U.S.A.

1st Jul '09 by DearLeader

173 comments 54846 reads

Shoats Creek drilling progress/historical information for Olympia Minerals-1 well (“OM-1”);

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=240630

Shoats Creek drilling progress/historical information for Olympia Minerals-10-1 well (“OM-10-1”);

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=241566

Shoats Creek drilling progress/historical information for Robert E Cain;

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=174416

Shoats Creek drilling progress/historical information for Olympia Minerals-10-2 well (“OM-10-2”);

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=243065

		Working Interest
Shoats Creek	Louisiana	100%
Shoats Creek (AMI)	Louisiana	50%
Somerset	Texas	100%
South Weslaco	Texas	25%
Alta Loma	Texas	37.5%

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blackgold00

28th Jan '11

but is Oct figure for a compleat months production ?

oilretire

No one can tell from the sonlite report.......

Not knocking the figures, just pulled them out of the link as I find it can be quite a confusing document to work your way around on your first read.

29th Jan '11

yes thats right , but going by the RNS on the 4th Oct (Shoats Creek drilling update) and 19th Oct (OM-10 well results) would suggest that production from the three zones did'nt start until well into Oct. and that the Sept figures was the oil produced when the zones were being frac-treated and tested in Sept. if right then Nov we should get figures for a full months production.

http://www.advfn.com/p.php?pid=nmona&article=44633167&symbol=AEX
http://www.advfn.com/p.php?pid=nmona&article=44835701&symbol=AEX

djpreston

28th Apr '11

Just to keep things orderly, here is today's RNS on the US reserves.

This is a contrast to the "old" report from February.

Nigel has pointed out on the more general "Where to now" thread that there is a material increase in the 2P figures and a "material decrease in 1P.

The first report was effective from 1 April. This newer report is as of 1 April so we have to remember that there has been three months of production in there so its more depletion than downgrade.

What is pleasing is to see that the independent assessors have come up with a better overall understanding of the fields, especially SC and that has allowed them to upgrade reserves and NPVs accordingly.

REO100

This should help cashflow based on Activa's earlier comments - page 10 of AR.

Aminex participated in a successful oil and gas well in 2008, Sunny Ernst-2 (‘SE-2’). SE-2 has been producing from Upper Andrau sands since inception, but this has now materially declined, adversely affecting Aminex’s
group revenues. A project to plug off the Upper Andrau formation and recomplete the well in the shallower ‘S’ sands is in progress at the time of writing. (my bold)

Reo

sirlurkalot

It would have been clearer if the El Paso JV share of reserves had been split out and 50% of it shown, rather than us having to guess at that split.

DearLeader

5th May '11

Good news with the successful recompletion of the 'S' sand:

http://www.investegate.co.uk/Article.aspx?id=201105050700109743F

This interval has now been successfully tested and is on limited production of 3.5 million cubic feet gas and 260 barrels condensate per day, pending the installation of upgraded production equipment which is due to be operational this month.

DL

Whilst some may focus on the initial flow rate (which aint bad), it would be a mistake to ignore the comment about the "material" increase.

Note the very small choke used and the pressure.

Yet more good news ahead of Nyuni 2 spud and will the market pay any attention whatsoever?

dbfromgb

30th May '11

Activa news release out today - SE2 producing at approx 1,100 BOED after recompletion.

At current production (5.1mmcfgd plus 258BO - approx 1,100BOED) and prices this gives USD2m in production revenues net to Activa during FY 2011 (to end Dec). After enhancement of the dehydration facilities production will increase by circa average 30% (6-7mmcfgd plus 400BO), and of course full year production, should result in an ongoing increase in net revenue of say close to 50% or USD3m revenues looking ahead.

Activa have 20%, Aminex 37.5%, so just over USD5m net to AEX looking ahead. But back of an envelope so DYOR.

I was sent an email, and their website does not yet appear to have been updated - pdf so can't copy and paste. But a good uplift on that reported on 5th May, and the further uplift to come has now been quantified. Every bit helps in underpinning the sp at current levels.

Still can't get out in the garden - steady rain, but at least no watering required tonight!

Enjoy the rest of the BH.

dbfromgb

flyingswan

We may see notice of the Spud of Olympia Minerals 10-2 tomorrow on Sonlite:

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=243065

This may be a step-out well from Olympia Minerals 10-1.

As the R/R - Rig Released from this well on the 23rd May went somewhere, which was in the 06 Parish if not the same field as Shoats Creak:

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=242928

Aminex (LON:AEX)

3rd Jun '11

TEXAS WELL UPDATE
Aminex PLC (‘Aminex’ or the ‘Company’) provides a further update on progress at the Sunny Ernst-2
well (‘SE-2’) on its Alta Loma property, Galveston County, Texas...

http://www.aminex-plc.com/files/110603_Texas_Well_Update.pdf

Aminex (LON:AEX)

HorneBlower has done Aminex (LON:AEX) Chart - Post 5425 on the HB BB Posted 2nd June 2011:
p.php?pid=chartscreenshot&u=8kxbrwzjHYXdd6t%2FGd15BTZ4Q0TvKpO74qVkDworTXE%3D

Yep, lots of squiggly lines my 4 year old could have drawn.

On a more sensible basis, very good announcement and not the progress in production from the 3.5mcf and 260 bcpd through to Activa's 1100boepd a couple of weeks ago to almost 1700 boepd today.

That's nearly 650 boepd net to us. A massive increase on last year and that's before SC and KN1.

8th Jun '11

Interesting comment from the AGM that came as a very pleasant surprise.

SE gas sells at a premium - $6.25-$6.50/mcf

Shoats gas sells at a $5/mcf premium!! Yes, that's right, $5 premium not $5/mcf price.

Wow! That's some premium. No wonder El Paso are turning Beauregard into a swiss cheese. Anything on the oil premium?

cheers
DL

badday

Why is this? Can one gas be better than another, or simply down to locality?

25th Jul '11

Good to see that they are getting it together on OM-1:

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=240630

A nice increase after their management of the well. It seems to be coming good there.

marben100

I note that between January and April the well count was 1 but has risen to 2 in May, accompanied by a jump in production. I wonder whether OM-1 was shut-in during the first part of the year, with production from the old Robert Cain well only (which is under the same LUW, well #174416)? Guess we'll have to wait to find out exactly what Aminex has been doing but nice to see the increase.

15th Sep '11

The Activa newsletter has just come out. It's not on their site yet so here's the relevant paragraph:

The Sunny Ernst No. 2, in the Loma Field in southern Texas – on which we reported last time – continues to perform strongly. Since the recompletion in the main pay zone in May the well has been producing at daily rates between 5 and 8 MMCF plus between 250 and 360 BOPD. Current daily production is at 6.7 MCFD and 260 BOPD. This represents an 8-fold increase vs. prior production levels from the lower pay zone which already returned 3 to 1 over the original investment.

cheers
DL

17th Oct '11

Looks like El Paso is being bought by Kinder Morgan:

HOUSTON—One of the nation's largest operators of natural-gas pipelines is buying a rival for $21.1 billion in cash and stock, making a big bet that natural gas blasted from shale rocks around the country will become a huge force in America's energy future.

Pipeline giant Kinder Morgan Inc. says that by buying rival El Paso Corp. it will become the largest operator of natural-gas pipelines in the country, and the fourth-largest energy company in the U.S...

Cheers,

Mark

U.S.A.

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DearLeader

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