Post by
Frank007 on Jan 12, 2024 5:02pm
On shore verses off shore …
Can not be compared especially if in water more than 300 meters deep .....on shore wells usually come in around 1 to 2 milion $ .....off shore ....our last two wells corentyne block offshore Guyana came in at 140 million$ each ....good thing not dry holes eh ....as for this pump and dump ....the central area of gotzwana pre Cambrian Africa ..could not possibly have resourses ....google how where oil and gas is created ....and it's not the kavango basin...
Comment by
pacer001 on Jan 14, 2024 4:38pm
Probably so. If companies really thought there was oil where Recaf is they would be knocking on Recaf's doors wanting in. As far as I can tell no knocks. The action all seems to be offshore with a lot of purchases, joint ventures, infrastructure builds, etc.
Comment by
pacer001 on Jan 14, 2024 7:49pm
https://oilprice.com/Energy/Energy-General/Offshore-Oil-Is-Booming-With-Vessel-Markets-Near-All-Time-High.html
Comment by
pacer001 on Jan 16, 2024 1:31pm
Shell bailed out of on shore. See the below. https://oilprice.com/Latest-Energy-News/World-News/Shell-To-Sell-its-Onshore-Oil-Business-in-Nigeria.html