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Equator Exploration - W. African Oil / Gas Giant in the Making (moderated)

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machoolahan - Sun, 10 Dec 06 :

Och it would be a bloody relief O, wonder if the Navy would lend me a sub to make sure :)

Got some PCI yep - nothing huge, but am hopeful there. LPG options for EEL haven't been discussed much - quite a few companies where this is a consideration e.g. FEP. Could be an extremely good fuel for the future if it can be handled in this way, these days. Seem to be quite a few monster undersea gas fields around, but nowhere near any infrastructure.

48m higher refered to the C1 sands - so it might mean more gas, but no oil in this level. Still - there might be a lot of gas down there, above and below the current oil find - we don't know.

The 8m oil bearing column in the D2 result might mean that C2 is considerably bigger than thought though, or it might not - waiting for that report.

Can't help feeling the way the D2 result was slow in coming and then had nothing to report on C1 was a bit suss. EEL were presenting in Dubai to attract new investors between D2 and D3 remember. All "allegedly" in the best Have I Got News For You sense.

Weird one this - will stay watching in appalled fascination - further down the line may even dabble again. For now I wish to keep my remaining hair though (i.e. singular).


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