Significant Contingent Resource Booking

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    trades below cash needs a new board imo

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    total dud needs new board imo

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    one big dud

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    dud ..but up today

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    been a dud but every dog has its day back in for halifax test well dyor

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    1st Group, ticker code 1st is PUMPING HARD TODAY
    https://www2.asx.com.au/markets/company/1st

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    bit of action coming go icn $$

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    Icon is now focused on operations in ATP 855, which are in final preparation for mobilisation to
    the tenement in southwest Queensland. COVID-19 has been a major disrupter since March
    2020. It seriously affected the manufacture of the coil tubing in the USA. Our professionals who
    have been contracted for specialist operations have been waiting for months to receive
    confirmation of the work timetable. Some overseas personnel had to be replaced because they
    could not travel to Australia at this time. As frustrating as this has been, the field equipment
    and supplies are now being assembled in Roma prior mobilising to the well sites during the
    first week in November 2020.
    Icon announced earlier in the year, that an exciting gas prospect has been identified in Halifax
    No.1 which was the first well drilled in the whole of the ATP 855 tenement. This followed Icon’s
    decision to rehabilitate the existing wells in ATP 855.
    Prior to the commencement of the rehabilitation program, an extensive review of the six wells
    drilled was undertaken in house, with the advice of Consulting Engineers, to be sure that
    no other hydrocarbon opportunity had been overlooked. Following this review, it became evident
    that there was a real possibility of producing commercial hydrocarbons from the Callamurra
    sandstone which is above the unconventional gas play in the Halifax No.1 well. As a result the
    ATP 855 review, the program has now been modified to test Halifax No. 1 over the Callamurra
    sandstone.
    If the test is successful then the well can be suspended as a producing gas well. A full investigation
    of the results of the well would then be undertaken to determine the commerciality of the well.
    Icon Energy planned to commence a rehabilitation program in ATP 855 in the second quarter
    of this calendar year but that has been affected by COVID-19 delays. The commencement
    of the rehabilitation and test program is expected to commence on or about the second week in
    November 2020 subject to no further COVID-19 or weather delays. Equipment and drilling
    supplies are now being mobilised to the field for the operations.
    Icon Energy determined that completion of the rehabilitation of the six wells in ATP 855
    would provide a “clean slate” which would represent a more attractive opportunity for farmout
    success. The delays in commencement of the rehabilitation program have impeded our ability to
    introduce a new joint venturer in the gas project. These delays were primarily because of
    COVID-19 which delayed manufacturing of specialised equipment in the USA. Weather might
    cause some further delays as this year’s Monsoon season is affected by a strong La Nina event. The
    operations are mostly in high country, closer to the South Australian border.
    The results of Halifax testing will be released as soon as results are available. The
    rehabilitation program will require about one month for completion with surface work following
    later.

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    go icn 4 ish target..

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    Beach eyes $5m cost savings from Cooper Basin buy
    Robert Guy

    Beach Energy says its $87.5 million acquisition of Senex Energy's Cooper Basin assets will deliver around $5 million a year in cost savings.

    Beach Energy chief executive Matt Kay supplied

    The deal will see Beach become the sole Western Flank operator, delivering "material synergies" through the simplification of Western Flank field operations.

    Beach will look to consolidate and simplify field operations across all operated assets within the Cooper Basin.

    Beach says it will apply the same techniques to the acquired assets that have allowed its Western Flank operations to double 2P estimated ultimate recovery over the past four years and a double operated oil production over the past two years.

    The company says focus areas for exploration will include the prospective Birkhead oil play, the southern portion of the Western Flank and multiple Patchawarra gas prospects adjacent to the Gemba gas discovery.

    “From a Beach perspective this was a logical acquisition given our proven track record of extracting value from permits we operate, combined with the fact we are building on our extensive position in the Western Flank
    across the South Australian Cooper Basin,” says chief executive Matt Kay.

    46 mins ago – 8.52am

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    go icn 4 ish target dyor

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    As frustrating as this has been, the field equipment and supplies are now being assembled in Roma prior to mobilising to the well sites during the
    first week in November 2020."
    Icon announced earlier in the year, that an exciting gas prospect has been identified in Halifax No.1 which was the first well drilled in the whole of the ATP 855 tenement. This followed Icon’s decision to rehabilitate the existing wells in ATP 855.
    Prior to the commencement of the rehabilitation program, an extensive review of the six wells drilled was undertaken in house, with the advice of Consulting Engineers, to be sure that no other hydrocarbon opportunity had been overlooked.
    Following this review, it became evident that there was a real possibility of producing commercial hydrocarbons from the Callamurra sandstone which is above the unconventional gas play in the Halifax No.1.
    As a result of the ATP 855 review, the program has now been modified to test Halifax No.1 over the Callamurra sandstone.
    If the test is successful then the well can be suspended as a producing gas well. A full investigation of the results of the well would then be undertaken to determine the commerciality of the well."

    From the June QR.
    "If the test yields flow rates above 1 million cubic feet of gas per day and the chemical composition remains as per the original Drill Stem Test result, then the well can be suspended as a producing gas well. Following a full investigation of the results the well could be placed on commercial production.
    The APA sales gas pipelines are within 2 kms of the well, so it would not be difficult to place Halifax No.1 on production.

    It's on the record (2014 AR) that Halifax-1 was tested for the 6 months period from February 2013 to August 2013, around 200 days, produced over 243 Million Standard Cubic Feet of gas. The zone from which this gas was generated was not specified, but, certainly without any guarantees, gives a fair indication that this next test is reasonably in with a chance of being successful.

    Nature permitting, this is the first chance that shareholders have had to at least get a run for their money in over SEVEN long years.

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    cheap imo dyor

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    every dog has the woof woof day i smell a woof in icn coming dyor

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    Started in December 2019 with order to the US for all the equipment needed for the restoration and paid for them.
    Covid.19 comes. No shipping. They turned up in September. New team had to be signed up. Ready to start. New team from Adelaide locked up.
    Soon free and back to ATP855. Won't jinx himself by giving a date, will tell us WHEN work STARTS!!! Watch this space

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    testing must be soon imo

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    Testing 1,2,3,4 ....NSM to pump!

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    4ish my call dyor

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