I believe that soon the reasons for kicking Dk around will be a moot point. The results of the updated report on reserves has been known for over a year. The update showed more reserves than the orginal. Why would anyone doubt that? why else would any company go to the expense of an update if it was not expected to show an increase?
Probably the most significant thing that has happened SO FAR this year was the Bovill statement at the London Enercom conference.
1] He did NOT say "what we know is that there is a hydrocarbon kitchen down there."
hydrocarbon kitchen definition: source Schlumberger
An area of the subsurface where source rock has reached appropriate conditions of pressure and temperature to generate hydrocarbons; also known as source kitchen, oil kitchen or gas kitchen
2] He DID say "what we know is that there is a petroleum system down there."
petroleum system definition: source Schlumberger
petroleum system
Geologic components and processes necessary to generate and store hydrocarbons, including a mature source rock, migration pathway, reservoir rock, trap and seal. Appropriate relative timing of formation of these elements and the processes of generation, migration and accumulation are necessary for hydrocarbons to accumulate and be preserved. The components and critical timing relationships of a petroleum system can be displayed in a chart that shows geologic time along the horizontal axis and the petroleum system elements along the vertical axis. Exploration plays and prospects are typically developed in basins or regions in which a complete petroleum system has some likelihood of existing.
So sounds like they know there is a likelihood of the existence of a complete petroleum system worth exploring. It is probably at deeper depth or south of where the wells were drilled.
Maybe Bovill was trying to tell us something and we have not LISTENED.
TOTAL will figure all this out and make a big field out of the JDZ blocks,imo. umbra may just be surprised.
Still feel very positive news coming soon.
Anyone reading this please post for me on the other board. Thanks.
Edited.... Doc i read your post about hard earned money. DK a couple of years ago claimed to own 100,000 shares.
