The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Fastfood,
Actually PETROL own GEO!..... Nafta Lendava is Government owned....
Fastfood,
It’s an OPEN Chat Forum you are entitled to tell people what you like!....
And others can debate such matters as they wish or choose!...?....;-)
Looks like Colin is presenting tomorrow:-
Colin HUTCHINSON (Ascent Resources) – Izzivi razogljicenja pri zemeljskem plinu- ali zemeljski plin postaja kralj energentov?
Predavanje bo potekalo v angleškem jeziku*
Translation:-
Colin HUTCHINSON (Ascent Resources) - The challenges of the decarbonization of natural gas or natural gas are becoming the king of energy products?
The lecture will be in English language *
Link:-
https://www.dnevi-energetikov.si/program/?utm_content=link_10&utm_medium=email&utm_campaign=oe_pismo_urednika&utm_source=10042019&f_tid=68a05205cda49eebcc467792a0fa51c0
FROM TWITTER BELOW-
London South East
@LondonSouthEast
Replying to
@Boss8017
Hello Boss8017, and presumably you mean me to ask why are the directors NOT buying shares. We have an interview bid in and I'll get back to you if its confirmed! Anyone else have questions? Thanks and all the very best, Donald
@DonaldLeggatt
#AST
Reso,
ACQUISITIONS & VENTURES depend on PERMUTATIONS, COMBINATIONS. AND PROBABILITY!....?....;-)
Fastfood,
You can leave me out of your ramblings, thanks!....
Would also add that permits are not required for new perforations in existing Pg wells for proven deeper sands and also pre-stimulation tests can be done on Pg-6 & Pg-9 and gas produced sold to INA. Compressors would prolong the life of ALL the Pg wells and increase gas recovery factor...
Will be interesting to now see what pans out over the next few weeks/months based on the below Field Development Plan as outlined in previous RNS’s:-
Field development plan:-
The Project has only begun to realise the potential from wells Pg-10 and Pg-11A and the field itself which has P50 net attributable reserves of 88 BCF and a further best estimate net attributable resources of 76 BCF. The net present value of the entire resource is valued by management and has also been assessed by independent third parties to be a significant multiple of the Company’s current market capitalisation.
In the short term and independent of permitting, subject to funding, the Company could seek to increase current production through a workover of Pg-11A to isolate and seal off the source of formation water and by the installation of
compression equipment to prolong the life of Pg-10.
Once the relevant permits are received the Partners plan to re-enter and re-stimulate both existing wells which, based on expert analysis, will significantly boost the long-term productivity of the wells.
The next phase of the development plan is to re-enter and bring into production all suitable existing wells. We estimate that up to seven of the existing Pg. wells and well D14 are suitable candidates and we have begun the process required to re-enter these.
As part of the process, we plan to conventionally perforate and produce from a number of these wells; this will provide data on the pre-stimulation performance of the reservoirs, while at the same time generating revenue for the joint venture.
While the focus of the development plan is to produce the significant quantities of gas in the Pg. reservoirs, the Company has undertaken further studies of the Pontian Upper Miocene (‘Pt’) reservoirs where around 6 MMbls of oil has been produced in the past. These studies have identified untapped potential in these reservoirs which could be recovered through additional drilling and enhanced recovery techniques.
In addition to the above the Company is currently assessing the feasibility of drilling deeper than the already discovered gas resources with the aim of discovering further hydrocarbon accumulations.
The estimated reserves and resources of the Petišovci field are very significant in the context of Slovenia’s national annual natural gas consumption while the country currently imports a large majority of its natural gas requirement. The Company is committed to ensuring that the natural resources contained within Slovenia can be extracted to the benefit of the Slovenian economy and the Slovenian people.
Mysteron,
Reso tends to conveniently forget on many occasions!...;-)
Reso,
The article confirms that permits in Slovenia do actually get issued having gone through the correct EIA process!....
Looks like The Upwing Subsurface Compressor System (SCS) 425 has now gone into commercial production following recent granted patents:-
Published on 1 Apr 2019
A high-speed downhole compressor system driven by a magnetically levitated permanent magnet (PM) motor that increases gas production and recoverable reserves by enabling greater drawdown close to the well perforations.
“As market dynamics are shifting, technologies are advancing, opening up new opportunities in areas once considered out of reach, including the work done by our Parent Company, Calnetix Technologies. Prior to Upwing Energy’s formation, over three years have been spent on the development of an economical subsurface compressor system for the artificial lift of natural gas.
Previously, only about 60 percent of the natural gas from reservoirs could be recovered from conventional wells and only about 10 percent from unconventional wells. When the natural pressure of the gas below the earth diminished, there was no other option but to cap the well. Now, our Upwing Subsurface Compressor Systems™ (SCS) can be utilized to increase the rate of production from existing gas wells, and to deplete the natural gas reservoir down to unprecedented levels cost effectively”...
An interesting video on the compressor and use:-
https://m.youtube.com/watch?v=6WYB9H01cAU
Will be interesting to see what compressor kit Ascent/Petrol Geoenergo/Geo use on their oil and gas wells, but the above kit is supposed to revolutionise the market???....
Fastfood,
You know Colin’s email and he does respond to civil, structured and reasonable questions if permitted, given commercially sensitive restrictions in answering the same!....;-)
Fastfood,
You are hilarious!.... Moi paid, for what posting relevant information out in the public domain???....lol
Glad Ascent ain’t paying for your jokes!!!...;-)
Reso,
Hard work and conviction tends to pay off when those working on something they believe in based on first hand knowledge and understanding of the same keep trying!...?....;-)
Would you like to open another “fortune cookie”!…?…
Environmentalists not to appeal permit for Petišovci refinery
Lendava/Jesenice, 9 April - The environmental NGO Alpe Adria Green (AAG) announced it would not file an appeal against the environmental permit for a gas processing plant in Petišovci (NE). It had already said it would be hard to challenge it since the investor has been insisting it did not entail a stepping up of extraction via hydraulic fracturing.
https://english.sta.si/2624816/environmentalists-not-to-appeal-permit-for-petisovci-refinery
Alpe Adria Green will not appeal to a petroleum refinery license...
https://www.sta.si/2624777/alpe-adria-green-se-ne-bo-pritozila-na-dovoljenje-za-petisovsko-rafinerijo
ARSO izdal okoljevarstveno delovanje za rafinerijo plina v Petišovcih:-
https://www.energetika.net/novice/clanki/arso-izdal-okoljevarstveno-delovanje-za-rafinerijo-plina-v-p#.XKxQJT5XJ78.twitter
Now that was a turn up for the books!....;-)
Other News on the Gas Processing Plant....
Petišovci refinery gets green light but fracking permit still pending:-
Ljubljana, 8 April - In the latest development in the controversial gas extraction project in Petišovci (NE), UK investor Ascent Resources has obtained the permit for a planned gas processing plant. However, according to Delo, things are not looking good for the investor in the separate permit procedure for hydraulic fracturing.
Link:-
https://english.sta.si/2624278/petisovci-refinery-gets-green-light-but-fracking-permit-still-pending
(interview) A. Bratušek on the Mura, the middle Sava and Petišovci:-
04.04.2019 00:15
Some procedures at the Ministry of the Environment and Spatial Planning (MESP) could run faster, Minister of Infrastructure Alenka Bratušek warns.
The Minister of Infrastructure appeared in the middle of the 5th Strategic Energy Conference in Rogaška Slatina. After the appearance, we asked her a few questions.
Hereinafter:
Minister Alenka Bratušek answered questions about the procedures for the installation of hydroelectric power plants on the Mura and the central Sava and on the pumping of Prekmurje gas.
Link:-
https://oe.finance.si/8946680