icharus, you raise some good points again.i assume that i wasnt...

icharus, you raise some good points again.

i assume that i wasnt the only person to miss the fact this was a limstone play, personally got wrapped up in the big numbers, failed to fully understand what we have here.

RFE is getting into this play at the right time, nice and early, acres going for peanuts at this point.

comparing the big river project with Ghawar is funny Icharus, from Wikipedia here
this field while being a carbonate play, is the biggest oil field in the world, with closely gaurded information held by the state run Saudi Aramco, at least the Eagle Ford shale is in the same country with easily accessable information re well perfomances and costs.

but you are correct, at this point a full blown comparison is perhaps being a little optimistic, at least until we have multiple wells operating with flow rates and EURs equivalent to what was announced.

re Sandridge planning to monetize some of these assets, with 500000 acres in this play and substantial debt, my guess would be to pay off some of the debt, they will try and unlock the value of the acres in this play by production then sell off the excess acres at greater prices.
only a guess at this point.

re being a diamond in the dust, that is probably a pretty good analogy, up to RFE to polish it.

look forward to your posts in the future Icharus, with possibly no news for a short time and nothing proved up, there will be plenty to speculate about.

gerkin02, had a look at Pym, slightly different, another ASX listed company with many less acres than RFE in this play is AOK, this news item here is probably one to keep an eye on, will be drilling in a similar area to the same formation.