Talisman owns about 74,000 acres of land in the Eagle Ford, where it has a joint venture with Norway's Statoil ASA , according to the company's website. Its production in the region averaged 15 million barrels of oil equivalent per day (mboe/d) in 2012, up from 5 mboe/d in 2011. Its full-year guidance is currently for around 30 mboe/d.Talisman has announced that it is considering the sale of $2 billion to $3 billion of non-core assets. But the company's holdings in the liquids-rich Eagle Ford have generally been considered among the company's best and therefore core.
not sure what to think. the science is credible, but the development curve is abnormally long and thinly funded.
stock could go up 100x in five years if product came to market.
Keppel to Build Jackup Rigs Worth $820 Million
Press Release: Thursday, March 28, 2013
Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), secured contracts from Mexican drilling company, Grupo R, to build four jackup rigs worth $820 million (USD).The jackup rigs will be built to Keppel's proprietary KFELS B Class design and are scheduled for delivery progressively from 2Q 2015 to 4Q 2015. When completed, Keppel FELS will have built 10 KFELS B Class jackup rigs for Mexican customers since 2012, including two for PEMEX. Customized to Grupo R's requirements, the rigs will be able to operate in water depths of up to 400 feet and drill to depths of 30,000 feet.
the partnership with xom is to be a pattern occurring more frequently...(Tanzania and Russia). Like xom. Statoil is a class act and one of the best, if not the best offshore. The Walker Ridge block where Julia is located will likely prove to be the most productive petroleum system in the GOM.
the deep water Julia field was sanctioned for joint development by Xom and Sto. news reports suggest this is the biggest find in GOM by xom at 6 b bbl........the 1998 lease contains royalty relief provision that exempts fed gov payments until development costs recouped.
Julia was a 1998 lease which include the royalty relief exemption to stimulate deep water production. federal gov royalty payments are suspended until developments costs are recouped. if the 6 billion barrel number is correct than it is a giant
sick economy and booming stock market...QE is great for billionaires