Raptor Musings

[Northoil]

In the CC presentation write-up, page16, Raptor results include the statement: “Planning to appraise accumulation through additional seismic, appraisal drilling and comprehensive testing in 2015”. That’s major operational activity, time and really HUGE cost. You wouldn’t already be so definitive about your plans for marginal or questionable drilling/logging/DSTs results. In short, not for anything other than what appears to be a major discovery.

I read it as the seismic next year and a well maybe in 2016 or even 2017. (I don’t think they can plan, do the field seismic, process the data – both will take months – interpret and map – more months – and pick a location, get government/partner approvals, site preparation, etc.,etc. , The “comprehensive” testing (which is what I think the 2015 refers to) statement really caught my eye. That’s the kind of description emphasing an involved testing program with specialized equipment for potentially significant flow rates. Again, you don’t do or say that if you had marginal DSTs.

I conclude Raptor could be a major “pearl” in the string.  10 TCF? That's a lot of T's. You can't say that without a lot more data and drilling (look at the number of appraisals at E/A).  At this point, with all respect to PRE, a pre-drill estimate means squat (which is all it ever means in wildcatting - it's only an internal selling device anyway).

[jft310]

The PRE comment was made after drilling Raptor last night and confirms so far the per PRE the pre drill estimate PRE was using . So far so good .

[ArtM72]

In the CC presentation write-up, page16, Raptor results include the statement: “Planning to appraise accumulation through additional seismic, appraisal drilling and comprehensive testing in 2015”. That’s major operational activity, time and really HUGE cost. You wouldn’t already be so definitive about your plans for marginal or questionable drilling/logging/DSTs results. In short, not for anything other than what appears to be a major discovery.

I read it as the seismic next year and a well maybe in 2016 or even 2017. (I don’t think they can plan, do the field seismic, process the data – both will take months – interpret and map – more months – and pick a location, get government/partner approvals, site preparation, etc.,etc. , The “comprehensive” testing (which is what I think the 2015 refers to) statement really caught my eye. That’s the kind of description emphasing an involved testing program with specialized equipment for potentially significant flow rates. Again, you don’t do or say that if you had marginal DSTs.

I conclude Raptor could be a major “pearl” in the string.  10 TCF? That's a lot of T's. You can't say that without a lot more data and drilling (look at the number of appraisals at E/A).  At this point, with all respect to PRE, a pre-drill estimate means squat (which is all it ever means in wildcatting - it's only an internal selling device anyway).

North -

Does it seem to you plausible the delay in the subsequent testing of Raptor might not be due so much to what needs to be done and its promise than what can be done with limited resources?  Is this proposed timetable Hession telling PRE 'if you want to see this field developed you need to put your own boots on the ground'?

[Kaliboo]

In the CC presentation write-up, page16, Raptor results include the statement: “Planning to appraise accumulation through additional seismic, appraisal drilling and comprehensive testing in 2015”. That’s major operational activity, time and really HUGE cost. You wouldn’t already be so definitive about your plans for marginal or questionable drilling/logging/DSTs results. In short, not for anything other than what appears to be a major discovery.

I read it as the seismic next year and a well maybe in 2016 or even 2017. (I don’t think they can plan, do the field seismic, process the data – both will take months – interpret and map – more months – and pick a location, get government/partner approvals, site preparation, etc.,etc. , The “comprehensive” testing (which is what I think the 2015 refers to) statement really caught my eye. That’s the kind of description emphasing an involved testing program with specialized equipment for potentially significant flow rates. Again, you don’t do or say that if you had marginal DSTs.

I conclude Raptor could be a major “pearl” in the string.  10 TCF? That's a lot of T's. You can't say that without a lot more data and drilling (look at the number of appraisals at E/A).  At this point, with all respect to PRE, a pre-drill estimate means squat (which is all it ever means in wildcatting - it's only an internal selling device anyway).

Agree.  The 2015 grand plans for Raptor don't align with the lack of new results announced and the small flare in the picture.  It's like they are intentionally causing confusion and speculation again.  Only this time the forward plans sound like they are dealing with something large.  Could be stage setting for somebody's benefit.  Hession must be controlling this communication.  Seems to have his style again.

[sageo]

In the CC presentation write-up, page16, Raptor results include the statement: “Planning to appraise accumulation through additional seismic, appraisal drilling and comprehensive testing in 2015”. That’s major operational activity, time and really HUGE cost. You wouldn’t already be so definitive about your plans for marginal or questionable drilling/logging/DSTs results. In short, not for anything other than what appears to be a major discovery.

I read it as the seismic next year and a well maybe in 2016 or even 2017. (I don’t think they can plan, do the field seismic, process the data – both will take months – interpret and map – more months – and pick a location, get government/partner approvals, site preparation, etc.,etc. , The “comprehensive” testing (which is what I think the 2015 refers to) statement really caught my eye. That’s the kind of description emphasing an involved testing program with specialized equipment for potentially significant flow rates. Again, you don’t do or say that if you had marginal DSTs.

I conclude Raptor could be a major “pearl” in the string.  10 TCF? That's a lot of T's. You can't say that without a lot more data and drilling (look at the number of appraisals at E/A).  At this point, with all respect to PRE, a pre-drill estimate means squat (which is all it ever means in wildcatting - it's only an internal selling device anyway).

North -

Does it seem to you plausible the delay in the subsequent testing of Raptor might not be due so much to what needs to be done and its promise than what can be done with limited resources?  Is this proposed timetable Hession telling PRE 'if you want to see this field developed you need to put your own boots on the ground'?

Northoil- If it does turn out to be a"  major discovery"then could we start thinking that our 4 million acres as a smaller Arun? I know, another doggone " IF". Thanks for your 'musings!

[jft310]

Arun was 24 T's . Is Raptor 10 T's ?? Is E/A 9 T's ?.,,how large are Bobcat and Wahoo are they multi T??? Could be close to Arun .. .??

[Gator]

Resource estimate in T1 & T2 sub-area of 0.430 Tcfe**

** GLJ’s gross mid-case estimate

[Thylacine-2]

In the CC presentation write-up, page16, Raptor results include the statement: “Planning to appraise accumulation through additional seismic, appraisal drilling and comprehensive testing in 2015”. That’s major operational activity, time and really HUGE cost. You wouldn’t already be so definitive about your plans for marginal or questionable drilling/logging/DSTs results. In short, not for anything other than what appears to be a major discovery.

I read it as the seismic next year and a well maybe in 2016 or even 2017. (I don’t think they can plan, do the field seismic, process the data – both will take months – interpret and map – more months – and pick a location, get government/partner approvals, site preparation, etc.,etc. , The “comprehensive” testing (which is what I think the 2015 refers to) statement really caught my eye. That’s the kind of description emphasing an involved testing program with specialized equipment for potentially significant flow rates. Again, you don’t do or say that if you had marginal DSTs.

I conclude Raptor could be a major “pearl” in the string.  10 TCF? That's a lot of T's. You can't say that without a lot more data and drilling (look at the number of appraisals at E/A).  At this point, with all respect to PRE, a pre-drill estimate means squat (which is all it ever means in wildcatting - it's only an internal selling device anyway).

Agree.  The 2015 grand plans for Raptor don't align with the lack of new results announced and the small flare in the picture.  It's like they are intentionally causing confusion and speculation again.  Only this time the forward plans sound like they are dealing with something large.  Could be stage setting for somebody's benefit.  Hession must be controlling this communication.  Seems to have his style again.

I agree the plans for Raptor don't align with the results announced so far.  But the plans do align with the following statement by Laurie Brown today...........

"Without getting ahead of ourselves, the possible presence of substantial

  liquids offers game-changing potential and could accelerate monetization

  relative to gas."

[Northoil]

Arun wasn’t quite that big (24Ts). It started out at 13-14 TCF. After 37 years of production I think reserves topped out at around 16 TCF. Still huge. Arun also had close to 1 billion bbls of condensate. They also brought in satellite discoveries (6-8) as far away as 100kms and offshore. That's why satellite reserves are so important and will back up the plant investment.

One of the issues with Arun was the retrograde condensate (gaseous state in the reservoir). It was a pressure deletion drive, so they had to produce the gas, strip it for the condensate and re-inject the gas. Otherwise, the pressure would be reduced and condensate would drop out in the reservoir and recovery of both would drop. That(re-cycling) went on for years before the gas was utilized for LNG. With all that and massive (for the time) investments, it was a gold mine for Mobil.

I wonder if the same is in store for Interoil. I’ve asked the question before – does anyone know if E/A is a water drive (recovery 25-35%) or pressure depletion (recovery 90%). Also is the condensate an actual liquid layer or gaseous at reservoir temperatures/pressures? Both have big impact on how you produce.

[jft310]

Please check me but I think I heard 220 meter of limestone tested over 330 meters . Is the difference liquids that might flow ???