http://finance.yahoo.com/news/noble-energy-provides-gulf-mexico-121000696.html
When was the last offshore exploration discovery? What is the offshore dry hole count up to now? Very depressing news for this former employee and current stock owner!
7 replies (most recent on top)
I don't believe anything good is coming out of this company's management.
@GOX9m4u-uhb, we have a PSC in Sierra Leone. Was there a failed dry-hole farm-in in addition to the PSC? I remember the the disastrous 2010/11 Senegal/Guinea Bissau farm-in with the Chief Geographer's friends. If there is a discovery, Gabon would still 10 years away from production. OTOH Noble would be foolish to drill anything under current terms. OK, this is Noble. Not Ready for Prime Time Dave, Chief Geographer and the old bald headed accountant are probably chomping at the bit.
Noble aka the King of expensive AF dry-holes
Really? There are some things coming? Like what? Rosetta II? The second Falklands well? Gabon? Diega and Carla developments? That "New and Improved" prospect? What ever great hope Noble throws out there will be grossly over estimated, under risked and over hyped. That is the Noble Way. Maybe the hype will buy Noble management some time, but the only thing that's guaranteed to save this bunch of clowns is a return to high oil prices.
Not drinking GAP kook-aid assh0le. Just all this negative bs you all spill here. There's some things coming that will shut you up.
Every now and then, Trema, Bwabe, Nicaragua, Falklands, Cheetah, Madison, Silvergate. Not to mention the failed farm-in dry hole in Sierra Leone and the fail in Nevada. Outside of the last Gunflint well, which was 150m away from the last borehole Noble has NOT drilled any successful wells in close to 3 years now. Take another drink of that GAP Kool-Aid Bro, you are gunna need it. Big things coming huh??
Prospects that cross international boundaries between EG and Cameroon, good luck
Only Madison was dry, besides Silvergate. Katmai will be appraised and there will be 2 more exploration wells. Also some big things that only a select few know. Noble will be fine, every company drills a dry hole every now and the.