GOLD OIL, Oil Exploration in South America (Moderated)

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novice2006 - Sat, 16 Dec 06 :

Hi all good to see the BB back to normal, i have been a bit busy lately and been unable to keep up with this BB since the news on XXI.

What i did pick up on the BB was talk of re-entering the same hydrocarbons via a new well. However the RNS states that:

"The Verdun was then isolated from the Palaeozoic and perforated, but again
only the same highly saline water was produced."

To me this reads that water was found instead of hydrocarbons at both target depths. So the new technical data collected will be used to locate new hydro carbons at different locations withing this block.

Can someone clarify what the general concensus was on this BB regarding the hydrocarbons at XXI i.e. is it that only water was found or will they re-enter via a new well to get at the same hydrocarbons.

Thanks in advance Novice.


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