Star Phoenix Group Ltd (fka RGRLF)

[TONY THE TIGER UK]

More from sahara traveller....We are all learning...



Now, you all have to go to the AOI latest UBS presentation on the Puntland Dharoor Block slide where it has Seismic graphs. We will be analyzing the 2D labeled Line AOC-08-052. http://www.africaoilcorp.com/i/pdf/UBS-March-2012.pdf

1) Colored Lines Explanation: (Please look at the Shabeel fault where it looks like an inverted cone between two black vertical diverted lines). I mean the the one on the left, not the small ones.

There are four colored anticlines: Dark Blue, Light Blue, Dark green, and Light Green. These are considered as possible Traps as they are shales. You can also notice that they have a disconnected continuation to the other similar colored lines beyond the black verticals. This is because they have been faulted and anticlines or dome like have been created because of the pressure being squeezed from the bottom of that cone and from the sides. You can clearly see that there are no domes on the sides of the black lines, more like normal lines. Of courses between other black lines you can see a similar dome lines for same reason.
Hope you all understood this piece.

2) Turonian / Dark Blue Dome or anticline:
The Turonian formation is at 1500 meters deep (where the first horizontal line is). The really dark black and red lines just below the blue line. These are possible source rock (limestone, and other types of stones) but really condensed that make it hard for anything possible to penetrate through them. They have confirmed that they did not find any shows there whatsoever. Now, please don’t assume that all red and black lines are oil barring stones. It just shows the type of stones there.

3) Light Blue Line:
This cap/dome/anticline is just below the 1500 meter mark!!! I know you are saying it looks like 1600mark. Now look at the space between this line and the dark green line below or the L Cret Carb mark (2000). That is 400M. The nature of the colors between these two lines shows scattered red and black but connected lines (not thick though). This tells that the stones are not condensed and hence if there is HC they can flow because the stones or the source rock is porous and permeable.

4) L Cret Carb Mark:
That is about 2000M where the Qishn formation is. The section between this mark and the light green light has two interpretations: If you look at the left half of that section, you can see a condensed section which if oil barring this can be a reservoir. The second half is similar to the section we described above, more porous rock. If the dark green line above that was fractured flow can go upwards and spill to link with the 400M section.

5) MJ Uncf section:
This is below the light green line. The source rock is everywhere with no continuity but can still hold oil and gas. It looks very mixed and might not be easy to extract . But the good thing with this inverted cone is good pressure on the sides and closes at the bottom basement. I don’t think they anticipate much from this section unless there is enough pressure that will allow the distributed HC to migrate to the above sections (of course if the rocks are HC barring). They have said they are just going there for the heck of it.

6) Shabeel North:
Why are they drilling just beside that black vertical line? It is the continuation of the dome created in Shabeel. You can see that the lines in that wide section trends upwards all the way to the vertical line at shabeel creating all that pressure. The wide section going right horizontally about 40Kms, if HC proved in Shabeel, can be massive as most of it is not condensed stones and from the looks of it horizontal drilling can be enough from Shabeel North and the oil will flow. Hence they are going to drill it at the extreme left of that section.

Conclusion:
I think these guys know what they are doing and I hope they have got some logs from Yemen to compare the geology as they drill because that will confirm that Yemen blocks extend past the Gulf. They have drilled into Shabeel fist instead of the large section because it shows that there is more pressure and hence the potential of oil (if there) commercial flow would be higher.

I am happy to answer questions as time allows. Hope you enjoy the read and gives you insight for your future investments as well. I am sure you will be looking at other stocks.
Visit this image also as it gives good idea http://www.africaoilcorp.com/i/maps/Pun ... graphy.jpg. Be careful that is thickness in feet and not depth. So you have to add them up and convert to meters