PGS NSE AQO DLS BPT

PGS's stock price valued at 8.4c in relation to AQO block, page-16

First 16 Last

Share
Profile

Follow
jake0002

6,942 Posts.

746

29/06/14

21:30

Post #: 13586412
Share

Originally posted by anatol ↑

Hi Speculator

I think I have already given the answer on my post above.

Yes I said that ATP855 of BPT-Chevron-Icon and ATP-940P of DLS-BG Group have less temperature than PEL218 but it still has much higher temperatures than PEL570 and PEL514 of Patchawarra Trough.

I also said that the Patchwarra formation's depth is much deeper (4200m) at that section (North-East) for ATP855 and ATP-940p at Nappamerri Trough than PEL218 of BPT-Chevron at the south-west of Napp. Trough.

Therefore BPT and DLS JVs still have to deal with high temperature and pressures.

You can see BPT's latest presentation (they don't give the depth markings, I am giving them with my red markings) most wells are being drilled down to Patchawarra formation as it is the main sources of hydrocarbons . We should understand that they made the mistake by considering that the REM sections would generate enough hydrocarbons for gas. But it didn't. They have realised it after drilling many wells and spending hundreds of millions.

Therefore no, they are looking to Patchawarra Trough. Magnum Hunter and NSE have realised the situation and take the biggest portion of AQO. Then Drillsearch realised it and tried to takeover Senex. But they couldn't do it.

Also, you can see that Chevron's share in ATP855 is only 18% while they have 30% in PEL218 which is hopeless for now. So we can see that Chevron is in trouble, but Drillsearch is attacking to Patchwarra Trough!

Where is Chevron then!

Expand

goodaye Anatol, when did Drillsearch try and takeover Senex? Maybe my memory is failing me - again?
cheers

NSE Price at posting: 14.0¢ Sentiment: None Disclosure: Unspecified

AQO Price at posting: 37.0¢ Sentiment: None Disclosure: Unspecified

BPT Price at posting: $1.71 Sentiment: None Disclosure: Held

DLS Price at posting: $1.51 Sentiment: None Disclosure: Held

PGS Price at posting: 2.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 9 more messages in this thread...

First 16 Last

Add PGS (ASX) to my watchlist

PGS's stock price valued at 8.4c in relation to AQO block, page-16

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up