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SHIZ: Good work. Thank you. Oiljob
A big steel floor (an interlocking foundation) with a ramp on one side and a hole in the middle. This is not rocket science. I'm sure our superintendent is familiar with all the possibilites. Oiljob
A barge by definition is used offshore... however the concept is correct. Steel foundations are manufactured that can be used set a foundation and distribute weight over a large area. They pin together, load easily on flat bed trucks, and relocate from site to site in less than a day. Put it on top of a compacted drill site and commence operations. Oiljob
Any large drill rig foundation is essentially just a bunch of steel boxes that pin together creating the drill platform which actually sits about 50' above ground.
The idea is right but dragging a barge around Belize would not be very friendly to the environment.
Cool ... the bid and ask should be moving up in tandem very quickly on this news .... or your shorting problem is bigger than we think and these guys have some kind of financial death wish.
The dinner bell is ringing. We are serving all the spuds you can eat. Oiljob
As I recall the last guy that drilled oil seeping property in Belize also built himslf a little clandestine refinery.
And, using satellite imagery, we can see the oil seeps offshore as well.
Great news Mr. Reid.... Thank you and all the boys for all their hard work.
P.S.: Stay out of the rain ... there is still a hurricane nearby.
P.S.S.: The rainy season ends in November, we should be able to compact our pads better in a month or two.
Rina's a CAT-2 now and blowing over a 100 mph.... we better hope she turns right to Mexico and not left to Belize. Time to take some precautionary measures at the drill site. Oiljob
This is what real news looks like.
The day's not over till the fat lady sings. TECO has a history of closing UP. I choose to be optimistic though the DOW is down over 130 points (the last I checked). Oiljob
P.S. I'd hate to be a naked short when the Treaty hits a gusher. It doesn't matter what the Dow is doing when that news hits.
It would be nice to see some REAL NEWS ... I bet that would rock everybody's world. Oiljob
P.S. AND A CURRENT PICTURE ... WE SHOULD BE DRILLING ... I'D LIKE TO SEE A PR.
I think it's the Chicago Bears versus the Chicago Bulls, the Bulls just iced the puck and I'll give the Bears a penalty kick in the morning. Oiljob
Football, Basketball, Hockey and Soccer... I know
If I had a crystal ball I'd be a better moderator's assistant. But I don't. Time will provide the answers to all our questions SOON. Oiljob
Long and Strong
If the commentary gets too personal my job is to start deleting... do me a favor ... CHILL. Oiljob
It's hard to believe nobody follows this Board. Sherritt is the #1 coal producer in Canada, they produce oil and energy in Cuba and they will be opening a large nickel and cobalt mine in Madagascar, the Ambatovy, this year.
When Fidel dies this is the best Cuban play out there. Oiljob
Scam might be a little harsh. We might just be witnessing a natural learning curve, when inexperienced people with big ideas and dreams actually try to implement those ideas in the real world. Only time will tell. Oiljob
P.S.: The last time I checked we are pumping oil everyday.
For those new to the Board, if you want a pretty good idea what our well might encounter, see my post #17046, describing the The Little Monkey Cay #1, a Monkey River delta off shore well. Close enough and totally cored. Oiljob
FMI: It might be a sticky contender .... lol
FMI ... good work on the sticky notes. As we enter into this more dynamic period our sticky notes should reflect the best of the Board each day. It's a little more work for you but provides the Board more relevant information. Thanks for all your hard work. Oiljob
Half a penny a day ... I'll take it.... that would put my stock over $1.50 wihin a year. Oiljob
We'd get there a lot faster with bullish production news out of Texas and those far-off, less-heard-of leases in Kansas.
"Logging" the materials coming up from the drilling site, can help identify the types of rock coming from and what we are drilling through. This occurs, usually by collecting the rock chips coming up with the "mud". the mud passes over a shaker screen, to remove all the debris coming up with the mud from depth. Geologists review this material and log the well, foot by foot. If we suddenly pas through a cap material and experience pressure the blowout preventer is meant to contain it. The next time we drill a well we might be better prepared are we approach the pressure zone, by being in tune with the rocls we previously encountered as we approached the cap.
I have no information at this point that we are attempting to recover oil form a carbonate debris flow breccia... indeed I would doubt it. We will be drilling through silicate based sedimentatary rocks from what I can see. Most of the carbonates (limestones and dolomites) are north of the Maya Mtns from what I can see.
It matters little. We are looking for any porous permeable rock that lies beneath some natural cap layer, probably salt in this area, containing commercial quantities of oil or gas. Oiljob
A carbonate debris flow "breccia" or a carbonate turbidity flow debris deposit is simply a submarine geologic formation created when the materials fall down the continential slope from the continential shelf above.
Nobody believed in submarine landslides until 1929 when a series of transcontinental cables were broken by a submarine debris flow in a very sequential order. The abyss is not quiet. These submarine landslides can move large distances creating immense debris or breccia fields, up to 600 kilometers in the case of the cable incident.
A number of off shore platforms were damaged by submarine debris flows during the Hurricane Camille incident of 1969.
Some believe many of these flows are triggered by gaseous hydrates which permeate the continental slopes; small crystals of water and carbon gas which "explode" do-to either disturbance (earthquake) or upon reaching some critical mass. whole sections of a slope can then begin to move, and once they reach the bottom of the bench or slope then accumulate and flow out over the abyss and create the breccia fields that can potentially hold oil and gas someday. Geologists look for these rocks because they are naturally porous and permeable. Oiljob
For those interested in offshore drilling in Belize... Touchstone has commenced drilling an offshore well today in Trinidad, according to Rigzone news:
"On September 27th, 2011 Touchstone spudded its first Offshore Exploration well in Trinidad. Operated by Sinopec International Petroleum Corporation's subsidiary SOOGL Antilles (Trinidad) Ltd., the well is being drilled in the East Brighton Sub-Area B using the Rowan Gorilla III jackup drilling rig. SOOGL East Brighton SE-1 is currently drilling ahead with a planned total depth of approximately 7,000 feet. Targeting light oil in the Nariva Formation the well has an anticipated drilling and completion time of 62 days. Touchstone has a 24.5% Working Interest in the well and the Corporation will be carried for all well costs through abandonment or testing."
They also report that the US has demanded to inspect the offshore Repsol rig to be used to drill the xpected elephnat off of Cuba.
So Belize can stand by and watch all their neighbors drill for oil offshore, or they can use this time to study the issue and compose a set of responsible offshore drilling regulations that balance the economic needs of Belize with its awesome environmental responbibility.
Just there, he must being going down for press conference and some inauguration ceremony. Lol
I'd recommend a local priest and shaman be involved .. For good pr. I've already given the entire first eight well drilling program the blessing of Israel ... So we don't need to invite any Druids. Oil job
I've been up north trying a case for the past week. I saw Reid's new suggestion re selling our drilling division. I don't know what his actual plan or recommendation is yet so I'll reserve judgement. I know we still need to drill out or own acreage.
If the new company can drill out our acreage and acquire equipment capable of performing a horizontal drilling program,; if the new company can provide drilling and fracking services, and if the deal is a one for one share swap or better, then I'd feel better about it. Oil job
FMI .. Great picture ... We must be spudding-in as I post this message ... Go Treaty. Oil job
And for a dollar a share I can fly to Kentucky and buy an aged barrel of Jack Daniels. Oil job
One of the first oil wells in Kentucky, The Great American Oil Well, hit at about 750 feet. It blew out all the rigging and gear and "gushed" for several days I believe.
In those days wells were drilled looking for brine. It was part of the salt industry. Then some guy figured out how to distill kerosene, the whale industry went bust, and the oil industry started making millionaires.
I was a little worried about drilling for oil at a mere 1500 feet, but it turns out there are numerous shallow oil fields all over the USA. Remember our Cenozoic sandstone is as much as 65 million years old, the subduction zone for the Caribbean plate is far to the south east over by Trinidad and Tabago, where numerous volcanoes mark the edge of that plate. We're in a pretty good spot, the geophysics look good, and non-commercial quantities of hydrocarbons were observed in the stratigraphy near shore just off the Monkey River delta.
We have real shot here. I like the virgin terrain. When we hit oil the world will hear about it, and many attitudes in Belize may change towards our industry. I am praying for a gusher, The Great Belizean Oil Well.
Oil job
I'm impressed by the rig design, we should have little problem selling them. Truly innovative. Oiljob
The soup has been simmering ... but it's time to bring it to a BOIL. Now where did I drop that rig contract.... still looking ... looking ... Man when I find it this meal is ready to serve. Oiljob
30 X 60 BOPD. It would appear we have (more than) doubled our initial Texas production so far, and continue to move steadily toward our stated goal (1000 BOPD). Oiljob. (Good work Mr. York)
P.S.: Which is why I continue to mention Kansas. If that deal "closed" we would instantaneously reach our goal, and Mr. Reid would be setting new production targets. I'm starting to think that what happens in Belize may affect the outcome of events in Kansas.
That was a great update on Texas and Belize. Thank you Mr. Reid. Oiljob.
The silence on the Kansas deal is still causing me some concern. It's time to create that new "field rep" position Mr. Reid, you cannot be everywhere at once. Send me an application. lol
P.S. Treaty does monitor this Board, they can (do) hear (us) when the natives (shareholders) get restless, and to Mr. Reid's credit he is usually very responsive.
I'm not worried about the dividend, I'm not worried about "Joe" and I'm not worried about Home Creek.
I'm worried about their rig contract, but I don't blame them for not saying anything until it is set is CONCRETE, in view of all the professional spin artists on this Board. Oiljob.
GIVE ME SOME NEWS: A new month is now here. Personally I'd like to see a definitive report on the curent production in Texas, a current report on our operations if any in Kansas, and a defintive "revised" drilling schedule for Belize.
I'm not worried but a prudent investor has a right to request periodic updates on the companies current performance. It's a matter of courtesy and professional repoire with the investors. Oiljob
P.S.: We don't want to be treated like the investors with BNE; have they even received their first dividend yet, of did they receive some pittance. I think we should expect more.
Wow, a quiet week. Maybe Gandy finally figured out it doesn't pay to release speculative information.
The next time we hear from him he will be telling us how much money he just crammed into the corporate bank account. Oiljob.
One can only hope.
Well that was disappointing, I truly expected to see some official news this week.
And if Blind is right, why isn't our crew already in Belize, the last I heard they were coming overland with the equipment via Mexico. Did something go wrong? Oiljob
Now, can somebody please find me a freeeeekkiiinnnn NICKEL. lol
Geo: Nice analysis. I remember long ago reading the log from the Monkey River well, it was mostly cored. If you can drill it you can core it, otherwise the hole is sloughing closed every time you remove the drill bit. Oiljob
But I didn't see a core barrel in the list of equipment either. It would need to be there or borrowed or on the way with the next shipment. The geologists will demand its presence eventually.
Your post is so good I'm gonna read that again.
This company needs to focus and achieve some synergy. Oiljob
If we need to drill and core 2500' feet of rock before this market gives me a nickel, THEN IT BETTER GIVE ME A DIME. Oiljob
Is our crew on the ground yet, with our equipment?
How long to open the hole, to dig the sump, set, weld and test the BOP, and commence regular drilling operations. See this stuff is exciting.
But still no news. I'm expecting some today, either from managment or from Amandala. Oiljob
Thre are several considerations on this well. First is the amount of overburden and or alluvium we are drilling through, next the depth to the bottom of any local water table, the amount of time to get a cementing crew out to seal our surface casing, and then the amount of "coreing" management wants to acquire on the first well to guide geologists with the rest of the drilling program.
If we core the well rather than drill the well it will take a little longer. Maybe three weeks. And, once again, I would think they would drill the first well far past our initial objective, to gain insight into the ground. Oiljob
It would be nice if we could spud-in on the same day in both Belize and Texas. Oiljob
Mr. York should give us an update on acquiring our drilling permits in Texas.