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Interra- cheapest oil stock
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superstartup
Supreme |
16-Dec-2019 09:49
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KP-1 well found oil. Now confirmed independently by SKK Migas (Indonesia government agency in charge of Oil & Gas) So they are now calculating the oil reserves in the Oil & Gas Block Very nice. Oil reserves coming.  SKK Migas Reveals Oil Findings in the Kuala Pambuang Block SKK Migas and Mentari Kuala Pambuang contractor test production to calculate oil reserves in the oil and gas block. Deputy for Operations of the Special Task Force for Upstream Oil and Gas Business Activities ( SKK Migas ) Julius Wiratno said the Mentari Kuala Pambuang contractor succeeded in finding oil in the Kuala Pambuang Block. The company is also in the midst of production trials using the Drill Stem Test (DST) technique to calculate oil reserves in the oil and gas block . Meanwhile, the discovery of oil obtained from the exploration well drilling with a depth of 3900 feet. " It looks like the results of the test were positive for oil, but it is not conclusive yet, we will deliver it soon," Julius told Katadata.co.id , Friday ( 12/13 ). https://translate.googleusercontent.com/translate_c?depth=1& hl=en& prev=search& rurl=translate.google.com& sl=id& sp=nmt4& u=https://katadata.co.id/berita/2019/12/14/skk-migas-ungkap-temuan-minyak-di-blok-kuala-pambuang& xid=17259,15700022,15700186,15700190,15700256,15700259,15700262,15700265,15700271,15700283& usg=ALkJrhj8OUdPm1GfOFfyXUYR7YbmNcteKg |
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383838
Senior |
16-Dec-2019 09:46
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Yes. 63 resistance taken down. | ||||
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superstartup
Supreme |
16-Dec-2019 09:38
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When the price move up, road blocks immediately set up. I  think this is to collect more shares. Else, just sell down leh. C who win |
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superstartup
Supreme |
16-Dec-2019 09:00
Yells: "Enjoy doing Fundamental Research" |
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看 你 何 时 成 为 石 油 和 天 然 气 龙 头 .
Lai lai, central kalimantan block. |
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superstartup
Supreme |
16-Dec-2019 08:57
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Thanks.
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Myabaang
Member |
15-Dec-2019 16:11
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As mentioned in the previous announcement, it is stated in 2018 annual report. I make this chance to clarity- 207 mmsbt should be under 2c scenario, with effective 67 % holding interest. 3c should be something around 900 mmsbt. I can&rsquo t remember. Tks | ||||
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superstartup
Supreme |
15-Dec-2019 15:33
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Hi Myabaang, where / how you get the 3C scenario of 207 mmstb? Can share? Is the further technical analysis of the KP-1 well entire block is out somewhere? Many thanks. As thus far, I only have these figures:" " The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of      67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves." If your input is correct, this 3C reserve of 207 mmstb is more than double of Rex International PL338C Licence, Rolvsnes Discovery of 90 mmboe (3C) announced by Rex International on 27 Aug 18 which is the turning point for Rex International. (Well, I do hope KP-1 well entire block has a much higher 3C than 207 mmstb)  
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superstartup
Supreme |
15-Dec-2019 14:47
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Getting excited about the KP-1 well and the entire block. I like the fact that the company decided to proceed with the completion of the well by INSTALLING CASING and performing further testing by casing perforation over the potantial reservoirs. This is a stark contrast to the drilling of Anggun-1X well (in Indonesia as well) by Pan Orient Energy Corp with Anggun-1X well plugged and abandoned. KP-1 well had moved BEYOND the drilling stages accomplished by Annggun-1X well. So it is very positive for the KP-1 well. Yeah! ================ Pan Orient Energy Corp. (POE:TSX.V)  provided in a  news release  the results of drilling its Anggun-1X exploration well in Indonesia, which began on Nov. 14, 2019. Anggun-1X penetrated the main Gumai sandstone and the Batu Raja limestone reservoir targets and subsequently reached a total depth of 1,232.7 meters within basement. However, " despite oil shows and some oil staining within a number of Gumai formation sandstones, wireline sampling indicated minor amounts of oil and gas with predominantly water," the release explained. " The Batu Raja formation target interval proved to be a tight, low permeability limestone with no reservoir potential." As a result, Anggun-1X will be plugged and abandoned. Also, Pan Orient stated it will exit the East Jabung production sharing contract (PSC) related to the well when the contract year expires in January 2020. Pan Orient currently owns 49% of the PSC. Pan Orient stated it will concentrate on compiling the year-end 2019 Thailand reserves report, advancing the January 2020 multi-well exploration and appraisal drilling program in Thailand and figuring out how to best maximize the value of its Sawn Lake asset in Canada.
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Myabaang
Member |
15-Dec-2019 11:05
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It just needs 1 more positive announcement,all the unrisked huge resources would be upgraded to RESERVE. Judging from the previous interim announcement, there is probably a significant degree of certainty that it is the matter of time it will come true. Can you see the value attached to that upgrading? 3C scenario of 207 mmsbt. How much potential is that? Personally I think it will also possibly that the field will be able to swiftly progress throughout the 3P and moving towards commercialisation of the Oil output. Merry X&rsquo mas。 | ||||
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superstartup
Supreme |
14-Dec-2019 19:58
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KP-1 well found oil. So much unrisked prospective resources for the entire Block. The entire Block is more than 2 times the size of Singapore.  
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383838
Senior |
13-Dec-2019 19:46
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Your observation is correct. Some Big Big sell queues Bluff ones. One to Bluff people one. There are collections.
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383838
Senior |
13-Dec-2019 17:39
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Yes. In another words today's action is called Pu the Backside. | ||||
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Shareskiat89
Elite |
13-Dec-2019 16:22
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SgYuan previous EW chart indicate may retrace to 58, maybe is retracing to 60 instead and holding
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383838
Senior |
13-Dec-2019 16:12
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Yes. ĀLL will be EATEND UP
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superstartup
Supreme |
13-Dec-2019 16:08
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Observed collection of shares once again. Getting interesting. | ||||
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superstartup
Supreme |
13-Dec-2019 16:05
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Unrisked prospective resources of low case 67m stock tanks barrels. With oil found for the KP-1 well the unrisked prospective resources now high chance for it to be upgraded and reclassified as OIL reserves. . . V nice.
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superstartup
Supreme |
13-Dec-2019 13:29
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Not true leh. . . Now posting profit. . . Ya. Trade w caution
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Jesmar
Master |
13-Dec-2019 13:24
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Have been trial hole for many years say found oil....but every year losses leh how share price can be Wonder Horse!!!!Shares already gone through dunno how many consolidation leow.......will there be another....hope not!!! Trade with caution. | ||||
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superstartup
Supreme |
13-Dec-2019 12:36
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Hope the next update is a couple thousand of BOPD.
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superstartup
Supreme |
13-Dec-2019 12:34
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Am very positive about the KP-1 well now. I like the fact they provide interim update that they find oil. And moving to cast the borehole. . . The interim update to me means the company is quite confident on the oil show. If not, they will not bother to give out interm update. . . Nice.
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