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clock Created with Sketch. 14/06/17
00:54
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Originally posted by db09striker
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It's been stated that this is the best shale reservoir in the world, that it's the best shale Basinski has seen. It has been described by management as 'amazing' and 'extraordinary'. Coming across a project like this has been described as a 1 in 10,15 year event by DW, PB, and SS. The words 'Tier 1 play' have been used when describing the reservoir. Management have more or less said with 100% confidence that the resource is below our feet, not only billions of barrels of oil estimated by both DeGolyer & MacNaughton and 88e/Burgandy, but oil in a volatile phase across our acreage, aka - the sweet spot. Ken Peters, and experts from Houston have agreed with the managements thinking. Basinski has been working on this project for 7 years, he was meant to be retired wasn't he?. It has been said that our reservoir can flow at high rates. Management have stated that the rocks in our reservoir are susceptible to fracture stimulation. We've bought much more land, we don't want to leave anything on the table. You will struggle to find a resource like this in the West - said Basinski.
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"...Either we are being truly mugged off here, and Basinski is playing a 7 year long joke, or we are at least 95% going to flow based on what has been said."
(20min delay)