re: Possible big oil discovery in Israel

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Vast oil reserves have been discovered in Israel that could transform the country into world energy power and change the face of the Middle East for years to come.
Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, said the breakthrough came in the Golan Heights, near the border with Syria.
Yuval Bartov, the firm's chief geologist, said there was 'enormous excitement' about the immense wealth it could bring to the Jewish state, which has long yearned for its own resource of 'black gold'.

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Good that just means they have $$$ to buy weapons with.

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couldn't Syria and Russia simply tap the reserve from within Syria and steal oil from the Jews?

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You can't outjew the Jews.

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Can someone who is more knowledgable put this in context for us? What kind of reserves are we talking about here? How many millions of barrels? How does it compare to let's say Saudi Arabia's reserves or Canadian Oil Sands for example?

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They've got 96000 acres under lease (license). They say it is "up to 350 meters" thick.

Using average thickness of 200 meters across the whole zone, five percent porosity, fifty percent water sat, and a .25 RF . . .

you could in your wildest dreams say that there are two to three billion barrels of oil that could be produced.

There is exactly zero chance that it could be that much. Hell, I didn't even account for gas. And there is about an equal chance that my calculations are right in the first place. Perhaps an actual engineer could take a look.

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I agree that it was extremely vague and made many people believe it was an industry altering find.

Hence why I asked about porosity and perm.

I guess that was my "give me all the details" side kicking in.

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Was interesting they said nothing about the porosity and perm.

You can find oil all day long, but if you have 200# in the zone you are trying to produce, It isn't happening. Also would be nice to know what the depth is of the formation and then figuring what virgin reservoir pressure should be, then look at the data from one of the first drilled wells in that area.

Will be interesting to find out going forward what this does.

Yes. They will return to 2014 levels at some point during that time frame.

Lets just take it from them and turn it into Texas Middle East.

We could even have a Football team TME

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Also would be nice to know what the depth is of the formation

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Can't be too deep based on well cost.

Whoa!! Let's invade and occupy Israel now!!

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Come get your purple finger heebs


Dafug?

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Did I stutter?

Juice bout to get liberated shock and awe style.