No oil so why the argument

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
23/07/2009 21:48

http://northcyprus.biz/north_cyprus_FeedRedir.asp?FID=9053



There must be something out there and i dont think its the Loch ness monster,

Paul.

CyprusChill


Joined: 08/05/2009
Posts: 666

Message Posted:
23/07/2009 22:52

Only once you get it to the surface and thats a fine art.



A percentage stake of boe and gas nom will need to be achieved to enhance the whole of the island and its inhabitants for now and the future.

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
23/07/2009 23:01

I've seen the private underground geology report where oil has a very good chance of been found, and it's on the TRNC side, off shore.



Richard

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
23/07/2009 23:34

Seem to remember some very knowledgeable people on here a while ago saying that oil didnt exist at all of the coast of Cyprus.Would any of those guys wish to post,

Paul.

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
23/07/2009 23:42

£60,000 for the report will do, just to look, and that's just a round of drinks for starters!



Richard

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
24/07/2009 10:07

Paul

It is not a case of whether there is any oil and gas in the Med, it is a case of whether there is enough to justify investing large sums of money to pull it up. With the price of oil being half of what is was over a year ago investments in the industry have dropped. A seismic survey/geologist's report will only give an indication of strata that is likely to hold possible oil/gas reserves and test drilling is the only way to find out.

AJ