willi (On Jamaica Oil/Natrural Gas prospect)

[wbvs]

willi, have you seen gippsland website? it said they have a contract with
the jamaican Gov on oil/natural gas exploration with a time frame of 20
years and that was sign in 2006 . It also appears they are more likely to
find Natural gas rather than oil in the walton Basin So its going to take a
long time before some company come on Board to help finance the drilling ,
and those explorers can wait until the right time .

[Willi]

The annual report I posted the link for says they start drilling in late 2010.

7.5 trillion CF of gas and 2.8billion barrels of oil are the mean forecasts.

They have 5 of 12 or 20 sectors available.

See all the links here:

http://disc.yourwebapps.com/Indices/225942.html

[wbvs]

Drilling late 2012

I was just looking @ gippsland annual report and here is what I found out ... they have 2 phases left , 2011 & 2012 , 2011 is another study
and they start drilling in 2012 , look at it ...



Permit PhaseMinimum work program1

stPhaseYears 1-2

To 31 Dec 2008•Seismic reprocessing of 2,541 line kmspre-stack & 7,842 line kmspost-stack•Acquisition of either Falcon®Airborne Gravity Gradiometry& Magnetics(7,665 km2) orlong offset seismic (5,110 line kms)One to be completed before the end ofYear 4•Integrated geological & geophysical studies addressing the presence of seal, charge, source & reservoir2ndPhaseYears 3-5To 31 Dec 2011•Detailed prospect studies3rdPhaseYear 6To 31 Dec 2012•Drilling 1 well in each Permit•Upside potential > 2bbbl recoverable•Farm-out to seek drill partner underwayIndicates completed
Jamaica : future