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Thanks Al- Have a great weekend
Nice lowtrade- Like having you around
Just a student of the markets. Perfecting my skills of patience. (lol)
Patience. I believe we'll see major changes by end of the month in the PPS. Remember we have ongoing projects besides the current wells coming on line also. I'm here to make money and oil stocks are a good bet.IMO
Thanks Lowtrade- I have a cert for a couple mil but also have a trading position I've been swing trading with- I'm just a student and appreciate your input.
I believe the workover rig may be needed for the following action. The packer being mentioned in a previous PR for high pressure.
If the high-pressure squeeze-cementing technique is used, a special packer is run on the bottom of the tubing to protect the casing and other equipment at the wellhead. If the low-pressure or "bradenhead" squeeze-cementing method is used, then a packer is not required, since the pressures applied will not exceed the working pressure of the wellhead equipment and casing. After the cement has set, it may be necessary to drill out the cement from inside the casing and reperforate the casing at the desired intervals, since the cement will have sealed off all the old perforations.
work- over layout
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Although Coiled Tubing and Snubbing units are often used very successfully in workover operations, they are not in the true sense of the word a workover rig and are somewhat limited in their functions.
A small workover rig may have a single 32 ft or double 64 ft racking system, where as a big rig will have a 95 foot derrick rack back capacity.
The double derrick gets it name from the fact it is designed to stand back stands ranging in lengths from 57 feet to 65 feet. The average length of a joint of drill pipe is 31.20 feet. Such a rig will be rated to drill up to nine to eleven thousand feet or workover a well as deep as 13000 to 15000 feet.
Most are truck mounted for fast moving and would have a total number of loads not exceeding 50. With a well trained crew, a small rig such as this can finish a well in the morning and be moved, rigged up and back at work within 24 working hours.
Truck mounted rigs have both stiff and telescoping masts that are manufactured from high strength, cold drawn, seamless, square steel tubing. Cross beams are high strength, low alloy, angle iron for design capacity and ease of repair or replacement.
The mast capacities range from 100,000# to 540,000# hook load with heights ranging from 70 ft to 131 ft under the crown.
Many of these rigs are equipped with heavy duty hydraulic systems capable of providing power for hydraulic pipe tongs, tubing and sucker rod tongs, hydraulic rotary tables, hydraulic hand tools and hydraulic swivels.
The hydraulic pump is driven from a power taken off the transmission, other common methods are to mount the pump below the engine and use a belt drive. The transmission design has the advantage that it protects the pump from dirt and grime during rig transportation and makes it easy to maintain.
On a big rig the jack knife type derrick is pivoted at its base and is raised or lowered by the use of drawworks. The mast is constructed with the use of pins that join the sections together. After lying down the stripped down structure is moved by truck load. A big derrick would normally take 12 loads to move.
On the other hand truck mounted workover hoists are raised into position (the slightly off vertical position) by the use of hydraulic rams and then scoped out to its operational height.
Some smaller hoist (singles) will be worked directly from the back of the truck while the larger (doubles) will work over a preinstalled sub structure in order to rack back any completion string that may need to be pulled.
Good day- Better days coming.
Hey Max- was wondering what happened to you. I remember when we were buying this up in the .003's and my wife calling me dumbmove. Keep a eye on Peter Maupin P.E. cause I believe he is going to take TNOG places.
Like the prediction- I'm thinking if flow numbers hit a high range it'll bring in the oil community. Either way, its a winner. Thanks
Our baby came alive- Gotta luv it
Our baby come alive. Sweet
Thanks Dragon52 Good time to be accumalating.
The suspense- Is something brewing?
No guts no glory. Thanks Sawdin for your input.
I'm in agreement on that. I believe the company has to much to lose by not filing and that it might take to the last minute, but they'll get it done. It'll be a learning experience for them, that's for sure. Keep the faith.
Hoping this week. That well should have everyone in high gear and they know what it'll do to the PPS. Least were trending back up (lol)
Nice pic's- But we already knew we had a winner.Thanks O
lol- its a speculators market
Gonna be a good week - Investo7 IMO
L2 setting up nicely
2ND that- Thanks
True- Mention being key word here but as we know sometimes the message gets lost when other stocks become a focus. I'm always interested in the next winner as we all are or we wouldn't be in the OTC. Good luck.
Hey- Did someone change the sign outside? This is TNOG correct?
Why we need to support home-grown oil
Venezuela's President Hugo Chávez said Sunday that foreign oil companies which owe the nation's treasury millions of dollars in back taxes should either "pay or leave," government news agency ABN reported.
"I have given the order for [state oil firm] PDVSA and [the tax authority] Seniat to calculate, retroactively, all that is due to us and the corresponding interest that [the companies] haven't paid," Chávez said during his weekly television show Aló Presidente.
"It can't be that an oil company that doesn't pay any taxes and pays 1% in royalties reports losses, don't tell me that tale," Chávez said.
"They owe us a lot of taxes they didn't pay, if they don't pay they have to leave," he added.
Chávez's 2001 hydrocarbons law increased the tax rate for oil projects to 50% from 34%, and he recently increased royalties on extra-heavy crude upgrading joint ventures in the Orinoco belt to 16.7% from 1%. The JVs were signed between the government and foreign oil companies in the mid-1990s when the government was trying to attract investment in the oil sector.
Thanks for the update.
Thanks for the update.
We'll see. Looks good from here.
Thanks Harr- I've been waiting for the dips, might have to finish up position at .035
No panic here- Just pissszzzzzzzzzzzzzzzzzt. DD proven this to be worth the risk.
Murder in the 1st degree on low volume- Is there a penal code for that?
This is criminal!
Shoot-em up. Always looking
Funny how Jeff been pushing that ask for awhile now and not much time spent on the bid. Noticed their a main force on TNOG- wonder- same problem.
Stocking up gonna be tough here. Geez- Won't fill a AON and only small partials when I take it off, before bouncing back up. Try again tomorrow. Thanks Investo7 for the effort in your DD.
long way to go.
It's gonna take a lot of walking to get a decent position with this jittery PPS. I'll hit'em every time they get close to .03
They must be reading the board (lol)
They're not mine- have a large order at .03 and another AON at .031 no fills
Lack of news and impatient traders. TNOG will be fine when we get stats on the well and more wells to come now that the co. has a plan of operation on future drills. No loss if shares are not sold. TNOG has been bumpy for awhile now. imo