Replies to This Discussion

Permalink Reply by Chester Fairfield on March 22, 2011 at 3:42

From quick glance my guess is they are looking for the Haynesville SAND(not the same as shale) found in this well:

 

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

 

in the adjacent section.  It looks ilke they also found some CV section that was productive.  From the TD i'm going to guess they are looking for multiple possible targets(smackover(possible brown dense depending on how that plays out), haynesville sand and cv). 

Permalink Reply by Rafe Hollister on April 17, 2012 at 17:49

Any word on this test?

Permalink Reply by Skip Peel - Mineral Consultant on April 18, 2012 at 1:28

The well was drilled to 12,000' and then reported as Plugged & Abandoned on April 13.

Permalink Reply by Rafe Hollister on April 18, 2012 at 9:20

Yep, April of 2011.  Did you ever see the unit application on this, Skip?  Thanks

Permalink Reply by Skip Peel - Mineral Consultant on April 18, 2012 at 9:44

No, Rafe.  I do not review drilling units in fields or areas where the Haynesville formation is sand, only where it is shale.

Permalink Reply by Skip Peel - Mineral Consultant on April 18, 2012 at 11:06

No. 1:  It would be a mistake to assume that the Magnolia Reporter is a good source for O&G news.

No. 2:  Re: Ginger Oil -

They have permitted one well in LA., back in 2004.  The permit expired, the well was never drilled.  They do not hold a current permit to drill a well in Claiborne Parish.  And the Department of Conservation does not have a field called Tiger Creek in Claiborne Parish.

Although I have not run across them previously, I have seen a number of similar companies that trade as penny stocks.  A good percentage are out and out frauds.  Tread carefully with companies such as Ginger.

Permalink Reply by Rafe Hollister on April 18, 2012 at 11:42

In Ginger's last quarterly report (Feb 2012), they claim their Claiborne Parish position  would be greatly benefitted if SWN's Garrett well proves to be a big producer of crude oil because of the formation they are sitting on at the "Tiger Creek Field" (the name Ginger has always used for that part of the Oaks Field located south of Kisatchie...there is a Tiger Creek in the area).  Ginger's website has lots of info about their only well in Claiborne Parish at "Tiger Creek", the Lamb No. 1 (as listed in Sonris) drilled and plugged in 2011.  What do you make of these comments from Ginger Oil and Garrett?  What do you think about the test well, the Lamb No. 1?  That unit application might be interesting (site says they have more than 12 square miles of leases at "Tiger Creek").  Here is Ginger's quarterly report (in Sweedish only, I cut and pasted into Google Translator):

http://bors.affarsvarlden.se/afvbors.sv/site/stock/stock_detail.pag...

   

Permalink Reply by Skip Peel - Mineral Consultant on April 18, 2012 at 11:48

The state O&G database lists only one well for Ginger Oil.  A permit that was never drilled in 2004 in Iberia Parish.  Got a Serial Number for that Lamb No. 1?

Permalink Reply by Skip Peel - Mineral Consultant on April 18, 2012 at 11:50

The Lamb #1 in the Oaks Field is not by Ginger Oil.  The operator is STEPHENS PRODUCTION COMPANY.

Permalink Reply by Skip Peel - Mineral Consultant on April 18, 2012 at 12:03

I think it likely that Ginger Oil is a penny stock company attempting to sell stock.  It's not unusual for such companies to buy small working interests in wells such as the Lamb No. 1 and then to spin expectations.  I doubt there is anything of interest in the unit application but I can tell you how to look it up if you would care to follow up.

As to Stephens Production, see below.  They have a total of three wells only one of which is producing.

Organization Id	Organization Name
S408	STEPHENS PRODUCTION COMPANY

Cnt	Well Serial	Well Name	Well Num	Status	Class	Class Type	API Number	Org ID	Field ID	Permit Date	Sec-Town-Rng	Parish	LUW Association
1	232022	GRAY RA SUA;HOLLIS	001	33			17061208030000	S408	8991	07-SEP-05	015-18N-01W	31	GO TO LUW INFO	12600
2	233768	CV RA SUB;WEYERHAEUSER 27	001	10			17061208470000	S408	2680	07-JUL-06	027-18N-02W	31	GO TO LUW INFO	12705
3	242875	HA RA SUN;LAMB	001	29			17027224730000	S408	7100	04-MAR-11	022-22N-06W	14	GO TO LUW INFO	12300

Permalink Reply by Skip Peel - Mineral Consultant on April 18, 2012 at 12:15

Rafe, here is a link to the Unit orders for Ginger Oil.

http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...

Permalink Reply by Rafe Hollister on April 18, 2012 at 12:26

Thanks, Skip.  I'm sure your assessment of Ginger possibly overstating the value of their position is accurate.  Btw, they are listed as the applicant for this Oaks Field drilling unit in 2009.  Here is the link.

http://dnr.louisiana.gov/assets/docs/conservation/hearings/2009/09-...

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