Empyrean Energy Share Discussion Threads

[deanroberthunt] 01/11/2017 07:49

we need a zombie apocalypse to cull all the pc brigade

[honestmarty] 01/11/2017 07:47

NY Boy
Today's BBC headline

Minister investigated for suggestive text.

I am starting to believe the world has gone mad.
A witch hunt wouldn't be in it.
What is really frightening is that no one of stature can stand up and stop it.
We have so few men left who command sufficient respect.
The modern media would annihilate them.
Just hunker down and let the mob burn itself out, hoping there isn't a knock at your door.

[starzerus] 01/11/2017 07:43

Empyrean CEO Tom Kelly commented, "With significant gas shows observed whilst drilling we are eager for the completion of the Dempsey well. Sacgasco has been putting all the necessary preparations in place for the upcoming testing operations including the stringent testing of the equipment to ensure a safe operation. The gas meter station at the Dempsey well which is owned by the JV is ready for gas flows to allow any commercial discovery to be fast tracked into production and sales, and we look forward to providing the market further information as testing unfolds."

[timw3] 01/11/2017 07:41

50p+ coming imo

[senttothegallows] 01/11/2017 07:40

All aboard the train is about to leave the station.

[timw3] 01/11/2017 07:39

This will now build and build over the coming days. Excellent news, thy know its going to flow imo!

[ny boy] 01/11/2017 07:35

Blow by blow account, surely you are getting mixed up with news flow lately of MP’s in Westminster 😉

[deanroberthunt] 01/11/2017 07:25

fill ur boots

[s0n1cb00mb0y] 01/11/2017 07:18

Excellent news, thy know its going to flow!

"The gas meter station at the Dempsey well which is owned by the JV
is ready for gas flows to allow any commercial discovery to be fast tracked
into production and sales, and we look forward to providing the market further
information as testing unfolds."

[s0n1cb00mb0y] 01/11/2017 07:16

SGC u+1 and 5% last night....looks very much like take your seats as news continuous from now on via the blow by blow account. First flow initial flow rates next week. Will be adding my final position today.

GLA all LTHs.

[judijudi] 01/11/2017 07:15

Eme released the news
Exciting
Innit
:)

[terry hardacre] 01/11/2017 07:03

This is a few days of additional careful preparation to ensure the best result is achieved; in reaction to the fact the resource is obviously ready to deliver some immense pressures. Some drilling and flow test operations get delayed by months if not permanently mothballed; if there are people who can't wait a few bloody days for something that's sounding increasingly promising then they don't know what they've parked their money in. Ridiculous.

[maltby2002] 01/11/2017 06:55

Not necessarily the news that traders or impatient investors want to hear but further evidence that there is a very big prize down there in the depths of the Sacramento valley and that we are fortunate in having a highly professional crew who are determined to take advantage of it. A little more patience required and a further opportunity for those investors with the resources and nerve to buy a few more

[blakieboy7] 01/11/2017 06:03

Dempsey Gas Well Testing Update Sacgasco Limited (ASX: SGC) advises that preparations for completing and flow-testing the Dempsey 1-15 well are continuing as planned. As usual with completion operations in the area the activities at Dempsey are being conducted on a single shift, Monday-to-Friday work week basis. To date surface wellhead and high-pressure Blow Out Preventer (BOP) equipment have been stringently tested. Initial equipment tests resulted in the need to replace some of the large safety-critical equipment. Downhole casing and liner-overlap integrity testing has also been completed. Prior to perforating the lowermost zones in the well for natural gas flow evaluation, the lower well bore needs to be cleaned out; cement bond log run and evaluated for well bore protection integrity; and then the assembly and running of completion equipment and tubing conveyed perforating tools is required. Working Interests (WI) in the Dempsey Gas Project: Sacgasco Limited (ASX: SGC) (Operator) 50% Empyrean Energy PLC (LON: EME) 30% Pancontinental Oil and Gas NL (ASX: PCL) 10% Xstate Resources Limited (ASX: XST) Gary Jeffery, Managing Director of Sacgasco commented: ?The rig and crew continue to work safely and efficiently. As previously advised, the Dempsey 1-15 well intersected a number of porous potential reservoir zones which delivered significant gas shows while drilling. We have sourced and are assembling and testing the high-pressure-rated equipment to be used for the upcoming testing operations. The Dempsey 1-15 completion and flow-testing program involves equipment not normally seen, nor used in Northern California and is being meticulously assembled and tested to ensure a safe outcome. This program will follow good oilfield practise by beginning testing from the bottom of the well. Additional information will be provided as testing is carried out.

[ayesha4] 01/11/2017 01:58

Tone of the SGC release suggests its a monster.Looking forward to the price falling in the morning so I can add some more.

[thegreatgeraldo] 01/11/2017 00:40

honestmarty
31 Oct '17 - 23:07 - 11659 of 11666 1 0
Does anyone know, is high pressure purely a feature of depth?

..Yup!

[ayesha4] 31/10/2017 23:38

The potential reservoirs to be tested are a series of Cretaceous sandstones that have been the hosts for HIGH gas shows while drilling and exhibit positive petrophysical characteristics.

They also exhibit structurally consistent amplitude anomalies similar to those that areobserved o n seismic elsewhere in the basin where conventional sandstone reservoirs have trapped natural gas in mapped structural closures, e.g. Tulainyo / James and Alvares wells.

[ayesha4] 31/10/2017 23:35

Sacgasco’s Managing Director Gary Jeffery commented: “With a number of key funding and operational milestones met during the quarter, Sacgasco is now on the threshold of testing the recently drilled flagship Dempsey Prospect.
A key focus for the Board over recent times has been to de-risk our activities, as evidenced by the strategic farm-out agreements executed during the quarter with both Empyrean and Pancontinental (Bombora Energy).
The drilling of the Dempsey 1-15 well safely to its target, and being in position to test the well is a major achievement for Sacgasco and its contractors.

Our ability to execute these agreements has provided the business with the requisite funding to complete the testing of Dempsey in the coming quarter. Furthermore, Sacgasco is now in the enviable position of holding major working interests, and operatorship, over a number of prospects amounting to multi-Tcf natural gas potential near infrastructure and located in one of the largest natural gas markets in North America.

The Company will be providing shareholders with regular activity updates as we forge ahead towards building a leading natural gas production business in the under-explored parts of the Sacramento Basin.”

[ayesha4] 31/10/2017 23:34

Short term share matters not a jot. This all sounds like there is masses of gas down there. I would rather have high pressures than not. Looking good for an eventual fantastic result.

[craigc25] 31/10/2017 23:22

Swampy, care to elaborate?

[tidy 2] 31/10/2017 23:20

Which will continuously refill it is hoped.

[tidy 2] 31/10/2017 23:19

High pressures from depth, compression and heat. It's down to how efficiently the rock releases the absorbed gas also replenishing released gases. Being naturally fractured helps also as pockets of gas will likely exist.

[harrissen] 31/10/2017 23:10

Dempsey Gas Well Testing Update Sacgasco Limited (ASX: SGC) advises that preparations for completing and flow-testing the Dempsey 1-15 well are continuing as planned.

As usual with completion operations in the area the activities at Dempsey are being conducted on a single shift, Monday-to-Friday work week basis.

To date surface wellhead and high-pressure Blow Out Preventer (BOP) equipment have been stringently tested. Initial equipment tests resulted in the need to replace some of the large safety-critical equipment. Downhole casing and liner-overlap integrity testing has also been completed.

Prior to perforating the lowermost zones in the well for natural gas flow evaluation, the lower well bore needs to be cleaned out; cement bond log run and evaluated for well bore protection integrity; and then the assembly and running of completion equipment and tubing conveyed perforating tools is required.

Working Interests (WI) in the Dempsey Gas Project: Sacgasco Limited (ASX: SGC) (Operator) 50% Empyrean Energy PLC (LON: EME) 30%
Pancontinental Oil and Gas NL (ASX: PCL) 10%
Xstate Resources Limited (ASX: XST)

Gary Jeffery, Managing Director of Sacgasco commented: “The rig and crew continue to work safely and efficiently. As previously advised, the Dempsey 1-15 well intersected a number of porous potential reservoir zones which delivered significant gas shows while drilling.

We have sourced and are assembling and testing the high-pressure-rated equipment to be used for the upcoming testing operations.

The Dempsey 1-15 completion and flow-testing program involves equipment not normally seen, nor used in Northern California and is being meticulously assembled and tested to ensure a safe outcome.

This program will follow good oilfield practise by beginning testing from the bottom of the well. Additional information will be provided as testing is carried out”.

[honestmarty] 31/10/2017 23:07

Does anyone know, is high pressure purely a feature of depth?
To me it suggests that at least the initial flows are likely to be high?

Very exciting

Brave to sell and hope for a lower re-entry point. We could easily see daily updates from this point on.

[tidy 2] 31/10/2017 23:06

8k psi downhole pressures that's about 551 bar. Higher than A1 for casp announced last week.