Uk Oil & Gas Share Discussion Threads

[triple seven] 08/12/2017 13:04

Bye bye troll,hope you lose everything.

[whattheduce] 08/12/2017 13:04

Right, it's Friday. We need some funnies.



This low budget oil producer had an oil well that was on fire. He
called every oil well fire fighter in the phone book. All of them
were very expensive. Red Adair wanted $25,000 just to come look
at the fire. There was no way he could afford this. Finally, he
noticed an ad for Jose's Fire Fighting Service. He called Jose
and asked how much he charged?

Jose said, "Senor, I only charge $1,000." The producer thought,
Great! "Well OK Jose, come on out and look at my oil well fire."

The producer was standing on a hill looking at his oil well fire
when a pickup truck with Jose's Fire Fighting on the door and ten
Mexicans in the back came across the hill and drove straight into
the fire.

All of the Mexicans got out of the truck and started stomping
their feet and waiving their serapes screaming, "Ariba! Ariba!"

After about fifteen minutes, the fire was out. The producer
couldn't believe it. The fire was out! The producer yelled,
"Congratulations Jose! What are you going to do with the $1,000?"

Jose answered, "Well senor, the first thing I do is feex the
brakes on this truck..."

[pjm1162] 08/12/2017 13:02

Fake riseGet out now on this bull trap The professionals areBack to 3p soon

[rayrac] 08/12/2017 13:01

You do talk a load of boll,,ks loggy! Go here and educate yourself!!

[uxbridgearms] 08/12/2017 12:54

I don't think Stevie would venture down to site if not to witness what is going on.
Its Friday and very cold but I think he would love to touch, see and smell the oil while putting pen to paper.
Get ready for the trucks boys and girls.

[terry hardacre] 08/12/2017 12:51

5p by close?

[geoffmanana] 08/12/2017 12:48

Off to play golf now. It's 23 degrees here in Tenerife but very windy so it should be interesting. Look after the share price in my absence.

[loglorry1] 08/12/2017 12:39

>Loglorry isn’t the geology different though i.e. limestone now not shale

So they say although the limestone "micrites" are pretty thin layers. This is sort of where it all falls down for me. The huge OIP numbers bandied around are irrelevant if you actually rely on small limestone micrite layers within fracture zones. You cut your basin size down to a tiny fraction of what it was because the micrites are very thin and then you cut it down again (and add in drilling problems) because you need a fault zone running through these micrites to naturally fracture them.

I've no doubt they can get short term flow rates from the limestone micrites as they did at Horse Hill but as we've seen from the Warwick transaction the industry is valuing that very poorly indeed.

If these layers are as good as those at HH then they'll be able to do some short flows (think hours or a day not weeks) of a few hundred bbls a day. But so what that isn't commercial. It wasn't at Horse Hill and it won't be here. The bulls will obviously make a big deal out of it though and you'll get a short term rise.

[amr2017] 08/12/2017 12:39

looking good for a decent rise this afternoon, if we breakout then I may well commit some more before close.

[4691jack] 08/12/2017 12:29

Ho Ho Ho Tick Tock is back! Did he have to go all the way to Switzerland for his Cuckoo Clock mend?

[martyminer] 08/12/2017 12:24

Loglorry isn't the geology different though i.e. limestone now not shale

[geoffmanana] 08/12/2017 12:22

That's what makes a market loglorry1.

[loglorry1] 08/12/2017 12:19

It does make me laugh that it seems the same swabbing procedure is being undertaken to initiate flow as on the failed KL1 zone yet this time around the bulls think the result will be totally different.

[geoffmanana] 08/12/2017 12:17

I wouldn't want to be out of these over the weekend lol.
We will be 6p+ or 2p- very soon.....take your bets.

[mikeygit] 08/12/2017 12:13

amr---exactly, things are looking VERY positive IMO

[amr2017] 08/12/2017 11:59

Hi mikey,

I don't mind the wait now as it is obvious that things are moving along at a pace, you wouldn't go to this expense unless you knew the well was going to be commercial imho.

Looking forward to a new record onshore flow rate.

[rayrac] 08/12/2017 11:59

swabbing is a form of “well control” that releases bottom hole pressure in order to “kick” the well off. When wells are first drilled, they are usually fractured by a pressurized liquid to help open up “production zones” where oil or gas can travel to. The next step is where the actual swabbing takes place.17 Sep 2013

[mikeygit] 08/12/2017 11:59

A Sea of Blue BUYS I see at present!!

[johncb] 08/12/2017 11:58

Good news to here Sir Stephen Sanderson is on site Viva ukog

[tarby1] 08/12/2017 11:58

Paragraph extracted."The activities of the swabbing rig then allow for the removal of the liquids inside the well. Standard practices involve removing 6 barrels of fluid out of the well. This practice if referred to as a "Run". Some wells may take just one run while other may require multiple. Removing these fluids then causes the bottom hole pressure to increase. This allows the oil or gas to be pushed out of the well to cause it to start "flowing". Oilfield workers may then start collecting and storing the natural resource that it being emitted from the well they are working on. As the well ages, the bottom pressure of the well may not be enough to push the oil and gas out of the well anymore. The well has then stopped flowing and the swabbing process needs to be started over again."

[mikeygit] 08/12/2017 11:55

amr--thanks--gosh this is getting very exciting---never know they may come up with something extra special we never envisaged?? Maybe something special for the w/e, but I would doubt it. If SS on site then he may yet have to prepare the RNS which will not be possible this PM and get it approved---but lets hope I am wrong!! We can all wait a bit longer if it is STELLA STELLA news!!

[jasperthemonkeygod] 08/12/2017 11:46

those blue tanks

my guess -

7 Acidisation or Acid-wash: there are many unfounded claims about this process, which has
been used safely in the global oil and water-well drilling industry for 120 years, and over 50
years throughout the UK. This technique has been safely used over many years in a
limestone oil reservoir in Europe’s largest onshore oil field, Dorset’s Wytch Farm. At our site
diluted hydrochloric acid will be applied via steel tubing solely to the limestone rocks lying
between half to three quarters of a mile beneath the surface. The dilute acid dissolves small
amounts of the limestone (rocks comprised of calcium carbonate) within a few metres of
the wellbore. This process enables the well bore to properly connect with the natural
fracture system and permits greater fluid flow into the well bore. The reaction with the
limestone neutralises the acid, forming water, calcium chloride (a natural component of sea
water) and small volumes of carbon dioxide. The dilute acid (85% water, 15% hydrochloric
acid) is similar in strength to that contained in domestic toilet bowl cleaners and lime scale
removers. It is approximately half the concentration of the acid typically used by the public
water supply industry when drilling water wells in limestone rocks. Note that the dilute acid
is not forced into the well to artificially fracture the limestone.



i.e. stimulation

i.e. this 'oilfield bigger than Iran's' is not gushing

[amr2017] 08/12/2017 11:40

Looks like it may be swabbing, the crane is in action.

[gismo] 08/12/2017 11:30

Brilliant, thanks for that amr