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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (123971)	9/2/2009 2:10:48 PM
From: JimisJim	3 Recommendations Read Replies (1) of 206093

CC: while I agree with your assessment, just one little correction... BP is using the Transocean Deepwater Horizon platform in a little over 4,000 ft. of water... the TD is still 35,000 ft. from rig floor... so... What BP isn't talking about is how long it took them to actually get their current "crown jewel", Thunderhorse, online and making money -- many delays. The other thing nobody is really talking about is that nobody... let me repeat that NOBODY has ever produced a single bbl of oil from the same sort of rock formation where they discovered oil at Tiber prospect... Jack is in the same geologic formation as Tiber as are BP’s Kaskida, found in August 2006, and Buckskin, a Chevron find in February of this year... It will be at least 5-10 years before any of this oil comes to market... OK, they've produced some oil at Jack during testing, but still not a production well by any means... So your point is well taken... Sidenote to elmat: CC was clearly being facetious about this oil being clean and easy to produce, not slamming PBR at all... Jim

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