It's GAME ON this week IMHO
Just a reminder of why we are STILL HERE
GOOGLE SNIPPETS from historical posts
http://www.aussiestockforums.com/forums/showthread.php?t=15376&page=1
The test(MB1) well will drill through the Oligocene target sands between 14,000 ft and 16,000 ft where it is expected to encounter reservoir pressure in the order of 11,000 psi.
The Amazon prospect is a large scale, hanging wall fold with nearly 2,000 acres in fault dependent closure including a 400 acre faulted four way closure. The prospective reservoir interval is Oligocene sands which appear seismically very thick. Amazon has good AVO and Fluid Factor support.
# Amazon has estimated gross recoverable reserve potential of 350 to 500 billion cubic feet of natural gas and 35 to 50 million barrels of oil.
and
Amazon is estimated to be capable of holding 45 mmbbls of oil/condensate plus 450 Bcf of gas if hydrocarbons are present and discovery at this level would be worth 9 cps to Transerv for its 5% interest, while Quest would see a 20 cps uplift for its retained 15% and Tango would also have strong leverage of $1.81 per share for its 17.5% in the project.
And then there is THAMES and SUMATRA
BRING IT ON
CHEERS
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