PANCONTINENTAL OIL - Projekte in Australien, Kenya, Malta, Marocco und Namibia - Älteste Beiträge zuerst (Seite 303)

[abionaut]

http://www.4-traders.com/PANCONTINENTAL-OIL--GAS-10353093/ne…

[tnzs72]

Hola!

Hier mal, was ich gerade auf Hotcopper zu dem heutigen Announcement geschrieben habe, zum Übersetzen fehlt mir gerade leider die Zeit.

Könnte natürlich alles besser sein, aber auch noch viel schlechter.

Ich denke bisher ist das Glas mehr als halb voll, die einzigen Sorge bereitet mir etwas die Frage nach der weiteren Finanzierung noch kommender Bohrungen offshore Kenya in 10A/B sowie L8, falls wir das wieder bekommen. PCL könnte natürlich einen Teil der 40% in L6 abgeben sowie bspw. 8% von 10A. Aber ist irgendwie auch blöd, letztlich nur Krümmel übrig zu haben.

Welwitschia-1 wird wohl diese Woche gestartet, soll aber ein tight-well werden.

Hoffen wir mal auf einen commercial hit offshore Namibia, zumindest weiteres derisking...

Gruß von
tnzs aka Neo

______

After reading the announcement several times I think

a) they somehow messed it up completely. Today they look at a huge pile of mud, cement, samples, distorted and incomplete data due to the loss of material into the structure and scratch their had, wondering what to make out of it.

or

b) they do not want to let the market and/ or the Kenyan government know what they have.

Probably it is a mixture of a) & b), who knows.

Huge losses of drilling fluid, seawater (how did it get into the borehole???) and cement into the structure => should not happen, but of course can, but what really makes me wonder is that after weeks it seems like they still have no propper idea - officially - what kind of liquids they found. In the 21st century, with all that technique available? It is hard to believe.

However... I gave Google a try regarding how to define a net pay zone. So far:

Defining a net pay zone depends among others on what has been found. It can make a difference whether it is gas or liquid/ oil.

Porosity is one indicator besides permeability, water saturation and probably some more.

The cut off value, in "our" case 10%, is not carved in stone somewhere, it can vary and must be chosen, depending on several thoughts, assumtions and decissions.

There are different procedures to define a net pay zone based on core samples, wireline logs and therefore different results, depending on the procedure chosen.

Conclusion: For me this seems to be far away from a serious preliminary report of results of the evaluation process.

It also could be that they threw some bones to the market to chew on so that the phones stop ringing all the time, because for me it is hard to believe that they know so few only.

Farm-in/ JV politics as well as Kenyan politics might play a role, too.

So let's see what the final outcome will be, but till a further announcement several weeks or even month will pass, probably.

In the meantime we hopefully see some progress offshore Namibia.

____

[Horst_Reibach]

Eine aktuelle Einschätzung per 14.4. von GMP-Securities:

http://www.pancon.com.au/investor-centre/broker-reports/repo…

Pancon wird vermutlich noch neues/zusätzliches Kaptial auftreiben müssen. Von daher ist der aktuelle Kursverfall begründet. Aber ich sehe die Aussichten nicht so negativ. Genügend Potenzial ist weiterhin vorhanden. Von daher gute high risk Einstiegmöglichkeit.

[Fliegenschiss]

Moin Moin,

Neue Präsentation ist da

http://www.asx.com.au/asxpdf/20140417/pdf/42p22k18mdx1dt.pdf


Gruß Fliege

[tnzs72]

Hola!

Die Rowan Renaissance hat Walvis Bay verlassen und ist unterwegs zur Bohrstelle von Welwitschia-1:

http://www.marinetraffic.com/en/ais/home/centerx:14.433/cent…

Nächste Chance offshore Namibia, Daumen drücken...

Gruß von
tnzs

[rapalaa]

Hola, wie stehen die Chancen?

[rapalaa]

47%Minus, so sind die Chancen, dass das Ding bald wertlos ist

[rapalaa]

hier spielt jemand aber gewaltig mit dem Kurs

[tnzs72]

Welwitschia-1 drilling operations expected to commence this week

Tower Resources plc (TRP.L, TRP LN), the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited ("Neptune"), expects formal notification from Repsol Exploration (Namibia) (Pty) Limited ("Repsol"), the Operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship will commence drilling operations in Walvis Bay, Namibia by 25 April, 2014. This is a little later than expected owing to prolonged acceptance-testing by Repsol in advance of it taking the Drillship on a three-year contract.

The Welwitschia-1 prospect which is targeting net risked recoverable resources of 496 mmboe to Tower's 30% interest (based on the updated CPR - July 2013) and will intersect up to five separate reservoir targets ranging from the Palaeocene-Maastrichtian to the Albian Carbonate sequence at a potential total depth (TD) of 3,000m TVDSS. The Operator expects this to take up to 46 days.

During drilling there will be no updates to the market as this well is classified as a "tight hole". Accordingly the Company will provide a comprehensive update only once operations on the Welwitschia-1 well have been fully completed and analysed.

Graeme Thomson, Tower's CEO, commented: "We are very excited that the high potential Welwitschia well is to commence drilling in the coming days. This follows hard-on-the-heels of our announcement of a $32m placing, acquisition of exploration interests offshore South Africa, onshore Zambia and of an interest in Block 2B onshore Kenya where we expect to be drilling in late 2014. We are fulfilling the strategy we set out in mid-2013 to build a pan-African portfolio of high upside exploration licences combined with near-term material drilling opportunities."

Quelle: href="http://www.oilvoice.com/n/Welwitschia1_drilling_operat…

Gruß von
tnzs

[tnzs72]

Welwitschia-1 Well Spud

24 April 2014

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited ("Neptune"), is pleased to announce that it has received formal notification from Repsol Exploration (Namibia) (Pty) Limited ("Repsol"), the Operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship spudded the Welwitschia-1 well at 14:40 GMT on 23 April, 2014.

Gruß und Daumen drücken,
tnzs