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Don’t believe AP is behind that, as CEO he has duty of care to protect SP and shareholders ( yes I know laughable on AIM) however if it were proven he was a part of a consortia looking for a low ball TO of Chariot and it was in that consortia’s best interest to drive SP down to enable this, then he would have a class lawsuit on him pretty quickly I would imagine.
I would like to think we are actively working SJ ops , or even nearly ready to commence. However precedence clearly has been set by our BOD, that for ALL forthcoming well operations, RNSs were released some weeks prior , giving estimated commencement date , overview of scopes and estimated length of operations etc. unless I have missed something, I can see no RNS advising this, so unless we receive one today, advising us, or imminently ( next week or so ) or they have decided to commence ops [ which are material sensitive news imo ) without an RNS, I would opine we are not anywhere near commencement of SJ ops. Would like to be proved wrong… strong buy .
Hi @jimmy, what is your view of how many successfully flow tested wells with high rates of hydro carbon flow would be needed to actually prove up a 160km long x 50km wide structure as containing fully connected flowing HC reservoirs that could be classified as a potential supergiant producing field. ? I’m not an expert , would like your opinion if you could be so kind.
Many thanks ..
Well tbh, to even mention a SG structure in same sentence as Our Guercif, I would safely say at least as a minimum, 30 drills and 30 lots of testing all positive and all interspersed to prove up a giant onshore fully connect structure . . ….if you think 1 x 11% GCOS exploration drill into the Jurassic formation and a sand jet test in upper formations proves up a SG , think again….
Just come on !
The Elephant of All Elephants Saudi Arabia's Ghawar FieldJanuary 2005 Louise S. Durham, Explorer Correspondent
Among the many prolific oil fields in the Middle East, the giant Ghawar field in Saudi Arabia stands out as the crown jewel.
Discovered in 1948, Ghawar is the world's biggest oil field, stretching 174 miles in length and 16 miles across to encompass 1.3 million acres.
Current estimates, according to the numerous published articles and reports on Ghawar, tag cumulative oil production from this geological giant at 55 billion barrels, and the field just keeps going gangbusters. Average production for the last 10 years has held essentially steady at five million barrels per day.
Hi Lance Geo,
I have obviously missed this, could you post link to it please , many thanks ..
“And recently we’ve just completed an analysis of what could be generated in our area here of about 100km2 where we think all the potential lies, and that comes out as 7Tcf.”
As I said the only similarity unless firm evidence is provided , between Ghawar and Guercif. , is they both begin with G and are both 6 letter words.. Does anyone with half an ounce of brain matter honestly think if there was the remotest possibility of a new super super giant in Guercif, Majors and supers would have bitten the hand off here years ago to buy into it or buy it out. I rate us strong buy for decent chance of some commercial gas ,however I have a 0% expectation it will not even come to 0.25% of the proven reserves of Ghawar ….however that is still very big for a minnow like us….All talk of Comparisons to Ghawar with what is currently factual known is bordering outright lunacy ….. I mean GRH does not even refer to a modest supergiant, no he refers to the granddaddy grand Poobah king pin of them all ! Totally comical.
What timeframes do we feel, SJ commencing within 4 days as per prominent posters here , so that’s in the bag, what about Ireland and T&T,when do we feel these will come to fruition guys ?
Strong buy here !
@tritoretire, I hope that is as slightly concerned shareholder , because if you make any other personal insinuations or accusations about me, I will demand a full apology from you , or I will have to consult my lawyers , who have worked for me since I needed them to quash a parking ticket at Asda for saying I stayed 10 minutes longer than the permitted 3 hours…. That’s the way it is I’m afraid ….
@tritoretire , Why don’t you get your lawyers on to me if I dont follow your posting rules of where I should be posting and how many posts, I can make on the companies I hold shares in . …. Have you had yours for 40 years as well ?
This is turning into pure comedy gold.. I suspect imo that someone’s next muttering here will be advising all that his legal team have been informed ! ( must be about the 20th time in 2 years i believe) ha ha…
Meanwhile as per a very prominent poster here , we should have SJ ops commencing in next 5 days or so..i cannot personally wait.. its been a long time.. bring it on… strong buy !
Change that, to when someone who pops up on here and ask some questions about the near lunacy of the hyper ramping statements being posted …. as a shareholder here i will post how i like so follow i follow the posting rules, which i believe i do. Thankyou..