The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
K-G Basin to Double India's Oil Production
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oilbarrel.com (06/30/2010)
"Amid all the brouhaha about the BP oil spill in the Gulf of Mexico, an accident that could have happened in another deepwater block seems to have gone unnoticed. Joint venturers Reliance Group and London listed Hardy Oil & Gas have been drilling in the deepwater D3 block in the Krishna Godavari Basin offshore the east coast of India. The Reliance Group is an Indian powerhouse. It is the country's largest private sector company with interests that stretch from upstream oil and gas to home furnishings. Reliance has a 90% stake in the D3 block as well as interests in other blocks in the basin like D6 and D9. Reliance is the operator in D3. Hardy Oil & Gas, an oilbarrel.com subscriber, has a 10% interest in Block D3 and in Block D9. The K-G Basin is a proven, prolific, hydrocarbon province; with world-class discoveries, such as in the Reliance operated D6 Block, where production is expected to reach 80 million cubic feet per day this year, effectively doubling energy-hungry India's natural production capacity. The D3 Block is highly prospective, covering 3,288km2. It could hold 9.5 tcf of gas, according to independent reservoir assessors, Gaffney Cline Associates. The partners have drilled three discoveries on D3 to date. There was accordingly great interest in the new KGV-D3-W1 well, which got underway earlier this year. Then, towards the end of May the partners announced the well had been temporarily suspended due to unresolved mechanical issues associated with the blowout preventer (BOP) of the Deepwater Expedition rig. The BOP is the ultimate fail-safe device and if it goes wrong as it did in the Gulf of Mexico then you get disaster." |
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More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
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