(11-08-2014, 08:54 AM)jft310 Wrote: Here's a fact the finding of assets at Raptor greatly increases the odds of an offer to buy after Antelope wells are complete. Based on Interoil's Bobcat and Wahoo comments looks like we are 3 outa 3 for some type well success. Wahoo delayed but has hydrocarbons. If higher pressures mean more permeability then Wahoo is a killer.

I believe you are spot on, JFT.  Albeit we have no idea about porosity distribution in the reservoir rock at Raptor we have now found gas and condensates in yet another new trend.   As a civil and environmental engineer with a career covering a pretty wide set of disciplines including some time in the petrochemical industry I'd say those 40 odd structures  covered by that damned AND SIMULTANEOUSLY blessed Orubadi seal are nearly all going to have gas and condensates, the volumes of which are only a matter of water levels, limestone thicknesses and porosities.

Personally, once again, I don't give a damn about that $10/share/well or whatever Mike or any analyst says today IOC is worth.  That damned seal extends over 95% of IOC's acreage and EVERYTHING we've seen since 2008 says it may have effectively contained for millions of years one of the earth's largest remaining O&G fields.

$120/sh HAH!  Only fools and traders would go for that number.

'jft310' pid='51753' datel Wrote:Here's a fact the finding of assets at Raptor greatly increases the odds of an offer to buy after Antelope wells are complete. Based on Interoil's Bobcat and Wahoo comments looks like we are 3 outa 3 for some type well success. Wahoo delayed but has hydrocarbons. If higher pressures mean more permeability then Wahoo is a killer.

Not to be a wet-blanket, but, what has IOC said that implies Bobcat has found hydrocarbons?     Maybe I missed something?