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6500 of those 06's were my buy.
I cut the current drilling rate in half for the last 2500 ft of shale when I revised my t/d prediction to late December.
I'm told that the drilling rate will slow down a lot when we enter the shale but it's still a guess as to what the rate will be.
Looking like 22,000 Ft t/d in late December at present drilling rate.
From "Go Haynesville Shale" website.
By Skip Peel- Independent Landman 29 minutes ago
Mainland Resources, Burkley-Phillips #1 reported 56 days drilling ahead @ 15,489' on 9-17-10
Too late now. I own about 7 times as much AEXP as MNLU.
Some info. about the Tuscaloosa Marine Shale that MNLU just drilled through.
From "Go Haynesville Shale" website.
Reply by Bob Nies 17 hours ago
Skip, you and others on this blog might be interested in this report I stumbled upon regarding the potentially productive Tuscaloosa zone penetrated by Burkley-Phillips No.1 well. This old report is in an area surveyed just below Jefferson County and could be extended to the drilling site and indicates that this zone has a very large areal extent.....
Attachments:
Tuscaloosa Marine Shale.pdf, 7.3 MB
I called Fidelity about it. The guy said it was something to do with the routing of this particular stock. He said there was a flag on the order that the commission would be higher than normal. If there was I just did not notice it.
I tried to. I don't have enough assets to qualify. Going to try the pink sheet version with Ameritrade next time.
A stock promo that has an interesting perspective as to where natural gas is headed, particularly from the Haynesville Shale.
Cheniere Energy (LNG) has plans to convert their LNG facilities in south Louisiana from import to export.
http://www.dynamicwealthreport.com/research-reports/naturalgasopportunity.pdf
That must be why Fidelity charged me the $50. That was the first time it ever happened to me.
I really like this stock and I plan to buy more because I think long term it will be good play. They have a good business plan getting their acreage early and then negotiating working interests and carries when larger companies want to drill that acreage. Also their move to mostly oil and the price of oil will be going up.
Thanks guys. Anybody have any experience with Noble Trading?
Guys,
How are you trading this stock? Broker? Fidelity charged me $50 commission to buy it under the symbol SDCJF. Normal commission is $7.95.
should be "most" not "mast"
Mast recent drilling report.
http://www.sundanceenergy.com.au/2010/ASX%20Releases/08.27.10-Development%20Update.pdf
If you are right the shorter the time frame to accumulate cheap shares.
TheSeeker, You are correct about the previous (shallow) drilling but from here on the drilling rate is going to slow down a lot.
I hope my estimate is wrong but compare that with the time it took Chevron to get to 22,000 ft from approx. depth we are now. The numbers are in the previously posted well log.
It took Chevron 9 months to get from here to 22,000 ft, I am "guessing" 7 for us barring any problems.
From "Go haynesville Shale Website"
By ShaleGeo 1 day ago
Chevron was at 14522' on 10/18/1980 and they reached TD of 22000' on 7/14/81 so it is obviously tough sledding in the deeper section of the hole. I have posted the log before for those who want to see it.
Jay
A pure guess on my part but a timeline could look like this:
13,304'-12,940' = 364' per week
22,000'-13,304' = 8,696'
8,696'divided by 364' per week = 23.89 weeks - use 24
add 2 weeks to set casing string
add 2 weeks for multiple trips
add 2 weeks for wirelining
Total = 30 weeks
I'm sure I have left some items out in this "guesstimate" but I don't think they will hit 22,000 ft until around April 1, 2011.
From "Go Haynesville Shale" website.
Reply by Skip Peel- Independent Landman 12 hours ago
Mainland Resources, Burkley-Phillips #1 - September 3, 2010 - 42 days drilling ahead @ 13,304'
From "GO Haynesville Shale" website.
Permalink Reply by Skip Peel- Independent Landman on August 27, 2010 at 10:11pm
Mainland Resources, Burkley-Phillips #1 reported 35 days drilling ahead @ 12,940' on 8/27/2010.
http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?id=2117179%3ATopic%3A1397504&page=10#comments
Got some AEXP at .07 today. Cheapest yet.
Yes he does, market didn't notice tho.
Swanky, I don't remember MNLU putting out any info one way or the other regarding 3D seismic. Maybe they got enough info. from Chevron with the old well results to develope ther present acreage. I don't know if 3D seismic would be of any real value on this type of play, they already know what is down there.
I doubt they know the size of the play though, maybe they plan to establish that with the drill bit.
One thing is for sure. If this a big well (I think it will be) there is going to be big rush to lease the land on both sides of the Miss. river with or seismic, especially if we have some NGL'S present to offset the current low nat gas prices.
Deep Bossier well only has 135 ft of pay.
http://www.prnewswire.com/news-releases/gastar-exploration-donelson-4-deep-bossier-well-logs-over-135-feet-net-pay-94266284.html
Here is a article that will provide some insight into what we are looking at in the Mississippi play.
http://files.shareholder.com/downloads/GST/996407198x0x344066/f261682a-4603-45d5-a9df-04f24a928390/Deep_Bossier_Cools_Its_Heels__2_.pdf
A better comparison of our play is the East Texas "Deep Bossier". Mainland is comparing our play to this as far as depth and pressure. I see our play as being more productive though. The "Deep Bossier" wells are coming in at 15-23 million a day. i don't think they have the vertical "pay" distance we have. I think mainland will have multiple fractures in the 2500ft of shale. This is from a producer in the "Deep Bossier", Gastar (GST)
Deep Bossier Sands/Knowles Limestone - East Texas
The deep Bossier sands in East Texas is an unconventional play that has attracted some of the largest and most active operators in the U.S. The Bossier provides Gastar an avenue for continued significant near-term production and reserve growth.
Gastar has approximately 33,000 gross (15,350 net) acres in the Hilltop area of Leon and Robertson counties, about halfway between Dallas and Houston. The Company participated in its first well in the deep Bossier in 2001 with Anadarko Petroleum and has since successfully completed 16 out of 17 wells. It is continually improving the economics of the play by applying results of a 3-D seismic survey conducted in 2007 to better target well locations and through greater efficiencies in drilling, fracturing and completion over time.
The Bossier formation is a Jurassic-age series of sands deposited in an ancient deep-water environment in mini-basins or depositional lows and on the flanks of structures that existed at the time of deposition. These sands appear to lie beneath a large portion of Gastar's leasehold and have shown to be productive from depths of 16,500-19,500 feet. Bossier wells are characterized by high initial production, significant decline rates and long-lived reserves.
Gastar's most recent five Bossier completions have had an average initial production rate of 15 MMcf/day and average gross estimated ultimate recoverable (EUR) reserves of 8.3 Bcf. Its best deep Bossier wells to date are the Wildman Trust #3, which had initial production in January 2008 of 23 MMcf/day gross from two zones and EUR reserves of 11.4 Bcf gross, and the Donelson #3, which had initial production in June 2008 of 20 MMcf/day gross from one zone and EUR reserves of 17.8 Bcf gross.
Gastar has significantly reduced the cost to drill and complete middle Bossier wells by using a slim-hole casing design. Gastar successfully demonstrated this design with the Lone Oak Ranch #6 well in mid-2008, and it plans to use this completion method on all future middle Bossier wells to improve drilling efficiency and significantly improve well economics.
Getting close to buy price again.
Ecomike, sorry for your loss and best wishes to you and your family.
got some of those 08 shares and some 37.5 MNLU on the same day.
petemantx---do you live in haynesville? i have relatives there.
Look into Ecosphere Technologies ( ESPH ).
They are into cleaning frac water.
I own a few shares of it.
Claudealain - what made you buy in to BDGR? - know you from ERHE - we have both been there a long time.
An interesting article about natural gas powered vehiclis in Louisiana.
http://www.dailycomet.com/article/20100807/ARTICLES/100809624/1008?p=1&tc=pg
The latest in a string of opposition to hydraulic fracturing. Could be a very big benefit to us if our prospect does not need fracturing.
New York Senate stalls Marcellus fracing
Aug 5, 2010
Eric Watkins
OGJ Oil Diplomacy Editor
LOS ANGELES, Aug. 5 – The New York Senate, by a vote of 49-9, approved a temporary ban on the drilling of wells requiring hydraulic fracturing. The measure, which cannot become law unless passed also by the state’s General Assembly, would curtail drilling in New York’s part of the Marcellus shale play until next spring.
Brad Gill, executive director of the Independent Oil & Gas Association of New York, attributed the vote to “a calculated campaign of misinformation and ignorance.”
The bill (S1829B), sponsored by Sen. Antoine Thompson (D-Buffalo), halts the issuance of drilling permits for wells needing fracing. A companion bill in the General Assembly, sponsored by Robert Sweeney (D-Lindenhurst), has not been brought to the floor for a vote.
Sweeney said he expects the bill “to pass with similar overwhelming numbers.”
Supporters of the ban say hydraulic fracing, essential to production of natural gas from shale, threatens supplies of drinking water.
The New York Department of Environmental Conservation is reviewing the environmental effects of drilling in upstate New York.
Contact Eric Watkins at hippalus@yahoo.com.
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The Seeker - Where are you located? I'm in Harvey,LA
Mainland says the area they are drilling is naturally fractured and 2500 ft thick. That means no fracturing required and no horizontal drilling required.
I have been buying AEXP counting on a premium when the merger happens. I may not get much with tese prices.
stock may be adjusting due to the 4:1 merger
Good time to accumulate and lower your average. Also gives you some time for some reading. Go here and sign up.
http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?id=2117179:Topic:1397504&page=8#comments