Ann: Triangle signs rig for Perth Basin well, page-59

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19/06/24

11:05

Post #: 74385882
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Originally posted by Luvlife ↑

Great discussion going on here and hope its winner diesel for you at TEG as I also still hold some GAS but still scratching my head continually.
Yes Mitsui/Beach looks and watches with interest at the drills closely, , we get hits and I doubt that big rig will be going far because they have also some sites they would like to drill on the border.
Chompity Chomp for sure amigos.
Can you imagine the call to CT and Mike (ex Mitsui) if we hit sweet from Mitsui/Beach who we incidentally rented the Big Rig from, ahhh lads we need to talk and the Big Rig is just heading down the road a little bit now.
But what about NZOG the true dark sheep.
As was posted here previously they are moving to ASX about now to enable better trading conditions and hunger for more resource to ad to their growing portfolio. Most of it all in Aust now. They want to be a larger player for sure.
With 25% already, serious cashflow at hand , very well run Co and backing from very big players.
We get a hit/hits on first drill and NZOG, or AUSHOG more than likely now will want to feast like a big Hog I reckon.
Fair comment is does the gas reach our permits that far North in our permits in PB.
3D tells us where the decent structures are, only one way to find out.
Many seem to forget that our area has produced plenty of oil before in past, its not total wildcat, now we go real deep with a decent rig and crew to get the deep gas, I hope.
I really like our chances, but still comes with the risk no doubt.
DYOR
GO TEG

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Fair comment is does the gas reach our permits that far North in our permits in PB.

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I'd say there's a fair chance as 3D must be showing something but porosity-permeability would be the big question mark.

Not long to go and all will be revealed at Booth.

ps; amongst the SE 2-3 disappointment for Strike i read a theory that gas probably migrated through there on it's way north and Booth sits right in that pathway and right on the NW boundary of the prolific Dandaragan Trough but in a much more oil prone part of it....see MIN's LD-1 which was the best penetration of the Kingia so far in the PB which also found oil and is very close to Booth but a bit deeper.

Last edited by Second: Yesterday, 11:06

TEG Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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