Speculation on Yahoo that LNG.v is in sweet spotChatter on the Yahoo boards is pretty intense.
Interesting speculation by petrengr1 -
https://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_I/threadview?bn=26290&tid=206692&mid=207044
https://www.lngenergyltd.com/i/pdf/NAPE2010.pdf
This string may be more important than the Mitsui news.
From the LNGE PR:
https://www.lngenergyltd.com/s/NewsReleas...
“Interpretation has provided a clear indication of significant Carbonate thickening within the historically gas charged Tertiary (Eocene through Miocene) and large deep seated structures within the historically oil charged Mesozoic (Triassic through Cretaceous).”
Now what is the meaning of “significant Carbonate thickening”?
Could it be confirmation of a carbonate reef in the historically gas charged Eocene through Miocene?
Note that the Area being discussed is on trend with three offshore proven carbonate reef gas fields and is between these fields and the shallow Kuru Gas Field. See
https://www.lngenergyltd.com/i/pdf/NAPE20... chart 8 and
https://www.interoil.com/presentation/200... chart 21 (magnify large enough to read the prospect names and see location of same) Look at all of the oil and gas seeps on IOC’s license area on LNGE’s chart 8.
What is the meaning of “large deep seated structures with in the historically oil charged Mesozoic”?
I think those are the sandstones that contain oil in the Exxon/OilSearch area. “Structure” sounds like they see something with closure or a possible trap. On LNGE’s chart 12 they show cross section D- D’ across their Victory Junction Lead. This may be a little different than the depth of the area along the common boundary with IOC but it is interesting to look at. The Northeast end of D - D’ is shown on the right side of chart 12. At that location the depth of the Miocene carbonate is about 1500 meters (4921 feet) below sea level and the top of the Mesozoic is at about 2300 meters (7546 feet) below sea level. I can not read the depths on their maps but it looks like they think these zones will be a little more shallow in the area along the common border based on their “old data” prior to obtaining the new seismic line.