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Everything UMIAT...history, facts, fossils, etc
http://www.umiat.com/history.html
Technology for drilling inside a reservoir is incredible....we can literally "see" what is there from surface...
If read closely they were open hole testing...drill and test...drill some more and test...and continue....they also did some make shift fracturing jobs with dynamite...lol...sounds like something I would do...
Page 121:
After the pumping test, the hole was shot several times with 60 percent seismograph dynamite, and the hole loaded to the surface with oil before each shot. Sixty pounds of dynamite was placed between 355 and 362 feet in four 15-pound charges. After the shot, the hole was bridged at 334 feet. A second shot of five 5-pound sticks was made at 315-324 feet, and the hole was then found bridged at 314 feet. The third shot, again with five 5-pound sticks, was between 305 feet and 314 feet, and the hole was bridged at 304 feet. Shot number four, with five 5-pound sticks of dynamite placed between 294 and 304 feet did not bridge the hole. Shots 5 and 6 each used ten 5-pound sticks placed at 274 to 294 feet and 254-274 feet, respectively. The hole
was then cleaned out to 457 feet with a 6-inch bit, and another pumping test was made. After recovering the load oil, 15 barrels of oil with no water was pumped in 12 hours of continuous pumping. Continuous pump- ing for the next 2 days recovered 24 barrels of oil
Photos or it didn't happen...LOL...
LOL...sorry, probably sounded corny...traveled several million miles working in this industry...Foot race with Jude Law to Immigration in DFW same deal flew in from LHR...we both hit customs at the same time...Jude got snagged for Visa paperwork I guess they held him up. I went through seeing ALL the ladies waiting in Terminal D and proudly announced Jude Law would be coming through any minute...I then proceeded to haul arse...lol...got home told my wife I flew in with Jude Law on British Airways, and she said "Why didn't you invite him home?"...Man just can't win can he...
Anyway I thought I would distract everyone for 5 seconds from the FOMO MONSTER!
Correct, but they did not drill Charlie-1 in the sweet spots (hindsight after logging and re-evaluating seismic), the sweets spots are close proximity of Charlie-1 (same reservoir) so when they go back there they will hit even more productive intervals...easily...
Funny story about George Michaels...
Flew First Class with him on a British Airways flight from DFW to LHR, getting off the plane he cut me off, I said who the heck does this guy think he is?...I was breathing down his neck cause I had a close connection flight to Nigeria...anyway he turns around and gives me the what the hell stare, and I realize who he was, anyway I backed off, and he met up with his protege's at the exit of the plane as they were all seated in Business Class...lol...I was ready to knock his punk arse out...lol..
Horizontal UMIAT WELLS IF they drilled UMIAT WELLS horizontally across the reservoirs they would produce 2000-3000 bopd sustained per day, and reservoir drainage volume would be increased 4X's...with less stress (drawdown) on the reservoir, less sand production, and 100 fold increase in recovered volume...also the reduced drawdown would stop gas and water from "coning" in and the wells would be much more productive over a longer period...
Horizontal wells are beneficial to reservoirs for multiple reasons:
1) They have much more surface area in the pay zone
2) Increased reservoir production rate several times over.
3) They lower the pressure drop (drawdown) as well as the fluid velocity around the wellbore, therefore reducing sand production.
4) The lower pressure drop (drawdown) also alleviates coning in of water or gas near the oil reservoir (Gas at top and Water at bottom)
5) GOC = Gas Oil Contact
6) OWC = Oil Water Contact
Index Under: Formation Test - Pages are not correct you have to use the page off the document itself and not the pdf page...
Umiat #1 Page 93
Umiat #2 Page 111
Umiat #3 Page 120...etc
UMIAT TEST WELL DATA: https://pubs.usgs.gov/pp/0305b/report.pdf
Plan for a road to UMIAT to access oil and gas: http://dot.alaska.gov/stwdplng/cip/stip/projects/Assets/Foothills_COC.pdf
Alaska - North Slope Oil Wells Database:
http://aogweb.state.ak.us/DataMiner3/Forms/WellList.aspx
Of course, but it's looking like they will have a bigger bounty of oil than originally anticipated...UMIAT Airstrip is only 10 miles from Merlin-1...
https://www.google.com/maps/place/69%C2%B029'04.5%22N+152%C2%B021'48.0%22W/@69.2947255,-152.2482592,17682a,35y,37.33t/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d69.4845833!4d-152.3633333!10m1!2e10
Easily done with the right connections..."On the North slope we have a complex system of pipelines that safely move oil from the wellhead, to processing facilities and then into the Trans-Alaska Pipeline system all the way to Valdez. Once the North Slope crude reaches Valdez, tanker vessels owned and operated by Polar Tankers Inc., a wholly owned ConocoPhillips subsidiary, safely transport the oil from Alaska to market."
https://alaska.conocophillips.com/what-we-do/transportation/
They have been giving him shares all along as a benefit...he is set for life and with oil prices higher may actually have gotten a better offer from a larger company...it happens ALL the time in this industry....
With the Merlin-1 drilled and logged with Gamma Ray - Resistivity - Bulk Density (RA) Logs and they may have added MRI - which everyone knows what MRI is...they will revise the Seismic significantly more than likely, they did on the Charlie-1 Well and it paid off....
On this well "Merlin-1" they missed the formation tops by 600 ft (Found reservoir 600ft deeper than anticipated)...so the no doubt in my mind they will review and revise the seismic and it will become even more accurate for the future wells...
600ft is significant in oilfield terms...actually almost erroneous...I'm drilling right now and Geology is off by about 5 ft TVD (True Vertical Depth) and that is normal...30 ft is significant...50 ft will throw up Red Flags...600 ft? shoot the seismic folks and geological interpreters...they suck...
Here read it for yourself...I don't know how to say it in laymans terms too easily, I was actually using laymans terms when I wrote that in hopes it would make sense...just so everyone could understand they found a huge column of hydrocarbon (Could be gas, oil, and water), as well as other reservoirs additionally if you understand geology...so logging may take considerably longer as they will need pressure points and samples for confirmation of fluids and fluid contacts...sorry best i can do...ask me anything you want explained better and I will try my best... https://clients3.weblink.com.au/pdf/88E/02358090.pdf
Waiting on Update...Be PAYtient...
If the sand is 500 ft thicker than anticipated it means a longer Wire Line Logging program...could take a week easily, they may have to wipe or clean the hole in between runs if the wireline starts having issues with "stickiness"...they will most likely take the reservoir fluid samples and perform "pump-outs" on drill pipe to alleviate sticking logging tools in hole...usually they will log and then record Pressure Points on Wireline then revert to Drill Pipe because sometimes samples can take hours to retrieve with an MDT (Modular Dynamic Formation Tester)...so everyone needs to CHILL and be PAYtient....
Correct, they will be adjusted once they drill another well updip or down dip and confirm what they discovered from Charlie-1 data....
Charlie-1 Sidewall Cores were evaluated and they were FULL of oil...they can easily confirm amount and permeability and millidarcies and porosity from the sidewall cores...after reevaluation Charlie-1 was found to be a Big DISCOVERY with higher quality reservoir undip and down dip...in actuality Charlie-1 was more of a delineation well for them...there is MUCH sweeter reservoir to be drilled close by...
https://www.oilandgastoday.com.au/88-energy-upgrades-net-pay-from-charlie-1-well-confirms-large-oil-discovery/
Update EEENF Charlie-1 Well:
1) https://www.oilandgastoday.com.au/88-energy-upgrades-net-pay-from-charlie-1-well-confirms-large-oil-discovery/
2) RE: Merlin-1 IF they found 800MM bbls / 2 = 400mm bbls x $4.00-$5.00 (High Quality Condensate Oil) / 12.1 billion = $0.13 per share
3) more wells to drill that are already confirmed to have oil reservoirs, it's just a matter of how large the reservoirs are and achievable flow rates
4) "The reservoir quality is clearly evident to be higher away from the Charlie-1 location, both updip and downdip."
They do not have any data or confirmation until they run this log: https://www.slb.com/-/media/files/fe/brochure/mdt-br.ashx
It will probably be similar in content to UMIAT Condensate...0.03 Sulphur...
A second well, Harrier-1, may commence immediately: "The Merlin-1 well was spudded on 10th March 2021 and is targeting 645 million barrels of gross mean prospective resource#. Flow testing of Merlin-1 is planned, if wireline logging confirms a discovery. A second well, Harrier-1, may commence immediately following completion of operations at Merlin-1, subject to results from Merlin-1, schedule and permit approvals. Harrier-1 is targeting gross mean prospective resource of 417 million barrels#. https://www.londonstockexchange.com/news-article/88E/operations-update/14907837?lang=en
Probably being given in shares....drilling companies do that a lot above a certain level in management...
Crude oil from Umiat test well 1 could be used to manufacture kerosene, jet propulsion, fuel, diesel fuel, and some lubricating oils UMIAT Wells
Asia Metals Inc. Assay Results From $4MM Drilling Program https://m.insidertracking.com/aabb---asia-metals-inc-assay-results-from-4-million-drilling-program-establish-high-grade-gold-mineralization-as-gold-outlook-remains-strong
Asia Metals receives new drilling rigs at Guerrero Mine site https://www.nsenergybusiness.com/news/asia-metals-receives-new-drilling-rigs-at-guerrero-mine-site/
Asia Metals Inc. - Phase II Drilling Program Data August 2020 - La Coloradas
Hole ID Hole (m) Start (m) End (m) Width (m) AU (g/t) AG (g/t)
LC2020AM-LIV 396 297 306 8.8 7.71 0.94
356 369 12.8 2.69 1.37
LC2020AM-LV 406 252 260 7.34 3.18 1.15
304 310 5.2 10.81 0.89
361 374 12.3 1.47 0.54
LC2020AM-LVI 379 248 254 5.9 3.65 1.26
311 318 6.6 5.92 0.97
LC2020AM-LVII 421 276 282 5.7 8.01 1,13
325 333 7.2 4.24 1.22
381 393 11.6 1.93 0.68
LC2020AM-IVIII 383 - - - IR* IR*
LC2020AM-LIX 412 262 276 13.1 2.25 1.89
309 314 4.4 12.31 1.01
378 384 5.8 2.06 0.95
LC2020AM-LX 388 299 306 6.9 5.12 1.23
347 358 10.5 2.86 1.72
* Please note that the IR in data table above represents an
Insignificant Result
https://www.bloomberg.com/press-releases/2020-09-01/aabb-asia-metals-inc-assay-results-from-4-million-drilling-program-establish-high-grade-gold-mineralization-as-gold-outlook
Try opening the links...
4.9 meters (m) graded at 12.6 grams per ton (g/t) https://m.insidertracking.com/aabb---asia-metals-inc-assay-results-from-4-million-drilling-program-establish-high-grade-gold-mineralization-as-gold-outlook-remains-strong
3.1 meters (m) graded at 10.9 grams per ton...Company's management and technical team reported the successful drill results from the Phase I Program. The highlights of the drill results revealed high grade gold mineralization that attested the mine's historical production to date. The most significant gold value intersections were 3.1 meters (m) graded at 10.9 grams per ton (g/t), 4.8 meters (m) graded at 8.7 grams per ton (g/t) and 14.2 meters (m) graded at 5.7 grams per ton (g/t). https://www.wicz.com/story/43123578/aabb-asia-metals-inc-accelerates-colima-gold-property-development-program-in-prolific-mining-region-of-mexico
AABB "has completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt (GGB), Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. (QIEC). The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company."
Kay informed me directly neither him nor his staff have sold ANY f their shares on the market...NONE...after I challenged him on dumping shares...
Yes, unless they are using Oil Based Mud to drill with....this only possible with Water Based Muds...
Thanks, because your guessed fictional take hasn't really convinced me of anything...I will gladly eat crow if they are a scam...when you get something solid as proof they are a scam, would appreciate if you would share...
And your proof of this?
How much is AABB stock today?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157625721
Misleading folks intentionally is a double edged sword, it actually makes you no better than AABB if they are "in fact" only a scam, but there are no facts behind your claims...I may not be an expert on mining, but I have mined millions of barrels of oil all over the world for over 40 yrs...I'm a heck of a lot closer to facts and truth about mining gold in the mountains of Mexico in a remote region than you are....in discussion with AABB management as we speak...at least 5-6 emails so far...lets hope for the best instead of screaming scam irresponsibly like a squeaking wheel, that is a crime by the way as well...it's called defamation...their financials was completed last year and verified by this Lawyer: https://www.pooleshaffery.com/attorneys/claudia-j-mcdowell/
You think she is fake?
https://backend.otcmarkets.com/otcapi/company/financial-report/263765/content
You failed to map their potential mines...they are located a considerable distance from a main highway and even further from Puerto Vallarta...if you read all their comments closely the challenge is getting the ore out...so from what I gather, they will require a huge investment in equipment and restructuring the mine layout...a remodel to make the mine profitable as 50 tons of ore
At 2 grams per ton = 3.2 troy oz per day = $5564 - $3200 to mine it = $2364 net profit for one day...they'll have reconfigure to handle at minimum 500 tons per day...
At 3 grams per ton 50 tons would yield 4.8 ounces per day = $8347 - $3200 to mine it = $5147 net profit...so there is a HUGE difference between 2 and 3 grams per ton of ore...
Add to it availability of electrical power and water required...there is a river nearby Navidad...they also have to get HUGE quantities of fuel and oil to the sight on dirt roads...
Have you ever even seen a mine operation? I have...I have worked in remote locations all over the world...infrastructure is directly related to profit and the ability to operate successfully...