GREY:BEEHF - Post by User
Comment by
horizontalfracon Feb 17, 2013 4:16pm
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Post# 21003211
RE: They found shale deposits in previous wells !
RE: They found shale deposits in previous wells !Your statments are wrong you need your own spoon. The guvenir #1 and the giremir #1 wells i assume are the ones your talking about (germain? wells). The guvernir nr sept 26 said no shale and trace hydrcabons in a newer formation that has not produced and is a total of 2 meters thick earth shaking news, there are no plans to frac this well. The Giremir well latest well is a total bust no shale, nada, suspended. I hope you don t want that one fraced. Now we deal with caliktepe#1 and #2the number 1 is no great news, the # 2 well is the reason aee is there, 320 ft of shale. Shale has never been fraced in this area, sandstone adjacent to this well (very close) has been succesfully fraced (Aladdin and transatlantic). Caliktepe 2 has no sandstone shows and according to the latest presentation fracing is contingent. So adding this up we have 4 holes one with an unproven shale fracture play and no money to frac it?. Aee was worth 4 cent before all this news, 25% batting average i think its now worth less in time. I see three things that could change that 1 aee announces it will frac 2 farm out, you can hope mr robinson? Dir has kept tight with his old workmates at exxon, they re looking for land. 3 the turkish goverment releases data from previosl>