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Post by bahamapete on Aug 22, 2018 8:28:26 GMT -5
Only an 85' section of 3.5" well casing, What are the odds of this volume not magnifying as we test several thousand feet in other hot zones and doubling in size to 7" well casing? also eliminating the mechanical problems going forward.
It sure seams like a no brainer to me and just a matter of His timing!
Anyone in the oil industry or in the know, please elaborate,
BP
Quote from PR: As of the writing of this update, when swabbing, the data confirms the well artificially flows at a rate of approximately 90-110 barrels of fluid per day in the zone between 16,415 and 16,500 ft. We are still swabbing completion fluid as of this writing and the results of the well are inconclusive at this point as to whether the well will establish natural flow and what the volumetric contribution of oil and water will be.
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Post by shout(ON)ZION on Aug 22, 2018 9:16:55 GMT -5
this makes more sense now. I am assuming 4.5 casing do to pressure. Now makes sense . smaller pipe string smaller packers. Its like sucking a thick milkshake through a skinny straw.  I did not read test parameters but finishing this Zone is crucial for next well . which there will be one. Next zone much easier test .
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Post by bahamapete on Aug 22, 2018 16:02:41 GMT -5
shout(ON)ZION, KyOil got back to me on IHUB. I may be wrong on the lower casing size and have a call into Zion IR to get back to me on the size. Seems we still have a lot of hope going forward. Good thing is we have the Lord on our side and He decides when it will happen! See KyOils's response below...
KyOil Wednesday, 08/22/18 11:33:56 AM
Re: BahamaPete post# 27420 0
Post # of 27469
BahamaPete, don't forget that the 100 bpd is artificial flow. In other words, the swabbing action from the rig is producing that flow. They are hoping that the well will flow naturally as a result of swabbing and after swabbing has stopped. This is a common procedure, so it's not something out in left field that ZN is doing.
As testing moves up higher, the reservoir should improve since fractured carbonate was reported. Hence easier for oil to flow. Also, taller pay zone as you mentioned. However, the 4-1/2" casing begins where the most promising Jurassic zones. So, whatever limitation the smaller casing has it will most likely affect all zones of interest.
The higher Jurassic and Cretaceous zones have larger casing. But the higher Jurassic was where low formation pressure and water was encountered. The Cretaceous may or may not be of interest.
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Post by Ethan / JRyan on Aug 22, 2018 17:06:35 GMT -5
I am glad to see y'all using the board. That was the intent of making it. No Deletions. As for this question, I will be writing a list to IR, but something I ran into last night has me worried. It's that Genie thing again.. Note what this says: The Israeli public says no to frackingThis seems like this is the reason that Genie gave up at least for now. I think I have answered my own question. So what does this have to do with Zion Oil? Well this is the Triassic, the same formation that genie was drilling in. If the Israeli's will not allow fracking then this is not a commercial well and they need to tell us that and soon. If what we have is the same as Genie then there is no reason to test the Triassic anymore.  As for the Jurassic then lets go but I think the Triassic could be a no for the time being. They both report low permeability, and that is what concerns me. As a side note: I sure wish we could get KyOils take on this but I just will not post it on the Hub. I know he has invites and knows of the site, but for now iHub is still were the longs meet. |
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Post by bahamapete on Aug 23, 2018 8:12:26 GMT -5
Ethan, thanks again for being realistic!
More good knowledge from KyOil on IHUB...
KyOil Thursday, 08/23/18 07:59:37 AM
Re: Shouldbe post# 27557 0
Post #
27558
of 27560
Shouldbe, you have been coming up the learning curve and postulating good questions!
Its common for the source rock to be in an older geological age than the reservoir rock. Source rocks are frequently defined as "tight", meaning that hydrocarbons will not easily flow from them. Over time, the hydrocarbons will depart from the tight source rock and find their way up towards the surface. If a reservoir with cap rock is found on the way up, then the hydrocarbons will charge the reservoir. So, it's not a problem if the source rock is tight. Prior to fracking, source rocks were not produced directly. Flow is just too slow otherwise. But if eons are allowed, then the flow will happen.
From the PRs, we don't know if the Triassic had a cap rock at the MJ#1 location. If it did, then any hydrocarbons generated there would be trapped there. And the Jurassic would have its own source rock.
If the Triassic didn't have a cap rock, then hydrocarbons created in the Triassic could migrate upward into the Jurassic. We know from the PRs that a material shale cap rock is at about 3300 meters in the Jurassic and a fractured carbonate reservoir is just below. It could very well be that this Jurassic reservoir was charged with hydrocarbons from a source rock in the Triassic.
In any event, there is more than adequate pressure in the Jurassic just below 3300 meters so the path from the source rock was not blocked wherever the source rock was. If the path was blocked, then there would not be high pressure just below the cap rock.
So, a missing piece of info to properly answer your question is whether the Triassic had a cap rock.
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Post by Ethan / JRyan on Aug 23, 2018 18:04:46 GMT -5
I still read them and I did read that one also. I just can not post much anymore as it is almost immediately deleted. The pro Zion oil mods have been threatened to loose that position and therefore we not only loose a few Sticky's instead of some of the garbage that is posted, we loose some other abilities as well.
I agree with him. I bet he was surprised we are still testing the Triassic as well.
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Post by Nancy R on Aug 23, 2018 18:17:19 GMT -5
Since we're already producing about 100 barrels a day from zone 1/5, once we get the other zones going, we'll easily be at 500 bpd! IMO that's a conservative estimate, the average new well in the US produces 650 bpd: www.eia.gov/petroleum/drilling/ |
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Post by Ethan / JRyan on Aug 23, 2018 18:33:40 GMT -5
Nancy, not quite as of yet. They 100 barrels was part of the simulation of the well with unknown percentages of Oil/Water. DO not let that spook you as that is normal. They did not go into detail of the make up at THAT time.
From the August 16 PR
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Post by bahamapete on Aug 23, 2018 21:22:03 GMT -5
Anyone know what the minimum BPD needs to reach in order to be considered commercial?
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Post by Ethan / JRyan on Aug 23, 2018 21:35:49 GMT -5
Well it would have to me enough to cover operating costs. My guess is hundreds of barrels. Givot's Meged-5 made around 800 Bpd or thereabouts. It produced 1,000,000 barrels of light sweet crude. We will need at least that, but more would be better. We have no idea what is in MJ#1 as of yet.
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Post by bahamapete on Aug 24, 2018 10:06:27 GMT -5
Interesting how Zion Oil claimed their stock was worth at least $5 per share on the last offering. However, can they claim that today knowing there is no proof of a commercial well. If they want more money, I think we need to ask "where is the beef". We need some positive press releases at this point or its going to be very difficult to raise more cash.
Why no talk of commercial Gas, or are they hiding something for the end! Only one can hope...
Thank the Lord that He will provide for those that love Him!
BP
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Post by Nancy R on Aug 24, 2018 13:11:47 GMT -5
I thought the PR was very positive, active "light oil" petroleum system encountered, flowing at 100bpd, and only 1.5% tested even!
Commercial will come once they do some more testing, then the project can fund itself.
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Post by Ethan / JRyan on Aug 24, 2018 17:23:48 GMT -5
I thought the PR was very positive, active "light oil" petroleum system encountered, flowing at 100bpd, and only 1.5% tested even! Commercial will come once they do some more testing, then the project can fund itself. Nancy, I wish to caution you about your wording. They did NOT have 100bpd of oil. It was most likely a mix of oil, water, and swabbing fluids. Again it is important to read the words carefully: They just did not state exactly what the 100bpd was and whether it was naturally flowing or not. Do not assume that is was. I personally think it was not majority oil. Note the wording above from the August 16th PR. As far as testing only 1.5%, that is in reference to the total depth of the well at greater than 16,000 ft. All the zones of interest might only total 1 or 2 thousand feet. Only Zion knows that information at this time. That would only be approximately 10% of the total well depth. I am not trying to discourage you in the slightest, I just want you to have good information so that you understand it correctly. If commerciality comes then by all means we are off to the races and can no longer be considered a wildcat company. We will become a oil production company! This is not known at this time. Thanks |
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Post by Ethan / JRyan on Aug 24, 2018 17:25:58 GMT -5
Interesting how Zion Oil claimed their stock was worth at least $5 per share on the last offering. However, can they claim that today knowing there is no proof of a commercial well. If they want more money, I think we need to ask "where is the beef". We need some positive press releases at this point or its going to be very difficult to raise more cash. Why no talk of commercial Gas, or are they hiding something for the end! Only one can hope... Thank the Lord that He will provide for those that love Him! BP . Agreed, they need to be forthcoming in why they want to further test this well. I think they know and yes they will have to or the funding will dry up. Agreed. |
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Post by bahamapete on Aug 25, 2018 16:37:36 GMT -5
Ethan, I believe Zion is onto something big, however the shorts will continue to tear it up until we announce something proving a commercial well is imminent. Shorts don't care what we believe, they want to see the proof. Like you said, 100BPD of what, lets be more specific.
If the SEC announces no wrong doing, we can stop the bleeding.
In the mean time we must be on our knees daily, lifting up John Brown and company. We are is a serious spiritual battle and they will continue this attack until the cows come home.
Holding long...
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Post by Ethan / JRyan on Aug 25, 2018 16:56:48 GMT -5
Ethan, I believe Zion is onto something big, however the shorts will continue to tear it up until we announce something proving a commercial well is imminent. Shorts don't care what we believe, they want to see the proof. Like you said, 100BPD of what, lets be more specific. Well I can not disagree but I do not think that 100bpd was enough of anything to go on as they stated in the PR. That is only a minor thing in this concentrated effort to tear down the company. There is way more to this than oil. If the SEC announces no wrong doing, we can stop the bleeding.Holding long... Agreed - Zion does not seem overly worried about it either. Just look at the POTUS and what they are doing to him, granted different arena. |
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Post by bahamapete on Aug 26, 2018 7:28:58 GMT -5
The POTUS is the worlds #1 supporter of Israel and I wouldn't be surprised if he is aware of the attack on Zion Oil & Gas right now!
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Post by WLDCAT KEVIN on Aug 26, 2018 12:07:36 GMT -5
I wrote to Potus in early January 2017 and told him about Zion Oil and Gas, I knew to send the letter to the Trump Tower at that time, because I knew eventually the Administration would control all incoming mail. I believe he got the message. Good things are here again, get into the fight all good Americans!
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Post by Ethan / JRyan on Aug 26, 2018 13:10:51 GMT -5
The POTUS is the worlds #1 supporter of Israel and I wouldn't be surprised if he is aware of the attack on Zion Oil & Gas right now! If he was he could not tell us. |
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Post by bahamapete on Aug 26, 2018 13:26:20 GMT -5
I wrote to Potus in early January 2017 and told him about Zion Oil and Gas, I knew to send the letter to the Trump Tower at that time, because I knew eventually the Administration would control all incoming mail. I believe he got the message. Good things are here again, get into the fight all good Americans! |
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Post by bahamapete on Aug 26, 2018 13:46:11 GMT -5
 The only way to stop this is to go on the offense. Staying in a defensive mode wont get us no where. Attorneys are not cheap and the lower the share price the more dilution to raise funding. As Ethan said, this attack is not only about oil and I tend to agree. An update with some meat will counter the bleeding, however we need to go after them. I am praying we can raise all the funding necessary to move forward. Regardless of mega news tomorrow and we go to $20 a share, I believe they will keep coming at Zion Oil & Gas and try to drive it back down. I believe the Lord will go before us! |
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Post by Ethan / JRyan on Aug 26, 2018 13:56:56 GMT -5
View AttachmentThe only way to stop this is to go on the offense. Staying in a defensive mode wont get us no where. Attorneys are not cheap and the lower the share price the more dilution to raise funding. As Ethan said, this attack is not only about oil and I tend to agree. I agree and that is why this board is here. Zion can not go on the offensive at least publicly. We do not know if they are doing anything but I guess they have other things to be worried about at this time. That does NOT mean we stockholders can not. I have and with gusto.... They are not done this is a spiritual warfare I think. |
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