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*facepalm* that screenshot I took was actually from the BPC presentation in 2010.
I cannot link it because it opens in a PDF. But it shows the Historical Bahamas Activity page 7 or 32. I hope you can find it.
Then scroll down to HISTORY.
Its a shame one can't post screenshots here. It would make it so much easier. I am trying to find the other site when I found then chart of the wells & the zones encountered. I am assuming this all took place before the Internet which is why this data is so hard to find.
No SvS - previous wells did not hit the Jurassic
The deepest well was Doubloon which TD above this level, as per the article you posted but choose to not acknowledge its content, or alter it: did you possibly think you would get away with this mendacity?
"The Doubloon well was successfully drilled to 21,740 feet, T.D'ing in the early Cretaceous ABOVE the regional Jurassic source rock intervals. "
You dont provide a link as would prove you wrong
Jurassic is >7,500m
Doubloon - 6,544 m
Cay Sal-1 well - 3,865m
the Long Island-1 well and Great Issac wells - 5,151-5,395 m
"The final well was drilled by Tenneco in 1986 on the Doubloon Saxon structure in BPC’s Donaldson license. This was also the deepest well drilled to date, at 21,470 ft (6,544 m) TD, encountering live oil shows over a thick interval. "
Geeez this info has taken forever to find. Its unfortunate that its come down to the finer details & semantics but I guess debates always end up here.
Information on the 5 historic Bahamas Wells is scarce but evidently the Cay Sal-1 well, the Long Island-1 well & Great Issac well all drilled through the Jurassic. All wells encountered oil shows. One even flowed 18barrels.
All of this information is relevant but results all remain the same. No commercial discovery has been made.
This is always the point I was making, not as some some received it as me stating " no oil exists in the entire Bahamas acreage". I maintain as yet, commercial oil is YET to be discovered in the Bahamas.
Which is why I provided those 2 articles for everyone to read. So now the debate has turned to semantics?
You didn't give any opinion on the last paragraph of the second article. May I push you for an answer?
SVS I don't expect anything of the sort.
You said only dead oil and evaporates have been found. This is blatantly false.
Live oil has been found in multiple wells, as evidence by your own sources.
Nelly I'm sorry, were you expecting me to provided a detailed well analysis of everything found in each well?
CERP we don't want bad data here only good data right?
I have read it
no Jurassic levels were reached - is this so hard to understand?
"By late 1986, Tenneco had decided to spud the Doubloon Saxon #1 well; the deepest test drilled in The Bahamas to date and located within the current day Donaldson licence area. The well was successfully drilled to 21,740 feet, T.D'ing in the early Cretaceous ABOVE the regional
Jurassic source rock intervals. "
SVS, you didn't say "no commercial quantities of oil have been found yet", which would be a true statement.
You said "all that has been found is dead "evaporated oil" in every well drilled to date.", which is a false statement.
SVS have a day off....zzzzzzz
Tiburn you definitely haven't read the keyfacts article about total depths or Jurassic layers drilled in previous Wells or else you wouldn't have just made that statement.
Unfortunately encouraging results cannot be sold at WTI prices, neither can oil shows, evaporated oil or W.P.S bites.
Why is everyone frustrated at me for saying no commercial quantities of oil have been found yet? Is that not the current status of the Bahamas?
If and when the Jurassic layer is drilled in one of BPC's licences and commercial quantities is found then it will correct the historical data.
Until that time, 6 bites of the Bahamas cherry have been taken. So far its not sweet.
When it comes out in an RNS I will believe, until then it's just slides/presentations which mean nothing to anyone, especially the market hence the market cap
what can you do with that as a position?
No one is saying that the past drills are in production - we are just saying they showed some encouraging results.
Jurassic is a new play - there is no extrapolation from past drills as none reached that TD
it seems you dont read or accept any RNS, CPR or BPC presentation at all, just look to gain data elsewhere that fits where you want to be, in your negative zone - not to gain an objective understanding.
Read slide 28 - attempt to understand this:
"1. Significant material exploration prospectivity remains undrilled in independent structural and stratigraphic plays in licence
2. Perseverance #1 data to be recalibrated with a well tie into 3D. Complete
Biostratigraphy assessment, show geochemical analysis
3. A vertical Jurassic well positioned to evaluate untested Aptian reservoirs /
closures at B South and or C structures, offering dual well targets.
4. Immediate focus on revised 3D basin modelling with updated burial history, refining geothermal gradient from P1 data and including reservoir and source rocks inputs using the producing US Gulf of Mexico Jurassic Norphlet – Smackover play system"
Nelly how do you feel about the last paragraph in the second article?
It feels like I am having a debate over the non commercial Bahamas results and every one else is of the belief that the 6 historical Wells are now in full production.
And the reasoning is, because oil is being produced in the Eastern Gulf, it means oil will be produced at the same quantities in the Bahamas. And that indeed was the mission taken on by the Oil Majors, to prove this. Again, all I have said is as yet; the Bahamas remains unproven.
POC ok great.
So commercial oil could be present in the Jurassic. I don't disagree with that.
I think for many of you, the monster Bahamas commercial discovery has already been made. You guys have already put a down payment on your Ferrari's.
And when someone like me suggests actually waiting for the discovery to be proven before buying your driving gloves, you must chastise me.
One can't pump 75,000 oil shows to surface.
All the data suggests the oil is there. So far all the drills indicate it used to be there.
Live oil and gas has been found in previous wells. Live oil has been found in Perseverance. The perseverance well has confirmed that the thermal maturity of the oil to migrate and fill the reservoirs which were encountered in the Albian and Aptian with higher oil saturations as the well was drilled deeper. The thermal maturity has confirmed that there is a working petroleum system sourced from the deeper Jurassic. The location of Perseverance on a crestal high of Fold B meant the volumes were not commercial. A down dip well towards the south of Fold B will be the optimal location to discover commercial volumes in the Albian and Aptian reservoirs. The deeper Jurassic source is present under the entire Fold B structure and can be drilled in either location, however reaching shallower targets first will be the preferred location.
SvS you ARE trying to make the case as hard as you can that no commercial oil would ever by found, hasnt to date so that justifies your beliefs. There are huge gaps and errors in your logic.
You obviously dont understand this, you should cease making extrapolations that have no validity - as PoC said you need to be a Geologist or Petroleum engineer to really understand all these nuances - your neither - he is industry- so you should defer to his opinion as having far more weight than yours or anyones on here for tech aspects. If you do not , why would you not? your no expert by your own admission.
Guys, I have not said that the oil is not there. All I have said is that is hasn't been discovered yet. And any attempts thus far has lead to only dead oil being found.
POC, I'm sorry, has commercial quantities of oil been found in the Bahamas basin yet?
ShouldveSold - are you another one on here that lives in an alternative reality? To see the naivety of those who do not understand what they are reading and so come to conclusions that do not match reality, only shows themselves up as intellectually challenged. Embarrassing at best, however at worst, frightening for what else they get wrong in life.
Tiburn and so we wait for P#2 drill results to discover if commercial quantities of oil is present.