'jft310' pid='66934' datel Wrote:study we've found that we believe that Papua New Guinea's got in excess of 5 billion barrels of oil equivalent remaining potential. So that's more than 60% remaining potential in the country.

Ok... so that roughly is 30 TCF in country... somewhere.

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On Antelope 6 we've just taken our fourth core in the reservoir and we're doing an intermediate logging run. We'll test on the way down and then we'll drill out through the reservoir and do a longer term test and also an injectivity test as well.

I think once we've got all that data over the next sort of two, three, four weeks I think we're going to have a very good, a good feel for the resource base and all of that data is and will be provided to our certifiers.

'petrengr1' pid='66939' datel Wrote:

On Antelope 6 we've just taken our fourth core in the reservoir and we're doing an intermediate logging run. We'll test on the way down and then we'll drill out through the reservoir and do a longer term test and also an injectivity test as well.

I think once we've got all that data over the next sort of two, three, four weeks I think we're going to have a very good, a good feel for the resource base and all of that data is and will be provided to our certifiers.

Pet - Thanks much for that info .

'jft310' pid='66953' datel Wrote:Art at the AGM meeting this summer Hession stated he hopes that they can eventually prove out 55 T's . Then the Target Capital owner asked a question about that . There's no way Oil Search has the remotest possibility of anything close to 55 T's Right now I love the idea of 10 T's that got Oil Search using C-1 numbers ,a 2 train 3.5 mtpa per train plant . Good place to start in this environment .

I hate to say it but an honest appraisal of Hession's performance to date can only justify the statement that whatever he says is worthless.  That's not to say IOC is worthless, but without a doubt NOTHING that Hession has said or done can be taken to the bank.  Sad but true. Just how would you like to deal with a guy like that who can't be relied upon to give an honest appraisal of the company, its plans or its material activites?

Hession's dream is one of privatizing IOC.

Below you will find an excerpt from the OSH call which I think is of some interest-

 
Nik Burns, UBS - Analyst [47]

'petrengr1' pid='67008' datel Wrote:

Below you will find an excerpt from the OSH call which I think is of some interest-   Nik Burns, UBS - Analyst [47]

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Okay, thanks for that. Just on Antelope you just repeated the interference test between Antelope 5 and 1, are you able to comment at all on whether those results validated the earlier results that were achieved there understanding that there was an issue with the gauge calibration the first time around? Are you able to comment on the results there at all?

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Ian Munro, Oil Search Limited - Executive General Manager [48]

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It's a little too early. We recovered the gauges yesterday from Antelope 1 and Antelope 5 are now both out of the ground. We didn't have topol readouts so the data is now with the operators being calibrated and then we'll get a look at that I'd imagine in the next few days. It was a two week or so flow test and it was around a 10 day build up. We should get some very good data from 5 and the something that the engineers are quite excited to get in.

On Antelope 6 we've just taken our fourth core in the reservoir and we're doing an intermediate logging run. We'll test on the way down and then we'll drill out through the reservoir and do a longer term test and also an injectivity test as well.

I think once we've got all that data over the next sort of two, three, four weeks I think we're going to have a very good, a good feel for the resource base and all of that data is and will be provided to our certifiers.

Pet - I believe the injectivity test is to keep them from creating the mess that happened with the cement job in the A4 well ...is that the case?  Also,if they have taken 4 cores so far in the reservoir,can I assume that we are already into the top 100 ft or so? (of the 450 ft) .  " We'll test on the way down" .....dsts maybe ?  [ I guess I'm just too doggone anxious to find out more about this eastern part of the reservoir !! ] .