chequeplease
08 Jul 2015
801. is a deep well and if they are involved with lots of core samples it won't be so quick as drilling.
chequeplease
01 Jul 2015
Any predictions for the one pound party, given its taken two years so far.
chequeplease
01 Jul 2015
What! Two years old and still waiting for the vuggy oil flow test.
Sadaat
30 Jun 2015
Re: QUESTION TO CLIVE "we look forward to reporting the results of our ongoing work in the near future"Result in near future. Flow Test is set to commence in few days (within a week) & Drill result likely in 2 weeks, and if any oil shows, core samples will take another 10 days.More likely, mid to end of July Update will be, decisive for both A5 & A801.
chequeplease
30 Jun 2015
Looks like we have two green lights,so far so good.
tobytoby
30 Jun 2015
Re: QUESTION TO CLIVE OK, at least we're off on both wells at long last, rinse and repeat my previous posts timelines etc.
Oilbealright
30 Jun 2015
QUESTION TO CLIVE *COPY AND PASTE FROM SENT EMAIL 30 June 2015*Dear Sirs,From the RNS updates on Deep Well 801 it appears that you are drilling through different formations. One formation of roughly 100 meters from 4,536 to 4,636 meters and now a different (potential) "pay zone" starting about 10 meters after that at 4,646 meters [this is what I understand from the wording of your official reports, please correct me if I am wrong]. Currently you are drilling through 310 meters of what should be an easier section to drill: could you please estimate how long that will take i.e. one month, two? (from what I read I would expect it to take about 30 to 40 days, not counting on coring etc. As a private investor I would welcome the clarity an answer to these questions would bring to help assure I am investing with full understanding of the drilling programme and its timings.Yours Sincerely,xxxxxxxDeep Well 801 summary• 01 May Deep Well 801 has now reached a depth of 4,649 meters and is drilling in the Lower Permian. An analysis of the drilling fluids at a depth of 4,644 meters revealed traces of gas condensate, which is an indicator of oil-bearing formation. Accordingly a core sample is being taken at a depth of between 4,646 and 4,664 meters• 01 June Drilling has reached a depth of 4,790 meters without incident [141 meters in one month]. Core samples and logging reveal a potentially oil bearing interval starting from 4,536 meters and extending 100 meters [to 4,636 meters]. After running casing string to the current 4,790 depth we now plan to continue drilling to a new Total Depth of 5,100 meters targeting Lower Permian and Middle & Lower Carboniferous oil bearing reservoirs. A liner will be run from 4,790 meters to the new 5,100 Total Depth• 23 June At the date of this report the drilling has reached a depth of 4,790 meters without incident [i.e. no change, so no drilling for 23 days, setting casing right?].• 30 June At the date of this report the casing has been set to a level of 4,790 meters and drilling has resumed to a new planned total depth of 5,100 meters…Further, should oil-bearing reservoir be revealed, core samples will be taken as appropriate during the final 310 meters drilling [so we are lower than 4,790 meters…]. “The final 310 meters to be drilled to a Total Depth of 4,950 meters [sic 5,100 meters] is expected to be less difficult to drill”
bobsson
25 Jun 2015
RNS Licence extended Licence extended by three years into 2018. This is great news, and the tone and language used again hints at RXP knowing they have hit the big time with A5 on its own and possibly 801 also. RXP appear to want to prove up the asset(s) obtain the CPR reports, move to TPL and both submit, be granted permission to build, and to construct FFD facilities and commence export production by the summer of 2018. For a Kazakh project that is extremely fast and ambitious and also very expensive.I now fully expect that massive expense to be paid by a major oilco farming in to the project. IMHO DYOR NAI
bobsson
25 Jun 2015
Sidetrack RXPs stuck pipe issue does not appear to be as serious a problem as the stuck drill bit was that did for MXP. As far as I can remember the MXP drill bit got stuck drilling trough the tricky salt layer. RXP`s A5 well is through the salt layer and over 100 meters into the reservoir. Therefore the sidetrack stands a good chance of being successful, whereas MXPs attempt failed.And remember an A5 sidetrack is only a last resort.IMHO DYOR
bobsson
25 Jun 2015
Re: 4000 bpd billy, Yes: just re-read the finals, they use the term "at a rate of 4000 bpd" . So from either of A5 or 801 or a combination of both, they hope to hit test production on a least one day in 2015 of 4000 bpd. If so KPI/target has been met for the year.atb
billy_whizz
25 Jun 2015
Re: 4000 bpd The target for 2015 is a rate of 4000 bopd, which is not the same as an average for 2015. I wish it was an average figure that was the target.
chequeplease
25 Jun 2015
We might expect a R.N.S. on 1st of July.The option shares can be expected to trade just befor this date (in time for 1st July).Is that good timeing?
opulentia
25 Jun 2015
X2 RNS,s One = we have a new 3 year licencetwo = we have been rewarded with 400,000 optionsGLA LTH Still waiting for the Boooom Rns?
chequeplease
24 Jun 2015
Vuggy and Oil. The fact that a pipe is still stuck in A5 might stop them going deeper , to find the total size of the 105metre column of high quality oil ,but we still have 105metres to play with.
