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[madd_rip] 03/2/2023 12:22

No idea you tell me, you seem to always be on your knees to someone or other.

[madd_rip] 03/2/2023 12:00

Well as you're restricted from posting elsewhere how would you know where and what I post?You don't, I frequent this board time to time to marvel at the abject nonsense you and your brethren continually post without any empirical facts or data to back up your fiction.

[madd_rip] 03/2/2023 11:51

Says the liar.

[madd_rip] 03/2/2023 11:50

Speak for yourself Gemma

[madd_rip] 03/2/2023 11:49

What are you flapping your mouth spouting gibberish about?It's post like what forwood gave to inform people who want to learn and understand the processes involved. Not read the bilge and bum fluff that you and your ilk post like muck spreaders on a field.

[officerdigby] 03/2/2023 11:37

Ok I'll try again.They are now saying they have hit the gas cap in this drill of alkaid reservoirIMO it is not sensible to produce oil at the same time as flaring excessive gas that.sincomjgn from the gas cap...as indeed the gas can provide the expansion drive for production from the resevoir.You are flaring the drive currently where you would want to actually be injecting.You are flaring too much gas a consider number more than predicted.This well probably should be turned into the injector well. It been mentioned in the RNS of the new well plan..Its not good for the short term PANR finances. But at some point surely a responsible regulator will have a say in the plan... It's a lot of gas to just flare in sky for best part of a year. With consequences to gas drive?Please correct me.

[thebull8] 03/2/2023 11:13

Waving my hands in the air Whoop whoop Like I just don't care

[thebull8] 03/2/2023 10:36

Exposed many times lolOnly in your little headLiving rent free

[bigdazzlerreturns2] 03/2/2023 10:19

kemche3 Feb '23 - 10:11 - 2270 of 2270
0 1 0
Once the cleanup is completed then it's off to the races.




You know when you’ve lost that is the worst time to have another gamble. Emotional gambling will lose you more.

Bad betty and all that.

[kemche] 03/2/2023 10:11

Once the cleanup is completed then it's off to the races.

[bigdazzlerreturns2] 03/2/2023 10:09

Hands up who expects the next material RNS to bring further problems to the point where everything is just pushed further down the road.

Any experts seen the pictures of the green comet? I’m sure some will interpret that as a positive for PAnr. Remember old flare watch? Yep that was interpreted well, really well.

[kemche] 03/2/2023 10:02

Could PANR buy UKOG?

[forwood] 03/2/2023 09:50

Digby, your question starts from a misunderstanding of the explanation of gas, then compounds it with an assumption they would be able to sell the gas. Dealing with the sale first, they are unable at present to sell gas, and probably never as the infrastructure doesn't exist in Alaska. Pure gas, some of which is used to power equipment, would be flared for the duration of the flow test. Beyond that, should they get permission to establish long-term production, surplus gas would likely be reinjected.

They have to date produced c 60% condensate and Natural gas liquids (NGLs). These are sellable into the pipeline but would need additional equipment to process them, and it's not yet known whether that proportion will remain once the well is unblocked, cleaned up and the choke opened to optimise flow.

Re the gas cap, this has been suggested as the possible reason for the increased gas found to date. I can't claim fully to understand it but this is what GeodesrRock said on the Discord site:

'Those who do not understand reservoir description and depositional environments, and how gas migrates to the top of any reservoir where the saturation is the highest and is more permeable to gas than water/oil, should not try to argue against it. The reservoirs need gas to flow. The reservoirs are "solution gas expansion drive" as the energy. Alkiad-2 has abundant gas. Not enough gas and it will not flow and require artificial lift. Where is the happy medium? Downdip / deeper in the reservoir might result in less gas, but again, it may not flow. Based on the geology and the depositional environment of marine origin, the reservoir does NOT have a conventional "gas cap" but the term was used so those not familiar with reservoir engineering could understand. The stratigraphy and structure are not like a dome or anticline with closure and defined gas/oil, oil/water contacts with a "gas cap" at the top. In the Alkaid-2, the term is used to describe the higher gas saturations near the top of the sandstones, which are laminar (see FMI logs in ALkiad-1 well) and not massive. Some of these laminar sandstones are more permeable to gas than oil or water. Just reservoir dynamics of turbidite and deltaic deposits that become reservoirs.

Also, near the top of any stratigraphic type trap reservoir, there is such a thing as "capillary pressure" ..... capillary pressure controls the flow of fluids between the fracture and the rock matrix. Capillary pressure increases with reduced pore space. Now introduce gas -- the gas expansion just bypasses and follows a very 'tortuous' flow path - goes the easiest every which way. Without the gasses in the Alkiad-2 well, there would not be Frac water recovery. .... Alkiad-2 needs gas, not too much gas, just the right amount of gas and even in an optimum location, it will change with reservoir decline over time -- then placed on pump. It's the Goldilocks Syndrome. Or, reinject the gas for pressure maintenance - or not, just dispose of it. These reservoir parameters became know after the well was drilled and the test commenced. Could NOT be known in advance, but can now be modelled. Oil and Gas Exploration and Development at it's best !!' (26/1/23)

Others have said they think the amount of gas follows opening up the lateral to flow after fraccing, a bit like what happens when you open a bottle of fizz which as been shaken up a bit - you get a lot of bubbles! The company has confirmed the lateral is fully immersed in oil and speculated that placing a future lateral lower might be exposed to a higher proportion of oil. But you then might not get as much natural flow without pumping.

Overall, the best thing to do is wait for the unblocking, clean up, etc and to see what then emerges in the mix, eg whether it is economical to install the condensate / ngl equipment so that it can be sold. If the proportions remain the same, it may be worth it, as the equipment cost a year ago was c $750k. If oil increases substnatially, then it may not.

see for further info. Hope that helps!

[padamster] 03/2/2023 09:47

Bull / Jaknife - get back to posting negatives on Panr as I want the shares to continue to rise 😂

[thebull8] 03/2/2023 09:24

Again don't know Traunt but yes Nvidia is my bigges short right now. Down a couple of grand. Never heard of the other one

[padamster] 03/2/2023 09:11

Anyone seen or heard from Pro? Is he ok 😂

[thebull8] 02/2/2023 22:16

Ask your point? Doesn't make sense. You ask a question or make a point

[thebull8] 02/2/2023 22:15

Us having tantrums. You may my great grandad look like a happy person

[officerdigby] 02/2/2023 21:46

Sorry,I'll re ask.l my point again:With ALK 2 now interpreted as having hit a small glass cap ...Would it be wise for them to produce the extra gas from the gas cap in this extended production test? Even would they be allowed to if it was confirmed to be a gas cap? Too much gas coming off in this well will decharge the field. Plus excessive emissions from flaring. At some point the environment should be considered - it would not be good for PANR but maybe forcing them to block the part of the well which was in the gas cap or redoing the we might be in order?