Kurdistan Explorers

[sageo]

Kurdistan Drillers

  With XOM,TOT and Marathon all drilling in Kurdistan side by side....(well,close anyway),how about this thinking ? Since one of the blocks that make up ppl 338 in PNG lies north of Tricera ,. Some are now saying that the "Greater Triceratops" extends into ppl 338. Since Total now has an interest in that block and th,ey recently met with Peter O'Neill ,would they possibly be interested in a JV with IOC in ppl 237? ....Say 45% IOC,45% Toral and 10% PRE  ? We might then have cash for 236 and 238 work . Just thinking out loud.

[Stavros]

Good thinking "sageo"

Everyone should re-visit the Seeking Alpha Article of April 21 by Resourcearb:

http://seekingalpha.com/article/1357051-...l-s-assets

A quote from the Article:

At last week's analyst day, PRE's SVP of Exploration Jairo Lugo said, "Then in the case of Papua New Guinea, we have always said that it was opportunistic. We got really a very good discovery and I think that we'll be ready to monetize that. We understand that there is some sort of a beauty contest now between the majors to acquire those positions and we have a tagalong. So we will be able to make a new rapid cash on that property."

[sageo]

Good thinking "sageo" Everyone should re-visit the Seeking Alpha Article of April 21 by Resourcearb: http://seekingalpha.com/article/1357051-...l-s-assets A quote from the Article: At last week's analyst day, PRE's SVP of Exploration Jairo Lugo said, "Then in the case of Papua New Guinea, we have always said that it was opportunistic. We got really a very good discovery and I think that we'll be ready to monetize that. We understand that there is some sort of a beauty contest now between the majors to acquire those positions and we have a tagalong. So we will be able to make a new rapid cash on that property."

Stavros-Thanks for your response. As I have stated in the past, I have believed for some time now, that ppl 237 is a gold mine" that just needs to be dug up" !! Also mentioned before that I thought that PRE had made a great purchase ! No , they did not pay too much....they got a good bargain.It may not happen in my lifetime, but if my family members are patient, they will be rewarded . Good fortune to you and yours.

[sageo]

Stavros- (Me again !) I just read Tree's response to Petrengr 1's earlier post. Tree did bring up several good points including this one that jumped out at me....."ambitious ppl 237 drilling plans may locate other locations which gan be deemed PRL's". If IOC and PRE drill a Raptor-Duckbill well in the 3rd or 4th qtr, it is possible that we could make the big bang theory look like a small firecracker ! Wouldn't that create "fun and games" ?!!! Good luck,sir.