rig availability, page-37

I thank you for your support and appreciation of my research posts.

I need to correct one thing; I didn't say I was leaving and would not post here in NSE thread. I said "I am not going to post my research here on NSE thread anymore". That's all. Because I am tired,.. tired of making research, put in the form to post here, and then fight against the downrampers and manipulators all alone.

I have no intention to post any more research because I don't want to be the target of those downramper. I don’t want any more frustration.

The good guys are always being manipulated easily by the predators, because they always prefer to remain ineffective as they are less informed and less greedy. They should not want others to do everything for them. They have to be effective if they want the good things to happen to them.

I am telling again that I am 100% sure about the prospectivity of Goldwyer Project after my research IMO.

Now it's time to question everything for the good guys even though most of them sold out by their fears and stop losses.

NSE management should give more details about the project and recent events for enabling its shareholders to be informed properly.
You should call/email and ask these to management (I will do the same);

1 - NSE didn't give any seismic section of Gibb Maitland-1 well location. They should reveal it ASAP. Nearly all explorers give the seismic section of the target location and depth. (see the sample seismic sections below from other explorers; KEY's Cyrene-1 well, CTP's Surprise-1 well)

2 - NSE didn't give any depth vs time and depth vs formation information along the drilling. As you can see KEY and CTP and nearly all explorers give this information. Why NSE is not giving such details? Don't they have the possibility or capability to give it?


2 - Is there an anticline or any other type of structure which is expected to be conventional reservoir target just above the primary target Goldwyer shale formation!
As we know CTP was drilling mainly the same Ordovician shale target (Unconventional) in Surprise-1. This was the primary target. However they had a secondary target just above the primary target. That was a conventional anticline divided by a fault. (They initially saw the anticline as you can see on the seismic section of Surprise-1 below). They drilled down, started to get the background gas, then oil shows (C4 & C5) started to come out. Then Century rig had a big problem and they had to suspend the operation and Century rig flicked due to the performance issues. A core was retrieved before the incident happened that they have intersected an oil bearing zone. Re-entry was 8 months later and discovery was confirmed. (IMO it is one of the biggest discoveries in Australia but not yet understood well). They still didn't drill down to primary target which is the shale formation.

CTP gave all the necessary information to their shareholders all along the way. I was expecting NSE was going to do the same but they didn't. I don't know why!

3 - If it was not possible to see any anticline, then what was the interpretation of NSE or COP teams about the seismic section?

4 - NSE informed us that there were minor background gas readings before 2700m on their anns. on Jan. 16th. Then they drilled down to 2900m and they released two anns. (Jan.23 and Jan.29) after drill pipe incident happened, But they didn't mention about the background gas between 2700m and 2900m!
Did we have any background gas in that part (200m)? If we had, what was the amount and composition of latest gas measurements for C1 to C5!



Where are those questions coming from?

I made a few posts before. Let's have a look at them again to understand the situation. These are all hypotatical of course.

This is from the "Why is 600m early background gas increase ?" thread posted by me on Feb.4.

"As we know Gibb Maitland-1 well will be drilled down to 3900m as the Goldwyer formation is about 350m lower than Nicolay-1 well at this location.

However we have started to get the background gas increase at around 2500m-2600m in Gibb Maitland-1 well location despite we saw the same background gas increase at 2,850m in Nicolay-1 well !"

IMO NSE must have an explanation to this!

Then I posted this ”Drilling contract terminated” on Feb.8.

I said "As you know I was mentioning that there could be an anticline here according to Kingsway Oil's maps before."

And posted this graphic.

Of course, if there is an anticline there that would be a conventional reservoir for significant amount of oil and gas as any anticline in Kidson sub-basin would be very large. Because Kidson sub-basin was under compression during Silurian (right after Ordovician when the lower and upper Goldwyer shale layers were evolved) and then again in Mid-Devonian and early Carboniferous, a lot of anticlines in this basin should have been evolved. But there are very little number of minor faults on Kidson. That is a perfect environment for accumulation of world class petroleum reservoirs. Anyway, let's not get that technical again.

The point is here, if NSE gets the Ensign Rig 32 from Buru, I will be 100% sure about the conventional target above Goldwyer.

You can see below that if there is anticline, which means all of the formation layers including Goldwyer, were already lifted up to a depth which even a drill rig like Buru's Ensign Rig 32 can easily drill by its 3800m depth capacity.

That’s' all I can say.

Seismic Section by KEY for Cyrene-1 well
(I put some notes on it and posted on KEY's thread before. Unfortunately we as NSE shareholders were not be able to see anything like this from NSE so far.

This is the seismic section of CTP's Surprise-1 well.

This is Time vs Depth graph of KEY's Cyrene-1 well.

This is Time vs Depth graph of CTP's Surprise-1 well.