CE1

0.00%

0.9¢ calima energy limited

Depth is looking good. Only 100k on offer at 8.7c, and then up...

First 42 Last

Share
Profile

Follow
Quest09

975 Posts.

137

19/10/23

10:56

Post #: 70423325
Share

Originally posted by Quest09: ↑

IMO newly drilled well, Pisces10, is potentially producing ~430 to 500 barrels per day.
So aiming to estimate the production rate of the recently drilled Pisces10 well.

According to recent announcement Pisces10 is producing "in-line with Pisces #6 and #7", which is considered "significantly above the typical production curve".

Another previous announcement describes the production rates of Pisces #6 and #7. P6 & 7 achieved an average of 505 barrels per day over the first 30 days production and an average of 432 barrels a day over the first 90 days of production.

Hence we can estimate that Pisces10 is currently producing around 500 barrels per day.

If correct, that would be a great result which is significantly above typical glauconitic production curves.

Expand

Originally posted by Quest09: ↑

If my estimate is correct, and Pisces10 is producing ~500 barrels per day, then that could be an overall oil production capacity increase of ~10% to ~15% (current production is about 3600 to 4000 barrels per day). That's a significant increase in production capacity.!

The interesting thing is that CE1 have just finished drilling another two wells (Pisces11 & Pisces12).!

If those two wells have similar production rates as Pisces10, then CE1 oil production capacity could have an increase of production capacity in the range of 30% to 45% by December.

Now that really is a significant increase in production capacity.!

PS. thanks for the compliment GARP, i'll take it . Oh, and feel free to jump onboard the positive outlook train. IMO, it's going to be a fun ride .

Expand

Originally posted by Quest09: ↑

Looking forward to production results from the newly completed drilling campaign.

They are about due and could hit the market at any moment now.

Quarterly results are also imminent.

Expand

Originally posted by Quest09: ↑

Great info Monark.

Playing out in real time also.

WTI up 6.1% over the past 5 days, and IMO looking like its only heading higher.

Expand

Depth is looking good.

Only 100k on offer at 8.7c, and then up to 9.1c.

Drill campaign results and quarterly announcements are imminent (as per above attachments).

Would be impressive if we end the day in the green..

CE1 Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

There are more pages in this discussion • 223 more messages in this thread...

First 42 Last

Add CE1 (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $5.122M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Depth is looking good. Only 100k on offer at 8.7c, and then up...

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Featured News

Depth is looking good. Only 100k on offer at 8.7c, and then up...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Featured News