see page 6, Nov 28, 2013
PEL 81 could be HOT NEWS
Why extend this region alone ? Unless there is a Good possibility of ACTION to COME SOON ??
I spent a hellofa lot of time to find the ROZ licence agreements at the government offices in Aussie's online records - - and all regions have "expired" except for one, which was renewed in November of 2013 - ROZ is holding on to a huge parcel of land renewed to JUNE 2015. The poker game is on and the cards are not being revealed, but my guess is, the silence will soon be broken - reports have to come out at the end of March - and they renewed 1 and only 1 region - PEL 81
I had several calls and e-mails to the office - Nothing but ignores and silence
but there are many others STILL buying into the ROZ prospects - check the recent buys these past months - large accumulations hoping to cash in on the next move
my predictions are
1) an NR about a buyer to support PEL 81
2) an NR about several finds
3) an NR about Chinese business
Management won't tell us anything, or so it seems
they are keeping us all waiting
Good Luck gents
THIS COULD GET HOT again
it ain't over here - that's for sure !!!!!
1) Confirmation of good oil and gas potential for the region :
Studies revealed in 2014 and 2013 can be found here:
https://www.ga.gov.au/energy/projects/onshore-petroleum.html
key resource basins / regions near ROZ region :
Officer Basin - main ROZ region - Neoproterozoic-Paleozoic sedimentary basin
Arcaringa - immediately east of - Paleozoic sedimentary basin
Kidson - north west of - Paleozoic-Mesozoic sedimentary basin
Pedirka - north east - Paleozoic sedimentary basin
Amadeus - father north - Neoproterozoic-Paleozoic sedimentary basin
Basin Geology :
onshore = https://www.ga.gov.au/energy/province-sedimentary-basin-geology/petroleum/onshore-australia.html
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2) this huge geographic region, is still quite unknown :
The large intracratonic Neoproterozoic to Late Devonian Officer Basin of Western Australia and South Australia covers about 410 000km2
The basin is poorly explored, with only about 15 000 line-km of 2D seismic coverage and only about 20+ exploration wells have been drilled. Numerous hydrocarbon shows from four distinct oil families are recorded from Neoproterozoic and Cambrian sediments, but there have been no commercial discoveries at this time.
Arckaringa Basin is still considered to be an untapped Major Energy Basin.
Australia’s government considers the huge energy resource potential :
https://www.ga.gov.au/products/servlet/controller?event=GEOCAT_DETAILS&catno=70142