RE: RE: RE: RE: RE: RE: RE: What a fantastic run u
gusgold, Do you have a petrophysics or geology major or training? You seem to speak with some certainty that no oil will be discovered in Namibia. Have you seen something on the HRT seismic or previous Namibia well logs that give you confidence in your hypothesis or are you basing this on antecdotal evidence? I am just curious how you arrived at your conclusions?? Personally, I believe the odds are starting to tilt in favor of finding oil in Namibia based on the seismic, mature source rock, and reservoir quality rock with a good hydrocarbon trapping mechanism (seals).
Following are excerpts from comments by Chariot’s CEO and others (identified):
* We learned technically an enormous amount from our wells and that has significantly refocused where it is that we’re addressing our exploration,” Bottomley said in an interview in Namibia’s capital, Windhoek. “We happen to be in areas where we’re looking for elephants, so looking for giant fields. *
* Namibia is a frontier area: it is unproven to have material accumulations of hydrocarbons to date, but we believe that’s just a function of drilling density and exploration maturity *
* All it would take would be somebody to unravel the secret, what it is that makes Namibia work and there’ll be a whole significant follow-up potential *
Chariot says it’s * identified a potential find off southern Namibia and plans to process more seismic data at the site next year *
* It’s still a very immature exploration province and it’s a proven petroleum system... it took 22 wells in the North Sea for the first discovery and I think it was about 26 wells in the Gulf of Mexico *
The odds for finding oil are getting better and better all the time.