RRS 0.00% 0.1¢ range resources limited

Preempt, Agip/Eni always refused to forward any data to Range on...

  1. 1,269 Posts.
    Preempt, Agip/Eni always refused to forward any data to Range on the Darin Basin, although obviously some found its way into their hands.

    You need to look at the sayun masila basin in Yemen to understand the significant difference to the Nogal Basin geology and associated drilling conditions.

    http://www.searchanddiscovery.net/documents/2004/bambrick/index.htm

    Conoco had issues in drilling a number of their wells.

    I don't believe Agip had the same issues.

    So in reality Nogal has abundant Oil, mainly in the Jurassic zone.

    As for the Dharoor Valley, refer to the Sproule Report

    http://www.rangeresources.com.au/fileadmin/user_upload/research_Reports/Competent_Persons_Report___Sproule_International_Limited.pdf


    "As previously noted, there was insufficient data available for the Dharoor Valley Block to assess
    the potential within the Darin Basin. The size and proximity to the Nogal Basin suggest that it
    has had a similar geologic history and, as such, should have similar prospectivity to the Nogal
    Basin. Future exploration will be needed in order to assess this large area to determine its
    potential. Sproule also notes that it is reported that the Darin-1 well drilled by AGIP in the Darin
    Basin was an oil discovery. However, Sproule has not reviewed any data in relation to this well."

    So if you can put a size on it, then does this sound positive??

    AGIP in the Darin Basin was an oil discovery.......Darin 1!!

    No wonder those AOC investors were showing interest in the UK Crow, I think the Mega play is approaching at 15Km a day.
 
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