Jersey Oil And Gas Share Discussion Threads

[xxnjr1] 12/1/2019 13:00

Hesitate to write this, 3rd time lucky perhaps, following vessels on way to West Phoenix:-

PSV - Last Transmission from AIS
Havila Jupiter - 3hrs 45m
Far Sigma - 2hrs 9m
Normand Skipper - 3hrs 23m
Siddis Mariner - 8hrs 45m

Also: Skandi Hera - 4hrs 9m Destination "Haltenbanken" is possibly for Phoenix too

[captain james t kirk] 12/1/2019 11:06

I wonder if anyone can unlock this and copy and paste anything relevant:
hxxps://ukdigest.canadiandiscovery.com/completed-well/completed-well-205a-10y

This FT article might also be of interest:



This is the bit relating to 205a-10y:

"The Verbier prospect is located along the northern flank of the Buchan High. Well 20/5a-10Y, drilled by Talisman in 2006, penetrated 46ft (14m) of oil-bearing Upper Jurassic sandstone within the Kimmeridge Clay Formation, the "J64 Sands". This well lies along strike from the planned 2017 Verbier exploration well."

[parisv] 12/1/2019 08:09

When is the 3D due?

[captain james t kirk] 12/1/2019 07:40

hxxps://www.rigzone.com/news/oil_gas/a/37290/talisman_makes_oil_discovery_at_buchan_prospect_in_the_north_sea/

At the bottom of "Wells to watch in 2017" click the link "to read the full report click here" and scroll to the bottom of P9.

[bomfin] 11/1/2019 22:42

Thanks for that xxnjr1. I will check that out. Yes, its Repsol that have it now. Id forgotten that.

[xxnjr1] 11/1/2019 21:42

well spotted bomfin,

Slide 16 of the June 2018 Presentation has the following note on Verbier

API Gravity 39*

* Inferred from the Drill Stem Test performed on the 20/5a-10Y well 29.09.06

which rather suggests they are part of the same thing. Moving onto slide 8 of Sep 2018 pres'n, there's a black dot, located between the 20/05b-13z JOG discovery well, and the 2006 10Y Talisman well. The black dot presumably is where they are planning the next appraisal? Which seems to be between two existing discoveries on the same oil accumulation. If correct then chance of success has gone up in my book, although hadn't appreciated a small part of Verbier resource was on Repsol's block.
(Repsol bought out Talisman, who had previously bought out Paladin Resources, original "owner" of 20/5b)

[bomfin] 11/1/2019 15:58

The fact that the contingent resources referred to this old Talisman well are referred to as Verbier means they think it was part of the prospect which they discovered oil in later in the year. Now, Check the presentations and see that that old discovery well is not in a JOG licence. So the bulk of the reserves for that discovery are not in the contingent resources posted.

Table 1: Verbier Prospect - Prospective Resources and Contingent Resources (P.2170)

Verbier (J64) Contingent Resources ERCE (P2170)

1C

2C

3C

STOIIP (MMstb)

4.0

5.7

8.3

Recoverable Oil (MMstb)

1.0

1.8

3.3

Recoverable Gas (Bscf)*

0.5

1.0

1.9

Total Contingent Resources (MMboe)

1.1

2.0

3.6

PG = 1.0

*Solution Gas

[bomfin] 11/1/2019 15:58

The fact that the contingent resources referred to this old Talisman well are referred to as Verbier means they think it was part of the prospect which they discovered oil in later in the year. Now, Check the presentations and see that that old discovery well is not in a JOG licence. So the bulk of the reserves for that discovery are not in the contingent resources posted.

Table 1: Verbier Prospect - Prospective Resources and Contingent Resources (P.2170)

Verbier (J64) Contingent Resources ERCE (P2170)

1C

2C

3C

STOIIP (MMstb)

4.0

5.7

8.3

Recoverable Oil (MMstb)

1.0

1.8

3.3

Recoverable Gas (Bscf)*

0.5

1.0

1.9

Total Contingent Resources (MMboe)

1.1

2.0

3.6

PG = 1.0

*Solution Gas

[bomfin] 11/1/2019 15:52

Good analysis xxnjr1 re Brazil. Good to hear a voice of reason rather than strident ones from left or right.

I am not referring to the Buchan Field. I am referring to the discovery well mentioned in this jog news release. hxxps://polaris.brighterir.com/public/jersey_oil_and_gas/news/rns/story/xe2meox

[xxnjr1] 11/1/2019 15:45

Wells? Yes they could be quicker, as per todays posts above. Thanks Mario, JTK and HD. Eco very highly geared!!!

4 PSV's seemingly booked up to the 17th Jan for a rig move.
3rd time lucky?

[xxnjr1] 11/1/2019 15:39

thanks bomfin, just as an outside observer, thought President FHC did an amazing job of opening up/reforming the economy, after impeachment of Collor. Then we can say PT in some ways were pragmatic, as in the early days, they didn't seem to mess with a winning formula, whilst at the same time liberating the "povo". Ok, there was the Operation Car Wash scandal - but hey what's new. The good thing, Lava Jato was freely, and openly, discussed in the media, with the Judiciary very effective in bringing some of the key players to justice. Absolutely no comparison with the shambolic regime in Venezuela. Hope the new guy improves things for you guys down there :) I usually go to South America to break up our UK winter. This year I thought I'd stay at home, to shepherd my HUR/JOG winnings over the line. That plan worked. Not! But both stories still intact.

[bomfin] 11/1/2019 14:31

Sorry hidden depths. Talisman oil company discovery, not called Talisman. The thing is I suggest that it is big enough for a joint development at possibly 2O million barrels oil. What happened with the initial verbier well though as it was thought to be at similar depth or even higher than this discovery. Fascinating. Verbier could be very big imho but even at what is already declared found a fpso vessel could develop both verbier at 25 million barrels and the Talisman discovery at probable 15 million barrels, my guesstimate, This would already be an attractive development for 2 discoveries together
if seperate and not joined which if joined would surely prove up more reserves.

[bomfin] 11/1/2019 13:53

Who has done the research here. Anyone able to tell whether or not they think the old Talisman discovery is part of Verbier. They mentioned 2c resources around 2 million barrels net for that discovery. Was that net to the licence or net to JOG. What reserves does it imply for the whole of that discovery because the bulk is in another licence yet only 3 kms from Verbier discovery well. My question mark key is bust.

[hiddendepths] 11/1/2019 10:38

xxnjr1 - I got nuthin' about Brazil. Presumably you've been looking at ECO, which is the best geared Guyana play? Heating up there for sure but plenty more to come.

[captain james t kirk] 11/1/2019 10:12

The last detailed chat we had on this was at the end of October- early November - posts 165-175. It was generally agreed that 81 days for Ragnfrid, 35 days for Pip and Bigfoot combined and 21 days for Verbier wouldn't be far off the mark.
I should add our calendar timings are out due to the later than planned spud of Ragnfrid North. This well has clearly overrun and it's now a question of whether our previously estimated timings for Pip and Bigfoot still hold.
Weather will clearly play a part but in the overall scheme of things, what's an extra couple of weeks.
There's even a possibility the scheduled sequence could be altered.

[mariopeter] 11/1/2019 09:45

xx is it possible that the 2nd and 3rd wells combined could be budgeted for 30 days?

[bomfin] 11/1/2019 03:51

Obrigado xxnjr1

Eu nao olha os bolsas aqui mais com bolsonaro es possivel vai sais melhor. I dont look at the markets here but with Bolsonaro its possible it will be better. It has been very left government for over a decade which gave market uncertainty for investment. The worry being as PT were sister party to ChavesMaduro in Venezuela they also could go mad loco and start seizing investments. They were also corrupt. They leave a legacy unmatched anywhere in the world in as much as fifty million Brazilians were taken out of poverty during the LulaDilma years. They are toast now Lula in jail and Dilma could follow. It is the era of Bolsonaro and it could be good for Brazilian shares. Worth researching but I would make no quick decisions on it.

[xxnjr1] 10/1/2019 23:10

Tudo Bom! Como vai?
Did you take the flight from Vága Floghavn?
RN?....... Ragnfrid North, the 1st of 4 wells Equinor are drilling with the West Phoenix rig. Nothing to do with JOG. Our Verbier well is the 4th of 4 wells. Equinor will be the operator. Hence the interest in progress of 1st well. Release of the rig should be about now. Next 2 wells are 30 days each (collective consensus)..... then it's our Verbier well.

off topic.....Are there any interesting small/med cap Brasilian E&P's down there these days? HRT kind of impaled itself on Namibia. Best not to talk about OGX/Batista ;-) Any up and coming newish start-ups, feeding off Petrobras's pos sal cast offs?

[xxnjr1] 10/1/2019 17:19

Back on the radar 5 hrs ago - apparently still at RN.
Odd, hiddendepths. Why send 5 PSV's out there, 4 of which I subsequently learnt, were down for a rigmove, and then send them back, with the rig seemingly in the same place.
(if that's what has happened)

[hiddendepths] 10/1/2019 08:40

Yes, curious that still no update since 6th. Not quite sure what to make of that.

[xxnjr1] 09/1/2019 17:24

According to Marine Traffic, Phoenix still at anchor, last signal was 10:30am on the 6th.

OTOH KL Saltfjord, Skandi Hera and Havila Jupiter all steaming ahead in a delta formation approaching Kristiansund. Equinor have an offshore supply base in Kristiansund. It's a bit premature - but may indicate rig is under tow en-route to Kristiansund. May not!

[captain james t kirk] 09/1/2019 16:18

Was it a sell though. The real spread is 170.1 to sell and 170.7999 to buy.
But either way you are correct,the price hasn't moved.

[2solaris] 09/1/2019 15:59

25k sell and no share price movement!