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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (184201)6/16/2014 7:33:49 AM
From: Dennis Roth3 Recommendations

Recommended By
CommanderCricket
evestor
LoneClone

  Respond to of 206132
 
Global Explorers
FORTNIGHTLY
You Know The Drill!
13 June 2014 sendspace.com

Upcoming exploration results

Potential well results in the near term:

Hanssen Barents Norway | Gross potential: 110mmboe | Medium risk
Tullow | 20% WI | 0.9p/6.0p risked/unrisked | Medium impact

Maqlub-1 Kurdistan | Gross potential: 400mmboe | Medium risk
Afren | 20% WI | 2.2p/13.2p risked/unrisked | Medium impact

Sala Kenya | Gross potential: 402mmboe | High risk
Africa Oil | 50% WI | Skr1.9/Skr18.8 risked/unrisked | High impact

Sangomar Deep Senegal | Gross potential: 817mmboe | High risk
Cairn Energy | 40% WI | 28p/285p risked/unrisked | High impact

For the Majors, focus is on the Kwanza Basin, Angola, in 2014.
Eni: The Ombovo-1 well should have reached TD, so far no update.
Statoil & Genel: Dilolo (STL operated 40% WI, Genel 8% WI)
commenced drilling around early June and should take 100-120 days.
Statoil's Tim Dodson (Exec. VP of Exploration) said "this is a mega
four-way closure. It could be in excess of 1000 square kilometers, and
it's one of the largest closures I've seen in my career
. However, multiple
wells will be needed to fully test the Dilolo closure, and one well will not
provide all the answers." Results expected around end-3Q14 / 4Q14.
Total: the Puma well has recently spudded.
ConocoPhillips: plans 4 wells on Blocks 36 & 37 starting this year.

Other updates No updates expected from Det Norske, EnQuest, Faroe
Petroleum, Genel, Lundin Petroleum, Ophir Energy or Premier Oil.

Top picks: Africa Oil, Cairn Energy and Genel Energy