AUT - Aurora Oil and Gas

rockhound308 · 19 February 2011

condog said:
I dont think theres any doubt they can get two off the one pad, but i wouldnt at all be surprised to see 3 or 4 attempted. Makes for easy and cheaper scaling if they can.

In an ideal world six wells from one pad would probably be the most efficient, something like this.

Drilling shouldn't be an issue with the steerable gear and they are already cutting the curve at the start of the lateral anyway. I wouldn't be surprised to see savings if 15% or so off the well costs if it can be made to work, but as you say securing acreage is the priority at the moment. At least Turnbull 5 and 6 will give the reservoir engineers something to run the numbers on.

condog · 20 February 2011

Chesapeak are apparently planning 4-8 per pad with Stratoil in the Marcellus.
http://www.statoil.com/en/NewsAndMedia/News/2008/Downloads/Presentation 111108.pdf
And from another forum, not HC,

Touching on wells per pad, Chesapeake is setting up their locations extra large to allow for 8 locations per pad in Eagle Ford - four toe up, four toe down.

From Williams Energy

2-6 wells per pad on conventional rigs and up to 10 to 22 wells/pad on new HP/SSD rigs, all are directional.

Not sure on thier geology, but all are directional wells. Sounds pie in the sky, but they do have it in all thier presentations.
http://cogcc.state.co.us/Library/Presentations/NWForum20080904/WilNWForum608.ppt

Consol Energy in the Marcellus plans to have 6 per pad, as does Cabot also in the Marcellus.

Shell are in fact making a huge deal about multi well pads, for environmental reasons, by having a significantly smaller "footprint". In some locations they have 32 wells per pad planned on thier Pindale site. How on earth they manage that is anyones guess. But it goes to show whats possible.

Maximum of 4 pads every square mile with ability
to 16–32 wells per pad

I honestly think the most we will see during this phase where we need to secure acerage is two per pad. Unless later in the year they do 3 or four from one pad just prior to the reserves report.

Agentm · 20 February 2011

condog said:
They will let us know, if thier is communication as that would be significant news. And your right it will be very interesting. Possibly to late to take into account for this reserves statement, but if they pull it off it may begin to sure up an increased EUR and tighter spacing for the reserves statement in late 2011.

Obviously we dont want them doing too many too close right, now, as the key aim right now is to drill and meet leasing obligations. But eventually when they have both enough time and capital, it will be very important to begin to experiment with closer well spacing, multiple wells on single pads etc. Can they get2, 3, 4 off the one pad, possibly 5??

View attachment 41492

Answer: who knows thats what has to be tried. But im sure we have som drilling to secure acerages first.
If they can get multiple wells off the one pad that will help with drill times and NPV of wells, immensley

I dont think theres any doubt they can get two off the one pad, but i wouldnt at all be surprised to see 3 or 4 attempted. Makes for easy and cheaper scaling if they can.

chesapeake have a few permits near by to texons acreages in mcmullen with some multiple wells off one pad.. up to six of each side by side.. starting to look like barnett shale in fort worth imho..

there are dual laterals being done in all counties and often triple laterals

a little to the north of the turnbulls and hilcorp cluster the use of dual laterals in the same direction are common now with plains and dan hughes

conoco have been discussing new well designs in karnes county close to the turnbulls, multiple laterals from what i am told. look forward to the permits in a few months

condog · 20 February 2011

Agentm said:
chesapeake have a few permits near by to texons acreages in mcmullen with some multiple wells off one pad.. up to six of each side by side.. starting to look like barnett shale in fort worth imho..

there are dual laterals being done in all counties and often triple laterals

a little to the north of the turnbulls and hilcorp cluster the use of dual laterals in the same direction are common now with plains and dan hughes

conoco have been discussing new well designs in karnes county close to the turnbulls, multiple laterals from what i am told. look forward to the permits in a few months

Cheers for that, looks awfully crowded.

condog · 21 February 2011

3 weeks since the quarterly and last update. Id almost bet we will get an update early this week. With 4 rigs on site theres too much happening to only get an update once a month.

Awaiting
Direct Access flow to sales news
Giley unit remedial work completion and flow to sales
Updated flow data on Turnbull #4H well and the Sienkiewicz #1H and Yosko

From Ipanema
Awaiting flow data on Patino #1H well,Franke #1H , Foster #1H .

Awaiting
Netherland, Sewell & Associates Inc (“NSAI”) reserves upgrade end of feb

Awaiting TSX listing late FEb

Plus other wells that have spudded in the last 3 weeks.

condog · 21 February 2011

Magic Man said:
Hey condog very good information there. Was just reading a post on the hawkleys forum. Check it out and give us your thoughts on wronguns post.. Is hawkleys similiar to aut and could it be a 10 baggggger??

I will reply in the HOG thread.

Magic Man · 21 February 2011

Thanks Cpondog. I see the Canadian prospectus announcement has just been released, hopefully it props up the share price a little.

donteatme · 21 February 2011

In fact, it looks like it's doing quite the opposite

estseon · 21 February 2011

Warrants convert on Thursday. Outstanding docs to be sent to TSX over next few days. They might be lining up the ducks for a broadside on Friday (including the reserves valuation). They're certainly streaming compliance with procedures to meet the Monday deadline. Bet they're pleased to see the back of that prospectus.

estseon · 21 February 2011

donteatme said:
In fact, it looks like it's doing quite the opposite

I only have ASX information but I don't think that I'll lose any sleep over volume of 200k out of a float of over 400 million.

kyrondgm · 21 February 2011

donteatme said:
In fact, it looks like it's doing quite the opposite

Would any of this be a reaction to the relatively cheap price that AUT is floating for over in Canadia? I have no idea when it comes to pricing for overseas floats but its almost half what AUT is listed for over here and the AUD is basically at parity with the CAD.

I am guessing there are a lot of factors involved and perhaps AUT are trying to say to the potential investors on the TSX that they are getting a bargain so get in quick???

geelongfan · 21 February 2011

Also think its quite strange. Also, how does the tsx get a certain number of shares to play with (looks like only 6 mill or so), is it some investor just dumping his shares from the asx to the tsx (prob people from the board of the company)? I'm not so sure listing on the tsx is a good idea for the company right now. May be biting off more than they can chew as its now playin in the big leagues. That being said, they may kno a bunch of canadians that want in and by giving them a bargain may be the perfect way to get them in the game. I trust aut has a plan. With the entire thing hinging off the reserves report it would be a bad move to enter the tsx on the back of bad news. Maybe that's why they made the price low?

trader8888 · 21 February 2011

geelongfan said:
Also think its quite strange. Also, how does the tsx get a certain number of shares to play with (looks like only 6 mill or so), is it some investor just dumping his shares from the asx to the tsx (prob people from the board of the company)? I'm not so sure listing on the tsx is a good idea for the company right now. May be biting off more than they can chew as its now playin in the big leagues. That being said, they may kno a bunch of canadians that want in and by giving them a bargain may be the perfect way to get them in the game. I trust aut has a plan. With the entire thing hinging off the reserves report it would be a bad move to enter the tsx on the back of bad news. Maybe that's why they made the price low?

AUT is in the big leagues now with a MC over $1billion. AUT is doing a lot of promoting in Canada and their is a lot of interest from Canadian investment firms ie harbour advisors and GMP Securities. The entire thing is'nt hanging of the reserves report, this report will just catapault AUT to new highs.

(Holding - AUT, AVI, CVE)

katygal · 22 February 2011

I have a few pictures from Karnes County, Texas that I think you all would love to see. I assume I have to load the pics to a public server or website?? Any help would be appreciated.

geelongfan · 22 February 2011

katygal said:
I have a few pictures from Karnes County, Texas that I think you all would love to see. I assume I have to load the pics to a public server or website?? Any help would be appreciated.

use this website and post the links for forums that they allow you to copy and paste

http://imageshack.us/

katygal · 22 February 2011

Here are a few pics of the PMT Unit as of yesterday:

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condog · 22 February 2011

Thanks katygal, do you live in the area, or have contacts??

You can directly upload them to ASF, but you would need to reduce the file sizes, which can be done in paint, just reduce the size of the image to about 6*4

condog · 22 February 2011

Very Strong oil price rises, due to tensions in middle east. Bodes well for AUT, TXN, SEA, HOG, EKA etc.

katygal · 22 February 2011

Please bear with me. I don't mean to get off subject but did want to test uploading a few smaller pics. Here are a few more of the PMT Unit:

I live in South Texas and I was curious as to what was happening at this well site so I took a little trip and took a few pics for you all. The activity in Karnes County is quite amazing.

Magic Man · 22 February 2011

Sorry PMT unit? Is this Aurora in action?

AUT - Aurora Oil and Gas

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