06-25-2014, 01:24 AM
Mines far from 100% known but if one looks at an ancient seabed with 100's of miles of below the ground seashore and 40 prospects with 13 reefs possible see PETs work and the 20 T's from inside IOC its sure within the posibilties and look at pumper Hession today which compared the basin to Iran's assets,
Quote Hession
"Please allow me to briefly explain why we are drilling in this region.
This map is a 2011 assessment by the US Geological Survey of the undiscovered oil and gas resources
of Papua New Guinea, Eastern Indonesia, and East Timor.
They concluded that the region contains more than 115 trillion cubic feet of undiscovered gas across
four key areas.
The lower eastern quadrant, known as the Eastern Papuan Basin, contains our licences.
Studies have shown that the carbonates in this basin are broadly analogous to those in the Asmari
fields in Iran, a prolific reservoir that provides more than 80% of total Iranian crude oil.
Importantly, we have opened the Eastern Papuan Basin to exploration and control the dominant
acreage position in this emerging province. "
Please use or flush,
Quote Hession
"Please allow me to briefly explain why we are drilling in this region.
This map is a 2011 assessment by the US Geological Survey of the undiscovered oil and gas resources
of Papua New Guinea, Eastern Indonesia, and East Timor.
They concluded that the region contains more than 115 trillion cubic feet of undiscovered gas across
four key areas.
The lower eastern quadrant, known as the Eastern Papuan Basin, contains our licences.
Studies have shown that the carbonates in this basin are broadly analogous to those in the Asmari
fields in Iran, a prolific reservoir that provides more than 80% of total Iranian crude oil.
Importantly, we have opened the Eastern Papuan Basin to exploration and control the dominant
acreage position in this emerging province. "
Please use or flush,