Union Jack Oil Share Discussion Threads

[greypanther2] 26/10/2020 18:27

Hi lageraemia. I don't know in which direction the B-1 well is being deviated, but that diagram on share price Angel's note is now wildly out of date, as well as probably being completely wrong. It's the B-1 well that's being deviated, according to the OGA (Oil & Gas Authority, and they ought to know.

[lageraemia] 26/10/2020 17:38

if the deviation is to the south-east, then that's away from WN A site (2.5 km away) and would be a bigger step out for the appraisal.

The schematic on this share price Angel (spit! Pah!) broker note has the WN B1 well as more or less vertical, with the B2 well lateralising in the Kirkham Abbey formation:

hxxp://unionjackoil.com/wp-content/uploads/2019/10/UJO-draft-updated-231019-v3.pdf

[greypanther2] 26/10/2020 14:24

Thanks Currypasty for the useful information about the B-1 well on the OGA’s website. In summary it's saying that B-1 will be a deviated well with a planned TD at 2,058 metres below sea level, and at 2,316 metres measured depth below the rig floor, which is at 19.6m above sea level. From these figures you can, if you are so inclined, calculate that the average deviation for the well will be slightly more than 26 degrees from the surface, and that the offset will be about 1,020 metres. This seems to be quite a long way to me. They didn’t actually say in which direction the well was to be deviated.

[maxwell] 26/10/2020 13:39

Link to RBD video about the current drilling - you may have already seen ?

[bionicdog] 26/10/2020 13:03

Of the two wells B1 and B2 , one was planned to be deviated , I'm not sure which one.

[currypasty] 26/10/2020 12:56

to explain the above, its from the oil and gas authority




basically TVDSS 2316 meters

but of interest is that's its described as 'deviated'

[currypasty] 26/10/2020 10:27

links difficult to follow, so ill post the lot


Wellbore data for L46/10- 2

General Details

Wellbore registration number

Wellbore mechanical status

Subarea operator


L46/10- 2

Drilling

RATHLIN ENERGY (UK) LIMITED



Licence number

Wellbore intent

Regulatory jurisdiction

PEDL183

Appraisal

Landward



Wellbore type

Operators wellbore name

Initial

WEST NEWTON B1



Quadrant

Block No.

Block suffix


TA

23

n/a


Drilling sequence no.

Slot number

Platform letter

2

n/a

n/a


Primary target

KA


Spud date

Date TD reached

Regulatory completion date

04-OCT-2020

Information unavailable

Information unavailable



Datum type

Datum elevation (m)

Rotary Table

19.6

Depth


MD (m)

TVDSS (m)


2316

The distance along the wellbore to the horizon intersection point. Measured from 19.6 (m) above sea level

2058


The vertical distance between mean sea level and the horizon level

Ground elevation (m)

Water depth (m)

12.8

n/a


Devition type

Overall wellbore conventionality

Deviated

Conventional




Well origin county

Regulator owned

Release date

East Riding of Yorkshire
The county in which the well origin will be situated.

Information unavailable

Information unavailable

[likeawalrus] 26/10/2020 10:24

Friday trading all blue share price doesnt budge, today mostly red share price up, mm's playing games???

[currypasty] 26/10/2020 09:24

here it is if anyone interested

[grannyboy] 26/10/2020 09:18

Sachin Oza did say in that brrmedia podcast that they would be logging and evaluating as the drilling was proceeding, so you never know might get an update shortly?!!

[lageraemia] 26/10/2020 09:12

Anyone got thoughts on the reports of wirelining the borehole over the weekend?

Timescale is pretty quick, but then again no quicker than some offshore exploration wells, and they are drilling into well understood geology I suppose.

[bionicdog] 26/10/2020 09:03

Showing now.

[currypasty] 26/10/2020 09:00

more market makers moving up, now..

3 mm bid .16
1 mm ask .17


(btw, advfn monitor and charts stuck at old price)

[currypasty] 26/10/2020 08:55

starting to move

[greypanther2] 25/10/2020 13:50

Some possibly helpful info from Reabold's LSE board: "My mate certainly doesn't work for Rathlin, but he has a lot of geological and other experience of exploration in Yorkshire. His take on what's going on at the moment was that we are most likely about to set the 9 5/8” casing at the top of the Zechstein section, probably in the Roxby Formation, which consists of mudstone and / or shale in this part of the world. Also, It wouldn't be out of the question for some logging to take place first at this depth. Having probably just drilled through about 500 metres of Sherwood Sandstone, which he said can be hard going, Rathlin will want to get information about the hole size / volume so they can determine how much cement must be pumped to get a reliable casing job. He suggested that currently they would probably be at about 1,500 to 1,600 metres, but not to forget it could be a deviated well. Two wells were originally planned for the B site, but only one of them is likely be a vertical appraisal well. The other will presumably be deviated, but which one, he wasn't sure. He thought B-1 was quite likely to be deviated in order to maximise Rathlin's geological information away from the A site as soon as possible."

[markfrankie] 25/10/2020 00:10

Heid

Posts: 11,299

Price: 0.1575

No Opinion

RE: Wressle flowing oil by end of monthSat 19:28

For me it looks like it is going jolly well.
Fabulous updates from Roofer Hound today and I spy that Wireline loggin unit.
What are they logging ?

The Gas is very significant here in my mind. So much going on around the region with Drax and Equinor etc. giving it some with a Zero Carbon Humber. Amazing what they are going to be capable of with Gas in to Hydrogen, which burns less CO2. Hydrogen stored bottom of the sea in salt capsules in summer for winter . Now Rathlin happened to have Drax an equinor at the bottom of their Rathlin online consultation...so i conclude I am on the right lines with the Gas here. Also... Aldbrough is nearby . And another one is brewing at Keadby 2 Project.

I am pretty. convinced Dave will not struggle to sell the Gas side of what we find. Angus just done a deal , agreement for the Sale and Purchase of Natural Gas from Saltfleetby.

Now the Oil would be a Brucey.

Next week exciting stuff.

Wressle November production so thats great.

Biscathorpe..very exciting too. I look at the sysmics an info. Something about step out bit is thicker. I am sure Mr Bull has nailed that side track and we will hear soon. Plus some jiggerdey poker to come with Holdings. UJO will but more Egdon. That's my guess.

Anyways ... off for a run now.

November is going to be the one we have all been waiting for.

2p/3p ? .... Lookin' Good imo.

[pandy999] 24/10/2020 11:21

Very odd ! Boom coming Wressle bigger than thought.

[maxwell] 23/10/2020 16:51

Never seen anything like this day in 40 years ie: no of trades buying & no movement?
Must be a large sell all day long & probably see later etc...... any ideas

Finished with a 25mil buy at slightly lower price .. yea ok I believe anything.

[atino] 23/10/2020 15:07

...still “no pulse” I see here Max 🤦‍a94;️ pigs could be flying & the moon 🌓 could be made out of half cheese 🧀...I certainly wouldn’t want to be out this weekend 🤦‍a94;️ !

[maxwell] 23/10/2020 14:17

130+ :1
Buying today & no flicker - nothing normal here......

[likeawalrus] 23/10/2020 11:13

"October, late October we'll be in production"

Proactive interviews David Bramhill 04/08/20

[...]

[currypasty] 23/10/2020 10:42

likeawalrus, you are probably right, but the last rns from egdon clearly stated "update as works progress", not update once producing..

they have to be accurate in RNS's