This is the most promising well I ever heard. Before the...

This is the most promising well I ever heard.

Before the drilling of ROC. The company didn't intend to do an exploration drilling.
After the good data observed, the company will decide to go futher than 4943m

3750-4200m Minor hydrocarbon shows in good quality reservoir sands. There are a non-commercial quantities.

4200-4435m Presence of hydrocarbons and elevated gas reading. This proves a working petroleum system.

4435-4943m. 40m gross hydrocarbon bearing sands.
PORTIONS of total mud-gas in the current system equal to those observed across the reservoir zones in Phoenix South.

ROC is better than Phoenix in term of mud-gas. In other words. A proven condensates reservoir.

4943m - deeper. The company will decide after logging data evaluations.

Have anyone heard about AWE's Waisia field. A CONVENTIONAL gas system was found more than 4500m. There were 2 gas water table that proved a stack reservoir.

The top data available for on-shore drilling is 5000m

I don't know much about off-shore drilling. But the decision to drill deeper down is a smart move because they haven't found an oil/gas water table, just yet.

Regarding to the poo. I think the bank regulators are reviewing the Basel 3. They're observing the market reaction to work out an equalibrium between UST and GC collaterals.

At the moment the GC (general collateral) is more attractive than UST (US treasury)
GC is represented for oil/gold and others
UST is represented for USD

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