Ant 7

[oliver.gump]

Oliver - Maybe that BOP they are using is the extra powerful one they spent so much on for Wahoo !" border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/biggrin.gif" />

You mean the one that was freighted in a chartered Antonov from Brazil or Argentina?

Ollie - Maybe good ol' boy "mh" was looking for another way to get rid of more of that capital that he had to borrow to cover all his ; inglorious mistakes" and blunders while he was ceo !!  ( ....just another humm ) . [  As an aside,perhaps Ant 7 has hit something deeper with a lot more pressure .]  Yes,I know, thinking always gets me in trouble ! Ha,ha.

The goal was to spend IOC into a black hole from which OSH or XOM would look like knights in shining armor as they "saved" us.... it worked.

Oliver - Amen to that . A pleasant weekend to you and your loved ones !

And to you also, Sageo.

[bdahl385]

OSH has released the Feb Drilling report on the ASX:   http://www.asx.com.au/asxpdf/20170313/pdf/43gqydgk48sbzl.pdf

Running liner at current depth of 2770 m.  Acquiring sonic VSP log to be able to tie the formation data back to seismic.  Total anticipated TD is 3000 m.  So once logged and liner run, they will only be drilling another 230 m.

http://www.glossary.oilfield.slb.com/Terms/v/vsp.aspx

[Stavros]

OSH has released the Feb Drilling report on the ASX:   http://www.asx.com.au/asxpdf/20170313/pdf/43gqydgk48sbzl.pdf

Running liner at current depth of 2770 m.  Acquiring sonic VSP log to be able to tie the formation data back to seismic.  Total anticipated TD is 3000 m.  So once logged and liner run, they will only be drilling another 230 m.

http://www.glossary.oilfield.slb.com/Terms/v/vsp.aspx

In fact, they said the following:

"...drilling ahead in a 6" hole to a PROVISIONAL depth of 3,000 metres."

SO . . . they will see what's there and maybe go further.

[Northoil]

[quote='Stavros' pid='79840' dateline='1489397252']

[quote='bdahl385' pid='79839' dateline='1489383865']

OSH has released the Feb Drilling report on the ASX:   http://www.asx.com.au/asxpdf/20170313/pdf/43gqydgk48sbzl.pdf

Running liner at current depth of 2770 m.  Acquiring sonic VSP log to be able to tie the formation data back to seismic.  Total anticipated TD is 3000 m.  So once logged and liner run, they will only be drilling another 230 m.

________________________________________________________________

"...drilling ahead in a 6" hole to a PROVISIONAL depth of 3,000 metres."

SO . . . they will see what's there and maybe go further.

_____________________________________________________________

You're missing the most stunning word in the whole report - coring!  They said "Prior to coring and drilling ahead".  Coring is an expensive and very time-consuming operation.  A lot of problems can be encountered, so a coring decision is not taken lightly.  The import is that you don’t normally core unless you’re in a reservoir rock.  Reservoir properties are absolutely critical to determine production characteristics.  Logs are nice, but there’s nothing like the actual rock.

So, my take is that they’ve topped the limestone shortly above the 2773m mark, have run a liner and will core and drill the reservoir.   Additional evidence is that they’ve run the 7” liner, which you wouldn’t do unless: a. you were losing the hole or b. you hit your objective.  You would never core without protecting the hole.  Also, - and I keep making this point – the well was AFE’d for 3300m. If they’re saying a provisional depth of 3000m, it means they think they will have seen everything they need to see.

You don’t core for the fun of it or just to see a rock filled with water.  So, I’m going way out on a limb and say I also think they've seen gas.  

Admittedly, I may be over reading one little word and this post is a house of cards.

[sageo]

[quote='Stavros' pid='79840' dateline='1489397252']

[quote='bdahl385' pid='79839' dateline='1489383865']

OSH has released the Feb Drilling report on the ASX:   http://www.asx.com.au/asxpdf/20170313/pdf/43gqydgk48sbzl.pdf

Running liner at current depth of 2770 m.  Acquiring sonic VSP log to be able to tie the formation data back to seismic.  Total anticipated TD is 3000 m.  So once logged and liner run, they will only be drilling another 230 m.

________________________________________________________________

"...drilling ahead in a 6" hole to a PROVISIONAL depth of 3,000 metres."

SO . . . they will see what's there and maybe go further.

_____________________________________________________________

You're missing the most stunning word in the whole report - coring!  They said "Prior to coring and drilling ahead".  Coring is an expensive and very time-consuming operation.  A lot of problems can be encountered, so a coring decision is not taken lightly.  The import is that you don’t normally core unless you’re in a reservoir rock.  Reservoir properties are absolutely critical to determine production characteristics.  Logs are nice, but there’s nothing like the actual rock.

So, my take is that they’ve topped the limestone shortly above the 2773m mark, have run a liner and will core and drill the reservoir.   Additional evidence is that they’ve run the 7” liner, which you wouldn’t do unless: a. you were losing the hole or b. you hit your objective.  You would never core without protecting the hole.  Also, - and I keep making this point – the well was AFE’d for 3300m. If they’re saying a provisional depth of 3000m, it means they think they will have seen everything they need to see.

You don’t core for the fun of it or just to see a rock filled with water.  So, I’m going way out on a limb and say I also think they've seen gas.  

Admittedly, I may be over reading one little word and this post is a house of cards.

Northoil - If you have room on your limb,and won't mind an 'old buzzard' near you,I will state that I firmly believe you are on to something. Sounds like their actions are expecting the rock samples to yield some "goodies"  !  Thanks for your "clear thinking" and explanations .

[bdahl385]

[quote='Stavros' pid='79840' dateline='1489397252']

[quote='bdahl385' pid='79839' dateline='1489383865']

OSH has released the Feb Drilling report on the ASX:   http://www.asx.com.au/asxpdf/20170313/pdf/43gqydgk48sbzl.pdf

Running liner at current depth of 2770 m.  Acquiring sonic VSP log to be able to tie the formation data back to seismic.  Total anticipated TD is 3000 m.  So once logged and liner run, they will only be drilling another 230 m.

________________________________________________________________

"...drilling ahead in a 6" hole to a PROVISIONAL depth of 3,000 metres."

SO . . . they will see what's there and maybe go further.

_____________________________________________________________

You're missing the most stunning word in the whole report - coring!  They said "Prior to coring and drilling ahead".  Coring is an expensive and very time-consuming operation.  A lot of problems can be encountered, so a coring decision is not taken lightly.  The import is that you don’t normally core unless you’re in a reservoir rock.  Reservoir properties are absolutely critical to determine production characteristics.  Logs are nice, but there’s nothing like the actual rock.

So, my take is that they’ve topped the limestone shortly above the 2773m mark, have run a liner and will core and drill the reservoir.   Additional evidence is that they’ve run the 7” liner, which you wouldn’t do unless: a. you were losing the hole or b. you hit your objective.  You would never core without protecting the hole.  Also, - and I keep making this point – the well was AFE’d for 3300m. If they’re saying a provisional depth of 3000m, it means they think they will have seen everything they need to see.

You don’t core for the fun of it or just to see a rock filled with water.  So, I’m going way out on a limb and say I also think they've seen gas.  

Admittedly, I may be over reading one little word and this post is a house of cards.

NorthOil - you are absolutely right.  I guess reading the drilling report at midnight will be my excuse for missing the "coring" word.  I never even saw it until you pointed it out.  It is a very significant term indeed - you are right about that.  I am very familiar with the implied meaning there of coring and agree that you wouldn't be doing that unless you were in reservoir rock.  The company I worked for way back in the 80's developed the first wireline deployed formation pressure tester and rotary sidewall coring tool.  I would guess that the first thing they will want to know is to compare the core sample from this "deep" zone against the E/A reservoir rock to confirm it's just the downthrust section and not a separate geologic package.

[sageo]

Bdahl - You are 'right on' with your interpretation . "Good show" my man !" border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/shy.gif" />

[AU74]

...the first thing they will want to know is to compare the core sample from this "deep" zone against the E/A reservoir rock to confirm it's just the downthrust section and not a separate geologic package.

If you guys are right and they've found gas/reservior rock, what's the upshot for CRP holders?  If it's a downthrust section of E/A, does it add to our certification totals?  Would it have to be in direct communication with the rest of the reservior like the TOT deal required or are the criteria for CRP payouts different?  Is there any chance it is connected?

[bdahl385]

...the first thing they will want to know is to compare the core sample from this "deep" zone against the E/A reservoir rock to confirm it's just the downthrust section and not a separate geologic package.

If you guys are right and they've found gas/reservoir rock, what's the upshot for CRP holders?  If it's a downthrust section of E/A, does it add to our certification totals?  Would it have to be in direct communication with the rest of the reservoir like the TOT deal required or are the criteria for CRP payouts different?  Is there any chance it is connected?

From what I understand to be true, the CRP payout is solely based on the certified volumes from within the Elk/Antelope carbonate reservoir.  If the "Deep" prospect that may have been found in A7 is not in pressure communication with the other Elk and Antelope wells, then any reserves will not add a penny to the CRP.

I am no expert in faults but have a basic understanding of their configurations. It is "possible" for the "deep" prospect reservoir to be in communication with the rest of the E/A field, it just depends on the amount of displacement along the fault line.  As long as the top of the "deep" reservoir is still in contact with the lower section of the E/A field, they should be able to have pressure communications.  If the displacement is such that there is a non-permeable layer (like more Orubadi shale) between the E/A field and the top of the "deep" reservoir, then the seal would make these separate pools and provide no CRP bump.

Even if the "deep" prospect is in pressure communications with the rest of the field, I doubt if there will be any significant bump to the CRP as a single well does not allow the Reservoir Engineering firms enough confidence to give a big total.  Maybe we would get a couple more pennies from a 200-500 Bcfe value.  Remember that with all the hype about Triceratops large aerial structure and enormous attic above the 2 wells, the 2C numbers were around 0.4 Tcfe if I remember correctly.

[Northoil]

[quote='bdahl385' pid='79846' dateline='1489422274']

...the first thing they will want to know is to compare the core sample from this "deep" zone against the E/A reservoir rock to confirm it's just the downthrust section and not a separate geologic package.

If you guys are right and they've found gas/reservoir rock, what's the upshot for CRP holders?  If it's a downthrust section of E/A, does it add to our certification totals?  Would it have to be in direct communication with the rest of the reservoir like the TOT deal required or are the criteria for CRP payouts different?  Is there any chance it is connected?

From what I understand to be true, the CRP payout is solely based on the certified volumes from within the Elk/Antelope carbonate reservoir.  If the "Deep" prospect that may have been found in A7 is not in pressure communication with the other Elk and Antelope wells, then any reserves will not add a penny to the CRP.

I am no expert in faults but have a basic understanding of their configurations. It is "possible" for the "deep" prospect reservoir to be in communication with the rest of the E/A field, it just depends on the amount of displacement along the fault line.  As long as the top of the "deep" reservoir is still in contact with the lower section of the E/A field, they should be able to have pressure communications.  If the displacement is such that there is a non-permeable layer (like more Orubadi shale) between the E/A field and the top of the "deep" reservoir, then the seal would make these separate pools and provide no CRP bump.

Even if the "deep" prospect is in pressure communications with the rest of the field, I doubt if there will be any significant bump to the CRP as a single well does not allow the Reservoir Engineering firms enough confidence to give a big total.  Maybe we would get a couple more pennies from a 200-500 Bcfe value.  Remember that with all the hype about Triceratops large aerial structure and enormous attic above the 2 wells, the 2C numbers were around 0.4 Tcfe if I remember correctly.

_____________________________________________________________________________

First, a disclaimer.  All this discussion is made up out of whole cloth.  We're  guessing they've found something.  Obviously, I think they did. But maybe not.

IF they did, it's virtually certain, from seismic and surface mapping of the fault trace, that this is is the underthrust sheet.  Coring is to establish reservoir properties; markers in the logging suites will identify whether it's the same rock package as above.  It very likely is.

Given the vertical separation - several thousand feet at least - it's extremely unlikely the new zone is in pressure communication with the E/A field.  If it were, that's almost worse - because it would be in the water leg below the gas.  You can't have gas/water/gas if the system is in pressure communication.  So whether it's a gas discovery in a separate zone, or connected but wet, in either case, the CRP gets nothing.