Proselenes
- 13 Aug 2011 04:53
.
chuckles
- 15 Sep 2012 12:54
- 1850 of 2393
By the way, not the irony of the poodles post immediately after the rampers! That is really hilarious, pmsl :)
cynic
- 15 Sep 2012 14:03
- 1851 of 2393
unlike some, i can't be bothered to trawl back through old posts - well only very very rarely - but for sure i was taken to task on a number of occasions, either by MrP or poodle-boy or some other self-delusionaries, when i had the temerity to suggest that the chances of Loligo hitting pay-dirt were 5/1 at the very shortest ..... i'm sure it is not my imagination that those deriding me - they are more than welcome to - pointed to the towering sand dunes (well i am still in dubai!) of pseudo-science analysis and research, indicating that the odds were certainly 3/1 and perhaps better ..... indeed, i think that was to find oil, though of late, gas (which i think would have little or no value) was substituted
grannyboy
- 15 Sep 2012 15:16
- 1852 of 2393
chuckles you've got absolutely no idea what i do in life, but i know i don't spend as much time as you do on the bb's and that goes for cynic who's "suposed" to be working in Dubai but who's been posting nearly every minute of the day..,And chuckles obviously you've not read Proselenes 1846 post!!..
cynic
- 15 Sep 2012 15:38
- 1853 of 2393
poodle-boy - you've got absolutely no idea what i do in life!!
Proselenes
- 15 Sep 2012 15:48
- 1854 of 2393
One must not forget, this is a "compromised drill".
It is not a drill aimed at hitting thickest net pay in a single target.
It is aimed at trying to get a poke into 5 different targets - whichever way possible.
This means it is passing through all 5 potential targets (if it did) in sub optimal locations - the objective of this well is to try to hit them all, and thats all.
Therefore any net pay in any target is a good result and should not be looked on it a negative way if its thin.
Future appraisal wells, if thats the case, would target the thick sections of any targets that come up positive in this drill. This drill is about getting information, hitting 5 targets at with the same drill, and trying to find some hydrocarbons.
cynic
- 15 Sep 2012 15:57
- 1855 of 2393
that has to be the biggest load of rationalised bollocks i have heard in a long time! ..... leaving aside the cacophony of your last 1000 posts, you are now implying that FOGL were never really expecting a result from this well, or very little at best .... in that case, they might just as well have drilled in my back garden - at least they'ld have found drinkable water from the aquifer just a few feet down
Proselenes
- 15 Sep 2012 16:24
- 1856 of 2393
cynic, this is the first ever well in the East Falklands Basin.
The data alone from this well is worth a fortune for the future. It has always been said by the FOGL board they would attempt to find a way to drill all the targets with a single well.
That means its impossible to target the thickest section of 1 target, you are compromising rig location and well trajectory to try to hit in some way all 5 targets.
Luckily although you do not know this, all of FOGL's major shareholders do, they are well informed and up to date.
chuckles
- 15 Sep 2012 16:45
- 1857 of 2393
Laff a minute this fred, pro ramper is upset cos he's bailed out and now has convinced himself it might be a gusher after all. No wonder he and the poodle boy are so bitchy. Couldn't make it up. Lol. Another opportunity lost or have you saved your £1000 you invested in the first place. You need to see a shrink. Rotflmao :)
cynic
- 15 Sep 2012 16:55
- 1858 of 2393
P - "Luckily although you do not know this, all of FOGL's major shareholders do, they are well informed and up to date." .......
what's this got to do with the price of bananas, which is what FOGL might as well be trying to sell? ..... i don't give a monkey's what the major shareholders do or do not know, but i bet they're not cracking open Roederer Cristal!
required field
- 15 Sep 2012 17:37
- 1859 of 2393
I think I shall have to fire our man on the rig.....no leaks at all...good or bad....tut...tut....Prosels is right about them trying to get all targets in one drill...very difficult....if thet get one right : they will either use their second drill spot now or come back in a year's time....
CortezTheKiller
- 16 Sep 2012 00:02
- 1861 of 2393
If it isn't a duster, then aren't there in effect 12 possibilities. 4 targets x (3 possible results in each one). Oil/condensate/gas. What I'd like to know is which one of these is the least best? and what sort results this will have on the sp??????
CortezTheKiller
- 16 Sep 2012 00:08
- 1862 of 2393
Whether a condensate find is better news than dry gas or low-GOR oil depends on a lot of things such as where you are in the world, what infrastructure is available, and what other technical aspects or challenges may exist. So what I'd also like to know is which would be a better result in Loligo.. condensate or oil????
Proselenes
- 16 Sep 2012 02:11
- 1863 of 2393
Mr Flarn on LSE has taken one of my FOGL enlarged map cuts and put the Toisa Sonata's recent movements on it. If you look at the Orange outline of Three Bears, the TS does seem to be touching the edges, which could indicate additional seismic work ongoing in relation to Three Bears. It did the same after the Darwin strike for BOR - which was for VSP. Now doing VSP could all be about learning more from your duster, but it does seem to be focused on Three Bears ??
This pic also highlights the location of the rig and the compromised position of this single drill, as its not about hitting thick net pay, its all about hitting 5 targets, in whatever was possible, with a single drill trajectory.
Three Bears is the Orange outline in this map, quite a big size, P50 recoverable estimates of 1.5 billion barrels potential - oil being API18 to API 24 range.
Owing to the sub optimal well location (trying to hit 5 targets in 1 drill - as opposed to trying to hit a single target in its sweet spot) of this drill, if they hit any net pay over 10 meters I would be a happy bunny - mind you, I would be happy if they just hit some gas/oil, that would prove generation and migration and bring the whole East Falklands Basin firmly into play and no longer speculative.
Another speculative Sunday ahead and then finally its going to be somewhere in between Agony and Ecstasy with news Monday.
Proselenes
- 16 Sep 2012 02:50
- 1864 of 2393
Coloured the Three Bears anomaly in red to highlight it easier.
cynic
- 16 Sep 2012 07:40
- 1865 of 2393
no surprise - Sunday Times totally disinterested
Proselenes
- 16 Sep 2012 09:06
- 1866 of 2393
The Sunday Times is only interested in Falklands bad news -DES dusters - BOR gas and not oil.
Its quite bullish to see nothing in the ST - might mean good news coming.
jbc
- 16 Sep 2012 09:28
- 1867 of 2393
One other scenario that i haven’t seen mentioned is the possibility that if this current drill is successful to the point where further investigation is warranted then they could use the second drilling campaign to appraise this well and not move to a new target.
required field
- 16 Sep 2012 09:32
- 1868 of 2393
Exactly what I said earlier jbc...it's a possibility....if it's a success then a bit like Rockhopper, better to appraise what you have and leave Scotia till later...this is only if it is a major success....I find it bizarre that there are no rumours or little...might be a duster...who knows ?...
cynic
- 16 Sep 2012 09:35
- 1869 of 2393
P - another load of finest verdure from you! ...... there have been a number of long articles in ST over the last couple of years relating to FI potential and also, unless I am much mistaken, as to the commerciality or otherwise of Sealion