michelangelo

Fear and Loathing in Energy Coverage

The Dnieper-Donets northern shoulder fields are classical petroleum fields with fluids from the Devonian source rock in the basin, which sits several km downdip to the south in the basin.

Also: Jack. F. Kenney (GasResources.net) is a well known swindler who have never participated in any petroleum exploration. The GasResources Inc. is just a cover story. The guy is a physicist trying to swindle gullibles into financing "abiotic" prospects, and then running off with insane compensation. Fortuanately: he always failed. The only well he ever was involved with was the second sweedish Siljan well. He managed, through a fake story of his credentials to get a job here. However, after a few months he quit with a lot of noise; it became obvious he was clueless. Kenney, then sued the project for 3 million dollar. Needless to say: he lost :-) Kenney, tried a similar scam in Belgium later, but fortunately he was unable to lure any investors.

Regarding the Dnieper-Donets northern shoulder fields:
8,200 M metric tons would represent around 60-65 billion barrels of oil using the range of stock tank densities given for the fields.
Since, the oil resources of Ukraine including all previous productions and current resources is around 2 billion barrels, it is simple arithmetic that the story is a fabrication. Jack F. Kenney who cooked up these quantities to glorify his achievents (in fact he had nothing to do with the discoveries) used values from 60 to 20 billion barrels.

The fields are completely typical mostly gas and light oil and condensate fields. They were discovered after new seismics was shot, and the fields because of their light fluids, lighten up as x-mas trees on the seismics. Today, Vladilen Krayushkin have co-authored a paper, were the bombastic unsubstantiated claims in the original paper has been retracted (Goto Ukraine's geological surveys website): "No absolute proof for abiotic oil... The petroleum could have come up the faults leading up to the fields, since the Devonian source rock in the basin rest onto these faults" "We just do not believe it" Good for you Krayushkin.

Michelangelo