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Very bullish news for this company: http://the-gold-report.com/the-next-potential-cxo-or-zen-mining.html |
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5/18/2013 2:14:32 AM |
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I presume there is an array of sensors located before the drill bit and they are taking readings of the surrounding ground as they drill, maybe this information is being used in determining where to drill the sidetrack.
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5/17/2013 10:05:11 PM |
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NS is not cryptic he simply does not speak English as his first language. As well he has stated his reason for the big change before. You'd have to go back a while to see it. Today he updated the change in attitude by sharing with the board ... |
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5/17/2013 8:41:37 PM |
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I will go with most probably oil in Sabisa. Sabisa will most probably prove a continuation of the Kenyan petroleum system. I don't know if Sabisa will produce, but remember the flow test was constrained at surface with Ngamia-1 which was dr...
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5/17/2013 3:57:12 PM |
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Not a big change, I had verry low odds after the first 1500m. But now there is oil but I do not know if it is 1m or 50m. But I know this fourth sidetrack has hold so far.. Wy drill 4 sidetrack if the well is dry? regards |
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5/17/2013 3:34:13 PM |
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I must admit NS, I find your words somewhat cryptic at times. In the very recent past, you had been quite negative on Sabisa with nothing found down to 1500m, even to the point of getting out of AOI. But your tune these days seems more optimist...
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5/17/2013 3:25:35 PM |
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Yes! It looks like the fourth sidetrack in Sabisa worked well. It has not been cheap. BUT if you try that much, you must know what you are looking for. GLTA! regards |
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5/17/2013 3:11:36 PM |
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confuse TD ( Total Depth ) with Target Depth , which should really be described as DTT ( Depth To Target ) the point I think Rion was making is that he thinks the DTT might be much shallower at Etuko than at Ngamia or Twiga for example. The relea...
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5/17/2013 1:28:28 PM |
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Etuko looks more like 2700 metres TD when comparing to Twiga South1 (3,250 metres TD) in the Tullow_2012_full_year_results_presentation.pdf. At least in case the cross-section drawing is somehow ment to be exact. |
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5/17/2013 5:32:51 AM |
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Anyone notice the change of control clauses now in the information circular. Protecting themselves against a takeover. Hmmmm. I know. Some will say standard clauses but I do believe that they were not in there last year. Anybody can confirm??
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5/17/2013 1:05:52 AM |
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Storck, agree w you on the depth. It does seems like it is deep at TD. Loperot 1 was drilled to 3km and I think etuko is deeper. Have not been able to any info of the target depth. Believe the primary target is the lower lokhone sandstones which ... |
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5/16/2013 10:47:22 PM |
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if sabisa is still going they are really having trouble..... 1500 meters should be drilled and cased in undertwo weeks not 4.5 months.There might be something down there, it'll bite hard if they don't find anything. 20 million or more to aerate th...
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5/16/2013 10:18:39 PM |
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Hay Vester,,,,I agree,,,in some markets the spudding of a key well on the eve of the Ngamia results everyone has been waiting for as well as possible the first oil discovery in Ethiopia would have met with some pretty good momentum,,. Not in thi... |
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5/16/2013 9:02:45 PM |
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Be nice to see their anticipated drilling curve for the well, but those are not typically public. The NR about the Etuko spud says "The well is expected to take approximately 60 days to drill and evaluate". On page 16 of the May present...
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5/16/2013 5:40:29 PM |
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One would expect moment traders to start to pile on in antipation of the various reports due out. Here's to some outstanding news! (people must not like your message or what I posted - 1 rating. LOL) |
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5/16/2013 4:59:27 PM |
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aweigh 14 January they started drilling Sabisa........ Around 14 February the shareprice started to go down. Later we find out that the rig had stand still 2-3 weeks... So 1 month to drill 1500m in sabisa! 50 m per day regards
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5/16/2013 3:12:36 PM |
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usual drilling rate for the type/size of rig we are using for Etuko. We have had nothing but problems on the last few holes, Ngamia and Sabisa both sidetracked so getting some idea on the progress we make over 24 hours has been virtually impossib... |
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5/16/2013 2:30:58 PM |
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Hello vestor111 The buyers is in for bigger volume now, looks like the climb will start soon. regards
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5/16/2013 1:02:09 PM |
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Simba Energy farm-out underpins share price, reckons Edison Wed 9:11 am by Giles GwinnettSimba and Ajax will investigate two areas of interest to better identify drill locations Simba Energy's (CVE:SMB) deal with Ajax Exploration, announced... |
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5/16/2013 12:40:08 AM |
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Taipan going to be the next oil hot stock?
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5/15/2013 10:58:41 PM |
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Nice digging you freakin' Swede! (It takes a Swede to know a Swede...) |
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5/15/2013 9:58:48 PM |
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in april's PR they seemed to intend to perform 6 tests total: http://finance.yahoo.com/news/africa-oil-confirms-lower-lokhone-060000132.html
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5/15/2013 3:41:25 PM |
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Wonder how many zones they are going to test 6?-7?-8?-9? This well should be a part of the wells that sets the price for Lokishar... Every hour testing could be worth millions. To sample every zone they can is money in the end... As you see in th... |
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5/15/2013 3:05:34 PM |
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Thanks for the responses,it still looks like more oil from centre to top,so hopefully the next results are higher,and we finally we what all the excitement was about.
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5/15/2013 10:03:43 AM |
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Testing is nearly always from bottom up as this is the safest, lowest cost, most data efficient method for well testing. It is very quick and easy to isolate a deeper perforated zone from a zone above. It is very difficult and expensive to isolat... |
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5/15/2013 7:53:44 AM |
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Stockhouse.com: Taking
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