.

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..

Well, another rumour..........


Black Gold @Oil_Falklands

HEARING GOOD NEWS FROM THE FALKLANDS.....YOU KNOW WHAT I AM ON ABOUT............:)

the market isn't listening ..... he'd better try again but louder

cynic they are all asleep........snore.....snore zzzzzzzzzzzzzzzz

The market does not know anything, nor do I, nor do you............

AKA - price going nowhere - everything up in the air and all to play for.

Who will have the weekend story ?

The Sun ?

The Sunday Times ?


Or none of them ?

probably "The Rockhopper Times"............ who gives a toss.

All I can say.........Well done to FOGL "keeping whatever the result under wraps"?

How do they do that, what with mobile/satellite technology.........Must be all locked away..........They will get them back on Monday morning me thinks?

Now the market has closed I have something interesting.

CHAR stock on loan showed a jump in the shorts position Thu 6th/ Fri 7th Sept - and duster come on Mon 10th Sept. Big selling Tue 4th, then some stuck a few sly shorts on 6/7.

FOGL has not had any stock on loan (shorts) spike, in fact its continued down.

So it does appear nobody knows whats going on at Loligo.


On CHAR they knew ahead of the RNS it seems, sold heavily and the plopped a few shorts on for good luck and some tea money - but not on FOGL.

CHAR below :




FOGL below :



.

hey hali, even you must admit that TLW is better than this one!