Replies to This Discussion

Permalink Reply by Rock Man on October 28, 2018 at 11:41

FYI - Australis 3rd Q report and investor presentation on Australis TMS site. Drilling first horizontal well in the TMS. Have encountered (O&G) shows in the AC in both wells (drilling intermediate part of wells first before bringing in new rig to go horizontal. Both wells on same pad (one north / one south).

This area is updip of the shelf edge and will be lower pressure and probably more of a "black oil" play in the AC if it is successful.

Permalink Reply by John Lann on October 28, 2018 at 12:27

Rock Man,  do a favor for those of us who just do not keep up with each drilling co. and their locations or Field names.  Just the name of the parish, name of town, hwy no's or small community that this is close too.

Thanks,

John  EBR

Permalink Reply by Rock Man on October 28, 2018 at 12:57

John

I'll try to do this if I have time to research the local specifics around and well.

The Australis activity is in SW Mississippi just north of the Louisiana state line in Amite County / south of Gloster.

Permalink Reply by John Lann on October 28, 2018 at 15:07

Thanks,  that does give me at least a proximity which is way more than what I was guessing.

John EBR

Permalink Reply by Rock Man on October 28, 2018 at 15:31

Suggest you check out that site and take a look at the report and presentation - some good info as to what Australis is doing and planning to do.

Permalink Reply by John Lann on October 28, 2018 at 16:06

If it has been part of these postings, I am overlooking it.  I have tried doing a web search but no luck.

John

Permalink Reply by Rock Man on October 28, 2018 at 16:09

Here is the link to this discussion thread. You can search for it under the term "Australis" or 'TMS" at the top of this page. 

https://gohaynesvilleshale.com/forum/topics/australis-seeks-funding...

Permalink Reply by William C. Morrison on March 13, 2019 at 4:57

I see in SONRIS where the Profit Island permit has expired.  No joy there.

Permalink Reply by Skip Peel - Mineral Consultant on March 13, 2019 at 5:02

I wouldn't read too much into the permit expiring.  Devon is old school and slow.  This was a six month permit.  It will cost Devon another $1226 dollars for another six months.

Permalink Reply by Rock Man on March 13, 2019 at 7:54

Agree totally @ this not being a huge issue - but keep in mind that Devon just announced staff cutbacks for OKC office plus sold some assets to slim down their portfolio and focus.

Not saying they may be negative on AC but just pointing this out. 

Permalink Reply by William C. Morrison on March 13, 2019 at 8:05

Refreshing to know Profit Island is not down and out - yet.  Devon home office issues does not sound good at all.

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