update buck list NEW BUCKET LIST July 15
BUCKET LIST
1 Deep water drilling price ..Niko Announces Government of India's Decision on Marketing Including Pricing Freedom for Gas to Be Produced From Discoveries in High Pressure-High Temperature, Deepwater and Ultra Deepwater Areas
(RIL withdrawing arbitration.soon I hope )Also Fields with at least two-thirds of their wells falling in difficult terrains will be able to claim higher prices.. GO D6
( April 28/2016 On a side note RIL entitled to recover cost on unviable gas discovery: PAC
CAG had faulted the ministry or allowing RIL to retain the entire 7,645 sq km KG-DWN-98/3 (KG-D6) block in the Bay of Bengal.
This may help with them withdrawing their arbitration)
May 5, 2016: Reliance Industries Ltd (RIL) is perusing whether to withdraw a pending arbitration with the government on the gas price issue so that it can benefit from the higher prices. The company's top management is understood to be looking into two divergent views of whether to drop the arbitration to gain from the near doubling of gas prices or carry on with the two-year-old case.
May 9th RIL to withdraw arbitration, begin KG drilling
1.2Niko Indonesia is bankrupt..In a way it's a good news
2 Arbitrations over and we win (Bangladesh)February 21, 2016 - February 22, 2016 The Tribunal holds a further hearing on the compensation declaration in Paris.An international tribunal on Wednesday Oct 2oth 2015 ordered Petrobangla to set aside more than $30 million to pay for the gas supplied by Canadian company Niko Resources to the Bangladeshi corporation between 2004 and 2010.
Additionally, Petrobangla will have to pay at the six-month London interbank offered rate-plus 2 percent for the dollar amounts and 5 percent for taka amounts, compounded annually from September 12, 2014.
Now we wait for Pending resolution of the writ petition, the Court has stayed for a period of one month (ending June 9th, 2016)
Petrobangla shall pay to NRBL forthwith and free of any restrictions:
approximately US$25 million plus approximately 140 million Bangladeshi taka ("BDT") as per invoices for gas delivered from November 2004 to April 2010; plus
interest to September 11, 2014 of approximately US$6 million and approximately 50 million BDT; plus
interest from September 12, 2014, at the sixmonth London Interbank Offered Rate + 2% for USD amounts and 5% for BDT amounts, compounded annually;
This payment must be made immediately and is not subject to any contrary orders from the Courts in Bangladesh (including the writ petition and stay order which was announced by the Company on May 16, 2016); and
In view of the difficulties which have occurred in the past with respect to the payment of the amount owed to NRBL, the Tribunals will retain jurisdiction over Petrobangla and NRBL until final settlement of this payment.
2.5
Diamond Settlement Agreement
3 Drink more beer
4 MJ Discovery in the D6 Block Working on plans to develop MJ.(as evaluated by Deloitte ). most significant recent gas discovery MJ-1 in KG-D6 block may hold 1.4 trillion cubic feet of gas resources, roughly half of the reserves in the block's main gas fields.
In April, the Mukesh Ambani-led company invited tenders for drilling and recovering gas from three deep-sea clusters off the east coast of India including the R-series, Satellite-series and MJ-1 fields.
5 NO Sale of D6...raise funds for development of oil and gas fields in KG-D6 block.Acceptance of note holders support agreement on April 25th 2015
The Company now expects that it will, on or about May 2, 2016, commence the solicitation of consents to amend the trust indenture governing its 7% senior unsecured convertible notes due December 31,
"The discovery and successful appraisal of MJ adds a new and exciting chapter to the D6 Block. William T Hornaday, chief operating officer, Niko Resources
June 10, 2016 09:04 ET
Niko Announces Commencement of Consent Solicitation
Niko Announces Commencement of Consent Solicitation
NIKO ANNOUNCES RECEIPT OF REQUISITE CONSENTS TO INDENTURE AMENDMENTS (JUNE 24)
6 Results from well in Trinidad When finished (sold part 16 mill milestone payment to come )there still drilling
The Canari North well is a committed exploration well on the Guayaguayare licence....one exploration well in the Guayaguayare block.
Guayaguayare Shallow* 65% Range Drilling an exploration well
Guayaguayare Deep* 80% Range Deep drilling commitments are currently being evaluated
8 Bangora gas field in Block 9 (IS WORTH A LOT IF SOLD )... KrisEnergy set to drill two wells in Bangora gas field JULY 2015. moved to March 2016 The drilling work of the two wells will begin from Mach in 2016, he said, adding Bapex entered into deals for drilling any foreign company-operated wells for the first time.
To start the drilling operation, Bapex will deploy its own rig Bijoy-10 soon in the Bangora gas field, he said.
He informed that Bapex got the work contracts after a competitive bidding with international firms like Russian Gazprom and Chinese Sinopec.
Atiquzzaman said Bapex is confident of completing the drilling job efficiently. To carry out the drilling, KrisEnergy will pay $40,000 per day to Bapex, he said.
He hoped that on completion of the drilling, these two new wells could supply an additional 30 million cubic feet per day (mmcfd) of natural gas -- 15 mmcfd each -- into the country`s national gas grid.
Kris Energy still likes Block 9
KrisEnergy Ltd. Corporate Presentation May 2016
Bangladesh: Production with Exploration Growth Potential www.krisenergy.com 12 • Tertiary basin geology similar to existing portfolio in Southeast Asia • Acquisition of 30% working interest and operatorship of the Block 9 PSC completed in December 2013 • High-calibre team in Dhaka and on field location • Onshore Bangora gas field producing >100 mmcfd gross providing cash flow • Remaining working interest 2P reserves at 112.0 bcf of gas1 and 290,000 barrels of condensate1 • Exploration potential remaining in Block 9
Abbreviation Description
Bcf billion cubic feet
So there is still a lot of gas there and everything is working fine . can find any update on the two new wells will begin from Mach in 2016 that Bapex is drilling .
According to statistics revealed by the state-run Petrobangla as of November 29, Bangora field is currently producing around 103 mmcfd, which is around 4.0% of the country`s overall natural gas output of around 2,720 mmcfd.
. The other partners in block 09 are Niko Exploration Ltd with a 60 per cent working interest and Bangladesh Petroleum Exploration and Production Company Ltd (Bapex), with 10 per cent.
The Bangora gas field has currently four producing gas wells having total production capacity of 110 mmcfd, which is 3.97 per cent of the country's overall natural gas output of around 2,745 mmcfd as on July 09, 2015, Petrobangla data reveals.
Aiming to add 30 million cubic feet per day (mmcfd) of gas to the national grid, Petrobangla is set to allow the Irish company Tullow to drill two new wells on block -9 of the Bangura Gas Field.
The Bangura Gas Field produces 110mmcfd of gas and 300 barrels of condensate per day, which is 14.5 per cent of the country's overall output of around 2,645mmcfd of gas as on March 30. Bangura Gas Field has four production Wel9>
9. Dance .. Just dance even if you cannot .. life is to short NOT to dance .
(then there is always that credited to a gas pool account.the goverment has been holding back for the last 2 to 3 years )
_______