Looks like the Beach Boys BPT, Asx, are feeling Good Vibrations.
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Looks like the Beach Boys BPT, Asx, are feeling Good Vibrations.
http://nzx-prod-s7fsd7f98s.s3-websit...055/336202.pdf
3km down what's gonna be a very deep hole...
https://www.nbr.co.nz/story/genesis-...rce=Heads%20Up
Genesis looking to get out of Kupe!
lets hope there are no damp sponges thrown from the sidelines then, only glorious gas.
well I hope not. If you are getting gas molecules the seal must be leaking.Not a good sign as then it would be leaking for the last 100 million years so the well will be empty. Pukeko was like that.At the time it was drilled about 20 years ago it was claimed by NZO to have been the largest find in NZ. But it was just now an empty spent well.We were tens of millions of years too late with the drill on that one.
So I hope for no gas Molecules until we get there.That will be the first of many tiny steps we need to get a commerical find. When we do get to the target there could still be no gas molecules----no we won't go there......
We have now been drilling for exactly 30 days.
35% of the total 85 days anticipated.
In another fortnight, we will be just over half way (in terms of drill time, not distance).
Andrew made comments at the AGM about possibly having a result this side of Xmas. Does that sound right?
There would still be about a month or so to go of drilling by the time we hit Xmas so I would have thought that would be too soon?
I see some speculation today that NZO {among others} is mentioned as a possible buyer of the assets that Genesis are considering for sale.
The Australasian Trading Management daily newsletter.
No one associated with the well, or otherwise, can make a valid guess about drill results.
If we are very lucky, we could by next Monday be told that hydrocarbons have been struck, followed up by an ann that it is 75metres of nett pay gas column,
Or, anytime after that till hitting target depth and @85 days from spud, ann.s that gas shows are evident, but evaluation of water cut, porosity, flow rates etc, commercial success may not be determined until 6 weeks after drill completion.
Until then, all tickets/ shareholdings are valid, and should not be thrown away!