Hi Kolubara and all,
Sorry mate I don’t use any 1960’s note book; however, maybe you are getting confused with Mr David Breeze and his 30 year out of date technology.
Seeing how you asked for my help I’m more than happy to oblige.
Just out of interest do you think it would be worthwhile spending a few hundred thousand dollars on some high quality latest technology 3 D surveys before you lay out another $20 M on another duster?
Maybe it’s just this combination of Yorkshire and Scottish blood in me that feels anything to avoid or certainly minimize another dry hole would be worthwhile. Of course all this relies on the notion that there is a real desire to find oil and gas and not just maintain a decent level of CEO life style!
“The most sophisticated seismic surveys are three-dimensional (3-D). The recorded data is processed by computer and the results are a detailed, 3-D picture of the formations and structures below the surface. The process is expensive, on the order of $30,000 per mile (Satterwhite, pers comm). But drilling a well can cost multiple millions of dollars, so time and money spent on accurate seismic surveys can be a good investment since it helps locate prospects and minimize dry holes.”
http://dnr.louisiana.gov/assets/TAD/education/BGBB/5/techniques.html
To be fair as I’m no longer a shareholder in BUY I guess it’s up to you guy’s how you decide to spend your investment dollars.
However; if you have money to throw away like that have you any interest in buying some 5,314,626 shares in Molecular Discovery Systems Limited I’ll let you have them for 5 cents each. Apparently they are just now on the precipice of the brink of bringing great wealth to the new owner. Mind you they have been on this same brink of success since I was issued them back in January 2010.
Something you may wish to keep in mind to understand Mr. David Breeze’s concept of fast tracking a project!
Cheers and very best regards: Andy
- Forums
- ASX - By Stock
- BUY
- Ann: Advent Energy PEP 11 - Ocean Bottom Seismographs
Ann: Advent Energy PEP 11 - Ocean Bottom Seismographs, page-8
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUY (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.994M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $8 | 2.073K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2976574 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 10487524 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 2976574 | 0.004 |
34 | 33119825 | 0.003 |
14 | 24630111 | 0.002 |
5 | 7900000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 10487524 | 15 |
0.006 | 5362131 | 11 |
0.007 | 2217001 | 6 |
0.008 | 1300000 | 2 |
0.009 | 1293820 | 5 |
Last trade - 09.59am 26/08/2024 (20 minute delay) ? |
Featured News
BUY (ASX) Chart |