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Sonde Resources Corp NEW Message Board

dvoowner 4 posts  |  Last Activity: Mar 31, 2015 11:27 AM Member since: Jun 23, 1998
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  • Reply to

    New Field

    by dvoowner Mar 26, 2015 11:58 AM
    dvoowner dvoowner Mar 31, 2015 11:27 AM Flag

    Here is the info on the Eni field it discovered south of the SOQ offshore block (note this is a gas field with lots of liquids in it as SOQ's well had):
    The location is in Area D, 22 km (13.7 mi) from the producing Bahr Essalam field. Eni North has a 100% operated interest in the concession.

    The B1-16/4 discovery well, drilled in 150 m (492 ft) of water, encountered gas and condensates in the Eocoen-age Metlaoui formation.

    During testing, constrained by surface facilities, the well flowed 29 MMcf/d (821,189 cm/d) of gas and more than 600 b/d of condensate with a 64/64-in. choke. In a production scenario, the well could deliver more than 50 MMcf/d (1.4 MMcm/d) and 1,000 b/d, Eni added.

  • dvoowner by dvoowner Mar 26, 2015 11:58 AM Flag

    Saw where Eni drilled a new field well 30 miles south of the SOQ block. WTH.

  • Reply to

    Well gollleeee!

    by wright.tom64 Feb 2, 2015 6:37 PM
    dvoowner dvoowner Feb 26, 2015 4:43 PM Flag

    Well, SOQ is finally dead. I sure liked looking at the awesome geology and 4 wells that were drilled at TnT. They had 4 TCF in their hands and screwed up that deal big time. That is so sad. Regards.

  • I have positioned myself where I have dividend paying major oil stocks, but also have 1/2 my cash in 2% SVF ready to buy if major oil companies drop in price resulting in the dividends going up. A major like Exxon etc can and will pay their dividends, and unlike the 2008-09 recession Exxon's dividend now is $2.76, or about 3% vs the miserable 1.7% dividend it paid during the recession. I have not seen an article related to how the dividend today is holding up the price per share now much better than it did during the recession.


    Do other people see this difference between the 3% dividend now vs the 1.7% dividend during the recession as a reason to hold Exxon? Regards.

    Sentiment: Hold

SOQ
0.0540.0000(0.00%)Nov 14 4:00 PMEST