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New oilfield discovery

New oilfield discovery

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Old Feb 4th 2010, 6:28 am
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Default New oilfield discovery

http://gulfnews.com/business/oil-gas...ports-1.578236
http://in.reuters.com/article/oilRpt...61305O20100204
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Old Feb 4th 2010, 6:34 am
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Default Re: New oilfield discovery

Size and production capacity undisclosed, but it still comes as great news for Dubai!
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Old Feb 4th 2010, 6:42 am
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Default Re: New oilfield discovery

Originally Posted by BurpusMe
Size and production capacity undisclosed, but it still comes as great news for Dubai!
and just a little convenient given that pretty much every govt agency/entity is either now or about to be rated as junk in the finance world
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Old Feb 4th 2010, 6:55 am
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Default Re: New oilfield discovery

Probably underneath International City
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Old Feb 4th 2010, 7:00 am
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Default Re: New oilfield discovery

Originally Posted by shiva
and just a little convenient given that pretty much every govt agency/entity is either now or about to be rated as junk in the finance world
It would have been handy in December when Dubai government entities received their junk rating.

In any case, this discovery could positively effect Dubai's future. Good news!
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Old Feb 4th 2010, 1:38 pm
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Default Re: New oilfield discovery

Does anyone actually believe this!!!

Don't tell me Michael Jackson is going to play Festival City next!!!

Cynic I know, but they did tell us for months the economic crisis would not affect Dubai - of course that was true!
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Old Feb 4th 2010, 3:16 pm
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Default Re: New oilfield discovery

Originally Posted by NJ123
Does anyone actually believe this!!!

Don't tell me Michael Jackson is going to play Festival City next!!!

Cynic I know, but they did tell us for months the economic crisis would not affect Dubai - of course that was true!
Hubby says it was a large vat of baby oil found at the back of the rattlesnake!!!
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Old Feb 4th 2010, 3:27 pm
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Default Re: New oilfield discovery

Originally Posted by NJ123
Does anyone actually believe this!!!

Don't tell me Michael Jackson is going to play Festival City next!!!

Cynic I know, but they did tell us for months the economic crisis would not affect Dubai - of course that was true!
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Old Feb 4th 2010, 3:37 pm
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Default Re: New oilfield discovery

Poitin,

How does your hubby know what goes on behind the rattlesnake?

Actually, I think I saw him there last Friday oiled up.
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Old Feb 4th 2010, 3:38 pm
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Default Re: New oilfield discovery

No matter how you slice it - this is great news!

@NJ123 "Oooooh SNAP!"
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Old Feb 4th 2010, 3:46 pm
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Default Re: New oilfield discovery

Originally Posted by NJ123
Poitin,

How does your hubby know what goes on behind the rattlesnake?

Actually, I think I saw him there last Friday oiled up.
He made the discovery!!! So its all true
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Old Feb 4th 2010, 5:10 pm
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Default Re: New oilfield discovery

This article attempst to put some perspective on the likely impact to Dubai's net financial position:

http://in.reuters.com/article/busine...BrandChannel=0

This isn't on the scale of Qatar's gas fields - as you were, people....
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Old Feb 4th 2010, 6:02 pm
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Default Re: New oilfield discovery

On the other hand, we haven't seen any verified information yet. You really can't say how big or small it may be.

Originally Posted by shakh your bootie
This article attempst to put some perspective on the likely impact to Dubai's net financial position:

http://in.reuters.com/article/busine...BrandChannel=0

This isn't on the scale of Qatar's gas fields - as you were, people....
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Old Feb 5th 2010, 7:23 am
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Default Re: New oilfield discovery

Dubai's coastline is rather small. In all the years of oil exploration and that the Emirate was no doubt out full force hunting for more oil in the past two decades when its supply was running out, they suddenly manage to discover an unknown oil field?

Yep, right, sure.
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Old Feb 5th 2010, 10:03 am
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Default Re: New oilfield discovery

Originally Posted by Ethos83
Dubai's coastline is rather small. In all the years of oil exploration and that the Emirate was no doubt out full force hunting for more oil in the past two decades when its supply was running out, they suddenly manage to discover an unknown oil field?

Yep, right, sure.
I see negativity and conspiracy theories, but no evidence.

Hopefully this news will introduce some much-needed stability. I may have short-term plans here, but my local friends have nowhere else to go. For their sake I hope this is the real deal.
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