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Magellan Petroleum Corporation Message Board

networthgrowing 90 posts  |  Last Activity: 18 hours ago Member since: Oct 5, 2008
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  • Reply to

    trying to find out...

    by badmagician 21 hours ago
    networthgrowing networthgrowing 18 hours ago Flag

    11 gas to 3 oil wells last count, 6 gas 3 oil in WOODRUSH, 4 KOKO gas , 1 SR gas.

  • networthgrowing networthgrowing 23 hours ago Flag

    sid, one piece of advice. Don't use 5 year old news like AVI does, and I believe you will be better than him.

  • Reply to

    Horse Hill

    by networthgrowing Oct 24, 2014 10:27 AM
    networthgrowing networthgrowing Oct 24, 2014 10:36 AM Flag

    The upper Portland Sandstone reservoir, which produces at the nearby Brockham oil field, was also intersected by the Collendean Farm-1 exploration approximately 790 metres north of the Horse Hill-1 well. Using the solely available 2D seismic data and the well results, the operator has mapped an area of closure of approximately 3.8 square kilometres where the Portland Sandstone is above the observed oil down to at a depth of 1,901 feet TVDss. The presence of two wells within the same mapped structural closure significantly increases the confidence in a commercial discovery and there is every indication that the Portland reservoir can be developed as a commercial oil field.

    The gross oil bearing upper Portland Sandstone interval in Horse Hill-1 measures 102 feet, has an average porosity of over 16% and average oil saturation is estimated as 36%. Based on regional and local trends, confirmed by wells at Brockham, these reservoir parameters indicate a high likelihood of production at commercial rates. The equivalent interval in the Collendean Farm-1 well, drilled by Esso in 1964, shows similar reservoir characteristics over a 97 foot gross interval. The gross oil column contained within the Horse Hill-Collendean Farm structure is in excess of 140 feet.

    The lower Portland Sandstone reservoir, which is seen to be water wet in Horse Hill-1 and Collendean Farm-1, lies above the oil down to in an untested fault block to the south of the Horse Hill-1 well and is interpreted to contain a prospective most likely in place oil gross volume of 16.8 mmbbls.

    The Corallian Sandstone and Great Oolite targets in the Horse Hill-1 well are not seen on electric logging to contain moveable hydrocarbons, however, further evaluation of several thick Kimmeridgian-age limestones, which had hydrocarbon shows and elevated mud gas readings whilst drilling, may provide additional oil potential within the well.

  • networthgrowing by networthgrowing Oct 24, 2014 10:27 AM Flag

    24 October 2014

    Solo today announces that, following preliminary evaluation of the electric logs, the Horse Hill-1 well has discovered an oil accumulation in the conventional Upper Jurassic Portland Sandstone at a top reservoir depth of 1,791 feet TVDss.

    A preliminary most likely estimate of 3.1 million barrels ("mmbbls") of gross in place hydrocarbon volume has been calculated within the upper Portland, with a further gross unrisked in place prospective hydrocarbon volume of 16.8 mmbbls of oil in a separate lower sand in the Portland interval located in an untested fault block to the south. As previously announced, the well is being deepened to the Triassic where an additional target, believed to have potential for gas, is expected to be reached in the next two weeks.

    The Portland Sandstone was previously reported on 16 October 2014 to have oil shows in cuttings and elevated gas readings whilst drilling and these indications have been confirmed by independent petrophysical analysis of the electric logs acquired in the well during the last week. Further analysis is continuing to establish the recoverable volume of oil that has been discovered.

  • Reply to

    Well, that is not great news from UK

    by wright.tom64 Oct 24, 2014 8:44 AM
    networthgrowing networthgrowing Oct 24, 2014 9:49 AM Flag

    Tom, it would serve them (UK) right if Russia cut the NG off.

  • networthgrowing by networthgrowing Oct 22, 2014 7:34 PM Flag

    that white deer the 11 year old KILLED will make a nice skin.

  • Reply to

    Hastings

    by willyworld07 Oct 16, 2014 6:55 PM
    networthgrowing networthgrowing Oct 16, 2014 9:50 PM Flag

    So this is the opposite of dilution, in other words the value of our shares just became a little more valuable.

  • Reply to

    Hastings

    by willyworld07 Oct 16, 2014 6:55 PM
    networthgrowing networthgrowing Oct 16, 2014 9:37 PM Flag

    MPET confident about UK and CO2 project? I believe this move shows they know a little more than AVI.

  • Reply to

    Horse Hill update

    by networthgrowing Oct 16, 2014 11:32 AM
    networthgrowing networthgrowing Oct 16, 2014 11:43 AM Flag

    The depth of the third casing point was deepened from the previously announced 5,900 feet to 6,612 feet MD due to a number of reservoir targets being identified slightly deeper and thicker than expected.

    Great news that the target reservoir is "thicker" than expected, this means more hydrocarbons (oil/gas).

  • Reply to

    Horse Hill update

    by networthgrowing Oct 16, 2014 11:32 AM
    networthgrowing networthgrowing Oct 16, 2014 11:33 AM Flag

    NGL's this could be more valuable than the oil. Hydrocarbon gases from spectrometry showing the presence of C1 (methane), C2 (ethane), C3 (propane), C4 (butane) and C5 (pentane)

  • networthgrowing by networthgrowing Oct 16, 2014 11:32 AM Flag

    Drilling Update, Horse Hill-1, Weald Basin UK
    Stellar Resources plc (AIM: STG) today advises that the Horse Hill-1 well has now been drilled to the third casing point at 6,612 feet measured depth ("MD"), and will now be electrically logged through the observed reservoir sections. Electronic logging and full interpretation of these logs is expected to take approximately one week.

    The depth of the third casing point was deepened from the previously announced 5,900 feet to 6,612 feet MD due to a number of reservoir targets being identified slightly deeper and thicker than expected.

    On completion of the detailed logging, it is planned that a 9 5/8-inch casing will be set prior to drilling in an 8 ½-inch hole to a total depth ("TD") of approximately 8,680 feet MD in order to test for deeper Triassic aged formations where further electric logs will be acquired.

    As previously announced, oil shows from mud logging have been identified in the Portland Sandstones and additionally oil shows, mineral fluorescence and elevated gas readings of C1 through to C5 have been detected whilst drilling the well to the current depth. The significance of these hydrocarbon shows will only become clear following the analysis of the detailed down-hole electric logs.

    Stellar Resources owns a 10% direct interest in Horse Hill Developments Ltd ("HHDL").

    HHDL is a special purpose company that owns a 65% participating interest and operatorship of onshore licences PEDL137 and the adjacent licence PEDL 246 in the UK Weald Basin. The participants in the Horse Hill-1 well are HHDL with a 65% working interest and Magellan with a 35% interest.

  • networthgrowing by networthgrowing Oct 16, 2014 9:00 AM Flag

    she used to be a daily pumper.

  • Reply to

    $1 in the near-term!

    by peixbillion Sep 16, 2014 6:20 PM
    networthgrowing networthgrowing Oct 14, 2014 2:21 PM Flag

    That's the worst pump post I've ever seen

  • Reply to

    Added more

    by networthgrowing Feb 24, 2014 4:06 PM
    networthgrowing networthgrowing Oct 13, 2014 8:50 PM Flag

    bump for AVI

  • networthgrowing by networthgrowing Oct 13, 2014 4:12 PM Flag

    this is a over reaction.

  • Reply to

    The last $1.5 million

    by networthgrowing Oct 1, 2014 10:12 AM
    networthgrowing networthgrowing Oct 13, 2014 4:04 PM Flag

    JJ, they sold shares 25% below the current SP, what happen after that the SP collapsed.

  • Reply to

    The last $1.5 million

    by networthgrowing Oct 1, 2014 10:12 AM
    networthgrowing networthgrowing Oct 13, 2014 3:09 PM Flag

    that last dilution Aug. 15th 2014 has cost shareholders over 21 million in market cap.

  • networthgrowing by networthgrowing Oct 10, 2014 3:25 PM Flag

    releasing news that a water disposal well has been completed not really something to jump up and down over, DEJ should have just waited a little while longer with news that the disposal well and another production has been completed. It's good that the water well will reduce costs, but it's not revenue.

  • networthgrowing networthgrowing Oct 8, 2014 7:57 PM Flag

    Another good post bottom and very accurate.

  • networthgrowing networthgrowing Oct 8, 2014 7:55 PM Flag

    Good post bottom, in fact, probably one of your best. No pump just info. This new pipeline Canada is building will one day benefit DEJ.

MPET
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