Zebedee is an Oil Discovery Chris Oil Calls it Again In The Falklands

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This is a brief article today going into Easter. However this morning the RNS came out that Zebedee well based in the North Falkland Basin found 23.5m net pay of oil regarding  the 52% cos zone and 18.5m gas in the Hector Zone.  Estimate 50m gross  plus 20m gross. So my geo viewpoint was correct. Chris Oil called it right again over the doom mongers

Both (LSE:RKH) Rockhopper Exploration and (LSE:FOGL) Falkland Oil climbed on the results. However as highlighted Falkland Oil slumped mainly due to rumors of city issue needed for fifth well. I called correctly to get out at 38p. See previous ADVFN Falkland articles by clicking on my author name.

Furthermore i suggested a  scale back in (LSE:RKH) Rockhopper Exploration was a wise choice looking at the share price. This is where the journey ends for me in the Falklands as i do not believe in the next geo of Isoble well based miles apart from Sea Lion complex with no proven oil source kitchen and proven Desire Petroleum failed wells in the area.  Although i will keep an eye out for 50% cos Chatham SL20 fan later in the year.

My thoughts are moving over to (LSE:IAE) Ithaca Energy as proven by a great call by Chris Oil on the back of the full year results and flow test to come in April. On oil front Iran sanctions Reuters believe will not be lifted until 2016 even if its a success,  so its a long positive road back up in oil prices and Ithaca is the leveraged play for £1.95 June 2016.

I wish my readers a happy Easter break and see you at the UK Investor Show  on April 18th.

I proved the doom mongers wrong again when it comes to oil there is ONLY ONE Chris Oil Blog. Do not forget to listen into ADVFN Justin Waite show today Thursday 2nd April Falklands, Ithaca and Iran.

If your interested get signed up to advfn giving you access to excellent data and level 2 by registering below and interesting oil companies.

Until the next time more ramblings from the castle can be seen @ chrisoil








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