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12-11-2013, 11:00 AM
#12901
Member
Note pg 30, the well is not that deep at 3000m below seabed. Also elsewhere Anadarko is talking big gas target at possibly in excess of say 3-4X Maui. So probably not what the world is wanting in respect of Global warming, planetary survival (and deep ocean exploration), but there you are.
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12-11-2013, 12:01 PM
#12902
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12-11-2013, 12:07 PM
#12903
Member
Maybe I'm reading that wrong but it looks to me like he just bought 50,000 shares on market, he already had 11,992 and he already had 150,000 partly paid via the employee scheme.
Last edited by J R Ewing; 12-11-2013 at 12:09 PM.
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12-11-2013, 12:23 PM
#12904
Member
I'm no expert but that might just mean that it is time to top up?????? He certainly knows more than we do and that seems like a lot of money to just throw away unless he is feeling pretty confident about the future ?????
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12-11-2013, 12:29 PM
#12905
Member
For what it’s worth, after a lot of digging around these are my numbers for an F Sand discovery at Matuku: likelihood of structure 95-100%, reservoir 95-100%, seal 95-100%, source kitchen 95-100%, migration path 75%. Therefore COS [F Sand] is 0.66-0.75. The biggest doubt is whether hydrocarbon has passed through the North Cape Shale.
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12-11-2013, 12:45 PM
#12906
Member
That's a pretty high % compared with the often quoted 10% chance for these wells in Taranaki. Unfortunately the 10% figure seems to be in line with our recent drilling experience. Why are you figuring Matuku so much higher?
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12-11-2013, 01:08 PM
#12907
Originally Posted by hilskin
I'm no expert but that might just mean that it is time to top up?????? He certainly knows more than we do and that seems like a lot of money to just throw away unless he is feeling pretty confident about the future ?????
Pile into Rakon quickly then. Directors had been buying. They must know more than we do?
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12-11-2013, 02:16 PM
#12908
Member
JR - this well is surrounded by a ring of some 20 wells, each contributing varying pieces of information towards the Matuku story. That’s what my digging around was about and that’s where my numbers come from.
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12-11-2013, 02:20 PM
#12909
Member
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12-11-2013, 02:25 PM
#12910
Member
Thanks Spirit. I can recall a couple of disappointments close to the Tui field though. It's certainly time we had a success!
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