what if no oil is found? all of this culculation whould be 0+0=puntiland=0waryaa wrote:dr yalaxow:
crude oil price: $110 - $120/barrel
100 million barrels = 100m * 115 = $11,500,000,000 (11.5 trillion)
for 300 million = $34,500,000,000 (34.5 trillion)
for two - 4 billion billion barrels (my calculator said "are you nuts")
Puntland Drilling Update
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- DR-YALAXOOW
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Re: Puntland Drilling Update
Re: Puntland Drilling Update
That's what I've been saying all along.VanAlden wrote:So this proves Hirsi Fiqi a liar? Cause he wrote that they found oil far more than 300million barrels.
This whole oil thing is a fraudulent attempt by some insolvent companies to drive up stock prices!
Re: Puntland Drilling Update
Proof?union wrote:That's what I've been saying all along.VanAlden wrote:So this proves Hirsi Fiqi a liar? Cause he wrote that they found oil far more than 300million barrels.
This whole oil thing is a fraudulent attempt by some insolvent companies to drive up stock prices!
Re: Puntland Drilling Update
^
Look up Red Emperor Resources. It used to be a failing mineral company before, in a desperate attempt to save itself, it rebranded as a "frontier oil company". Trying to find oil in Puntland is like trying to find the Northwest passage, there's a lot of hope and hype but nothing more. Even their Mukhiani oil well in Georgia failed to bring up anything so fate doesn't bode well for this company.
Look up Red Emperor Resources. It used to be a failing mineral company before, in a desperate attempt to save itself, it rebranded as a "frontier oil company". Trying to find oil in Puntland is like trying to find the Northwest passage, there's a lot of hope and hype but nothing more. Even their Mukhiani oil well in Georgia failed to bring up anything so fate doesn't bode well for this company.
Re: Puntland Drilling Update
Ah, ok. This is your beliefs and nothing concrete. I believe there's a good chance of finding oil really, and history of what companies done and dont doesnt decide whether there is oil in dharoor or not.union wrote:^
Look up Red Emperor Resources. It used to be a failing mineral company before, in a desperate attempt to save itself, it rebranded as a "frontier oil company". Trying to find oil in Puntland is like trying to find the Northwest passage, there's a lot of hope and hype but nothing more. Even their Mukhiani oil well in Georgia failed to bring up anything so fate doesn't bode well for this company.
Here's some good read and why I believe there is a good chance to find oil;
"The Dharoor Valley Block is located in the Darin Basin which, prior to rifting, was along the same trend as the Masila Basin in Yemen when the Gondwana super-contingent began to split-up during the Jurassic time. The Nugaal Valley Block is located in the Nogal Basin which was also along trend of the Marib-Shabwa Basin in the Yemen side during the same time period. Many oil discoveries have been made in the Masila and Marib-Shabwa Basins in Yemen and these two basins are the main contributors to the current daily production rates of over 400,000 barrels of oil."
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Re: Puntland Drilling Update
before you laugh and now if no oil ...!!! , whats your point here ...???DR-YALAXOOW wrote:what if no oil is found? all of this culculation whould be 0+0=puntiland=0waryaa wrote:dr yalaxow:
crude oil price: $110 - $120/barrel
100 million barrels = 100m * 115 = $11,500,000,000 (11.5 trillion)
for 300 million = $34,500,000,000 (34.5 trillion)
for two - 4 billion billion barrels (my calculator said "are you nuts")
Re: Puntland Drilling Update
I am so glad that first im Somali Then Darood then Harti Then Warsangali 
- FBISOMALIA
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Re: Puntland Drilling Update
also Puntlanderxiimaaya wrote:I am so glad that first im Somali Then Darood then Harti Then Warsangali
- abdalla11
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Re: Puntland Drilling Update
finding Hydrocarbon means there's oil. Where do you think hydrocarbon occurs? It occurs in oil and gasSOM1960 wrote:
The Joint Venture Operator, Horn Petroleum's President and CEO commented,
"While we are encouraged by the hydrocarbon shows in the well, there is still a
99% of Snetters failed for chemistry
- mody21
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Re: Puntland Drilling Update
biting my lips crossing my fingers and hoping for the best wallahi. MBG remember those three letters.
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