.

Like a discovery RNS, then completion of logging RNS, then technical update RNS, then oil samples results RNS etc..... so that the shorters are running scared everyday in case another RNS pops out.

Just need an initial discovery thats all, then the games can begin on DES.......

DES fail again, at least they got some oil this time, however, not very much of it and poor quality sands.

Looks good for ARG and RKH and again pushes the "northerly" migration potential and the fact that DES appear to have the duff licenses.

We can now concentrate on the flow test due up for RKH next, and its 3 wells back to back for RKH.

.

Nice news on ARG today, they will have fast track 3D data same as RKH for late July, really is time anyone in DES shifted over to ARG/RKH now.

Looks to me like DES really do have the duff license area, sad for DES holders but thats the way it is sometimes.

.

RKH is grossly undervalued anyway..... so it was never going to drop much on bad DES news.

Sp will start to rise ....shame about DES but it looks like RKH is the one to be in !....

RF,

ARG and RKH are the ones to be in, as well as BOR for the south.

with DES being routed as well as the markets in general, i see nothing jolly on the horizon here, or at least not for a good while yet

Time for me to get back in again soon me thinks.,.

DES is now history, its yesterdays news.

Next up is a flow testing extravaganza from RKH, aiming to boost up the flow rates achieved and therefore enable the development planning to proceed with much higher flow rates (and therefore fewer wells and lower development costs).

Next up is constant ramping b******s from P.

Good news for BOR today, with FOGL doing a rig share and therefore meaning BOR now only pay 50% of the mob/demob costs.

Q4 will see ARG/RKH/BOR all drilling and Q1 2012 will see BOR/ARG/RKH and FOGL all drilling.

Going to be lots of positive sentiment around in Q4.

I really do hope Sam Moody of RKH is in touch with ARG now about farming into the ARG license... allowing ARG to raise less money and get their top 2 leads drilled with much less dilution.

Everything hinges on the new 3D seismic which if you read ARG and RKH RNS then both are getting them fast tracked ready for July.

RKH have the know how now to really be able to say what the seismic means in real life.

That would be an enormous help to ARG.



So I really do think that RKH could well be farming into license PL001 that is currently 100% ARG.

Maybe around late July/August time.

21st April rig status report for the Ocean Guardian shows 3 firm wells (that the coming 3 RKH appraisals) and 10 prices options for the new contract in effect once DES P&A Ninky.

So of the 10 options one would expect ARG to raise money for at least 2 wells, if not 3, and drill them in perhaps August/Sept time along with some more RKH wells and then with a couple of options for DES IF they can raise some money. If they cannot then it might be ARG or RKH again.


http://www.diamondoffshore.com/ourFleet/rigStatus.php

.

Just had a recheck, looks like we should get appraisal well 14-1/5 spud notice on Tuesday or Wednesday, to start the ball rolling again.

At play :

Thicker Sea Lion Main fan net pay.
Thicker Sea Lion Lower fan net pay.

The above two being good then flow test in excess of 4K bopd.


Those 3 items should be enough to give us another boost, cut the costs associated with the development plan and raise the P90/P50 a little (not much).

14-10/6 and 14-10/7 will be about making the P90 well above the 200MMBO recoverable level.

.

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

Not much going on here now.

only 37 days to go,then either 500p+ or back to 50p-