Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Going to open a book on how many miles it does before it starts to take on water and lists like Clive on a Friday night.
The Ievoli Orange supply ship has joined Meric so final supplies before setting sail.
News on 155/803 status next week and readmission following week probably. More time for hype to build but dependant on quality of update.
Re 803. If they flow it commercially, they’ll probably stop and produce as opposed to going deeper and risking the integrity of the well. 60m pre salt, flowing at commercial rates ? Take it and run :)
Spudding ? It is irrelevant as we’re not getting paid for well outcome. I’m happy for the spud to delay as we get paid $150k for every day it’s on site :)
Be suprised if it spuds by Monday Jester
Bue Ili had a change of mind and moved back across port and tied up again!
I wonder if we'll get an rns on Monday about c.e spud?
I remember that sp surge back then one of my best bagger to date and yes it was called roxi petroleum
Bue lli and Meric are in place ready for the move, would imagine Orange and Sunkar will pick up once out of port .
Looks like the boat is moving today. Two tugs alongside.
12 Metres of Net Pay set this off to 24+p at same depths as originally being targeted at 803.
803 is testing 11m above the salt layer with further Hydrocarbons to be tested after they drill deeper.
803 has at least 60 Metres of Hydrocarbons of interest!
RNS Number : 3362O
Roxi Petroleum Plc
05 August 2014
Roxi Petroleum plc
("Roxi" or "the Company")
Update on discovery at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of the deep discovery at its flagship BNG asset.
Background
The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010.
Roxi has a 58.41 per cent interest in the BNG Contract Area.
Deep Well A5
Well A5, the first deep well on the BNG Contract Area, with a planned Total Depth of 4,700 meters is targeting principally the middle Carboniferous formation at 4,390 meters of the South Emba sub-basin.
As previously announced oil and gas shows were detected at a depth of 4,332 meters.
Initial examination shows the recovered core of dolomitic limestone and is porous, fissured and filled with oil.
At 4,344 meters depth a 5-10 cm layer of siliceous rock has been encountered.
Roxi's management believes the oil bearing interval extends beyond the 12 meters referred to above and is seeking to take further core samples over an additional 18 meters between depths of 4,347 and 4,365 meters. Should as the management team expect the 18 meter interval show oil, further core samples will be taken until the full extent of the oil bearing intervals are established.
Once the depth of the oil bearing interval has been established testing work will focus on establishing flow rates for the oil encountered.
Further announcements will be made in due course.
Clive Carver, Chairman commented
3 x oil tankers anchored offshore that are normally berthed at Atkau.
Must be keeping out of the way until their berths are clear.
The next time you get offered a tug, confirm if it is with or without the bollard test.
Oh that's how....
https://youtu.be/NpGWwVHoiRI?si=yv6tWVswuUJgg4bM
Https://www.youtube.com/watch?v=3wWi6OrgZe4
All Tugged Out.
All on port? Just in time for a pub lunch at the Camels head...
All tugs in port now!
Looks a busy little craft that Endeavour.
Watching the slowest boat chase ever ... Have had to slow the Benny Hill music right down...
Is that you coffee on the Endeavour with your bins in one hand and your hampton in the other :-)
The Drill ships have class B AIS transponders so may go out of range, they use a different system for the middle of the Caspian Sea.
The Satti should have its own limited propulsion system, the C.E doesn't appear to have anything.
Watching
Sunkar - General Cargo Ship ( heavy lifting capability ? )
Bue Ili - Tug
Meric - Tug
Ievoli Orange - Tug
Bue lli
Blue lli and meric both tugs heading in too are they part of it
Here we go, all three tugs on the move.
Moving into position to enter port.
1.Oil Production
2.Oil Trading
3.CTS Drilling
4.Potential to sell older shallow oil fields of MJF and South Yelemes down to 2500 metres and pay Divis / buyback shares
5.Swap boat for minority interest in an offshore block
6.Purchase Block 8 and reveal what the drills have found.
7.Drill West Shalva and reveal results.
8.BNG Deep A wells funded to get them drilled finally with a G70 rig
9.New Structure discovered at North Yelemes deeps ( over 2500 Metres deep )
10. Original structure at 803 still to be drilled.
And we are getting well known traders pumping this at a 5 or 6p open, I get it that they may want to buy more but as i topped mine up before suspension I'll lay it out ;)
With well 155 and production at 2500 - 2600 this business is fully funded.
IF the well production drops to 600 BOPD we are still fully funded, that is before 803 adds anything in to the mix.
Article updated July 2024
Drilling barge ready for Eni's Caspian Sea wildcat
Caspian Explorer barge owner hopes drilling success might be opportunity to trade the unit for a minority interest in offshore Kazakhstan development
UK-listed oil and gas independent Caspian Sunrise has reactivated its drilling barge that had been sitting idle in the Caspian port of Aktau since 2018, to spud a wildcat for Eni near Kazakhstan’s largest offshore oil and gas project, Kashagan.
Caspian Sunrise is pinning its faith on the success of the upcoming probe and the resurrection of exploration activities in the shallow waters of the Caspian Sea.