RNS - APD Approved. Drilling very shortly (20 Nov 20)

All USOP discussion here!

RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby TDB » Fri Nov 20, 2020 9:27 am

19 Nov 20
https://www.investegate.co.uk/u-s--oil- ... 0000P9518/

Operations Update

U.S. Oil & Gas Plc, (“USOIL” or the “Company”), the oil and gas exploration company with assets in Nevada, is pleased to announce that the U.S. Bureau of Land Management ("BLM") has approved Major Oil International LLC’s Application for Permit to Drill ("APD") for the proposed Eblana-9 well within the Company's Hot Creek Valley acreage in Nevada. Major Oil Intl. is a wholly owned subsidiary of US Oil and Gas plc.

Groundworks, including the building of the permitted access ways and drill pad, will begin immediately and are expected to take three days.

The Company expects to sign contracts with the rig supplier and other services without delay. Details of rig mobilisation and the drilling schedule will be announced soon thereafter, subject to Nevada Division of Minerals approval, which is expected shortly.

All operations will be conducted with regard to Covid-19 precautions.
TDB
 
Posts: 365
Joined: Fri Feb 15, 2013 5:57 pm



Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby TDB » Fri Nov 20, 2020 9:57 am

A reminder if the drilling programme from the Oct RNS.


Eblana-9 objectives
In placing the Eblana-9 well, the company drew on geological expertise familiar with the analogous formations in the adjacent, producing Railroad Valley. In addition, a specialist reservoir engineer and a well test engineer have worked closely with the exploration team to devise an efficient and comprehensive test programme for the well. The purpose is to determine the likelihood of commerciality, the viability of moving on to long-term production testing, and the assessment of potential Reserves. Data collection protocols have been agreed with an independent Competent Person reporting consultancy to ensure that all the data required for preliminary resource estimates will be available.

The Eblana-9 well
The well will be drilled at Lat: 38.444230735N, Long: 116.266997197W. Target depth is 5,300 ft. Drilling is expected to take 4-6 days and will be followed by Drill Stem Testing (DST) of 4-6 days. If the DST indicates oil in economic volumes is possible, production casing (4.5”) will be run and cemented. The well is planned as a straight hole with no deviation.

Reservoir characteristics
The Eblana-9 well location is a structural/stratigraphic play updip and east of the company’s previously drilled wells, Eblana-1 and Eblana-3. Both wells produced significant, though non-commercial, quantities of highly mature, light crude oil.

The volcanic rock types likely to be encountered in drilling Eblana-9 are Trachyte, Rhyolite and Basalt as well as Welded Tuff and Ignimbrite. These rocks can form viable hydrocarbon reservoirs with acceptable porosity and permeability and can also form the necessary seals. Permeability (MD) is expected in the range 65-75, with porosity of 19.5-22.5%. API is expected in the range 28-33.

Three potential producer zones are of interest: Zone 1 with top at 4,420 ft. and 200 ft. thickness; Zone 2 at 4920 ft. with 90-120 ft. thickness; and Zone 3 with top at 5140 ft. and 30-60 ft. thickness.

Drilling
A conductor will be drilled to 120 ft., and pipe will then be run to that depth. The surface hole section to 8.5” will start at 120 ft. and run to a depth of 2,550 ft. The production hole section will be 6.125” hole size and run from 2,550 to 5,300 ft. From 3,500 ft., cutting samples will be taken every 30-40 ft. until chromatography shows high gas, when cuttings will be taken every 10-20 ft. Drilling will continue until the bottom of the third reservoir. Upon reaching TD, Open Hole logs will be run to aid in evaluation of the formation.

Testing
The purpose of the Drill Stem Test (DST) is to determine if the well is likely to produce at commercial rates. In addition, DST will also collect representative fluid samples for analysis, obtain steady state flows and collect flowing and shut-in bottom-hole pressure buildup data to aid in determining formation permeability and productivity. For each of the three zones of interest, 16 hrs. will be allocated for flow and 8 hrs. for shut-in. Swabbing will be carried out if required to initiate flow. The Surface Well Test contractor will provide a documented test report with flow rates, fluid cuts, surface pressures, and operations logging.

If one or more of the expected intervals show good indications of production potential, a one to two-day flow test will follow.

It is important to note that the purpose of testing at this stage is not to maximise flow but to determine the likelihood of commerciality and the viability of long term production testing. Maximising flow will be a subsequent exercise and may involve artificial lift or other measures.

Completion
Depending on DST results and open hole logging program, the decision may be taken to complete the well. In that case, 4.5” production casing will be run and a perforation programme carried out. Long term production testing would then follow in due course to ascertain likely recovery factors and other parameters. Operational planning for production testing is currently underway.

Brian McDonnell, US Oil CEO, said:
“While awaiting the award of the permit to drill Eblana-9, the Company has finalised its drilling and well test programme. Operations have been carefully planned for maximum efficiency and, above all, to produce the high quality, independently managed data we need to make the right decisions about the potential of the well and the next steps to take. As always, the drill bit will decide, but we believe we are fully justified in having high hopes for a commercial well. If that should happen, we are positioned to move rapidly ahead with production testing and further field development.”
TDB
 
Posts: 365
Joined: Fri Feb 15, 2013 5:57 pm


Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby TDB » Fri Nov 20, 2020 9:59 am

Brian McDonnell, US Oil CEO, said:
“As always, the drill bit will decide, but we believe we are fully justified in having high hopes for a commercial well. If that should happen, we are positioned to move rapidly ahead with production testing and further field development.”


Let's hope he is right .
TDB
 
Posts: 365
Joined: Fri Feb 15, 2013 5:57 pm


Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby TDB » Fri Nov 20, 2020 10:05 pm

Drilling atlast, 85 views and nobody has anything to say ?
TDB
 
Posts: 365
Joined: Fri Feb 15, 2013 5:57 pm


Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby EveryPenny » Sat Nov 21, 2020 2:38 am

I will not get excited, I will not get excited, I will not get excited!
Actually after a horrendous 11 month struggle last week we completed a £60 Grand re mortgage that wiped out ALL our debts and reduced our monthly outgoings by over a grand so we are as long as I can keep working until I'm 74 as sound as a pound.
Getting Even a few grand back from this decade long fiasco would be such a bonus. I wonder how many of us have died since the £6 a share days?
User avatar
EveryPenny
 
Posts: 1027
Joined: Fri Feb 01, 2013 12:26 pm


Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby farmerboy » Sat Nov 21, 2020 7:44 am

TDB, nothing to say because it's all been said over the last 8 years. There have been so many false dawns that I'll believe what happens next when I see it.
farmerboy
 
Posts: 37
Joined: Mon Jan 12, 2015 7:12 pm


Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby The fox » Sun Nov 22, 2020 4:25 pm

Have we any estimates on number of barrels we hope to hit. Optimistic all the way
The fox
 
Posts: 43
Joined: Wed Jan 14, 2015 3:10 pm


Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby TDB » Sun Nov 22, 2020 7:02 pm

Have a guess and if you guess right you can have the both of them.
TDB
 
Posts: 365
Joined: Fri Feb 15, 2013 5:57 pm


Re: RNS - APD Approved. Drilling very shortly (20 Nov 20)

Postby Oktane » Mon Nov 23, 2020 12:03 pm

Last drill saloon time, be nice if this one finally flows!

IF there is a Harris admin next year it is going to become harder all around to drill on govt owned land as the Green Terror begins...
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!” Jesse Livermore
User avatar
Oktane
 
Posts: 223
Joined: Mon Feb 11, 2013 10:17 pm



Return to USOP Discussion

Who is online

Users browsing this forum: No registered users and 12 guests