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WBE - Whitebark Energy

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2mmscf isnt bad though considering its still cleaning up. I think by weeks end we'll have a clearer picture. I hope that fluid rate drops off significantly though.

More valuable information will be when a shut in is done and buildup data gathered - That will tell everyone alot about the reserve.
 
Its a good ann, with a terrific initial flow IMO and hope of increase.
I love it when things go "in line with expectations".:D
 
Still early days but agree with Daz (and the market today) - it does look positive. As you say RP, if we get a good result after clean-up, TSV will move northward again!

Still holding a free-carried parcel.
 
prawn_86 said:
Not bad flow rates there actually. I guess the question now is, what will the rates level off at, and how long will the feild last for? And how will they tie it in to the grid?
Click to expand...

what will the rates level off at,

one gets the feeling >2MMCFGPD, they've had a great team working on the well and it's been basically flawless.

and how long will the feild last for?

though question, in general though they are hoping for 2 ~ 3 TCF, operating at approx >2MMCFGPD per well X by over 100 wells being drilled and completed which would take many years. guesstimate 10 years plus.

And how will they tie it in to the grid?

Pipeline licence is granted to facilitate the transportation of gas from the Warro Project to the Parmelia and Dampier to Bunbury gas pipelines.
 
worth considering this buyout Latent Petroleum..??

on the basis that Warro Gas Project is successful, thus far things are looking fairly good.

perhaps TSV could consider buying out Latents 25% interest..

this would then give TSV 35% interest in Warro Gas Project, rather than it's current 10%.

also, they could consider a name change "Latent Petroleum"..????

so what could Latent be offered..????

cash & shares.

then the cherry on top of the cake would be a consolidation perhaps 1:100, depends upon how many shares are on issue after buyout.

what do you reckon..????
 
Re: worth considering this buyout Latent Petroleum..??

sandybeachs said:
on the basis that Warro Gas Project is successful, thus far things are looking fairly good.

perhaps TSV could consider buying out Latents 25% interest..

this would then give TSV 35% interest in Warro Gas Project, rather than it's current 10%.

also, they could consider a name change "Latent Petroleum"..????

so what could Latent be offered..????

cash & shares.

then the cherry on top of the cake would be a consolidation perhaps 1:100, depends upon how many shares are on issue after buyout.

what do you reckon..????
Click to expand...

it may be one of the things on the wish list.:)

depends on what happens in the coming month or so.

IMO Latent will have to do one thing or the other:

1) try listing on the ASX by it's own.

2) consider a buyout from someone like Transerv Energy.

if the terms were good a buyout would be good for TSV shareholders.
 
slowly but surely...

Today's Announcement

> Comparing results from May 12th to today's results, a 50% increase in gas flow rate on the 40/64ths choke, and fluid rate halved. Upon the operator setting 58/64ths choke I'm expecting then at least ~3-4mmcf

> steady increase in well head pressure

> shut in period the well head pressure went over 2500 psi within 48hrs

> increasing gas to fluid ratio

> noted very encouraging the lab analysis - shows recovery fluid is combo of water and frac fluids - the persistent decline in fluid suggests recovery of formation water is likely limited.
 
I believe that TSV should be starting to test each individual level next week so we might start to get more specific flow rates coming through soon.

In my case, I have sold half of my free-carried stock last week (ironically for the same price as I sold original holding in early April) but will leave the remaining shares to ride for a while.

As I said on April 15, "In this market, 3c could be as good as it gets until we have definitive news..." So far this seems to be true. Once results are finalised, assuming good news, then we should see some action...
 
Although not definitive as yet, all the news out of Warro tends to be pointing in a positive direction. TSV is now pushing the 3c barrier. As I have said before, we need definite news to move beyond this.
I suspect that we might not have long to wait :)


Still holding a free-carried parcel of TSV
 
We must be getting close now to some flow test results from Warro.
This could be an interesting week for TSV...


Holding 50% of a free-carried parcel.
 
Have decided to sell out of TSV. While much potential remains, I think my funds are better used now to get set elsewhere at the moment. All the best to holders.

Ave. 55% profit so happy with the deal :)

BESBS PLayer
 
BESBS,
I think you may have been a bit premature, but you can jump back on quick enough if good news comes thru re the water.
 
fluid flow rate:

12 May - 1565 bopd
18 May - 750 bopd
21 May - 550 bopd
29 May - 400 bopd
8 June - 405 bopd
22 June - same as over past 2 weeks. ~400?

Three isolation plugs should be removed now.

Next week - start flow test from all 6 frac zones again (purpose of this?? because Alcoa want to)

Then decision to remediate water intrusion (cement squeeze, why haven't they gone with this option already? too risky with formation damage?) and/or frac stim the untested zones 7 and 8.

still holding, go TSV ;) :banghead:

with about 50% located under freehold land
and 50% under the Watheroo National Park.

Applications of the squeeze cement
job
One of the major reasons for a failed primary
cementing job is poor mud displacement, which
causes the cement slurry to channel through the
drilling mud. Consequently, voids and pockets or
channels are left behind the casing, resulting in
insufficient hydraulic isolation between the
various permeable zones. If this condition is left
uncorrected more problems are likely to arise:
• cross-flow between formations which are at
different pressures; and
• potential contamination of freshwater
aquifers.
These problems can impact on the environment.
Other impacts such as those affecting the
production potential of the well are outside the
scope of this report.
 
There hasn't been one post on the TSV thread for nearly 1 month, so I thought it might be time to bump the thread after recent activity. Warro 3 Well has had an update of gas flows with water issues. Share price dumped on this news from 2.7 cents to as low as 1.5 cents.

Current share price is 1.6 cents with an update soon in regards to this well, and future drilling of Warro 4 and 5.

Hope to see a rebound in share price very soon.

Disclamer: I own TSV shares at a current average price of 1.7 cents

Check out the 3 month chart below. The gap down from 2.7 cents to 1.8 cents must be closed at sometime in the future as trading laws suggest
 

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Volume is the key with TSV, there is no volume at the moment which is now a great sign that all the sellers have dried up. Might be worth entering a trade while the volume is low, and exit TSV when the volume builds:2twocents
 
:)

Hi folks,

TSV ... expecting positive price moves, as 3 positive time cycles
come into play, over the next couple of weeks:

27-28102009 ..... positive spotlight on TSV

3010-02112009 ..... positive news expected here ... :)

11-12112009 ..... positive cycle ... finance-related ... ???

..... and expect TSV to be booming, around 05-08022010, as well.

happy trading

paul

:)

=====
 
trader paul,
I dont recognise the system you are using.
What is that?
IMO TSV will stay where it is until they spud the next well, and that seems to be early 2010.
 
Could well be a few announcements before early next year, so I would suspect the share price to move around quite a bit before then:2twocents
 
Have they given up on the first well altogether?
I cant recall any ann re the concrete squeeze job, did they do that?
 

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