GREY:SDRYF - Post by User
Post by
gonecodeon Dec 19, 2011 12:10pm
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Post# 19334665
AWWW ! Egypt....Messed up..
AWWW ! Egypt....Messed up..I have not had much to do with Egypt lately but got together with some friends who have worked there for some time and what they told me was going makes me very sad for the people there.
This entire Government and every Official I ever dealt with there are SO CORRUPT and ruthless that you only see a fraction of the people being killed.
They Military does not want to give up power and it is going to get very very Ugly...Sad to see for the people are very decent and just want what everyone else does...........Freedom to live work and choose...
As for KOM OMBO.........................WOW ! Have they every screwed the pouch on this one....
What are they down to now.....about 600 Barrels and day after how many wells , how many millions ?
50 odd million dollars to pump about 200 barrels less a day than when they bought it ...............WOW !
The Water Flood seems to be going well and as I stated before.........They only good purchase they made.
But, with that in mind............They are pumping much OIL and pressure needs to be maintained with a lot of water.
How long and how effective remains to be seen...........Could see a pop over 10000 barrels again but when it drops, it drops fast.............maybe a year or 2 at most and steady drop unless they expand the field.
Either way, only 10 % to Sea dragon but better than Kom Ombo for sure.
So Some (ok one ) is still a long believer.......................I see so many of the OLD connected Government running away with millions that it makes my head shake.....................These guys in SDX had great connections.
But , most of them have padded accounts in other countries and heading for the good life with millions.
Nobody seems to care and nobody is going to stop it , it seems.........The people know and are dying to makes changes but the longer the army keeps the fight up the more money disappears.............
AWWWWWWWWWWW........ Life in Egypt......... Sea Dragon has some explaining to do .....
Or they better find a HUGE Pocket of OIL in the KOM OMBO .............LOL !! Don't bet on it ......
I know companied have drilled that area for years and the Sands are not commerical quality......Everyone knew that.
Excepy Houndtrader..............He believes ...........Look at the chart ...........Then tell me I was wrong .....