I don't think PA is their partner. If you look at the Zarat block it's broken into Tunisian and Libyan sides. In other words the structure falls on the oceanic border betw. two countries. PA Resources has already explored and drilled prospects on one side of the structure, and now SOQ is partnered with a co. established betw. the two countries to explore the structure straddling the two countries border. Marathon drilled a well some time ago (1996?) but I don't think they ever put the well on production, although it was a good well. I think it produced 15 mmcfpd with around 1800 bbls/day of liquids. I believe it was SOQ's intent to redrill and establish a new field from this same structure.
You nailed it. Marathon drilled this same structure...who was with Marathon at the time? Tim Lindsey. Sonde only has this opportunity because of Lindsey and yet so many of you bash the guy. DUE DILLIGENCE.
Marathon had to cut and run because any association by a USA company with any enterprise that had any conection with any thing even remotely connected with Libya was absolutely taboo. I know. I was there.
soq's previous seismic map shows the relationship between the zarat 1 well and the zarat 2 well, in addition to their other wells on the structure .... there is a thin oil column below a gas column in the existing well and these same O/G/W contacts are depicted on the map for all the wells they plan to drill, or have already been drilled.
It is pretty well lined out with the 3D seismic and the depths are interpreted on the structure map from past presentation. regards
Yes the new presentation interesting . They must have have something positive to say 1.1 million on the TXE . From what I read the MRO well was drilled in 92 remember that in 92 the seismic and drill technology was in the stone age compared to 2010. JUST maybe we have a god prospect in N> AFRICA