RE:RE:RE:RE:Thoughts on TXP from a wet and windy Saturday EnglandI'm interested to learn more about the logistics and timing. Moving a rig back and forth can't be without it's complications and juggling in testing equipment too just adds another layer and increases the chance of potential problems/delays.
However, I think once we fully understand an area , let's use Chinook for example, and have run tests on each zone I believe we can leave the rig in place and drill maybe an additional two holes on the same pad, creating a tripod of holes splaying off in differant directions.
So maybe we remobilize the rig back to Chinook after it's been fully tested, and drill another two holes back to back making our 3 hole tripod and then head back to Cascadura, it having been fully tested, to drill another 1 or even 2 maybe. We would then have 6 or possibly 7 wells ready to come on stream as soon as pipe was available. This would be where our first wave of cash would come from. And if the aerial extent justified additional wells, and I believe Chinook does, then a second pad and an additional 3 wells could be drillled back to back and that would be a second wave. And while all of this is being done Royston is being drilled and tested.
Thanks goodness the market isn't open because I'm making myself giddy.
Another thing I'm wondering about is have we the ability to drill with bigger pipe on these new wells as apparently Cascadura 1 will only produce at a limited 5000 Boe's because of the size of the pipe whereas I believe that well is capable of producing at much higher rates.
I presume they've got that figured out and if so and if my initial well count is accurate then maybe we have 6 wells coming on stream in the first half of 2021 each producing 10,000 Boe's for a total of 60,000 Boe's day ?
In gas terms I think it's 50 MMcf/d per well x 6 = 300 MMcf/d x 80 % WI x US $ 2.00
I think that would constitute a tidal wave of cash No ?
Cold shower for me Monday am.
Margin321 wrote: Yes, Paul has stated in interviews that the current rig will hang around the area and drill development wells in Cascadura vicinity and also likely in Chinook vicinity pending further info from the Chinook testing that should be started very soon. These two locations are very close together and off the same access road.
I would imagine they would annouince when the testing equipment has been mobilized to Chinook because that is somethiong that is likely to leak. There is a lot of interest in cascadura deep well and in the chinook testing.