Member Info for AgeingGeo

Strange operator we have! Next door Exxon have drilled three wells on what could be a very large accumulation (o.k. heavy oil) but if they sanction a development our operator will not be able to prove how much of Hammerhead lies in our block without a well. In any case it may be connected to another Tertiary prospect in our acreage. Surely they need an early well to appraise and digest any information before unitisation takes place which can be a long drawn out process. Leaving money in the ground is never a clever idea!

In Gil's YouTube video today he alludes to the next drilling possibly being a re- entry to Jethro and a sidetrack into the Jethro channel which should increase the proven reserves substantially. Also although never mentioned anywhere as far as I believe Hammerhead is also heavish oil but this doesn't appear to be a problem for Exxons development proposals. On that subject Tullow needs a well in that area to start unitisation of this discovery ( possibly combined with a new exploration well in that area) Big problem is having Tullow as operator unlike Exxon next door who are going hell for leather to produce from their block. If it is high sulphur wasn't this noted in the cuttings and maybe the reason why Total brought in the Qataris while the well was still drilling. Big question for me and others I have spoken to is why was neither well not tested at the time and why has it taken so long to analyse the samples. Having said all that I think Macy is right and this drop is way overdone (even if the Cretaceous results from Repsols well next door are discouraging)

Daily Mail maintains that Australia will run out of fuel in 43 days due to import problems- why then don't they consider limited fracking in the NW Territories if not just for future energy security?

Move on please - nothing to see here!

Very annoying. I wanted to get a lot more at a knock down price!!

Agree- incredible news

Looks like COPL all over again - just hope they don't use 'proprietary AVO and can see the OWC!!!' then it should be ok. But just get rid of Namibia which was the smart move that COPL did- to be fair they were just unlucky in Liberia!!

Sorry! the purchase was made on the 22nd Dec from Dana - But still Delek must have some sort of master plan to make themselves into a significant International Oil Co.

Would be surprised if this share doesn't start moving when the markets reopen with Delek Group purchase on Xmas day! Someone in the Delek Group has 'their head screwed on the right way' i.e they made a screwed purchase of Ithaca at a low price possibly done the same here.

This share has done nothing since the failure in Kurdestan really. It's sitting on a dwindling cash pile and not doing any deals much at all. If ever there was a case of a 'new broom' this is one.