Re: Barry roe Jurassic Aqua, Old Red would travel only from the Chateau to have his ring kissed!!!
Re: Barry roe Jurassic I dont like the sidetrack idea. The one-eyed, Albanian goat-herd has been sidetracked for years and one would hope that he might remain focused for long enough to buy back just one of the buttons on the shirt I have lost.I see Old Red was back in Old Belvedere the other day having left his Chateau to tell kids how important it is to fail once in a while. Its failure Tony, but not as we know it ... I am sincerely glad that his health seems to have improved.
Re: Barry roe Jurassic Fimmy, The seismics indicate a Jurassic reservoir below Barryroe but only a well and sidetrack will tell us how big it is.
Barry roe Jurassic Pvr recently suggested that they may use one of the three wells next year to look at the potential of the Jurassic reservoir which seems to underlie the Barry roe reservoir.While there seems to be something deeper, I am not sure its a Jurassic reservoir.Perhaps ND could enlighten as to what he thinks is below barryroe.Please read excellent paper on the NORTH CELTIC SEA BASIN and its evolution over time.[link] evidence would appear to indicate that Jurassic reservoirs are thicker to the north of the basin. Is there any evidence for Jurassic sediment from the south, perhaps from the Labide bank.?Jimmy
Re: This evening's presentation Aqua, Agree he can at times be as clear as mud. Let us hope our new Chinese partners can bring out the best in him and JOS.
Re: This evening's presentation Thank you Charlie. One of TORs many faults is his inability to communicate. He should hire you.
Silver Lining! De Donald moaning about "artificially high" spot price and blaming OPEC. A silver lining here and over at Falcon Oil and Gas.....
Re: This evening's presentation Jimmy, Avalon behind Barryoe, Newgrange and Dunquin South on pecking order. If all these come in we will see Avalon tapped.....
Re: This evening's presentation Thanks for that ..P
Re: This evening's presentation I am not very excited by Avalon at this time because its a stratigraphic trap and because of basin inversion there is a high risk that the stratigraphic trap could be breached after oil migrated in and then flowed out during inversion.Unless the oil migration from source rocks occurs after basin inversion might it work,Not convinced by Avo hydrocarbon indicators in the porcupine after Druid well.Jimmy
Re: This evening's presentation Any view on Avalon Jim....
Re: This evening's presentation Jimmy,Amen to that!
Re: This evening's presentation At last Pvr have got the message out that the drilling on Barry roe in 2019 is to gain the detailed information necessary to optimally place the production wells.As I have said for over five years the key to Barry roe is to be able to map the reservoir directly on seismic so that small intra reservoir faults can be identified in advance so that production wells can be optimally placed to drain the field.The new seismic last year is a complete game changer to do this . With six wells drilled to date on Barry roe that gives a strong data points to validate the seismic interpretation. With another six well ( 3 wells and three sidetracks) this will give a total of 12 well data points to be able to confidently place the production wells . On this basis PVR is massively undervalued and should be many multiples of to days price.So we have 340 million bbl of certified 2c resources undeveloped and pvr have 40% after the farm out , should be worth at least $5 per bbl to pvr based on an oil price of $ 70 per bbl.What I find very interesting is the potential of the Jurassic below Barry roe which may also be drilled as part of the 2019 drilling program, now I am not aware of any published prospective resources for the Jurassic but based on the field illustration map it appears to be a four way dip anticline with source rock directly below which has also sourced the barryroe field above. So the question arises what are the reservoir thickness and flow rates in the Jurassic . Actually elsewhere in the Celtic sea flow rates in the Jurassic have ranged 2500 to 10,000 bels per day. Now this is exploration but and you have to drill to confirm it but it seems reasonable to me that we could be looking at least at a doubling of reserves from 340 to 680 million bbl. its definitely worth a look at very little extra cost.I expect the Jurassic to be a thicker reservoir that can be mapped directly on the seismic and a higher quality reservoir with very much higher flow rate potential. Now the source rock is the same so its highly likely to be high wax content oil but the last well on Barry roe proved that this can be dealt with with vacuumed tube technology.The new seismic technology that handles the removal of seismic multiples is key to all this as the reservoirs can be mapped directly on seismic and small faults identified with confidence. This technology can now be applied to the rest of the Celtic sea and fields like Hellvick and dunmore can now be re examined with this technology and potentially made commercial. The farm out to the Chinese has validated the new technology . The Irish magazine The Phoenix has the first decent review of Barry roe and the farm out, can be read over on the Lse website.Low hanging investment fruit here at pvr after all these years.JimmyThe extra information in the presentation
Re: This evening's presentation Charlie, I know it was a long evening but do you remember what TOR said about developing Helvick/Dunmore?
Re: This evening's presentation The other thing I forgot to mention was that the LOGP CEO was there too - there seemed to be a very good relationship between the two, which was reassuring given I'm a LOGP holder too