oilwatch
- 18 Dec 2006 23:43
winner111
- 22 May 2008 13:26
- 564 of 1263
can you give more details i.e a far east surprise or a nigerian one maybe.
hermana
- 22 May 2008 13:33
- 565 of 1263
winner,if you force me to choose I go for de former.
winner111
- 22 May 2008 13:41
- 566 of 1263
slight arm twist hermana,thankyou.
winner111
- 23 May 2008 10:17
- 567 of 1263
oversold now surely?
hermana
- 23 May 2008 12:20
- 568 of 1263
winner,most definitely.
hermana
- 24 May 2008 08:00
- 569 of 1263
Signs of recovery late Friday. Looking forward to Tuesday morning.....
winner111
- 24 May 2008 09:11
- 570 of 1263
Tuesday morning rns?need something after the pullback in the share price this last week.
Are we looking at a late july HH drilll or early august,do you think?
hermana
- 24 May 2008 10:27
- 571 of 1263
winner,hopefully the former.
winner111
- 24 May 2008 20:24
- 572 of 1263
How long is the rig contracted for this time round?
hermana
- 24 May 2008 21:25
- 573 of 1263
Late July to November for 2 maybe 3 wells.
hermana
- 26 May 2008 06:59
- 574 of 1263
Apollo licence news overdue here. Spanish Point another slow farmout process. Everything else looking very good for 2008/2009.
winner111
- 26 May 2008 07:52
- 575 of 1263
spanish point is a very slow farmout process,whats your take on the slow progress?am i right in thinking it is a discovery and had very good flow rates?
hermana
- 26 May 2008 11:05
- 576 of 1263
winner,until Autumn PVR were flogging it with 1981 data but have new seismics now. It is a big project and was discovered by Conoco Phillips and flowed 1000BOPD and circa 5 MMSCFGPD.
hermana
- 29 May 2008 07:23
- 577 of 1263
More great news on UK landward Licence here.
winner111
- 29 May 2008 09:22
- 578 of 1263
hermana,was this the news expected?
hermana
- 29 May 2008 10:02
- 579 of 1263
winner,not by me anyway!
winner111
- 29 May 2008 15:20
- 580 of 1263
could exxon be a farm in partner for spanish point?maybe hear about interested parties, if any at the agm.
hermana
- 29 May 2008 15:26
- 581 of 1263
winner,doubt it. Conphil,Chevron or BP possibles.
hermana
- 29 May 2008 19:59
- 582 of 1263
Timely post from Oilbrat on III thread.
LTT I could make you a good arguement that currently the big PVR gambles are valued at zip in the share price and it should be a free ride when drilled. Sadly the market doesn't work like that.
So 50bbls/d from a vertical, drop in a couple of 1000ft horizontal, dare one suggest a little acid frac and you shouldn't have any trouble with 150bbls a day. The well should pay for itself in 5-6 months and then drop 100k ish a month is PVRs coffers. Two or three wells and it commences to be a couple of quid. All back of a beer mat maths but you get the idea.
Its not a new Forties or Brent but its a nice little revenue stream. Funds other operations which in turn... you get my point. As an asset that should have been worth 0.2p on the price possibly a bit more as that should be converted to revenue quite quickly.
There is good arguement now for getting a rig in to drill a couple on Singleton, couple on Burton copse and a exploration well in Burton down. Drill the development first and they will have paid for the exploration well before its finished drilling....
Yet again the market missed it.... It'll catch up next week.
hermana
- 30 May 2008 06:41
- 583 of 1263
Providence licence
Friday May 30 2008
Providence Resources and its exploration partner Northern Petroleum have been awarded an exploration block adjacent to the Singleton oil field in south England.
The award was made under the UK's 13th Landward Licencing Round and the block will be shared on a 50/50 basis between the two partners.
Announcing the award yesterday, Providence chief Tony O'Reilly said the company had already identified a number of exploration and development opportunities within the block.
The Baxter's Copse oil field was found by Cairn Energy back in 1984 and its award under the latest licensing round fits the UK's strategy of boosting oil and gas output by developing old discoveries.