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kolubara

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23/05/16

20:35

Post #: 17845890
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Originally posted by AndyIgo ↑

Hi Vcubitt and all,

I spoke to a mate in the UK this week and he works in the oil and gas exploration industry he has a great deal of experience with marine and land based methods and he has worked all over the world. Strange this guy lives close to my (UK) home village but I met him many years ago in Dubai.

To cut a long story short he tells me for marine shallow to medium water depths the use of Ocean Bottom Seismographs and a combination of the latest 4D time-lapse survey certainly takes a great deal of the hit and miss out of the search for oil and gas. Apparently OBS and 3D is still relatively cost effective when combined and still gives good results.

So it would appear that even I was out of date talking about 3D technology, my mate says he is spending as much time on training courses to keep up to date with the industry changes than he is on survey boats these days.

One would think there would be local oil / gas consultant hungry for a feed these days to put together a survey plan to at least cover what is these days felt to be the PEP11 sweet spot. I’m sure most current shareholders in the DB group would prefer to see a few hundred thousand dollars spent on high tech exploration before going ahead with a $20-$30M drilling program.

As I only learned about this myself this week I thought I would share it with you please accept as information passed along in good faith and not advice of any kind.

Best of luck with it all.

Cheers and very best regards: Andy

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An older gent i happen to know would say: Mr Andy fables and balades are on the second floor, my grandson would say: granpa do not feed the troler

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