NZ Oil & Gas (NZO)

[ziggy415]

Yes Banksie have done research but many years ago when I had a small holding,black dog comment was tongue in cheek but others cautions are always welcome,cheers

hang fire....i,ll check with balance and get back to ya

[ziggy415]

hang fire....i,ll check with balance and get back to ya

Balance says "fill ya boots boris"...best investment eva

[fabs]

Just a thought but if the JV,s must be somewhat confident that the oil is there and is economic with the drill now having troubles would be abandoned.[/QUOTE]

Yeah right,
would probably cost them just as much in compensation to the contractor as would going ahead with it.
The S/Hs of AWE are not impressed.
But as always lets hope they are all wrong.
CHEERS

[Billy Boy]

Well heard BB . I was chuckling too.

Just a thought but if the JV,s must be somewhat confident that the oil is there and is economic with the drill now having troubles would be abandoned.

Yep could well be an elevation of Tui (guessing of course). But there again you can betcha boots
they would have tested the hydrocarbon shows to see if they match.

Looking good for ÖI
BB

[ziggy415]

A stuck drill string can be caused by many situations.

• Packing-off due to cuttings settling back into the wellbore when circulation is stopped.
• Differentially when there is a large difference between formation pressure and wellbore pressure. The drill string is pushed against one side of the well bore. The force required to pull the string along the wellbore in this occurrence is a function of the total contact surface area, the pressure difference and the friction factor.
• Keyhole sticking occurs mechanically as a result of pulling up into doglegs when tripping.
• Adhesion due to not moving it for a significant amount of time.

Once the tubular member is stuck, there are many techniques used to extract the pipe. The tools and expertise are normally supplied by an oilfield service company. Two popular tools and techniques are the oilfield jar and the surface resonant vibrator. Below is a history of these tools along with how they operate.
Lets hope its the second point.....formation pressure sounds good

[Joshuatree]

Thanks ziggy ; my own personal resonance indicator is" picking up good vibrations" but i would say that

[Sayce]

In my opinion once a drill has reached the zone of interest then nog or the operator should issue daily progress reports

[ziggy415]

In my opinion once a drill has reached the zone of interest then nog or the operator should issue daily progress reports

just watch buy/sell quotes....just before the stuck string announcement the sells appeared however i now see the buys are starting to appear so expect an announcement shortly saying drill is moving again

[ziggy415]

just watch buy/sell quotes....just before the stuck string announcement the sells appeared however i now see the buys are starting to appear so expect an announcement shortly saying drill is moving again

oops right with announcement just wrong with topic....no insider trading but some one always knows before the rest of us plebs

[digger]

oops right with announcement just wrong with topic....no insider trading but some one always knows before the rest of us plebs

Ziggy415, did you read the genesis energy
share float where NZO pointed out on there release today. IT shows a big increase in gas sales by 2015 ,so anyone reading that could then see a lift for NZO as we have 15% of the KUPE field,which is where the gas is coming from.
In fact I hoped others would read it to back up what I have said or rubbish it as I have read it wrong.
So I do not see any insider trading here.