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HEP Hephaestus

2.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hephaestus LSE:HEP London Ordinary Share GB0007614935 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hephaestus Share Discussion Threads

Showing 151 to 173 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
10/10/2006
12:37
Nice one Fredling.

You've certainly summed up well my attitude to Russia post Yukos. Gazprom's games with Georgia & Ukraine haven't done anything to change my mind and as for Sakhalin...

And my Russian bargepoles come with telescopic attachments for deployment in the Stans. I'm afraid I don't know one Stan from another but Oxus makes my wallet shudder.

However if you want a HEP bear you'll have to look elsewhere. Sure nothing in life is without risk, but I say the market's offering 10 to 1 odds on this one and reckon the real odds are now looking better than evens.

rapier686
09/10/2006
19:39
Now just a cotton picking minute Rapier don't put any slight doubts on this board!

We BBers here are optimists dreaming of huge fortunes to be made from gas bubbling to the service, relishing the thought of buying the little lion cub before he becomes the big beast, loving the thought of thinking that even the French Government are saying "Sacre Bleu! How did the Robsiefs get hold of theese site"!

How dare you try to deflate our hopes with Pomposities and Mr Darcies - take your gloom and spread it on the other boards.

Tell Max Petroleum BB that their shares are not worth even 18million because about a pints worth of oil is coming from the bit of Kazakhstan they own.

Tell Forum Energy BB that their Gas is rubbish because its somwhere under the South China Sea and hasnt seen the light of day since the last bout of Global Warming.

Tell VOG that it don't matter a Bishops curse/veiled woman/kosher mince pie about anything under the ground cos the Ruskies will take it away from you as soon as you prove its there.

Attack any other BB. Go on! Go On! Go on!


Leave us to our RNS and dreams of squllions.

Fredling


(PS Good points though Rapier!)

fredling
09/10/2006
10:04
Thanks that is very helpful I supose we have to cross our fingers until they carry out and publish items 2,3,4 & 5 of their program analasys and replay this to us in some meaningful format relating to what they expect to be the output of the gas wells.
lmhardy01
09/10/2006
09:35
Oh and of course fraccing (very important for vertical CBM wells like Powder River) is to artificially induce fractures to greatly enhance permeability in the neighbourhood of the well bore.

Stick a load of fluid down there at very high pressure to open up cracks, and a load of proppant (eg sand) to keep the cracks open. EPG say they might try fraccing their horizontals if it proves neccersary.

Other terminology - they propose to drill their horizontals under-balanced which means less pressure in the drill bore than the formation so that drilling fluids don't escape into formation risking bunging up cracks and so messing up permeability.

rapier686
09/10/2006
09:12
Permeability is the ease with which fluids flow. Measured in darcies, well millidarcies.
Nothing like so easy to quantify though, especially in a fractured medium like we hope the coal to be, because it will vary considerably from area to area.
They could measure permeability by injection/falloff tests (which I believe to be stuff a load of high pressure fluid down there and watch how fast the pressure drops off), or I gather wireline log tools can measure it somehow or they can look at the core samples they've got on the bench.
I'd be looking for 1mD, 10mD would be wildest dreams stuff and 0.1mD would be rather worrying. But one figure may not be so meaningful.
Far East Energy here

are reporting orders of magnitude better permeability as seen by horizontal wells than in-hole measurements. Some nice comparative figures quoted in that release.

rapier686
09/10/2006
08:37
Question Rapier you talk about permeability is this something that can be quantified if so what is the measure? what is good, what is bad? in this context if so why have they not anounced this measure and are they hiding something.
Also announcement up on Plus

lmhardy01
09/10/2006
08:23
Thanks for the USGS link, I will read with interest.

The gas content is nothing to write home about - as a rule gas content should run linearly with depth and these coals are at 770-1270m depth. Powder River may be shallow and very low gas content, but it's not hard to find gassier examples at 500-700m depth.

The worry at depth and in high rank coal is always going to be permeability - and however good it is, permeability here will not remotely approach Powder River levels. Fortunately there's some reassurance in "gas which was visible as a bubbling effect which suggests permeability in a qualitative sense" and "with regular sub vertical cleating".

I'm really rather excited. I had planned to lose my EPG holding (somewhat smaller than my HEP one) on this announcement, but perhaps everyone else planned the same because there's hardly been any response to it. I was hoping for a nice round dollar.

rapier686
09/10/2006
06:54
Buffin - I agree - some positive comments there, and they seem sure of the reserves upgrade. They confirm visible bubbling suggest qualitative permeability - although final results are due. Even the incidental comments are confident of outcome - "The well will be left suspended to allow conversion to an observation well for the purpose of monitoring reservoir pressures during production."

lmhardy01 - thanks for the link I was just scouting around for something like that.

sidneyslacker
09/10/2006
06:52
Hi Buffin its interesting that now we have actual gas Desorbable data that this can be compared with the powder basin in the US which as you know is prolific CBM teretory.
The Gas Content is so much higher (double in most cases) per Scf/t in France compared to the powder basin that this is really starting to get interesting.

lmhardy01
09/10/2006
06:28
Good long update this morning from EPG - .

"... the gas in place in the sediments when measured will enable a considerable upgrading of the current resource" (page 3).

Drilling finished at F for now and they are off to D, expecting to spud in w/c 23/10.

buffin
06/10/2006
02:02
Its worth looking at the current takeover of QLD Gas (QGC) Coal Bed Methane Project by Santos worth 606 AUD Million. Current reserves are as follows.

BCF
Proved (1P) 142.7
Probable 267.1
Proved and Probable (2P) 407.7
Possible 1908.1
Proved, Probable and Possible (3P) 2,389.80

The started producing gas earlier this year, Gas Price is 1/4 of what the European wholesale gas price is.

Per 1000/CuFt 2.73 USD in OZ
Per 1000/CuFt 10.07 USD European Gas price (nov 06 54.80Pence per therm From Total Gas Price sheet)

We have 991 BCF in Saint Avoid + Alsting not yet 3P but soon to be I think as well as upgrades due soon. (This is the point of the current drilling)

What valuation does this give HEP ?

lmhardy01
02/10/2006
23:26
hi guys now got this bookmarked,

in answer to Rapiers comment about the other areas in France not being that hot - I think we have to be cautious, in so far as EPG were relying on pre-existing drilling data from Charbonnage de France etc.
If they did not have the data available as with Lorraine you cannot just guestimate what Gas you think is present without expensive drilling and analasys. It has been said before that the EXTENSIVE drilling in Lorraine was worth some 40 million Euro's to repeat. This is probably a gross undestimate as their was over 600 holes drilled and logged in the Lorraine area alone. The proof of the pudding will be in when they put in the first production laterals and test it for gas output, hopefully drilling will be quicker than this first core hole.

lmhardy01
02/10/2006
13:57
new graph relative to Fledgling & oil & gas sector
outsider
02/10/2006
13:56
That'll do ;-)
robin_of_loxley
17/3/2006
15:27
new thread
outsider
17/3/2006
15:27
new thread
outsider
18/2/2006
07:05
quidsin

I'll start a new thread as HEP is Holly & I can put intraday graphs in.

outsider
17/2/2006
23:58
Hope you have seen that above Outsider. Wouldnt be suprised if it was scotland/egoi himself with another googly alias, I remember him getting kicked of finfoex for it.

By the way alledgedly/egoi, you indicate earlier in the thread today that you now have a 3 bagger and not a ten bagger, get it right lad.

And by the way all along I have attacked on the premise that this should not be compared with VOG.

hedgehunter
17/2/2006
22:37
Chaotic week but looked in tonight and what a result!i got a few other day 6.5p.

Well done egoi!

Despite hedgehunter's obvious transparent giveaway jealous comments and his hangers on pals on here like Outsider I don't think egoi will give a monkey's if he knows anything or not, if he not got ten-timer not far off it - well done mate, and from your informed well-researched comments you knew a ton more than hedgehunter or his pals will ever do about this stock! you deserve it!

Thanks for your unprejudiced and genuinely informed comments egoi.

allegedly
17/2/2006
15:27
tonyx - just seen your link is to Ofex/HEP not HEP. Is there merrit in starting a new thread under HEP as you have laid it out?
Q

quidsinsf
17/2/2006
14:46
I've contacted egoi in the past and he, like some of us doesn't have the IT skills to do it. I seriously think that if we are to bring this to the attention of others - raise the share price - hopefully then bring to AIM, we need to start posting on tonyx's thread as it has the company name, as a heading, with the charts as well. I'm not talking ramping, just providing the correct platform.
quidsinsf
17/2/2006
13:56
egoi is the only one who can put charts in the header as he started the thread.

In meantime check out my thread for charts etc

tonyx
17/2/2006
13:53
thanks any chance we can have a chart here like CDE have?
jonno1
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older

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