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Bullboard - Stock Discussion Forum ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."

TSXV:RPT - Post Discussion

ARPETROL LTD > Heavy Oil ?
View:
Post by TheRock07 on Jun 10, 2014 8:12am

Heavy Oil ?

As someone else recently said, we have a pro management team, with wide international experience, esp in the Middle east.

You may also have noticed the recent change in top management.
Mr Babwil has taken over as President, in addition to his role as CFO.

If you check his CV...and it is noithing short of being very impressive....you will find that he has been President of two very successful heavy oil companies.

Babwi was President of Rally Energy which had heavy oil operations in Eygpt when it was sold in 2007.

He then became President of Bankers Energy ( BNK..m cap of $1.8 billion ) which has been very succesful in producing heavy oil in Albania.

He retired as President in 2013 but is still a direrctor of BNK.

In the Middle east, there are many heavy oil fields that have been bypassed until recently.

Extracting heavy oil from many of the Middle East reservoirs has been fraught with unique challenges.

Unlike the heavy oil sands of California or Canada, heavy oil resources in the Middle East are generally contained in carbonate reservoirs which are highly heterogeneous, presenting additional challenges when designing and implementing ( Enhanced Oil Recovery ) EOR methods.


Many carbonate formations are fractured, greatly complicating flow in the reservoirs. Adopting heavy oil production strategies in carbonates often requires a good understanding of the fracture network, which itself is a major technical challenge. The fracture network can sometimes enhance the efficiency of steam injection by aiding the heating of the oil; it can also detract from the EOR process by allowing steam to bypass much of the oil.

However, recent technological developments have made heavy oil in fractured carbonate reservfoirs very successful.
Bankers is just one example.

Eygpt has abundant reserves of heavy oil.

It is also going thru a energy crisis and the Govt is offering incentives for foreign companies to invest in its large oil reserves.

Mr Badwi knows how to successfully and cheaply produce heavy oil in Carbonate reservoirs both in Etgpt and Albania and elsewhere.

Presumbaly, given his wide background in the Middle East, he has many contacts in that region.

Of course, while logical, this may not be the contemplated scenario for RPT.

But, diverfification of production is a clearly stated objective of our management.

 

Comment by good40 on Jun 10, 2014 12:10pm
Did you copy that information from another article or is that your own ?  I find it difficult to believe that it's your own since you have recently stated on another board that heavy oil is formed before light oil. I also believe that you used to post as Manzare17... and that you use many different handles.  Got any answers Rock ?
Comment by DocPat on Jun 11, 2014 10:55am
Who are you "Good40" .. Rock has been excellent in bringing a ton of the information regarding RPT to light .. What's your point?? Innuendo is the tool of the imbisile ..  Doc
Comment by good40 on Jun 12, 2014 9:30am
DocPat, my post did not reflect any opinion of the stock itself, it was directed at TheRock07. Feel any better ? He did copy and paste from another author and used it as his own.  He did state that heavy oil forms first, before light oil. Totally false.  He did use Manzare17 as his handle in the past and does use multiple handles to promote.  Ask him.  I can understand your ...more  
Comment by TheRock07 on Jun 12, 2014 11:25am
Doc, this poor fool deserves medical attention. She has been posting on the PMI board for years, with the same vacuous and delusuional statments, driven by OC affliction. No one reads his posts ( 581 Iggies ) but a few like me, for comedic delight.
Comment by TheRock07 on Jun 10, 2014 2:56pm
Interesting info. Badwi was President and CEO of Geodyne Energy when it acquired these F Virgenes assets from Petrobras. This was in 2003. In 2007, Arpetrol acquired Geodyne in a RTO and went public in 2011. Badwi is from Egypt.
Comment by HumbleRag on Jun 10, 2014 9:23pm
I have been watching this stock for over a year and have shares, but never joined as I did not have much to contribute. I would like to thank all those who are regulars here and have expressed opinions. Most have been on the upside but not all. But almost always there is some good information provided. It helps someone like me that is not very knowledgable in valuations and such, whether you are ...more  
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