o yes it is
GEX the one |
Bit of good news for us in the Sound (SOU ) RNS this morning
''Star Valley Rig 101 stacked at Tendrara ''
Sound Energy, the transition energy company, announces, further to the Company's announcement of 25 June 2024, that the planned work over operations on the gas well TE-7 in preparation for long term gas production into the micro-LNG plant currently under construction at site have resumed following the arrival of additional wellhead equipment. The operation to run new completion tubing into TE-7, will utilize the Star Valley Rig 101 currently located on the Tendrara Production Concession. The rig had been stacked on site at no additional cost to the Group awaiting the arrival of the additional wellhead equipment. |
I would very much like to see the actual report - it is not clear if the 6 TCF is unrisked (ie the total volume) or 12% risked (ie total volume is 100/12 x 6 = 50TCF) |
@Mario - it won't be 289m thick throughout, we know it's only 4m at MOU-4. |
From 6th June RNS
"The Titanosaurus structure covers an area of up to 187 km2 and has up to 289 metres of vertical relief. Estimates of potential gas resources for this interval are as previously defined in the Independent Technical Report ("ITR") dated 24 January 2024 by Scorpion Geoscience Limited. These are likely to be increased based on new seismic inversion modelling to evaluate a potentially thickened reservoir sequence."
Some maths:
187,000,000 (km2)
*289 (height m)=
54,043,000,000
*35.3 (cubic meters to cubic ft)=
1907,718,000,000
*65 (expansion factor) =
124,001,663,000,000
*0.53 saturation =
65,720,881,000,000
*0.199 (porosity)=
13,078,455,000,000
*0.8 (recoverability)
10,462,764,000,000
*0.75 PRD share
7,849,073,000,000 net
That's 7.8TCF but IPR and PRD say P50 5.916TCF.
The 5.916 TCF must be the unrisked number therefore.
Bit of an uplift from the 487bcf the brokers had it before when it was 126 sq kms and only 20m deep. |
purplepatch is crying because his latest ramp in GEX isn't going according to plan. |
"Top called perfectly" noted. Let's all see how that ages. |
9 Aug '24 - 09:10 - 1502 of 1518 Edit
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SELL
Look at its xrange |
top called perfectly.
back down she goes in its range. |
Funny. The more jimmy lea from lse gets irritated, the more his writing style resembles thebold. I am sure it is just a coincidence. |
The force is strong here.
By popular demand, here is a chart:
free stock charts from uk.advfn.com
The share price has been gyrating between the upper and lower limits of an ascending flag, since the failure of flow rate tests in February. The fourth test of these limits is always crucial, up or down..
A breakout upwards to 12p would indicate a target price of £42.
A fall below 9p would presage 2p.
Squeaky bottom time for the true believers who are out to inherit the earth.
Guess which is more likely?
Be careful. |
I’ve just added some more |
all about GEX next 6 months |
Portrayed one formation damage penetrate them all imho. |
More news next week very possible. |
I feel the same really. It will be hugely difficult to keep a tight ship for 5 weeks or more, particularly as they will be testing so many zones. The first zone should be penetrated this weekend and will surely be an indicator for the rest of the zones. The least it will tell us if SJ can penetrate the damage.....or not. |
My Thoughts- With Baker Hughes on the well out of NL there will be expats on the well out of Europe UK even operating the CT unit.
As they will be involved in the sand jetting, they will see flow testing as it goes. Of course there will be NDAs i would think as tight hole- however with communications now easy to give some one the nod.
So PRD may have no option to mention flow tests as they come or you may see a some buying..
So by Monday the first sandjet could be completed and if well flowed may have to be RNS.
Would be hard to keep tight ship maybe.
Any thoughts- I am holding tight... |
Anybody care to hazard a guess as to what will happen to Chariot if and when the multi tcf is confirmed, alongside a significant flow rate over on prd? Why would anybody want to fund a hugely expensive offshore prospect that will take many years to develop with s far from guarantee of success?
There is no doubt that the poster Jimmy over on lse is connected to Char. Jimmy Lea has been suggested. I can understand the frustration....I just don't understand what he/they think he/they can achieve by posting on there. There is loyalty. And then there is plain stupidity. 4 months to try and save their company? |
Snippet on Monday? |
Purple, probably the most boring colour in the world. |
Purps, reading your previous posts, you are clearly a savvy and very informed investor.
In which case can I ask what you are currently invested in? I might have some spare cash to invest shortly.
Ta. |
Thanks purps. |
They are not looking for oil, it's the gas they're drilling for.. purplepatch your motives are well noticed! |
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