Discovery Oil, Ltd.(fka DSCY)

[birdmanbob4]

What do you think of INFY ? ...10 Billion Barrels of Oil not just 3 Billion any longer! here is a recient conversation on Skype I had where I just realised it is now 10 Billion not 3......PS: 10 Billion Barrels has a certian ring to it...it just sounds better doesent it?...

Independent Analysis Of Seismic Data Suggests Infinity Energy Resources Offshore Nicaraguan Concessions Potentially Contain Over Three Billion Barrels Of Oil In Eocene Zones
December 6, 2009

INITIAL RESULTS FROM SEISMIC INTERPRETATION CONFIRMS PRESENCE OF NUMEROUS STRUCTURES WITH POTENTIAL FOR MULTIPLE PAY ZONES


COMPANY TO ATTEND NAPE EXPO IN HOUSTON FEBRUARY 11-12, 2010
[1:31:59 PM] Bob Nordberg: But in jan their puttin on their own show
[1:33:19 PM] Bob Nordberg: Analysis and interpretation of the seismic data was conducted by Brazilian-based Consultoria em Geologia Geofisica e Informatica do Petroleo LTDA ("CGGIP") and its senior geological consultant, Luciano Seixas Chagas, working in concert with Thompson & Knight Global Energy Services in Houston, Texas. (sun)
[1:34:06 PM] Bob Nordberg: Our consultants' preliminary analysis of the seismic data that we acquired from Fugro in September 2009 reveals the presence of at least three major structures beneath the relatively shallow waters of our offshore Nicaraguan concessions,"
[1:34:43 PM] Bob Nordberg: we expect to enter into discussions with interested parties beginning in January 2010."
[1:40:10 PM] Bob Nordberg: OH Sorry 10 Billion Barrels now not just 3 Billion Barrels
[1:40:16 PM] Bob Nordberg: While the geology beneath Infinity's offshore concessions is very complex from a structural and stratigraphic perspective and the reef system has never been drilled, we are building a credible model that suggests a greater potential for hydrocarbon resources than earlier anticipated," stated Renato Bertani, President of Thompson & Knight Global Energy Services LLC, who served as Infinity's interim Chief Operating Officer from May 2007 to February 2008. "To date, our preliminary analysis has identified four prospects covering a total of over 547 square miles and, working in concert with CGGIP, we have calculated that the potential oil resources present in the Eocene geologic zone alone could approach ten billion barrels, based upon our assumptions involving porosity, saturation, recovery and other parameters. This new estimate includes our earlier estimate of over three billion barrels for the prospects. While the 2-D seismic data does not allow us to identify or evaluate prospects in the deeper Cretaceous zone, we continue to believe that Cretaceous, as well as Eocene, hydrocarbons should be present within Infinity's concessions."
[1:40:50 PM] Bob Nordberg: http://www.prnewswire.com/news-releases/further-interpretation-of-seismic-data-expands-estimates-for-potential-oil-contained-in-infinity-energy-resources-offshore-nicaraguan-concessions-79887562.html
[1:42:05 PM] Bob Nordberg: we believe this report supports our long-held belief that Infinity's concessions have the potential for multiple world-class oil discoveries. Our next challenge is to partner with a larger company that has the resources to assist in the further exploration and development of the concessions, and we are preparing an informational presentation for use in discussing the Nicaraguan opportunity with potential strategic and/or financial partners. We currently expect to open a 'data room' in early January that will allow qualified prospective partners to review the seismic and other information that has been collected and analyzed, to date."