.

This is from DES, the sidetrack actually only took 12 days (15th Oct finishing off logging to 27th Oct sidetrack completed).

The sidetrack started straight away on finishing logging, so no extra permissions needed it seems.


........................The Rachel well has provided much new valuable data on the distribution of the reservoir targets within the Eastern Flank play and in particular the calibration of the 3D seismic data for sandstone prediction. Our understanding of this play type is rapidly evolving but one of the biggest remaining uncertainties relates to the oil charging mechanism from the mature oil source rock to the fan sandstones. Based on the latest information from this well, potential sandstones have now been identified downdip from the existing location, closer to the mature oil source rock, significantly reducing the oil charge risk. As a result the well will be sidetracked to this location to evaluate the prospectivity. The sidetrack will commence when the present logging operations are complete. The total depth of the sidetrack is planned to be 3,418 metres measured depth (2,970 metres vertical depth) with an offset of circa 1.2 kilometres from the total depth of the original vertical well. The sidetrack will be designated 14/15-1Z and is expected to take 20 days and the Company will make a further announcement upon completion of this sidetrack................

Stebbing to be spudded next, and should be next news.

Yep, Stebbing is next.

The question being raised is have they, in the last 2 weeks, run a sidetrack from Darwin East well into Darwin West to test the Darwin West structure ?

Its like jackanory a different story evey day....of course all made up in his small little mind.

I can't imagine they'd do that prior to announcing wireline logging results. I don't see how Rachel compares to Darwin for a sidetrack either without Regulatory Approvals, the drilling rigs are different as are the depths being worked in. No point speculating just yet until results are known and we know what grade of condensate has been found indicating if Darwin is a standalone development.

How very separate is Stebbing from Darwin in geological terms and what sort of distance are we talking about......is my question ?...

RF see here http://ar10.bordersandsouthern.com/media/pdf/at_a_glance.pdf page 2. I think there very different.

Darwin is a tilted fault block. The reservoir is interpreted to be Lower Cretaceous shallow marine sandstone. The prospect has a flat spot, amplitude conformance to structure and an AVO anomaly. The company’s P50 recoverable resource estimates for the amplitude anomaly alone are 300 million barrels. P50 recoverable resource estimates for the entire structure down to the mapped spill point are 760 million barrels.

Stebbing is a thrust-cored anticline. Stacked reservoirs are interpreted to be Upper Cretaceous and Tertiary deep water marine sandstone. The prospect has AVO anomalies in the Tertiary. The company’s P50 recoverable resource estimates for the combined two reservoir intervals are 1,280 million barrels.

These prospects are completely independent except that they require the same source rock to be present throughout the area.

Circa 25 nautical miles apart RF for distance.

Stebbing is shallower and less likely oil thats been overcooked and gone to condensate/gas. Also its slightly into the oil mature window as well.

it must be disconcerting for holders of both BOR and FOGL to see sp dropping by a further 5% albeit that the market is generally pretty pissy all round

on the other hand, those promoters of GOO could well be viewing beachy head with some interest

Pissy for oilies, but have taken a nice profit on Advanti so can't complain. Held GOO for years now, averaging some 10p a share and had written this equity off along time ago... Lets see it Z34 farmout can get me out evens although I won't hold my breath.

Wrong thread I know but I fancy going long on BNC right now, just a pure punt, any views cynic?

Updated destination is Stebbing 3.

The LE rig is on its way and will arrive today, so spud over the weekend it looks like.

And for anyone interested :

Stebbing is shallower water than Darwin (around 1.5km against 2km for Darwin)

Vertical depth of the well is about 1km less than Darwin - its a shallower drill, the target is higher up.

Drilling days allocated is TD estimated at 34 and the rig is estimated to be on site for 45 days from today.

Target is 25 API oil. Being shallower and in the mature oil window one could suggest Stebbing is more likely to be oil than gas.

I have heard there is a chance FOGL will now drill Loligo next.

Looks like you heard wrong again maybe you should just read the RNS pro....

Ps the man who said DES had no oil,wrong again if you read the RNS today......thicky!!

mark - you devalue your own argument and point

Second day strong on the bounce

there is seller at 82.50p on the order book ( you will see the quantity of "AT" at this price, that re-enters again on size of 21K once is previous one is gone), once finish should carry on with the rise

The problem now is whether to keep some BOR or to put everything into FOGL......at the mo it's 85% in FOGL for me...

Always wise to spread the risk a little, rf, even though, in this case, the two companies are linked.

Yes Harry....biggest holding for me is FOGL.....more like 90% in FOGL and 10% in BOR.....who knows : we might even hit oil sooner or later.....the Loligo prospect looks massive.....Stebbing.....risky .......we shall see....

Bouncing from 50MA

15 minutes delay

RNS Stebbing spudded.