This is nothing startling but it does add to the overall picture surrounding Dongfang. Maybe this is why CNOOC was rattling the can last year over territorial matters?
This is from their Q3 report, light on detail I know but this is socialism and I do not have any contacts in China!!
I guess all those 2D seismic reports from the Salinas days are paying off big time.
All the indicators are pointing to a higher probability of success on 105. When the broker reports are updated the market will run on Nen given the derisking that has taken place and now the added expertise of ENI. Success at 105 will change Nen and I would think KC will go back into Paloma alone and buy in the expertise as the shale represents as a huge resource and what is an emerging market.
CNOOC LIMITED ??????????
2012 Third Quarter Review
Financial and Operating Highlights for the Quarter Ended September 30, 2012
Successful appraisal of Dongfang 13-2 • Discovered in 1H 2012
• DF13-2-3 encountered gas pay zones of 40.2 meters DF13-2-4 encountered gas pay zones of 18.3 meters Enlarge the reserve scale of this area and good prospect for future exploration • DF13-2 proved to be a large-size discovery
NEN Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
