? No need for any new shares for a while.

5eights account. Out of interest, my daughter bought 24,000 GGP at 2pm yesterday, to mop up some money in her HL Stock and Shares ISA. I was surprised it went through. A small holding but it will make a difference for her!