IF we are about to get RNS re- gas / oil, then it would not come...

IF we are about to get RNS re- gas / oil, then it would not come as a surprise to me. I am expecting a significant gas discovery?
So much has been written about Georgia that expectations are running high, but I am not anticipating to any degree the element of failure...IT is not a question of 'IF' but 'when' and how much?

Make up your own minds, is there oil, gas or both?

http://www.scandoil.com/moxie-bm2/news/range-resources-provides-georgian-helium-survey-re.shtml
When our poster friend said a little 'birdie' whispered in his ear, well, after all any one that has researched Georgia thoroughly could, with a fair chance of being right, say the same thing. A little birdie has not been whispering in my ear, yet, I presume it safe to say that widening the bore hole to maximum 17.5" and inserting casings/cementing in, then the crew are 'confident'.....that's all that matters at this stage!


Oil seeps are occurring all over Georgia. This article seems to confirm as I have already suggested in previous posts...that when oil seeps to the surface, it does so because there is a lot of it down there! OIL cannot form (as its source) close to the surface. The fact that previous oil production extracted oil from very shallow deposits for over 120years, and are still doing so also shows that the oil fields are being 'replenished' from far down into the triassic and cretaceous zones.
Previous drillings only scratched the surface, using old antiquated equipment...yet to this day, the oil has NEVER ran dry in over a century of shallow oil extraction!. Shallow oil reservoirs 'can' be filling from deeper reservoirs, assisted by natural gas pressures welling up from far below the triassic.
http://www.rense.com/general63/refil.htm

http://www.rangeresources.com.au/operations/georgia/
Very few of the approximately 200 wells were drilled with the specific objective of finding oil and gas reservoirs. Certain wells were drilled to relatively shallow depths, to further define structural features identified from surface geological mapping, and to assist in planning the location and design of water reservoirs. Deeper wells were drilled for the purpose of detailed identification of the stratigraphy of the area. Many of these wells found oil and gas shows, in which case they were shut in and abandoned without testing. Much of the work carried out by the technical staff of Strait has been to collate information from these diverse databases and to integrate the data into their own regional interpretation. Data reviewed includes seismic, gravity and magnetic, well, structural mapping and field analogues and reservoir data
An initial analysis of 24 areas identified 11 structures suitable for oil in place estimates and key targets for future drilling. Of these structures two are deeper than 2,500 meters and the rest are shallow features between 600 and 2,500 meters
Range has since updated this report - refer below
Seismic data has been processed and interpreted with the aim of identifying drill targets by late Q2 2010 / early Q3 2010 with drilling due to commence a minimum two well drilling program
In addition to the oil potential of the Blocks there are numerous prospective gas fields, which include highly prospective natural gas and coal bed methane targets. Of the 161 wells drilled for gas, 22 displayed potentially commercial flow rates. Early production could be attained by supplying the local city of Kutaisi (second biggest in Georgia) with a dedicated natural gas supply.