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[mickey take] 25/2/2008 11:40

Vav – Explain the complete procedure from drilling to well head fitting then.

No doubt you will reply immediately since you don't need to google

[vavoom2] 25/2/2008 11:38

relishing - 23 Feb'08 - 14:49 - 13331 of 13350


Despite what basher vadoom would have you believe unimog, there is no reason why production rates from the new wells should decline particularly quickly. Take a look at the figures for the 5 wells drilled in 2005 to get a realistic idea of the decline rates.

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Within 6 months Wells fell 2,000 bo per month

[vavoom2] 25/2/2008 11:32

California Joe - 23 Feb'08 - 15:37 - 13335 of 13349


Vavoom, you use a text book argument,

topped up with some googling, which will never be a good argument against

Mickey Take's knowledge as he IS in the industry and has been invested here for some years.

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Joe

1. I do not use a text book argument.

You do not need a BOP once the drilling phase is complete. ( You would re-install one during certain types of resevoiur / well work-overs )

2. I have no need to use Google on the subject.

3. Mickies knowledge on the subject of BOP's and when they are used is sorely lacking

[relishing] 25/2/2008 08:23

Yes, might do. Are you?

[mickey take] 25/2/2008 08:23

News Yep Daniel Day Lewis won an Oscar over George Clooney

[fernygrade] 25/2/2008 08:21

Morning R no news is good news never mind wake up and smell the zest of the lemons.

Relishing you going to the agm this year?
f

[relishing] 25/2/2008 08:14

Morning all. Still no news?

[fernygrade] 25/2/2008 07:48

MT plus accounting errors in the USA are normaly followed by heavy fines!

[mickey take] 25/2/2008 07:08

Hi Dropside- Your description of the set up is spot on I would say, each well will be fitted with flow metering this measures both the oil and water mix. The only way to give a true accurate output for each would be to have a separator at each well.

They will measure the water take off from the single separator and average that against each wells flow rate/production.

What I cant understand is how these dogger reports are plagued with errors, this I would have thought is the measure upon which Seftons state taxes ect are decided.

It must be a complete shambles in terms of the accounting and all the corrections that will be necessary.

[redhill] 23/2/2008 21:01

unimog

Wait for clarification from the company before jumping to conclusions.Its obvious from the DOGGR figures that output from Hartje 16 & 17 is wrong though combined it is correct.I doubt very much that production has fallen off from the other wells in December as much as stated.

[unimog] 23/2/2008 19:54

Dropside..That was my point apart from the two new wells.the other figure seem to stack up. I hope they have messed up somewhere. What you say about all the oil going to one tank could explain how individual bopd could be more like guess work. In the same vain unless each well is monitered how do they count in each wells production days. If it is how you say, apart from knowing the actual month field production everything else could be a little hit and miss.

What ever is the out come,Dec must have been pretty good financially because
they stated this new drilling cost would be met mainly out of cashflow.

Rel..looks like an application for the propane gas storage tank, but I'aint going to get into an arguement with you...lol

[fernygrade] 23/2/2008 19:53

Regarding BOP obviously this Vavoom guy needs a BOP!

[relishing] 23/2/2008 17:59

Something else to argue about, sorry discuss :)

[dropside] 23/2/2008 17:39

Anyway, hopefully this will all be sorted out soon and then this matter can be closed.

As you say relishing.


Off to cook a good and hot fish curry now with the help of a bottle of Chilean, so "I may be some time"..

[dropside] 23/2/2008 17:27

Unimog,

It is hard to see from your analysis exactly where (if) they have screwed up the DOGGR figures, it does seem to stack up number of days production, water produced etc etc. However from what we have been told, the H16 and H17 numbers individually are wrong. Just can't see H16 ramping up to 69bpd ave for the month when it had settled at 47 on 13 Dec.! Or had they got the 47 wrong and it was really 69?? The November result was odd too. The rns said H16 did 70bpd average for 4 days in November but DOGGR had it as average 84bpd over 7 days!

My simple theory, and MT may say it is complete rubbish, is this. Its hard to know what is produced by each well, a mix of water and oil comes out so its not as simple as putting a meter on the flow. The output goes into tanks where it is separated out then it is sold on. On a field basis, they know what they sold and invoiced for, so I have confidence in the accuracy of the 193bpd number. The problem comes when they have to break the oil that has settled out in each tank back to individual wells. It looks like no one checks the totals come back to the original number and several times they have corrected DOGGR figures when issues have been pointed out.

But why aren't they that bothered about the accuracy of the DOGGR numbers? Of course, these are not for investors they are for the State of California. And they are interested in the natural resources, reserves and depletion. Maybe exact accuracy is not so significant and 'ball park' is good enough? This would not do in the UK I think, but maybe in Calif??

Anyway, the RNS was quite clear and my own choice is to believe the 193 per day in the RNS is right and the DOGGR figures wrong, others can make their own mind up!

RNS:
"Production from Sefton's wholly owned subsidiary TEG USA averaged 193 BOPD
during the month of December, 2007, thus finishing the year with a strong
production increase at the Tapia Field in California."

[relishing] 23/2/2008 17:14

Fair enough unimog, but the DOGGR figures are far more likely to be a load of tosh than two RNS's issued by the company in my opinion, especially when bearing in mind the times the DOGGR figures have been wrong before.

Lets not let gleeful doom-merchants like vavoom2 cloud our judgement.

Anyway, hopefully this will all be sorted out soon and then this matter can be closed.

[unimog] 23/2/2008 15:54

Rel. "Use your brain and stop being sucked in by manipulating derampers."

I beleive everything they say, that's how I got caught in this share and spent £40k in the process..lol,

Unlike some I don't wear rose tinted glasses and try to check the facts that are in the public domaine and if I feel that something is a miss I will ask the co for clarification. Just like you have

seeing that you are giving advice,I'll give you some. Don't believe everything you read in an RNS from any company. Many have been a load of tosh

[relishing] 23/2/2008 15:18

unimog,

1. The 14th Jan RNS stated combined production of 78bopd.
2. The 13th Dec RNS stated rates of 48 and 28bopd for the 2 wells.

For the DOGGR figures to be correct, Hartje 16 would have had to pump out 83bopd for the rest of the month, and Hartje 17 would have had to produce -5bopd for the rest of the month. Yes, it would have to have sucked 5bopd oil out of the tanks back into the ground. Is this what you think happened unimog?

And as if that wasn't enough,

3. The 14th Jan RNS stated total production was 193bopd on average over the month. Completely different from the figure on the DOGGR site. The average daily production over the month is just that - the total divided by the number of days in the month.

Use your brain and stop being sucked in by manipulating derampers.

The bottom line is, you either believe the DOGGR figures are wrong (which is nothing new), or that the company made up the figures in the RNS's?

[relishing] 23/2/2008 15:06

unimog,

You need to stop being dense and actually read the RNS's. Then try to engage your brain.

[unimog] 23/2/2008 14:55

Rel.. you need to get your head out of your a*se. The joint figures on Doggr for 16 and 17 are bang on the figure that was stated in the RNS 77bpd, just the indivdual well bpd don't match. It's the other wells that have not produced their average figures and the reasons are there,lower number of production days. So you think that doggr got the wrong figures on the wells and the number production days. Don't forget that the RNS stated as you put it 115bopd great but it never said for how many days in the month.

[relishing] 23/2/2008 14:49

Despite what basher vadoom would have you believe unimog, there is no reason why production rates from the new wells should decline particularly quickly. Take a look at the figures for the 5 wells drilled in 2005 to get a realistic idea of the decline rates.

[relishing] 23/2/2008 14:30

unimog,

RNS's stated:

Dec 13:
Hartje16: 47bopd
Hartje17: 28bopd

Dec overall:
All wells: 193bopd
H16/17: 78bopd
(Other wells apart from H16/17: 115bopd)

This is completely different to the DOGGR figures for December, so why are you even beginning to analyse them? Do you think they just made up the data in the RNS's or what?

Or do you think perhaps the DOGGR figures have been inputted incorrectly as they have on a number of occasions before?

[relishing] 23/2/2008 14:28

Look at the information given in the following rns's:

Dec 13 Production Update:

"the productive rates (of H16 and H17) have settled to current rates of 47 and 28 BOPD on average."

Jan 14 Operations Update:

"Production from Sefton's wholly owned subsidiary TEG USA averaged 193 BOPD during the month of December, 2007"

There is no way both the RNS figures and the DOGGR figures can be right.

Now which is more likely -

A) Sefton completely made up the figures in the RNS's (knowing full well they would be 'found out' in a month or so time when they submitted the real figures to DOGGR).

or

B) The figures on the DOGGR website have been inputted incorrectly, which we know has occurred before on a number of occasions.

I emailed Mr Ellerton about this yesterday afternoon, so hopefully the DOGGR figures will be corrected shortly.

[vavoom2] 23/2/2008 14:26

unimog - 23 Feb'08 - 14:19 - 13326 of 13326


Looks to me like the older wells are dropping off.

Unless they can hold production on old wells they are going to have to keep drilling new wells just to stand still. Steaming needs to get going asap.

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What a shock

Has no one pointed this out before ??????????????