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bayfisherii

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bayfisherii

Re: Stay the Course post# 897

Wednesday, 05/10/2006 9:14:52 AM

Wednesday, May 10, 2006 9:14:52 AM

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SYNM has a primary ineterst in OML 113. This is an area about 12 miles offshore just south of the Benin-Nigeria demarcation line. In about 300 feet of water. This area also has potential. SYNM did a 3D-overlay Stack Migration analysis and concluded they had a very good chance of encountering hydrocarbons there. The first well found a zone of gas but not substantion amounts of oil. The SYNM conclusion is they drilled in the wrong spot (high side of the pay zone) and plan to re-drill as soon as they can get a rig.

For more info go to SYNM's web-site and do your own DD. But I assure you they are a player in off-shore Nigeria.

BayFisher

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