Viceroy report: Nothing is said on Jarvie and Bill CatheyI read the Viceroy report in detail this evening.
There was nothing of importance or relevance in this report and, is mostly filled with speculation and opinions.
They attack management by exposing their past sins. Who among us has lived a perfect life without sin? And what does the past have to do with the Reco project, really????
The RECO oil project rests on the shoulders of two of the worlds specialists:
(a) Bill Cathey - who reviewed 10 years of aeromag data and, confirmed a 30,000 feet basin
(b) Jarvie - a source rock specialist - who says that it is the source rocks that feeds the oil, find the right source rock and you will have found the oil.
It is true that RECO did drill the 2 first holes blindly because they did not have the 2D 450 km seismic data and, to be able to hit hydrocarbons shows of 660 feet in hole 6-2 and, 1,125 feet in hole 6-1 is ASTOUNDING.
The viceroy report is silent on both Bill Cathey and Jarvie.
It would have seemed to me that these are the two persons you would have attacked as this exploration projects rests on their expertise.
And the report is silent on the source rocks feeding the oil reservoirs.
So a 32 page report, and they attack the wrong persons.
mpo