Oil and Gas Discussion BB - InvestorVillage
Oil and Gas Discussion BB
This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: Oil and Gas Discussion BB   /  Message Board  /  Read Message

 
 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  17343 of 26647  at  10/26/2013 8:01:32 PM  by

amstocks82

The following message was updated on 10/26/2013 11:46:10 PM.

 In response to msg 17340 by  ickypicky
view thread

Re: Aussie Find: Comments Anyone ?

 The Australian shale find in the Arckaringa Basin was announced a few months ago by linc energy (LNGCY in US or LNC in Australia)
 
The recoverable oil could be 3.5 to 233 billion barrels of oil from tight shale. 
 
 
The "risked mean" recoverable oil is 3.5 billion barrels. This is the estimate that Linc energy solicited from the 3rd party assessors. The 233 billion barrel figure is one reason many don't bother looking at the company. It is a huge estimate for a play that is producing zero barrels of oil right now and has zero productive wells. Therefore, many will discount them without bothering to look. 
 
The company does plan to drill 6 horizontal early in 2014. 
 
At this point, this play seems very speculative. The two major unknowns for me anyway are 1) whether it can be made to flow oil to surface in sufficient amounts that wells are economic and 2) How long it would take to get oil to market if it is an economic resource. 
 
For me it is something to put on a watch list while waiting for further developments. 
 
 
 
 
 
 


 
     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 9     Views: 554
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
17344 Re: Aussie Find: Comments Anyone ? Acadien 0 10/26/2013 8:37:54 PM


About Us    Contact Us    Follow Us on Twitter    Members Directory    Help    Advertise
Not a member yet? What are you waiting for? Join Now
Want to contribute? Support InvestorVillage by donating
2003-2014 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.

Loading...