The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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The Columbus Basin, forming the easternmost part of the Eastern Venezuela Basin, is situated along the obliquely converging margins of the Caribbean and South American plates. The two primary structural elements that characterize the basin are (1) transpressional northeast-southwest-trending anticlines and (2) northwest-southeast-oriented, down-to-the-northeast, extension normal faults. The basin was filled throughout the Pliocene and Pleistocene by more than 40,000 ft (>12,200 m) of clastic sediment supplied primarily by the Paleo-Orinoco Delta system. The delta prograded eastward over a storm-influenced and current-influenced shelf during the Pliocene-Pleistocene, depositing marine and terrestrial clastic megasequences as a series of prograding wedges atop a lower Pliocene to pre-Pliocene mobile shale facies. As a result, several observations were made regarding the basin's geology that have a bearing on exploration risk and success: (1) megasequences wedge bidirectionally; (2) consideration of hydrocarbon-system risk across any area requires looking at these sequences as complete paleofeatures; (3) reservoir location is influenced by structural elements in the basin; (4) the lower limit of a good-quality reservoir in any megasequence deepens the closer it comes to the normal fault bounding the wedge in a proximal location; (5) reservoir quality of deep-marine strata is strongly influenced by both the type of shelf system developed (bypass or aggradational) and the location of both subaerial and submarine highs; and (6) submarine surfaces of erosion partition the megasequences and influence hydrostatic pressure, migration, and trapping of hydrocarbons and the distribution of hydrocarbon type. http://www.searchanddiscovery.com/documents/wood/index.htm
Maybe has bought in after all, Or is going to? We will see, All the best (hey Ross)
Actually, good defence from Ross. All the best (you think HH?)
No problem chesh. Just info. :-) ( and it helps move those promos down)
oh Ross, Sigh. All the best (LTH'ers)
Sorry HH, I have now idea what you on about? Just getting that muppet promoting another share closer to the bottom, All the best (good read though!)
Another source of info will be acquired from bolt "soil geochemistry survey acquired jointly with BOLT, and the existing well and seismic data which includes a 3D seismic survey over a large portion of the peninsula. The integrated interpretation work has shown the presence of a significant number of undrilled oil and gas leads and prospects within the SWP which will be further studied prior to a decision to drill."
I back you up wanderlust51, I know nothing about oil, you do, and that's why I back you up. All the best (and to get rid of the previous thread title!)
Sorry stag, Just wanting rid of the previous thread title! All the best (and your right)
The channel between Venezuela and Trinidad is called,Columbus Channel,so that's where he got the name from,not the drilling rig,new discovery in the channel?
map
lgo still layed back on fence around 2 meanwhile oil up and down like a tarts nickers spooking markets lgo must be close to rerating
I could do with a few more players, on the bench obvs.... All the best (Gilly coming back in MrPlumper?)
Hi daza Yes Craig let me and pikey back in after a few emails
Hey Daza, You knew, Just waiting on Gilly! not be long...... All the best (good to have a gang back together!)
Hello plumpy They let you back in then?
Silver ..... Fox..... ooooh..... All the best (not guilty, and helping out now)
The field has been dormant for 25 years and has not been produced due to poor infrastructure. The field is in shallow water off the Caribbean twin-island nation’s southwest coast and is just 6 miles from Venezuela. It is thought to contain 43 million bbl of proved reserves. http://www.ogj.com/articles/2012/04/southwest-soldado-light-oil-gauged-offshore-trinidad.html
This will infuriate a lot of people, me mentioning this now, I emailed him on 7th October with this regard and his response back 'AIM investigations can only harm the value of the Company which you claim to want to protect'.... what are you hiding Neil? I will find out, you have been reported to the FCA by me for market abuse, time will tell.
Some of us remember what the judge said about him
Rug
Don't know why ****et is a banned word
That cut short the drivel