Cyprus-Forum.com

by **bill cobbett** » Tue Oct 11, 2011 3:29 pm

Cyprus News Report covers an article from Philelftheros with un-named sources in which it is reported that Noble has hit on the gas and it's much bigger than expected.

..."US-based Noble Energy has discovered gas in Block 12 of Cyprus' Exclusive Economic Zone (EEZ) and the reserve is thought to be 30-40% higher than estimates, according to a report by Philelftheros newspaper citing un-named sources."...

More at http://www.cyprusnewsreport.com/?q=node/4753

by **Hermes** » Tue Oct 11, 2011 3:31 pm

Confirms this report...

Noble 'hits gas shows' off Cyprus
Noble Energy has struck gas shows in a pre-salt layer at the US independent's controversial field off Cyprus, according to a person close to the development.

http://www.upstreamonline.com/ext/login/?lots=SITE

by **bill cobbett** » Tue Oct 11, 2011 3:34 pm

Excellent confirmation.

... also reading that "shows" of gas are bubbling to the surface at the drilling site... a brill sign.

by **bill cobbett** » Tue Oct 11, 2011 3:39 pm

Translation of the first para on this in Phileftheros...

""Nicosia: Two historic for Cyprus news coming from the scene on Monday on the extraction of natural gas. Specifically, the significant data obtained on the following developments:

● The reservoir is much larger and the most optimistic calculations so far (it may even be 30-40% higher).

● On Monday, the shaft of the drill "steaming" natural gas." ...(bubbling is a better translation than "steaming")

http://translate.google.co.uk/translate ... md%3Dimvns

by **boulio** » Tue Oct 11, 2011 4:29 pm

turks are going to pop a gascet :lol:

by **Nikitas** » Tue Oct 11, 2011 4:36 pm

Let us wait and see who will ever again mention a "two state solution".

Expect a torrent of revisionary nonsense from now on. We already had a sampling of the dude who spelled out how the TRNC has rights in Block 12 precisely because there is a state called RoC.

If the results pan out to the end, expect a really fancy Cypriot presidency of the EU, with lots of visits by PMs and heads of state to Cyprus for the 6 month duration. Money talks.

by **Hermes** » Tue Oct 11, 2011 4:49 pm

Signs are promising but still a long way to go...

Cyprus has high expectations for gas find-minister

Cyprus, which is in dispute with Turkey over oil and natural gas drilling rights in the eastern Mediterranean, said on Tuesday it had high expectations of finding hydrocarbons in an area south of the island.

Cyprus's U.S. partner, Texas-based Noble Energy , began drilling an offshore prospect three weeks ago bordering two significant gas discoveries made by Israel.

"We anticipate there is a high possibility of finding deposits in the area, which is why Noble is there," Energy Minister Praxoulla Antoniadou said.

Turkey, the only country to recognize the breakaway Turkish Cypriot state in northern Cyprus, says the internationally recognized Greek Cypriot government has no authority to explore for hydrocarbons until the island's division has been resolved.

Noble started its deepwater drilling some 100 miles south of Cyprus in September and aims to reach a depth of 4,000 metres beneath the sea bed. By Tuesday, it was at a depth of 2,200 metres.

Ankara sent a research vessel with a military escort to the region last month, saying it too planned to launch exploratory work unless the Greek Cypriots stopped.

Antoniadou was non-committal on reports that drilling had already shown significant signs of gas. Even if traces of gas were detected, it did not mean a deposit had been found, she said.

"At the moment we are only halfway to meeting our drilling target; we are now at 2,200 metres below the seabed, our target is to reach 4,000 metres, which is where we have expectations that there could possibly be hydrocarbon deposits," said Antoniadou, who is commerce, industry and tourism minister.

http://www.reuters.com/article/2011/10/ ... 11?rpc=401

by **Hermes** » Tue Oct 11, 2011 5:04 pm

Nikitas wrote:Let us wait and see who will ever again mention a "two state solution".

Yes, the TCs are already complaining about the "continental shelf delimitation agreement" between Turkey and the pirate state. It's becoming clear to the TCs just what a division of the island into two "states" would mean for the occupied areas...