still no news

Its almost a month since the GSP Jupiter made its departure.
Many of us probably said "good ridance" after what in money spent terms was the disaster of the year perhaps anywhere in the world for 1 well??
Am I exaggerating?

BUT at least the end conclusion perhaps is well worth it now.
Apparently HAMMAMET WEST 3 has more than heaps of oil.
Small reminder from COE presentation notes 24th Oct 2013.

openbriefing.com
Results reported from the well to date have included clean-up flow rates averaging 1,290 barrels per day for 1.5 hours and numerous oil and gas shows while drilling.
And that was in probability with lots of mud muck blocking the test equipment.
But apparently the oil shows are at least more than super encouraging to the 3 partners.

anyways worth recalling the COE feedback at that date and in all probability they should have some other rig in mind by now? planned to come in ?

Anyways some more important feedback could be available soon according to Executive Director Hector Gordon (OpenBrief)

"The results certainly have a profound implication for our assessment of the Hammamet West accumulation in that we have essentially proven the presence of open hydrocarbon bearing fractures. There is still some uncertainty of whether the hydrocarbons are primarily gas or oil and at what rate they will flow and that’s the reason for proceeding with the testing, but we’ve de-risked the prospect significantly.

With respect to the Hammamet West discovery itself, we’ve added substantial value. Pre-drill we were estimating that the structure had the potential ranging from 10 million barrels to more than 100 million recoverable barrels of oil. Our carefully considered view is that Hammamet West has potential to be that big and this well has taken a big step towards proving that. It’s also demonstrated the necessity of drilling horizontal wells when exploring this play. Horizontal drilling as an exploration tool hasn’t been used in the Bargou permit prior to Hammamet West-3.

There are a number of prospects based on the same or similar play that we have now proven at Hammamet West and these will now be very attractive exploration targets for the future.

We are now analysing the results we have obtained from Hammamet West-3 to date, including the interrupted production test, and expect to release more information on the resources and impact on other prospects in our Tunisia portfolio before the end of this year."

At least they also added at least another 40 metres of ABIOD formation depth to their results.So the oil column is in all probably more than 240 metres of oil, keeping in mind that for now they are only interested in entering fractures at the TOP that of this mammouth structure that has a closure of about 15 sq km.

So for now what are we waiting for....... GOOD NEWS of sorts. Its been almost a month now.