WGO warrego energy limited

stars aligning, page-5

  1. 1,726 Posts.
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    Rivermore ,

    I know that the Spanish project is conventional .

    The main stream media term "shale revolution" is misleading because it is not restricted to shale or even tight rocks .

    Perhaps it would be more accurate , particularly in Europe and Australia where there has been limited onshore E&P (with the exception of Australian CSG) talking about an onshore E&P revolution .

    I like the term Oilex use to describe themselves "a technology transfer company" .

    My point is that Martin Schuepbach was one of the first out of the blocks in Europe for this sort of technology transfer along with :-
    - BNK Petroleum (ASX:BKX)
    - Toreador taken over by Zaza
    - Realm since taken over by San Leon
    - 3Legs Resources
    - Canadian company Vermillion
    - Elixir Petroleum which unfortunately chose the wrong country

    Reprocessing logs to discover bypassed pay , using underbalanced drilling and less invasive muds , hydraulic fracturing and directional drilling are all examples applying advancements in technology .

    As the old oilmen used to say , the best place to find oil is where it's already been found .

    What percentage do you think Schuepbach/Petrel will insist on retaining for a farm in ? Reckon they will retain operatorship ?

    Is the farm in just due to finances or a to get a major in who can cut through the red and green tape and provide drilling expertise ?

 
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