.

Adding to your clever point jbc : if you can stomach losses over these two next drills (present one and next) : there is another drilling campaign in a year's time......but there is a big, big chance of this first well hitting something...perhaps not in the optimal area...but if some net pay of any kind is discovered then the company would have a terrific base to build on.....

Incredible to think that the company must have by now a fair idea of what they have or not....so rumours are bound to be flying around soon...

Not if its a tight ship,all coms will be down so its wait till RNS or sunday papers if Danny still has contact.

The thing is ; have they moved the flow testing kit to the rig ?....impossible for them to keep quiet about that.....and if they have,..does that mean that something is worth flowing...all might end in disappointment, as 3 out of 4 wildcats do....

Let’s hope we are the lucky 4th!

1- Borders and Southern (second drill).........1st

2 -Range...............................2nd

3 - Chariots...........................3rd

And we are pleased to say...........4th prize goes to...........FOGL

It took 10 attempts to get a strike in the North Sea, Falkland waters, far greater area!!!!!!!!!!!!!

There is Oil around these waters............My analogy for what it is worth; blinking Falklands is an island of "PEAT".............So, lots of oil around, difficult bit, where is it?

PEAT is the first stage of plantlife turing to coal.

OIL comes from the remains of prehistoric organisms, that died and settled at the bottom of the sea, and were then covered by layers of sediment. Due to pressure and heat they were chemically changed into oil.

Oil does not have anything to do with dead plantlife contrary to what most people think.

Well I was one of those "Contrary individuals"............Thank you all the same for putting that right for me. You are never too old to learn!

jbc........

Oil does not have anything to do with dead plantlife contrary to what most people think.

Crude oil was made over millions of years from tiny plants and animals, called plankton. The plankton would form oil in about 150 million years time if the sea bed is not disturbed.

The plankton that lived in the Jurassic period made our crude oil.

This was the time of the dinosaurs. It was about 180,000,000 years ago.


The plankton are trapped under many layers of sand and mud. Over millions of years, the dead animals and plants got buried deeper and deeper. The heat and pressure gradually turned the mud into rock and the dead animals and plants into oil and gas.

Or in FOGL last drill turned in to flipping coal which is why you have plenty of peat on the Island as it must of been a swap about 300 million years ago.

Yes you are correct about plankton, tiny organisms classified as animals and plantlife.

What i was trying to get across, is that a lot of people think that trees etc in forests and other land based plantlife produced oil when they died.

How it works

In the leading theory, dead organic material accumulates on the bottom of oceans, riverbeds or swamps, mixing with mud and sand. Over time, more sediment piles on top and the resulting heat and pressure transforms the organic layer into a dark and waxy substance known as kerogen.

Left alone, the kerogen molecules eventually crack, breaking up into shorter and lighter molecules composed almost solely of carbon and hydrogen atoms. Depending on how liquid or gaseous this mixture is, it will turn into either petroleum or natural gas.

So how long does this process take?

Scientists aren't really sure, but they figure it's probably on the order of hundreds of thousands of years.

on this quiet afternoon ...... i don't think plankton in any number of zillions have any intrinsic substance to create oil or gas ...... both oil and gas are fossil fuels, and therefore one surely needs animal or plant with some kind of structure

The most recent Rumour is that they are flaring, can i just confirm this Rumour as true.

I had a pair of trousers back in the seventies that flared a bit....but not on that scale....

Any more rumours ?....

Come on, have a go - what do you think and why ?

Positive me will go for :

Three Bears was not there - seismic wrong and the anomaly was actually in the Upper Cretaceous, not the lower Tertiary T3.

New Upper Cretaceous oil discovery made - net pay - potential for more below this (as in the Campos Basin Upper Jurassic).

Deeper levels of Upper Cretaceous will be drilled next time, following 3D work in 2013, with an appraisal well in 2014.


There, thats my guess and its likely to be totally wrong :) !!!

Whats yours............... ??

Ha ha ha!!!

crikey .... is this our friendly biblical character back from the empty quarter?

Blimmy i wonder where he copied and pasted that from!!! He must of worn himself out thinking this morning with all those so called rumours.

shame market didn't buy this morning's story and whizz sp up to about 80, as that was my target for starting a short

I not bothered where the Oil/Gas is/comes from so long as its of commercial quantities..;D))
Is it a matter of days before we find out..