Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Keith pointed put earlier.
The gas was biogenic instead of thermogenic.
From Google,
"Biogenic gas is generated at low temperatures by decomposition of organic matter by anaerobic microorganisms. More than 20% of the world’s discovered gas reserves are of biogenic origin. A higher percentage of gases of predominantly biogenic origin will be discovered in the future. Biogenic gas is an important target for exploration because it occurs in geologically predictable circumstances and in areally widespread, large quantities at shallow depths"
Long day but mou4 is updip? So if biogenic gas is at at mou3 and the reservoir is laterally connected from the wireline logs and nutech analysis. Would mou 4 have more of this biogenic gas? We know they're targeting thicker reservoir at mou4.
Again not my expertise.
Rns from 5th Feb
"following the completion of the Company's rigless testing programme, which is currently underway"
Rns from today.
"Phase 1 rigless testing operations commenced on 10 February 2024 after arrival at the well"
So the rns on the 5th was fraudulent?
All those delays and dilutions to then test with the wrong perforating guns.
Thanks surf1,
Although that doesn't answer my question.
I understand they don't want to rush and prematurely make any claims, so they will meticulously analyse the data.
It's the company that advised it will take 2 weeks based on their knowledge.
I've been looking up what setbacks can occur during flow tests.
Equipment failure, fluid losses and data error are some examples.
It looks like mou3 took longer than planned to test.
Keith you previously mentioned the heavy rains might of caused a delay.
I assumed the crews and tests were not affected by the weather? Or is it more, if theres no urgency then might as well wait until a better day?
Is there any other technical reason a flow test can take longer than predicted? What would be some
From what I've gathered online it doesn’t seem too complicated and we are only testing 2 x 5m zones in mou 3.
Joe80
They did an open hole DST.
Open-hole testing is the cheapest possible test since it does not require the use of casing, cementing and perforating.
It doesn't mean once the well is cased, they won't need to perforate to carry out flow tests.
I would prefer if results were released as and when available. You do grow a little impatient after holding 5 years.
Phase 1 results should grab enough attention.
Then phase two results can then build on the momentum.
Then mou5 drilling.
Then mou 5 results.
Time to let this run paul, there's enough loyal long term shareholders to prevent a hostile takeover if it came to that.
RB
Agree with your sentiments on placings and how they've been done but we're currently fully funded.
Seems like the last placing was a long time ago but testing was delayed so funds weren't utilised.
Phase 1 results hopefully breaks old resistance around 22/23.