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also caught this "prominent stacked seismic amplitude anomalies". Prominent sounds like a very sizable find to me.
Yea, it was the size of a TRex thigh bone!
Then why are you still posting?
I did not see one mention of the blocks all having found just gas! Why didn't he mention that as well? Doesn't he think that the investors will look us up and see the big drop we just had and wonder why? He is trying to tell them that there are great prospects for oil and gas and what they found in our blocks is interesting (implying there is enough oil and gas there to make it vital to US interests to align with us) while telling us, the stockholders, that only biogenic gas was found, but they will take the next 6 months to analyse its contents etc. This burns me up.
also makes you wonder what the size of sands were that they found the gas in our blocks. If they found 550 ft per sand and 8 sands had gas in Bomu than we have hit the jackpot! Not to mention the sands in the other blocks.
also on Bomu they found gas in 8 of 13 sands. What is in the other 5 sands? More disinformation.
Why? The officers need to be held accountable for what they say (especially in a public forum where they are promoting the company). To get caught in flat out lie when it is on video is astounding to say the least. The management have alienated themselves because of their actions and misstatements. Fortunately we have very astute board members that make sure they are accounted for. Still, with all the constant vigilance of the board members we are still in a fog as to what our companies value is. If they would be proactive in clarifying their statements then we would have not need to scrutinize every word they say and try to derive their meaning.
If all they found was biogenic gas then why request an additional 6 months to analyze it? DK is also doing the side step when he said there was methane mixed with biogenic in 2 and 4 and biogenic in 3 but then turns around and says just biogenic in all blocks were found. He is turning out to be as big a liar as Bovel! They can't seem to keep their stories together. Would love to see them in court under oath! Especially Bovell trying to explain his lie when the tape is played! LOL
somebody had a nose to the drill bit and determined it was methane. Bet ya that one or most of the other workers around the bit had beans for dinner the night before! JMHO of course.
This if further proof that Nigeria will squeeze every Naira they can out of their oil properties (including JDZ). I think we will see that they will make sure any suitors will pay top dollar for any portion of any property. I believe SEO is well versed in the machinations of the government and will make sure he will get what he wants (and hopefully we will follow suit).
What official announcement from Sinopec have you seen that makes you doubt your original DD? The only thing we have seen is smoke and mirrors by our management and resident southsayers. I will wait for the official announcement of the findings and if they are going to continue with Phase II. There is $ Billion at stake here and disinformation is the name of the game apparently.
They can keep the dinosaurs and whales. We will take the mamouths and elephants! LOL
Didn't you already sell your shares? If not you need to and asap! Why bother posting on the board and holding this stock if you do not believe in your DD? I believe in mine.
I caught it and thought the same thing but just let you have all the glory! LOL Disinformation and smoke screens abound in this stock. I think they know there is a boatload of oil and gas in all the blocks and are keeping the lid on it until they can find an angle to their advantage. We have to not only look at what they are saying but also what they are not saying! Too bad. The liplock they have on this sucker speaks volumes. Just have to use ultrasonic listening device to hear it! LOL
count me in as well. If ever a ban was justified this is the one.
Mark, I am truly saddened to hear of Mike's passing. We will keep you in our prayers.
S2R family
lets walk down another lane, you have posted 949 predictions and have been found lacking substance,accuracy, and clarity.
Here's another one Red. Man they are lining up. God, I hope you have a cold or allergies! LOL
Red, here is another candidate for your nose sucking session. Better get stocked up on tissues!
we got $40 million for just 10 to 20 percent. We have 100% on two blocks so the question is "What can we get if we farm out say 60% of each block?
would the additional 175 million shares authorized be considered new shares?
It looks like it takes 6-7 months start to finish. Wonder which month we are in? They have been talking about this for awhile (white board). Will they wait for results in Sept. to get this started? What if they get this started now and the Chinese decide in Sept. that the wells currently drilled are not commercial? What if they decide to continue to Phase II but stonewall the drilling until the last minute just to keep the blocks? Just wondering. I would love to see the move to AIM now as in Yesterday so we can see this sucker go back up. Tired of the basement.
ROFLMAO! BAWAHAAAAAAAAAAAAAAA. BOOYA
good points. Thanks, S2R
Krom you are showing a 7 hour difference instead of 5 hours
Not true. We have Nick to guide us and he is an expert on "wet and dry gas!".
If there is only gas in the blocks then why would Total want to enter the zone? Why would Saudi Arabia want to invest $5 Billion dollars in STP infrastructure? Why would they need 6 more months to analysis GAS! Are the Chinese in discussions with Total to take advantage of the Akpo infrastructure? Why would STP want to put in a deepwater port just for GAS? Games afoot I believe.
Sure is taking a long time for someone to post from the meeting. Wonder if it is still going on? Did everyone forget their laptop?
krom you are giving me a headache! LOL. Flash-backs from college statistics class. Yikes.....
I may be on foot and barefoot to boot!
I sure hope it wasn't chunky soup! Tough to get those suckers out if stuck in the back of the nose!
I guess with all the cheek clinching days from the alphabet soup gang inquisitions the management has decided not to do anything that may raise a red flag. Can't say as I blame them in that respect. Maybe with PN having a law degree he is taking the ultra conservative route. Man I hate waiting!
Didn't Oando get controlling interest in EEL? I do not know if Oando can afford to take us on as well.
I think you may want to rephrase that! LOL. You are saying the same thing twice.
Already painfully aware of that! LOL
You may as well give us since they have obviously put a cone of silence on this puppy. SNP must really have ERHE by the jahones (with a death grip to boot). IMHO of course.
kill joy!
Krom, you've been hitting that Romulin ale a little hard lately. Better ease off as you will go into stasis without the help of the homeo thingy!
May 13, 2010, 9:54am
If you figure there is probably 16 billion bbls (at least) in the three blocks and oil will probably be $100 a barrel by the time it is in production you are looking at $1.6 TRILLION dollars with a production cost of $100 billion. Not a bad deal! Remember PN stated in the Dubai conference that there is $2 Trillion dollars in the JDZ and we have 12% of it! Now things are starting to come together. No wonder SEO does not want to sell yet. Full carry, does not have to sell and still 7 more blocks to drill (two being 100% owned). Mind boggling to say the least. Those that can hold on will be very happy some day. Not a pumper but a very weary believer!