Member Info for Yoghurt

John presenting at the Deep Dive also said between TE9 & TE10 they intended in taking around 90 sidewall cores. Not traditional core sections (too expensive) but horizontal sidewall cores with a specialized tool.
This is exploration but also a data harvest.

Got to remake this with 'This is the man who sold SOU before TE9/10/11'

https://www.youtube.com/watch?v=O-M8cqWccdw

For what it is worth my view of the share price fall off is the 'sell on seismic' risk off money being taken against any drilling exposure.
I spoke to a CEO of another AIM oiler at a shareholder evening relatively recently, he knows JP, has watched the SE story play out, appreciates the potential but thought it ballsy JP was going to drill and not sell on the seismic. He said he would 100% sell on seismic.
In the back of my mind I couldn't help but think he was a little jealous of the SE potential.

Unknown at this time I believe.

Roger's work is all based on models with Algeria analogy... as none of the Moroccan wells thus far that we have contain depth drill or log data as we haven't penetrated our Paleo. That said they did make some noise about the Shell/Respol OSD1 getting decent carboniferous pay to the west and that assumed the modelling was of the same methodology we are using.

In the deep dive it is clear the new understanding ref TE5/6/7 were drilled in an active channel & 8 in what is thought to have been an abandoned channel of an alluvial fan.
TE9 & 10 are targeted at an axial channel / valley between fans on either side.

My understanding from that is we might not need to frac if they get this right. Especially when stimulation is known to improve flow rates but ultimately it is assumed those early stimulated rates have a steeper production decline (not to mention additional cost and complexity) than drilling a standard perforated well in a better perm/poros zone.

Only my opinion but they are drilling in a desert - The fact they take the casing protectors off and could presumably lube up would indicate they are about to use them, otherwise you would likely incur sand/grit contaminants on the grease.

The presumption here is they lube them on that sequence rather than just another visual inspection having just transported them into location on the racks.

Enjoy the fireworks this weekend. Stay safe.
Hopefully we can get some sound energy fireworks that last for about another 6 months.

SBB1 - A cheeky tweet next week will be most welcome from the guys....maybe with a tease by showing a little casing string or two...

This is what we came for.

24/7 operations but not all of it will be drilling obviously.
You can see from the webcam that when they are positively drilling sections one 31ft string piece is ~1Hr per piece.
we just don't have the information of active drilling times against logging, casing & misc.

Posted just after the close.

https://www.youtube.com/watch?v=2OygHQRxSPM

Looking like a casing RNS is due...

Warren Buffett: "When It's Raining Gold, Reach For a Bucket"

A few Chris Waddle & Stuart Pearce penalty takers today sending over the crossbar.

At the deep dive they mentioned OSD1 Shell/Repsol seeing 10% porosity to our west in the Paleo (top reservoir of Paleo - being carboniferous). So information shared and we must be somewhat confident to add that data to our modeling.

Brian in his interview with malcy talked about tightness in the southern and eastern part of the acreage so expect we are drilling north east and N west for a reason from TE5.

It is not just the TP, it is the two transaction timings CPR and DD that smell. Add that to CIP and then the registration of C4...I guess JP and MF are moving funds from this risk environment to another. Sensible for me as they were here early not sinister, that said I wish Continental were still 9% and JP was happy with his PAYE for now and was going to have his incentive scheme shares backing our penalty taking ability with TE9-10-11.

Could be two tomorrow.
First casing point and a JP trade?
One JP trade was metered against the day of the deep dive and the one earlier in the year was on the day of the CPR for A1. Smells bad if it is the TP, especially sub 40p and especially if it kills casing RNS news.

https://www.youtube.com/watch?v=SRAiWBHEhdk

I meant to ask at the deep dive but didn't get the question in & then totally forgot to ask during the FSC.
Has anyone asked what the implications of the southern and western edge of the high plateau & is consistent almost with our acreage boundary in that area? Having seen Shell/Repsol are located off to the west of that area drilling OSD1 would imply they are off the HP whereas we are entirely over it in so far as Tendrara / Anoual area?

As memory serves didn't they co complete across the two Austin Chalk and EagleFord Sandstone zones because of the frac? Does that have any implication on the 3yr shut in?

I think its the same design I think? 1st casing point ~450m, second casing point at around 2200m and then liner above the reservoir?

TE7 was ....2623 metres and that operations have started to set and cement the 7" liner in the TAGI-I shale formation. The well is now approximately 10 metres from the target TAGI-I reservoir.