Uk Oil & Gas Share Discussion Threads

[onetomany] 13/8/2019 08:24

I think there are serious issues we aren't being told about. Delays are driven by something more sinister imo... Why did Tellurian sell out so cheap when they were only weeks away from significant flows ?

[onetomany] 13/8/2019 08:20

When is HH2 drill? 1. By end of spring? 2. By end of Q2? 3. By late summer?

[25wbh] 13/8/2019 08:12

Morning Gismo

[onetomany] 13/8/2019 08:12

Any trades under 1p and this will crash. Much nerves about 9/11 .... cataclysmic day ?

[gismo] 13/8/2019 08:08

Morning 25

[aimchimp] 13/8/2019 08:06

Lemmings and mushrooms only here

[onetomany] 13/8/2019 08:04

Short term test of 0.85 support coming. If 9/11 as predicted then 0.5p instantly, probably even less.

[atino] 13/8/2019 08:01

Markets turn negative again

Market sentiment turned sour after Argentina's peso plunged 15 per cent to 55.85, against the US greenback — and its benchmark stock index, the Merval, plummeted 38 per cent ! 😳

[onetomany] 13/8/2019 07:56

Let's hope it's not true ...

[sandcrab2] 13/8/2019 07:54

Morning Gismo💘 and all decents

[atino] 13/8/2019 07:47

🙇 Seems like another turbulent day on the indices:

A cascade of interest-rate cut by leading economies had reinforced worries that the global economy had been just a notch shy of an inevitable recession.

Aside from global growth worries, worsening of a year-long Sino-US trade war entering into its second year with little or no possibilities of an unencrypted resolution in the cards, had spurred nerve-wracking worries among investors all over the world and forced the traders to seek for safe-haven assets likes of gold or bonds.

Besides, worsening protests in Hong Kong alongside a crash in Argentine peso added further strains over a scratched global market. Meanwhile, a tumultuous outlook in the Italian politics alongside an escalation of Sino-US trade-spat slumped regional Pan-European STOXX 600 index, closed Monday’s (August 12th) market 0.3 percent lower after witnessing a plunge of 1.7 percent last week.

- Today’s “futures”;...are pointing lower 😳
- VIX (world fear gauge!) back above the 20’s mark !😳

[25wbh] 13/8/2019 07:35

Good morning all , Gismo Rayrac ,and all usual friends

[atino] 13/8/2019 07:20

Major says 💂‍♂;️ “Good morning there beautiful people” 🤗 class in place - please allow Articulate Atino, to shatter these hopefuls dreams...with a touch of REALISM 🙇😉...Introducing the “TRUE gusher” 👇🏻🤫🤭


(Quote) Shares in oil explorers Tullow Oil (TLW) and Eco Atlantic Oil & Gas (ECO:AIM) are gushing higher 🙌 on news of a big exploration success offshore Guyana. Tullow advances 16.4% to 208.5p and Eco is up 98.5% at 135p.

AJ Bell investment director Russ Mould says: ‘Investors don’t have too long to wait to see if this is a one-off or if a repeat performance can be conjured, with drilling on a second well set to get underway imminently.

‘For Eco it demonstrates the benefits of getting in early and then riding on the coat tails of larger partners with deeper pockets like Tullow and French firm Total, which it brought on board last year.

‘For Tullow it represents a return to the kind of exploration success which lay behind its ascent from small cap status to the ranks of the FTSE 100, before a subsequent fall from grace.’



This is a substantial discovery made more important by the high-value nature of the barrels it will produce and in a stroke de-risks a lot if not all of the Orinduik Block. The fact that it way exceeded pre-drill estimates does credit to the high quality seismic and the development should be simply done with little appraisal and low-cost wells. The Block has 2.5bn barrels of gross unrisked resources and with this find, the valuation will be impacted for both these quoted companies, just think what might happen if the Cretaceous can be proved up? This field could be 20km² and with 55m of pay could be huge, those pre-drill estimates of 100m or even 200m might end up being conservative.

The Tullow conference call was extremely informative, with few worries about oil/gas mix and porosity and whilst the oil samples are on the way to the lab the way they flowed was clearly encouraging. With 90% net to gross and the oil/water contact plenty deep enough the partners really have hit the jackpot here. And remember that Total farmed-out to Qatar Petroleum before the result was known to make both those parties, amongst many others, looking for a bigger piece of this latest oil hotspot…

[gizmogizmo] 12/8/2019 19:53

Price rises 28% in a couple of days and trolls still moan.if it continues to rise at that rate then I for one will be happy.
As for a certain poster copying and pasting then posting war and peace ..WHY ??

[gizmogizmo] 12/8/2019 19:22

And who started the rumour about approval not being granted (OHHHH YES IT WAS YOU)

JOG ON TROLL.

[amr2017] 12/8/2019 19:16

Onetomanyies,

Yet another made up prediction, so we should expect full permission granted and a surge in the share price.

I can’t work out if you are a complete and utter idiot or just....

No actually I can work it out you complete and utter twa.!

Thanks for the never ending gifts and oh enstow on us actual shareholders, it helps to pass the time enormously!

[hans christian andersen] 12/8/2019 19:15

3 planning applications and Estimated date to committee;

HH SCC Ref 2018/0152 is 11/09/2019
Dunsfold SCC Ref 2019/0072 is 16/10/2019
Dunsfold SCC Ref 2019/0108 is 11/09/2019

Working on the principal one of those on the 11th will be put back there is quite a good chance 12M is correct. The question is which one?

[onetomany] 12/8/2019 19:08

Was told to remove this

[atino] 12/8/2019 17:38

...u ain’t even in...“Atinos”...time-zone 🙇😉😤

[atino] 12/8/2019 17:37

(🕵️‍♂️ 4 hrs ago) New operations approved for West Newton oil and gas site

Cold venting, nitrogen lifting and acid squeeze have been approved at Rathlin Energy’s oil and gas site at West Newton in East Yorkshire.

The Environment Agency (EA) confirmed last week it had accepted variations to the site’s environmental permit.

The changes relate to plans to test the flow of oil and gas in the second well at the site, known as WNA-2. Testing operations are due to start soon and are expected to run for four to eight weeks, 24 hours per day.

The EA said there may be “a number” of extended well tests but it did not set a limit on how many.

Rathlin applied in December 2018 to vary the permit originally issued in 2015. The changes include:

Acid wash and squeeze
Nitrogen lift
Cold venting of gas following nitrogen lift
Incineration of gas during well cleaning and tests
Loading, handling or storage of crude oil on site
Use of acid

Rathlin Energy proposes to use a 15% solution of hydrochloric acid in acid washes and squeezes.

The Environment Agency said the acid wash would clean the well after drilling to return the natural porosity and permeability of the damaged formation.

On acid squeeze, EA guidance said acid is squeezed into the rock formation, dissolving the rock. It is an industry term used where the permeability of the rocks is low and where the operator intends the acid to not travel farm from the well into the geological formation, the EA said.

“This [acid squeeze] may enhance or create new flow paths to enable the well to be more productive.”

There is no limit in the revised permit for West Newton on the number of acid washes or squeezes, the volume of acid solution that can be used in the well, the distance that the acid can travel into the formation or the pressure used. The new permit nor the decision documentclarify whether the EA considers an acid squeeze to be well stimulation.

The decision document does say that the acid wash and squeeze may be “undertaken a number of times” and that each squeeze would use up to 15m3 of acid solution.

The EA described the operations as a “common method” to treat onshore oil and gas wells. It said:

“we are satisfied that the proposed activities will not pose a risk to groundwater”.

Nitrogen lift and cold venting

Under the new permit changes, the EA said nitrogen may be introduced into the wellbore to displace fluids and aid the initial flow of petroleum. Cuadrilla is also seeking a permit variation to use nitrogen lifting at its site at Preston New Road in Lancashire.

The EA’s decision document for West Newton said the use of nitrogen may result in cold venting of gas for “a short period of time”. The vented gas would include climate-changing methane and other gases from the well. Previously, the EA has permitted cold venting only in emergencies.

Companies argue that cold venting cannot be avoided because the use of nitrogen makes the gas mixture incombustible in a flare. At West Newton, the EA said the mixture of methane and oxygen would ignite in the flare as nitrogen levels fell.

The EA said it was satisfied that the nitrogen lifting was “appropriate” and “justified”. It said there were additional controls on smell generated from the use of nitrogen in an updated odour management plan for the site, the EA said.

The failure of the flare to ignite gas during testing the first West Newton well in September 2014 led to complaints about smell 50m from the site. On that occasion, a breach of the permit was recorded against the site. (DrillOrDrop report)

The new permit does not put a limit on the duration or number of times cold venting can happen at West Newton. There is also no limit on the volume of methane or other substances that can be emitted during cold venting.

Flares

Rathlin Energy had proposed to use either a PW Well Test Shrouded Ground Flare or the Aeron CEB 1200 flare for the extended well tests, depending on which were available. The EA has accepted this for the gas extended well test.

For the well clean-up and oil extended well test it said the higher efficiency low emission burner CEB 1200 and/or CEB 4500 should be used. If these flares were not available, the operator would have to demonstrate this were the case. The alternative shrouded flare may be used if the EA accepted the justification, the decision document said.

[gizmogizmo] 12/8/2019 17:09

(Atino)...I did say this in my 13.44 post.
But thanks for the update.👍