+- ShareholdersUnite Forums (http://shareholdersunite.com/mybb)
+-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1)
+--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4)
+--- Thread: PET- Best guess on top of formation time (/showthread.php?tid=6218)
PET- Best guess on top of formation time - jft310 - 03-21-2014
Seems that the top of the formations must be just several weeks away. Hoping for a gas kick. PET is my guess several weeks reasonable thru your eyes???
RE: PET- Best guess on top of formation time - ebster123 - 03-21-2014
JFT, I know we are all looking at the gas total or someone else will buy into but what about the liquids we have talked about for years. Many have alluded that there should be or might be liquids. Now in the press releases oilSearch states the barrels of liquids are there. Why are there no calculations for the relatively immediate cash flow for the liquids? TIA
RE: PET- Best guess on top of formation time - jft310 - 03-21-2014
Sal Illaqua was a dear friend for years. Former Wall Street Journal All Star Analysts. I asked him about the Csiro Engineering report which stated all IOC gas came from oil . I asked if IOC ever found oil what would it mean. His 30 year experienced analyst answer was it would add $100 a share to the price . I asked why so much and he responded it was instaneous cash flow . Looking at Interoil I asked how long would it take to monetize the oil. He stated 9 months. He stated it could be barged to the refinery after it reached the river.
I have zero idea if they find oil this time. But as OSH states it's there.
drill baby drill
RE: PET- Best guess on top of formation time - ebster123 - 03-21-2014
I remember your comments about Sal and the refinery and condensate striping plant and the value of the oil. Now here is the question, if Oil Search not only mentioned "liquids" but have a number and that number (75) was paired with 5 tcf and the 5 tcf is thought by many to be a low estimate would the (75) be thought of as a low estimate as well. Even if not, given Sal's comment and the value of the oil, why is there no pps bump when they state the liquid is there? Unless the liquid is something else but if it was, other than water which I can not see them refering to, it should have value, right?
RE: PET- Best guess on top of formation time - jft310 - 03-21-2014
My opinion about this is they are referring to the condensates the wet part of the gas . Not an independent oil find. We have to wait for that.
RE: PET- Best guess on top of formation time - ebster123 - 03-22-2014
That is an area where I am confused. If they are referring to liquid gas this can be calculated to NG using calculations with pressure and temperature fairly easily. Why wouldn't this have been converted to tcf? Is this a reason for the lower tcf amount (the are not counting liquids)? Maybe I am far off but I would think NG is NG regardless of the form and should be calculated to apples to apples as such. Maybe one of our pet eng folks can shed some light for me. Thanks in advance!
RE: PET- Best guess on top of formation time - sydbod - 03-22-2014
'ebster123' pid='39623' datel Wrote: If they are referring to liquid gas this can be calculated to NG using calculations with pressure and temperature fairly easily. Why wouldn't this have been converted to tcf?
The Liquid Gas (LPG) is more valuable a product than ordinary gas. It is much easier to process ... much cheaper to process .... much less expensive to transport .... etc. It is a totally different product.
RE: PET- Best guess on top of formation time - ebster123 - 03-22-2014
Sydbod, that is my point. If it is more valuable then why is there not a value in the deal applied to this? Also, why is there not a range for amount that is found? OilSearch has already stated this is there but the value of the deal seems to only apply a value to the gas and not the liquids.
RE: PET- Best guess on top of formation time - sydbod - 03-22-2014
Good question ebster123. I have no idea. Maybe there is ... we just don't have full access to that sort of information yet, one way or the other.
RE: PET- Best guess on top of formation time - Stavros - 03-22-2014
Deal is for "tcfe" which is the sum of
gas "tcf"
plus barrels of condensate converted to the equivalent of gas which adds the "e"