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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.

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    Sentiment: Hold

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