.

throw the man a few more straws - he needs them

I think he will need more than 'a few more straws' to get anything out of this BORehole

This might just strike it lucky.....

lol.,.

rf
'might', 'just' and 'lucky' don't appear too attractive to me - good luck for those who are running this long.
I'll sit on my hands (and wallet) for some solid news. Like Cynic I'm happy for my major holding in RKH to bathe in the reflected glory of whatever the outcome may be.

http://www.thisislondon.co.uk/business/business-news/falklands-tycoon-laughs-off-argentine-threats-7618602.html

.

Well, all ahead for next week. Tuesday onwards should see the fun start, its week number 4 next week, of the given 4 to 5 weeks from 16th March RNS, and so news at any time then :)

http://www.oilgasmonitor.com/falkland-islands-oil-gas-exploration%E2%80%99s-newest-frontier/1714/

.

Avsec : you are like the person that doesn't get in the hot bath until it has cooled down !...(say that to yourself with a chinese accent../ it sounds better)...lol...

rf
You're not far off the mark!

Because I never got sent off for an 'early bath' it resulted in me climbing into a slightly muddy, steaming pond with the rest of the team - and trying to avoid treading on the bar of carbolic soap.

My investment strategy goes along the same lines and, touch wood, has kept me pleasantly safe to date!

As for cold baths, I shall spend the rest of this week in thermals chest-deep in the Spey trying to avoid one of those as well.

better chance to catch a 20lb early spring run salmon that bor hitting the jackpot .... trust the spey still only allows proper fly (suppose wet flies just about qualify) fishing ..... failing that, a stick of gelignite!

Cynic I agree with you on all points - it's just the 9 hour drive to get there that is a PITA. Haven't used explosives since the Malo in the FI's!

LOL

http://www.telegraph.co.uk/news/politics/9194819/Argentina-told-it-must-pay-back-45-million-UK-loans-that-were-partly-used-to-fund-Falklands-invasion.html

.

This article is good, it would have been better if it started with

"BP, which has assets locked up in Argentina that its trying to sell but so far has not been able to, has said.............."

LOL

http://www.laht.com/article.asp?ArticleId=490694&CategoryId=14093

.

Well, they should be at TD this weekend imo, giving a few days for wireline and interpretation we should have some drilling results news late next week.

Going to be fun !

Given most people are long if they want to be long BOR, short if they want to be short BOR, talking crap and saying its massive risk and not worth buying if they are in cash and waiting to buy on any good news - I thought its worth a quick Darwin prospect summary ahead of the results, likely next week.


Darwin is a "Springhill" play. The Toroa drill proved that the Springhill sands are good and viable - so the risk for the sands being there and viable is greatly reduced risk.

Darwin has a "flat spot" and this is backed up with AVO - which is like the "holy grail" of wildcat exploration, its pointing to a contact point between gas and water, oil and water OR BEST CASE gas and oil. Might be wrong, but not often.

With a whole host of DHI's (Direct Hydrocarbon Indicators) and with the Springhill sands proven as good and very viable for reservoir in another location - things do look rather good for BOR to have success at Darwin.

Given the massive amount of failures with drills most people overlook the actual data and simply apply an illogical logic that they feel lucky or not, or that wells have more chance of failure so they will therefore fail.

However, BOR in this case does have a very good CoS and I think people are being far too dismissive of Darwin and its prospect for success. Its certainly not a dead cert to find hydrocarbons, but it does have a very high CoS for a wildcat well imo.

Fingers crossed, we shall see in a short while whether the longs were rightly optimistic, or whether the people who back failure are right to do so again.

I am firmly in the long camp.

Mr P - what is the difference if any between a flat spot and a dome? ..... i ask merely because my in my ignorance, i recollect that the massive saudi deposit often refers back to the dammam dome and similar

A dome is a formation.

A flat spot is where 2 different fluids meet. If you fill a glass with 25% water and 25% oil and then tilt it 45 degree's, you will see that the oil remains on top and the water below, but there is a "flat spot" between them - meaning a horizontal line where the 2 fluids touch.

This is a flat spot.

Flat spots can be gas to oil, gas to water or oil to water.

By having a flat spot along (particularly over an angled formation) with supporting AVO its a very strong indication that either gas or oil are present in a reservoir sand situation.

many thanks so far, but if a dome is also (apparently) such good news, what does that indicate other than a "formation"?

A dome would refer to the shape of the structure - like an upside down pudding bowl, so it gets called a "dome".