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[richie666] 26/1/2017 20:41

Another day of slience from PVR ref Barryore farmout that was promised for end 16. ToRJnr simply must GO - … #oil #pvr

:-)

[timberwolf3] 26/1/2017 20:18

I haven't heard any reiterations from him today ! perhaps he's on holiday.

[hermana3] 26/1/2017 20:11

Timb, Richie dreams of such an outcome!

[timberwolf3] 26/1/2017 20:06

herm - that made me chuckle.

[hermana3] 26/1/2017 19:44

Anything is possible but he has been dead a long time.

[seangwhite] 26/1/2017 18:39

Let's hope the Chinese New Year celebrations wake the great suntanned one from his seven year slumber.VGLTA

[hermana3] 26/1/2017 17:09

Yes another ATM to replace flogged Singleton would please him!

[funtimejonny] 26/1/2017 12:58

Might cover his salary though!

[hermana3] 26/1/2017 12:45

Tis way too small for the great man!

[cephalosaurus] 26/1/2017 12:44

He probably forgot he even has those licences. Nothing for PVR to report until said company decides which marginal fields it plans to develop first alas.

[hermana3] 26/1/2017 12:43

Cep,All production would be helpful. Good news indeed but the market is yawning...

[funtimejonny] 26/1/2017 12:42

Surprised that TOR has not put out an RNS today saying how "delighted" he is about this. Maybe it hasn't even come up on his radar as yet. Anybody thought to phone H.O. about this?

[cephalosaurus] 26/1/2017 11:25

Current estimated stoiip is 9.4 mmbo though, but 50 bopd is not to be sniffed at to start with

[cephalosaurus] 26/1/2017 11:23

Helvick - 52 MMBO STOIIP

"two production plateau rate of c. 5,000 BOPD"


Gives LOGP @ 5% interest, 2.5mmbo and production of 250bopd
=> 10,000 days of production or 27 years assuming all that all can be extracted.

That is a tidy amount of production for a tiddler.

[cephalosaurus] 26/1/2017 11:08

This is great news. A 2 year lease was signed which means they have to do something about it before 1st March 2018!

[cephalosaurus] 26/1/2017 11:03

Steel, that is interesting, and they farmed into Helvick and Dunmore in February last year.
Seems like costs of rigs/technology advances are aligning now;

“At $50 per barrel most of these very small ones would not be viable – we need $60 or $70,” he said. But if we get these technological advances confirmed we could get a number of these going ahead.”


Marginal Field Development Company (MFDevCo) is pleased to announce that it has entered into a collaboration agreement with COSL Drilling Pan Pacific Limited (‘CDPL’) that will allow it to secure projects more cost-effectively, earlier and with less upfront capital.


"Alison Pegram, Managing Director of MFDevCo, commented, “Signing this agreement with CDPL is a major milestone for us as we move to complete negotiations on our initial target projects. The marginal field projects that we are focusing on are particularly well suited to this type of commercial arrangement, as there is no exploration risk,"

[funtimejonny] 26/1/2017 09:31

NUOG IS UP 40% ON THE DAY SO FAR. ALL THE POSTERS ON THEIR BB ARE ECSTATIC ABOUT THIS TIE UP WITH THE CHINESE. WONDER WHEN IT WILL START TO IMPACT ON PVR LOGP?

[funtimejonny] 26/1/2017 09:18

Hi GD. ABOUT THE 10TH OF DECEMBER I THINK....THAT WAS WHEN IT CAME UP ON MY RADAR.

GOOD POST BY STEEL ABOUT SOME PROGRESS AT LAST ON HOOK HEAD AND HELVICK. A WEE BIT VAGUE ON SPECIFICS THOUGH. WOULD BE NICE TO SEE A DRILL THIS SUMMER. HAS BEEN ON THE BACK BURNER A LONG TIME AND WOULD BE A GREAT BOOST FOR LANSDOWNE.

[greatfull dead] 26/1/2017 09:15

Steel,

Interesting reading in your links. Seems some possibilities for PVR there!

ATB,
GD

[hermana3] 26/1/2017 09:14

Steel,How does all this tie into Helvick,Dunmore and maybe Hook Head?

[greatfull dead] 26/1/2017 09:11

timberwolf3,

TOR may have stated that PVR did not want to a producer.

If one thinks about it Druid, Drombeg and Newgrange come good. The Corrib platform may be ideal to use with platform modifications for oil processing and transport via a new oil pipeline to the Mayo shore line or and FPSO which could be a lot cheaper than a new pipeline and dealing with the Mayo greens. The platform already processes gas and there is the gas pipeline to shore and onwards. Possibly our Pat has this in mind. Just an off the wall thought on my behalf.

ATB,
GD

[greatfull dead] 26/1/2017 08:58

FTJ,

Good morning. You are correct about Mcquaries were in talks with Shell re a potential purchase. That was awhile ago though.

ATB,
GD

[steelwatch] 26/1/2017 08:57

Meanwhile, back with the marginal field development concept touted for Helvic and Dunmore many moons since, MFDevCo, as signed up a driller to the consortium:



Other participants previously signed up: