Cyprus-Forum.com

[bill cobbett]

According to Sigma there will be a simultaneous publication of the results of the recent confirmatory drilling at the Aphrodite A-2 well by Noble, Delek and the CY Gov tomorrow - Wednesday afternoon.

(Alleged leaks in the CY press over the past few days suggest lower range confirmations)

More at... http://www.sigmalive.com/news/local/67903

[Demonax]

Bear in mind if appraisal drilling confirms any volume of gas above 5 tcf this would be a significant discovery for Cyprus. By comparison Italy has proven reserves of 3.1 tcf.

And the announcement only covers one of the designated blocks within Cyprus's EEZ.

[bill cobbett]

Bear in mind if appraisal drilling confirms any volume of gas above 5 tcf this would be a significant discovery for Cyprus. By comparison Italy has proven reserves of 3.1 tcf.

And the announcement only covers one of the designated blocks within Cyprus's EEZ.

Two things please demon file...

The tests are only on the Aphrodite field in Block 12... Noble have said in the past that there are other prospects within Block 12.
Secondly, also look for figures on the quality of the gas (this will be the first time we will see this analysis), the press leaks are that it's high quality gas.

[Oceanside50]

these press releases seem to coincide with political releases...such as the RoC prez gives speech on 53rd anniversary of the RoC, saying Cypriots have to swallow a bitter pill and agree to BBF...the predictions for Aphrodite come in low....another day the the Turks threaten to drill and invade or attack or stick their tongue out at the RoC and the estimates go high as high as 40tcf...its all bullshit....Look at the companies doing work in plot 12, Noble, Delek, their worth keeps growing exponentially year to year since their participation in the Leviathen field...

[bill cobbett]

The Financial Mirror is saying the results will be published on Thursday. ...

[Get Real!]

The Financial Mirror is saying the results will be published on Thursday. ...

While the Bitter Lemons daily is packed with frustrated user comments from Brits and Turks who are hoping there's no gas!

[Oceanside50]

Wait until the Turks bring out "Barbaro" the estimates will go sky high

[bill cobbett]

Wait until the Turks bring out "Barbaro" the estimates will go sky high

Bring back the Sardine Trawler Piri-Reis ... pleeeeeese Turkey.

[Oceanside50]

or Sismik....oh oh....

[bill cobbett]

Noble Press Release...

NOBLE ENERGY ANNOUNCES APPRAISAL DRILLING AND FLOW TEST RESULTS OFFSHORE REPUBLIC OF CYPRUS

HOUSTON, Oct. 3, 2013 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) announced today that the A-2 appraisal well drilled on the Block 12 discovery offshore the Republic of Cyprus has successfully encountered approximately 120 feet of net natural gas pay within the targeted Miocene-aged sand intervals. The Cyprus A-2 well, which is more than four miles northeast of the A-1 discovery location, was drilled to a total depth of 18,865 feet in 5,575 feet of water.

Production testing procedures were performed over a 39-foot section of the upper Miocene reservoir. The test, limited by surface equipment, yielded a maximum flow rate of 56 million cubic feet per day (Mmcf/d) of natural gas. Performance modeling indicates development wells in the reservoir should have capacity to deliver up to 250 Mmcf/d. Evaluation of drilling data, wireline logs and reservoir performance information has resulted in an updated estimate of gross resources of the field ranging(1) from 3.6 trillion cubic feet (Tcf) of natural gas to 6 Tcf, with a mean of approximately 5 Tcf. The Cyprus A structure represents the third largest field discovered to date within the Deepwater Levant Basin.

Keith Elliott, Noble Energy's Senior Vice President, Eastern Mediterranean, commented, "Results from the Cyprus A-2 well have confirmed substantial recoverable natural gas resources and high reservoir deliverability. While the A-2 location has successfully defined the northern area of the discovery, we anticipate additional appraisal activities are necessary to further refine the ultimate recoverable resources and optimize field development planning. In the meantime, we continue to identify and advance multiple development options. In addition to the Cyprus A discovery, we are also encouraged about the further exploration potential in Block 12. We have recently completed a 1,100 square mile 3D seismic acquisition, which will be interpreted over the next several months."

Noble Energy operates Block 12 offshore the Republic of Cyprus with a 70 percent working interest. Delek Drilling and Avner Oil Exploration each have 15 percent working interest.

Noble Energy plans to move the Ensco 5006 drilling rig to Tamar SW, offshore Israel, at the completion of operations offshore Cyprus. The Tamar SW well, testing an exploration prospect offsetting the main Tamar field, is expected to reach total depth by the end of 2013. Noble Energy operates Tamar SW with a 36 percent working interest.

(1) Range of resource estimate based on 75th and 25th percentile probabilities