Recent

% | $
Quotes you view appear here for quick access.

Iona Energy Inc. Message Board

  • smarter_of_moron_idiot_imbecile smarter_of_moron_idiot_imbecile May 19, 2013 2:45 PM Flag

    IONA keeping busy as OPERATOR of Orlando and Kells (with thanks to OJ)

    while we wait for Huntington production news IONA is moving the ball downfield...

    "[
    CNQ / CNR Ninian Platform upgrade for Kells oil field development....

    * It shows that the Ninian South portion of the platform will be shutting down in a few weeks to complete the top side work for the eventual hook-up of the Kells oil field. It is assumed that all of the Orlando top side work was completed on the platform last year.

    * this is a very important project for CNQ and INA. CNQ is going to be able to run up to 5 Brent oil fields through its platform and extend the life of said platform for a consideral amount of time. Those 5 oil fields will have reserves of 45 mmbo/e to pick a number....75 mmbo/e to possibly even 100 mmbo/e....on a 3P and a contingent resources basis. More appraisal drilling and actual reservoir performance will be needed to finalize the reserve / resource numbers but the amount of satellite oil field potential here is very considerable.

    * so as we await more news on Huntington oil performance we can expect work to continue to advance the Orlando and Kells oil fields towards their production dates.

    * looks like we get 2 wells in 2014 and another 2 wells in 2015. Re-entry of existing vertical and turn it into a 10,000 bpd horizontal in 2014 and production wells number 1 for Kells also in 2014. Then add one more well into each field in 2015 if reservoir performance meets or beats expectations.

    * kick in 1-2 Tyne production wells and you have enough activity to keep Mr. Market happy all the way through 2014.
    .
    ]"

    P.S. Have you ever noticed the word "IONA" is contained in the word "MILLIONARE"?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
IONAF
0.01310.0000(0.00%)Aug 27 1:34 PMEDT