OK while I am pondering these things... such as from BKP...

OK while I am pondering these things... such as from BKP report...

"Alongside the new seismic data that
has been closely analysed by Statoil’s
highly regarded technical teams, the
exploration risk for the 2014 drilling
program has been significantly reduced
by the 2012 Owen-3H well which
produced a 32m section of core that was
seen to “bleed” considerable amounts of
oil, and is located immediately to the
North of the anticipated drilling program
on Baraka’s EP-127"

barakaenergy.com.au/pdfs/2013-12-17-020506Baraka_-_The_Pick_Issue_12.pdf

Which begs the question that with that sort of evidence why isn't the SP much higher. I mean that is plain evidence that there is movable oil down there.

I think a VERY important question for Statoil is if there i any conventional oil in the area...as that means a heck more profit and cash flow for the project. To that end I personally I would be thus be very inclined to test the identified possible conventional oil at BKP's site. Which is I gather a much simpler thing to test than horizontal drilling.

Thus I would hope that part of their plans will include testing that or some other potential conventional oil resources identified (if any) buy their additional geo resources search.

I mean that would be more the holy grail would it not...to test that possibility along with the shale oil???