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19-01-2009, 02:09 PM
#511
zeus is spudded. how apt the name. if ever we needed the help of the gods, this is it. fingers crossed everyone.
-j
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19-01-2009, 02:27 PM
#512
Member
Very interesting day for CUE, sp been up and down, relatively decent volume. Help of the gods indeed hopefully the faith is rewarded.
Last edited by Dusty; 19-01-2009 at 03:25 PM.
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20-01-2009, 04:02 PM
#513
Member
Zeus drilling ahead of schedule today at 1,020m in 17-1/2" hole towards next planned casing point 1,885m, released along with announcement was a chart with drilling schedule for next 25days and actual schedule. I cant figure out how to copy the chart over here because of the security maybe someone else who isn't such a newb can.
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20-01-2009, 04:58 PM
#514
Member
In this market, with CUE at 14c, they're already pricing in a discovery lol
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21-01-2009, 01:09 AM
#515
Good luck all holders. This could be very big for you.
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21-01-2009, 11:29 AM
#516
it sure could, bermuda, but as we know all too well, the chances of success are much lower than the chances of failure. all we can do is hope for the best, and that PoO doesn't drop further - that's of much greater concern this year.
-j
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22-01-2009, 06:47 PM
#517
I would have thought that The horizontal section of the first development well at Maari would have been completed by now.....
surely it must be real close...
on Dec 5th ann conductor casing placements had been completed on 9 sections...(with one spare location)...conductor casing to eliminate near surface caving in...
then batch drilling of the first 3 wells then began and was completed with casing to a depth of 900m which was completed on dec 24th...
on 29th dec it was announced that the first development well was drilled to 1532m (dated 28th), with 468m more to go until horizontal drilling of Moki Formation... and then horizontal drilling to commence for 1600m through the oil column...
then completion, equipped for production, and turned to the FPSO...
very recent reports still suggest early Feb 1st production from first development well..... then ramping up as each development well is completed...
so it has been 24 days since last ann...
we are due an update...anyone heard anything official...?
full production in August... so abit of time for oil prices to spin some magic...
Also, sometime next week we should hear on primary section of Zeus well...
not much of a BESBS play forming on CUE...
.^sc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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22-01-2009, 07:31 PM
#518
Member
 Originally Posted by Shrewd Crude
not much of a BESBS play forming on CUE...
.^sc
You really have to wonder what will happen should Zeus be dry. MEO will basically halve in SP (or even less than that) but what about CUE?
There doesn't really seem to be much potential for BOBN for this well built into the SP or what?
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22-01-2009, 08:52 PM
#519
Member
hurry up pay day, six days away, this one is on my watch ,list with seven others.
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22-01-2009, 09:49 PM
#520
Member
Originally Posted by KentBrockman
You really have to wonder what will happen should Zeus be dry. MEO will basically halve in SP (or even less than that)
Should Zeus be dry this will be a disaster for MEO because unlike CUE who have Maari, PNG etc Zeus is it for MEO. CUE will not be spared though however bad news is exaggerated in this market and SP will take a hit especially with the continuing pressure of sub 40 Poo
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