RIFT OIL, Drilling for Oil in Papua New Guinea

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Hectorp - Thu, 21 Dec 06 :

Largish gas with condensate find is good fortune, they may easily have found zilch.
My 'glass is half full, but yours is half empty', fludde. ! The way I read it, why did they go to the length of drilling out where they did in the ist place? WHy Papua NG?
Probably because the infrastructure is coming along fast here, as recent newsflow has shown.

AND IF Rift has 4-5% condensate for example, it could be 7-8 Million BOE equiv. ( worth over 10p per Rift share in the ground). We know they have 'moderate' volumes of condensate. Thats largely in keeping with what I just posted.


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