- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
Not 1st announcement. It will be one Mr Hypothetical 2 chooses to trade.
And for simplicity lets say Mr Hypothetical 2's money is in a Bankwest account earning 7%pa from today.
So Mr H 1 currently has 50000 shares initial outlay = $18500
Mr H 2 has $18500 in his bank account waiting to buy on his choice of announcement
**Both Mr H's will be overseas for 2 weeks so Mr H 2 is hoping there isnt an ann in that time**
Trading at 33.5c.
Not real indicative of having anything significant over in Sugarland. Low to mid 20's might get me for a few as Yemen in 2009/10 could be interesting.
This is what worries me, that if it WERE so promising, and good news around the corner, then why the sp is so low?
With so many JVP's, any good news, wouldn't be secret for long.
85k traded this year, if i placed an on market buy for 85K the sp would reach .60..
as for leaks,, the wells are "closed wells" nothing is allowed out, its more than your job if you do!!
anyone looked at kunde 1 closely?
Using Oil Geochemistry to Determine the Origin of Light Oils and Condensates
Well it wouldnt suprise me if ADI were already fraccing K1 as they have a way of suprising interested followers.
Just late last year SL was fracced with no great outcome and supposedly moving to the next zone then a week later they were getting oil from z3.
Agree sp is so frustrating and delays have just been made too suit everyone on this play but hopefully all shareholders holding through this stage will be rewarded.
Lets just see what there next announcement say cant imagine it will be too far away.
nothing is happening at kennedy.. nor sugarloaf. currently conoco are very keen to get kunde 3 and rocket ship baker on production immediately.
as far as zone 3 goes, they did the pressure build up tests a month ago, and imho they have the data they needed now and the formation has been tested as much as anyone needs to. the zone 2 region is to be tested post kennedy completion.
full focus on the horizontals currently, once they finish the frac at kunde 3 in the near term they will announce the flow rates after its put on production.
the idea of these wells is to make them extremely profitable, and the sorts of flow rates they are conditioning these wells to achieve are designed to pay the wells off in a matter of months. imho the wells could be put on production right now with what they have in them.. but the chalks are over pressurised and have high matrix porosity and other factors that make it very attractive to frac them and boost them up.. lets wait and see what the frac can deliver!!
if you think about how long its taken conoco to frac the kunde 3 well, with all its complications, then you must understand they are treating this deadly seriously..
unlike the conoco projects in the lower 48 like piceance, the burlington project has only really slipped in the last year or so, 2006 was when burlington and conoco combined. this project went from a look into the edwards to a discovery that was completely unexpected. if you search through conoco releases over the last 2 years you will not find a single reference to this play anywhere officially, yet they have invested a small fortune there and from what i hear fully intend to increase that dramatically in the very near term..
although the general public is mostly unaware of the conoco program there, its not missed by the industry itself, it prompted pioneer to drill at meeks and see what they were looking at.. they can later look at driling some horizontals there on their leases once they see how conoco is doing.. as are a number of lease holders in the sugarkane region.. including our jvp.. but there is a close watch on the conoco works in the industry..
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?