Granby Oil & Gas Share Discussion Threads

[bomfin] 24/12/2007 16:39

Love the prospects here.

Directors are loaded up. Big factor in our favour. imho dyor

[sranmal] 22/12/2007 14:16

Des,

How do you interpret the colour coding on slide 17 of AEY's November Pres ? Does the blue area in the Ness indicate water ?

Yes, I agree, water.

Notice that on slide 13 they have the same diagram but the Ness area is no longer blue but orange which I take to mean untested/unassigned reserves. Note also that slide 13 has the title "211/22a-1 Brent Reservoirs" which I take to be a typo as they're talking about Causeway on that slide so it probably refers to the big East Causeway well.

Agree to both points. Orange is stated as "No reserves assigned" (although they will be soon following AEY's 2007 drilling programme.

Based on slide 17 of that Pres I'd guess that the 211/22a-1 well encountered some oil but mainly water in the Ness.

I agree with that too!

[deswalker] 22/12/2007 14:07

bomfin you saddo ... you've just posted the same logic as me on the DNX thread. I guess we're reading it the same way then :-)

[bomfin] 22/12/2007 14:07

Blimey. Just posted similar on DNX thread. Pretty sure it's water and being updip and higher is good news imho dyor.

Also the 1 well had oil in the tarbert sandstone above the Ness. If structure is higher the 10 well may also have oil in the etive sandstone. imho dyor

[deswalker] 22/12/2007 14:03

sranmal,

Re: 211/22a-1 Ness formation

Very good points. A couple of comments.

The DTI has a TMD for that well about the same as our well but obviously things dip around so can't tell anything from that.

How do you interpret the colour coding on slide 17 of AEY's November Pres ? Does the blue area in the Ness indicate water ?

Notice that on slide 13 they have the same diagram but the Ness area is no longer blue but orange which I take to mean untested/unassigned reserves. Note also that slide 13 has the title "211/22a-1 Brent Reservoirs" which I take to be a typo as they're talking about Causeway on that slide so it probably refers to the big East Causeway well.

Based on slide 17 of that Pres I'd guess that the 211/22a-1 well encountered some oil but mainly water in the Ness.

I'd appreciate any thoughts on my logic.

Des

[deswalker] 22/12/2007 13:23

Next news will most likely be first gas from Tristan and the results from DNX's Scolty well (relevant to a Monkwell development IMO) around about 5 Feb.

[sranmal] 22/12/2007 13:11

Diagram of the Brent formations (from Antrim's Causeway field):


Full Causeway flowrates are on my Antrim BB. Of the 4 vertical wells that have been tested from the Ness, flowrates as follows:

211/23b-11 (1992): 8,100 bopd
211/22a-6 (2007): 4,300 bopd from a perforated interval of 62ft. Full details of gross/net payzones:
211/22a-3 (1984): 5,512 bopd
211/22a-8 (2007): 1,180 bopd from a 20ft perforated interval. Total 98t Ness payzone.

Kerlock Ness oil column 116 ft.

From my Antrim notes:


The Kerloch prospect is located ~2km from the original discovery well 211/22a-1 which tested up to 1,272 bopd from the Tarbert sandstone and ~10km NW of the Causeway 211/23d-17z well.

If correct, presumably the previous well was not drilled into the Ness or if it was, not tested. The a-1 well was P&A due to being uneconomic at that time:

[robizm] 22/12/2007 12:52

It would have been nice if they had tested the well as it seems they are doing it on a shoe string which may mean the deposit is not huge

[bomfin] 22/12/2007 09:12

Antrim energy with 21% of Kerloch went up the equivalent of a £35 million rise in market cap yesterday. Most of the action took place in Canada on the Toronto exchange.

[deswalker] 21/12/2007 12:29

There's the Burton Agnes RNS.

[gbrownings2] 21/12/2007 09:35

any idea why they dont flag up the announcement on ADVFN? - not that many trades considering the news

[deswalker] 21/12/2007 08:56

You're welcome dreggs. I also added a few first thing.

Yes, I've been expecting news of a duster from BA all week but nothing so far. It appears that the rig guy wasn't in the loop after all. But Kerloch was the biggie and it's come good :)

What a transformation of this company over the last few months with Poland, Galoc, Kerloch, Monkwell, rig contracts and NS farmout. Yes they deserve a great Christmas party IMO.

I'm planning on holding this share for a long time to come.

Merry Christmas to you and all on this thread.

Des

[bomfin] 21/12/2007 08:53

Des,

High to prognosis could mean bigger resources as you say. Tends to increase oil column from previous discovery also. imho dyor

[dreggspicker] 21/12/2007 08:39

Thanks Des, added a few more this morning, lets hope this has broken their duck, we still haven't heard about Burton Agnes yet! you never know it could be a goer as well.
I expect there will be a good office party down in London, and who can blame them.

Merry Xmas, dreggs

[deswalker] 21/12/2007 08:23

Reservoirs high to prognosis could well mean an increase in resources IMO. Note also that the Causeway well they mention only found 57 feet of Ness formation vs 116 feet here although the 7.5kbpd Causeway flow was from a big horizontal section.

Foxpetro issued an Anglesey update here a few days ago ...



The seismic looks good and they're looking forward to drilling next year.

[bomfin] 21/12/2007 08:17

Massive potential here. If Kerloch is up to pre drill expectations. Could be worth over market cap to Granby. imho dyor

[deswalker] 21/12/2007 08:08

Happy days :)

[bomfin] 21/12/2007 07:10

Kerloch is an oil discovery and Scolty due to spud before end of December.

[bomfin] 19/12/2007 23:38

This from kingfisher report dated 6th December.

Dana Petroleum plc - Exploration Drilling in Block 42/28d
Dana Petroleum plc is planning to carry out exploration drilling in Block 42/28d in the Southern North Sea commencing ca. mid
December 2007. It is anticipated that the duration of the well will be in the range 40 - 50 days with an option to conduct a further
14 day well test. AGR Petroleum is managing the well operations on behalf of Dana Petroleum plc with the jack-up mobile drilling
unit Ensco 100 performing the well operations.
During well operations, the rig and the Emergency Response and Rescue Vehicle (ERRV) will be equipped with Automatic
Identification Systems (AIS) for traffic monitoring. In addition, the ERRV will be equipped with an Automatic Radar Plotting Aid.
Well Summary: Location: 54° 02.375'N 00° 27.139'E
Block: 42/28d Well: 42/28d-J Drilling Unit: Ensco 100 Operation: Exploration
Estimated start date - mid December 2007.

[bomfin] 19/12/2007 15:51

hehehe!

Over a few days and big spread positions. For me anyway!:-)

[p@] 19/12/2007 15:15

BOM- Your loading up isn't showing up on the trades?

[bomfin] 19/12/2007 11:57

Loading up on these.

Even a disappointment at Kerloch should be absorbed quite quickly. imho dyor

[bomfin] 17/12/2007 14:54

5 Feb.

Isn't that far away. First production shouldn't be that long after that. Then Goil looks totally different. imho

[deswalker] 17/12/2007 13:21

I've got Tristan to finish on 5 Feb then hopefully Scolty to follow. I'll be watching this well for my (now topsliced:) DNX holding but also for a possible joint development scenario with Monkwell. Lots and lots going on with DNX & GOIL at the moment.

I'm still waiting on a decision by Fox Petro as to whether they intend to increase their stake at Anglesey. They just farmed into a block in quad 211 and so I suspect that they'll pass on the increase IMO.