Couldn't agree more
I know, I will sell mine, that should put a rocket under the SP!
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Couldn't agree more
I know, I will sell mine, that should put a rocket under the SP!
New presentation out today. Plenty of exploration and production to fund it.
further notes on Matariki...
going on from what I have previously described that oil has migrated southward along the tasman ridge....... As this oil pathed south through maui it filled our Maari to spill point... well, not spill point no more.. hehe...
This spill point is a very good signal because over flow of Maari continued trending south...South towards Matariki...
"flowed further south on the fairway along the ridge until it reached the shallower (1000 metre-deep) Matariki"-quote Todds...
on paper, and seismic analysis Matariki is a Maari look alike...
The reservoirs are expected to be similar to those at Maari, namely the Miocene Moki Formation and the overlying oil bearing M2A sandstone...
The important question is, does our Matariki prospect have a sufficient oil trap?
well, I just dont really know...
The answer to this question lies somewhere in the Manganui Claystones- top seal above the double stacked Moki sands of the Matariki prospect...
This is an important area amongst others for further research because top seals prevent vertical migration of hydrocarbons out of traps...
...
In this rather secretive industry, where information can be hard to find, sometimes impossible, where everythings down played... where upgraded reserves usually dont surprise.. all this means something when theres a real buzz about Matariki... the fact that the Todds have made reference to oil migration (oil charge from East Maui sub basin) passing by Matariki...that the Geological Society of NZ highly rate Matariki...that I showed the same hazy gas on Matariki seismics to Maari seismics... that we knew Manaia was underfilled because it was west of migration path, and that updip sweet spot would flow... That we now understand why north Tasman-1 was dry because once again, it was off this important fairway...(note Matariki is bang spank ontop of this fairway as is Maari)... tasman-1 on this fairway another well also failed, (and this to is the big Matariki risk) fault leakage.....
Matariki is the gate to open up our other leads and theres a pretty good shot we are going to pull off double the size of Maari at 4 times the stake.....
The drilling of Matariki is still a year off...
appraisal well feel about it...
im not going anywhere...
top 5 E&P ASX here we come...
with WA and everything else to fall back on...
lets roll out more big target drilling...
this is the gambling part of our business... but its stacked in our favour... and this 35cent stock proves it...
one buck, you watch me...
OXX got a tasty permit in the mix too...
:cool:
.^sc
Last page of the quarterly...very interesting. CUE made an offer to purchases WPL's share of the Laminaria Corallina producing fields!
Richaed Tweedie topping up by 77697
CUE now have a cash and asset backing of 26cents...
With big time offshore drilling next year, and production growth....
theres lots of upside and not much downside...
a portfolio of free opportunities ready to materialise...
PNG
:cool:
.^sc
http://www.businessworld-australia.c...gy/cue-energy/ some info on the new CEO. He reckons he knows how to produce while cue has been an exploration co. earning 30million$ this year. should worth 5 times as much in 5 years all going to plan...
Mark Paton seems to have the experience to drive this forward. Let's hope the SP gets a bit of genuine traction but not enough to be a victim of maths!
I just got back from Vegas and I see nothing has changed...
I had the meanest trip...
I tripled up on day 1 in the world series event 51, and then went out...
didnt really do anything wrong... lots of donkeys to snack on...
I came in 7th in a side tornament out of 292 people where I got an unfortunate beat for 40% of chips in play, but I took a nice cash...
Im Gona do it all over again next year and plan to go for a few months... met some of the nicest yanks... we's be joking and we laughing alot...
good to come home with cash, but less than what I went with...
GO CUE NGE...
Ise be waiting...
:cool:
.^sc