Falkland O&G Share Discussion Threads

[shakudo] 24/8/2015 13:33

It is to "humpback 1".Is there a number 2?

[fadilz] 24/8/2015 13:13

OK, so second well theory disproved. ER is travelling

[shanieboy01] 24/8/2015 12:11

Dont think volume is big enough to signify leak

[american idiot] 24/8/2015 12:08

Has there been a leak ?

Perhaps we have found oil ? :-)

[oilbandit] 24/8/2015 11:48

the oil price has bottomed out now and will hold at this level for a while....
the announcement of a strike at the wells will triple the current low price but in the new year oil price will rise because of current wars eventually nearing the pound mark ...
yes obviously there will be some unloading but long term its much better at these ridiculously low prices to hold on for latter development.....falklands will be developed and become massive new oil province and i see eventual negotiations behind the scenes with argentina.

buisness between us and them will benefit all around.

......time....patience is a virtue.

bandit.

p.s good news is coming just around the corner.

[shanieboy01] 24/8/2015 11:46

Does nyse release their equivalent of an rns 1 hour prior to opening like we do. Will we get to release a simultaneous rns?

[shakudo] 24/8/2015 11:40

Blue on the worst day. Herd arriving?

[fadilz] 24/8/2015 11:35

anyone care to speculate on the small rig move this morning? Is it compatible with drilling a well? connection of Marine Riser? (46 hours to construct?)

[efagie] 24/8/2015 11:28

your right shanie, the trouble this time is noble have said nothing with regards to rig issues forcing moves, Which of course leads on to negative considerations..
At least rkh/pmo did with its isobel issues.

[shanieboy01] 24/8/2015 11:06

At least this time I believe that nobody knows anything. Every other drill has been so leaky

[fadilz] 24/8/2015 10:55

feels like a perfect storm, but I have rolled my dice!

[tongosti] 24/8/2015 05:57

If Humpy comes good (big if) and if the share price does not respond immediately, that may very well be the equivalent of the lottery ticket if you are prepared to wait for 2 to 3 years. Markets always overshoot - both ways. Keep your eye on fundamentals as the share price will always reflect them, at some point. Without fail.

[agnabeya] 24/8/2015 05:39

ohisay - they can turn again on a sixpence - whatever that is...:)
Just don't be too despondent if the markets don't reward us this week - the reward will come on the upturn.
I still feel confident int he oil - and the market vagiaries are just something we have to work through - regardless.

[agnabeya] 24/8/2015 02:09

Don't expect a good market day tomorrow.

[whoppy] 23/8/2015 22:21

Don't think so. They can do that from Humpback#1 by dropping a sonic emitter down the well to the formations on the log and have a boat chug up and down with a hydrophone picking up the seismic waves and overlay it on the existing 3D to better refine the seismic and calibrate it with the known logging.

If they are drilling another well already in the SFB it's being done based on the result of Humpback#1..They are only drilling 2 wells in the SFB this campaign and you wouldn't drill a second one on the same prospect if it was dry...imo. Unless they had a total disaster with the first well..such as collapsing in on itself or got something stuck and so need to start again..but it's a bit late to decide that. Besides Noble have said drilling operations at Humback will finish end of Q3..enough time to do an appraisal.

[mallye] 23/8/2015 20:57

Could this be the reason for the other drill?

hxxp://www.kmstechnologies.com/Files/Large_well_spacing_crosswell_seismic_image.pdf

i.e. to calibrate more accurately the 2D and 3D seismic

[efagie] 23/8/2015 18:15

ngms, your right, IF drilling, its not a sidetrack.
noble have said re another drill but thought that was until later when things were known better. though have said to a sidetrack which this isn't.

There is a drill licence requirment for permissions to change drill slots and suchlike which they have to ask for, at least 30 days in advance. they may already have that, though can't find and would need to ask pmo/rkh as well i would think. They would give it simply because of the insurance issues to the isobel drill, where some delay would suit pmo/rkh if their looking to redrill isobel. IF its been agreed where's the rns?
If they already have that, there may be no issues just a slight change, did they skim some shallow sand with promise, but want to go a tad downdip to strike it. And due to the past slowdowns had done the tophole section so as when things were done they could go there with just a few weeks delay for the pmo/rkh drilling time.

[ngms27] 23/8/2015 17:57

If they are indeed drilling 350m from the original hole then it isn't a sidetrack its a new drill.

So what would reasons be for a new drill:
1) Well design didn't match the down hole conditions so TD wasn't / couldn't reached. They have have or may not have encountered one or more of the target reservoirs. This could be due to a stuck drill pipe due to differential pressures or well control getting problematic.
2) They did in fact drill through one or more of the target reservoirs (I believe there are two above Humpback and three below Humpback) and the results were encouraging or in fact good. Noble are on record of saying they would drill another well to appraise any discovery on Humpback straight away.

So if it is indeed 2) the news is likely to be good and Humpback 2 would be drilled downdip to either try and establish any oil/water contact so they can determine within reason what they have actually found.

Take your pick, I have.

[whoppy] 23/8/2015 17:26

Funny how GClarke has stopped posting. He was accurate with his info and maybe got warned. Borgo speaks in riddles and so not divulging direct info. He's been correct on all the drills so far in 2105, so if you can decipher them you can get an idea. He must have a source.

[tongosti] 23/8/2015 17:21

The mind sees what is chooses to see - biggest human fallacy. What will separate the chaff from the wheat is the RNS. GLA

[agnabeya] 23/8/2015 16:55

Barvin, the reason Borgo gets so many interpretations is because he doesn't say anything.
Other than daft ambiguous nonsense, I mean.
It's flexible nonsense and no matter what he says, people will tortuously twist what he said to fit the facts when they do come in the RNS.
He has never called anything right simply because he has never called anything.
Unlike GClarke.

Like everyone else, I want this to be a success.
Like everyone, I know nothing for certain and am prepared for it to be a duster.
I don't find Borgo amusing or helpful.
Only my opinion.
I know there are those who like reading him.
I just think he's dangerous.
GLA for the RNS, which I don't think will happen this Monday. Not yet.

[thorpematt] 23/8/2015 09:33

I think they've finished drilling now.

First oil 2020

Anyone seen that film First snow? (I recommend it).

Sometimes I feel like I might see the snow first.