Free Republic

ANCHORAGE, Alaska - An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska's North Slope region south of Prudhoe Bay, the company said. Pantheon Resources PLC said it located the deposit along the Dalton Highway and Trans-Alaska Pipeline System corridor, The Alaska Journal of Commerce reported Wednesday. The London-based company made an updated evaluation of an old exploration well and used information gleaned from recent nearby drilling, officials said. The prospect, called Talitha, could be the latest in a series of big North Slope oil discoveries over the past five years.

Estimates are that the amount of oil found will make Israel self sufficient for very many years to come. After more than a year of round-the-clock drilling, large amounts of oil have been found on the Golan Heights. Estimates are that the amount of oil discovered will make Israel self sufficient for very many years to come. Afek Oil and Gas chief geologist Dr. Yuval Bartov told Channel 2 News, "We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters...

As the Cline is roughly 9,800 square miles in size, this works out to estimated reserves in excess of 30 billion barrels. These reserves could easily eclipse the Bakken (4.3 billion barrels according to conservative government estimates) and the Eagle Ford (3 billion barrels).

Rolling in Heavenly Aisles By Norma Zager “Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil.” Golda Meir First, someone needs to apologize to Moses for Mrs. Meir, but I am certain she has already interrupted the heavenly Mah Jong game to do so herself. Of course Moses wasn’t surprised and is probably passing out cigars to everyone and bragging, “Nu, I told you so. They never bothered to look.” God has a...

The Utah State Division of Oil, Gas and Mining is poised to approve up to 1,500 oil-drilling permits in 2005, setting a record for the second consecutive year. Division chief John Baza last week told a legislative committee the discovery of a large oil field near Sigurd seems to be driving the interest in Utah oil. Baza reported his division has seen a "smattering" of interest in eastern Utah's oil shale and tar sands, but technology to make them commercially viable still hasn't arrived. Oil production has risen, Baza said, largely due to a major discovery in the Covenant oil...