.

Toroa had a 3.7% chance of success.

A well had to be drilled by late 2010 to comply with the license terms. The Ocean Guardian rig could only drill Toroa (very shallow water like North Falklands).

So Toroa had to be drilled. It was a duster pretty much as expected, but it meant the license terms were complied with and so it served its purpose.

fair comment other than your pretty pic implies that it should have held rather a lot of oil
wasn't scotia a duster too, or does my memory play me false?

Scotia is to be drilled after Loligo.

No drills have ever been done in the deeper southern basin. Toroa was a shoreline well, only 600 meter water depth and it basically found what you expect at shoreline, and thats coal.

Deep water is a different thing, thats gas or oil.

many thanks for the correction, but because there is no precedent at all in this area, everything but everything is based on hope

Cynic,

You do need to do more research.
Try as I might, I cant find any potential well called 'Hope' in the Fogl licencing areas.

"stupid boy, greek! it was a cunning ploy to deceive the bosch"

LOL, but I cant understand why anyone would want to deceive a washing machine manufacturer.

OK enough frivolity back to Fogl.

because they're already fixated with going round and round in circles :-)

There are a number off Workshop meetings going on today and over the weekend with FI companies who are working in the FI oil business whether these are bog standard meeting getting to know each other or more detailed I don’t know.

Whether this is why Desire is up and ARG I don’t know.

Edison update :

http://www.mediafire.com/view/?6taaxukguyv07u8

.

I'm convinced that hydrocarbons are present in this drill....and probably the next one.....the seismic shows that something pretty big is down there.....fingers crossed for a good result...the good thing is that another well will be drilled after this one......targets are there ......((as the crow flies) : not too far from Sealion).....once we get down to 1400m......the rumours will start.....and this is where the sp will fly or not......with autumn coming....just the right time for a the sp to "Bolt".....should I say......

the bones of moby dick!

Who's a dick ?

TOM & HARRY

Have you seen the size of it?!

Is not flacid any longer, is going up

About time it was UP HeHe !

Worth a listen to :

http://www.fool.co.uk/money-talk/where-next-for-oil-12698.aspx

.

Rising nicely.....at a guess must be below 700m by now....

Storm - nasty old storm passing through the area at the moment, will probably mean a weeks delay as the rig has to stop drilling and move away from the drill site.

Much lower winds and sea levels once this storm passes and drilling will resume.