NZ Oil & Gas (NZO)

[Getty]

Or get Ogg to breathe some life into the NTL thread.

[Getty]

As I have mentioned before, even if this well was deemed to be dry, valuable geotechnic data will be gathered, particularly from its depth, to decide whether to drill subsequent wells in the prospect area.

[Marilyn Munroe]

Some may say stopping oil and gas exploration and relying on an ageing fields with ageing equipment(1) is putting virtue ahead of practicality.

I disagree, we can resort to dirty Indonesian coal to keep light shinning on our pious governing climate change idealouges.

(1) https://www.rnz.co.nz/news/business/...gas-production

Boop boop de do
Marilyn

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Ooooh Marilynnn

I love it when you talk dirty...

[mistaTea]

http://nzx-prod-s7fsd7f98s.s3-websit...461/336754.pdf

Wow! 3.8km!

These guys are going like the clappers. I thought things might slow down and we might only be at 3.3 or 3.4km.

Only about 1.8km until target depth.

[Getty]

Yes, They have got the bit between their teeth.

[Waikaka]

Worth noting the trickiest and most time consuming parts of drilling a well are not drilling ahead.

Tripping pipe gets longer and longer as the hole gets deeper, pumping cement gets harder as the drill pipe thins and formation more likely to break out.

It is often the casing points and running into open hole section that cause the hang ups and problems.

4054m bsb is the next casing point (12 1/4"), then 4979m bsb (12 1/4") and a short slim hole to finish from 5370m bsb (8 1/2"). Watch out for those depths as key milestones to pass.

[mistaTea]

From Stockhead.com.au...

Gas exploration in an LNG province

Moving on to gas plays in Western Australia, Cue Energy (ASX:CUE) is participating with a 21.5 per cent interest in the upcoming tier one Ironbark-1 well in WA-359-P within the Carnarvon Basin, offshore Western Australia.
The well, which is operated by UK supermajor BP, is aimed at testing the deep Ironbark prospect, which has best case prospective recoverable gas resources of about 15 trillion cubic feet of gas.
“The main reservoirs are the Mungaroo reservoirs, which are also seen at Gorgon. They are regionally extensive, they are very thick and very large at the Ironbark site,” chief executive officer Matthew Boyall told Stockhead.
Ironbark is mapped out over 140sqkm on very good seismic, which Boyall noted made it a world-scale prospect.
It is just 50km from existing infrastructure at the North West Shelf (NWS) liquefied natural gas (LNG) project.
“It would be simple to tie-in to the NWS as BP is a partner in the NWS, and we also saw a few weeks ago when Beach reported that the northwest shelf is opening up for tolling,” Boyall added, though he did not rule out the potential of supplying gas to other LNG projects.
Development in the event of a success is expected to be simple with a number of wells, a subsea tie back and a short pipeline being the only requirements to bring it into production.
While Cue already has oil and gas production, a success at Ironbark-1 could take the company’s value into the multiples and open up other permits.
Boyall pointed to the neighbouring WA-409-P that is operated by BP (80 per cent), with Cue holding a 20 per cent stake.
He said the permit had potential upside to Ironbark and could see a contingent well being drilled.
“If Ironbark proves up the deep Mungaroo reservoir concept that we’re looking at, Cue also has the adjoining WA-389-P permit, which contains a very similar structure,” Boyall said.

[Onthemoney]

From Stockhead.com.au...

Gas exploration in an LNG province

Moving on to gas plays in Western Australia, Cue Energy (ASX:CUE) is participating with a 21.5 per cent interest in the upcoming tier one Ironbark-1 well in WA-359-P within the Carnarvon Basin, offshore Western Australia.
The well, which is operated by UK supermajor BP, is aimed at testing the deep Ironbark prospect, which has best case prospective recoverable gas resources of about 15 trillion cubic feet of gas.
“The main reservoirs are the Mungaroo reservoirs, which are also seen at Gorgon. They are regionally extensive, they are very thick and very large at the Ironbark site,” chief executive officer Matthew Boyall told Stockhead.
Ironbark is mapped out over 140sqkm on very good seismic, which Boyall noted made it a world-scale prospect.
It is just 50km from existing infrastructure at the North West Shelf (NWS) liquefied natural gas (LNG) project.
“It would be simple to tie-in to the NWS as BP is a partner in the NWS, and we also saw a few weeks ago when Beach reported that the northwest shelf is opening up for tolling,” Boyall added, though he did not rule out the potential of supplying gas to other LNG projects.
Development in the event of a success is expected to be simple with a number of wells, a subsea tie back and a short pipeline being the only requirements to bring it into production.
While Cue already has oil and gas production, a success at Ironbark-1 could take the company’s value into the multiples and open up other permits.
Boyall pointed to the neighbouring WA-409-P that is operated by BP (80 per cent), with Cue holding a 20 per cent stake.
He said the permit had potential upside to Ironbark and could see a contingent well being drilled.
“If Ironbark proves up the deep Mungaroo reservoir concept that we’re looking at, Cue also has the adjoining WA-389-P permit, which contains a very similar structure,” Boyall said.

Hi mistaTea. Thanks for your insights. In what week do you think we will get more info beyond the standard depth they have drilled?

[mistaTea]

Hi mistaTea. Thanks for your insights. In what week do you think we will get more info beyond the standard depth they have drilled?

It’s possible that they might start reporting on any detection of elevated gas levels after the next casing point.

After the next CP, we are very near the primary target...

It is possible that we will have some news about the primary target this side of Xmas. But I am not too sure, and the total drill (including the secondary target) has a planned drill time of 85 days. Which would take it to 24 January 2021.

Either way, we are within 6 weeks or so of knowing if we have made a discovery.