InterOil (NYSE:IOC) says it has discovered oil at its Bobcat-1 onshore exploration well in Papua New Guinea, not far from the Elk-Antelope field.IOC declares a total depth for the exploration well at 3,207 meters, with future appraisal to include additional seismic and drilling.

InterOil strikes oil at Bobcat-1 well in Papua New Guinea - InterOil Corporation (NYSE:IOC) | Seeking Alpha

'AD123' pid='53063' datel Wrote:I supposed "hydrocarbons" could mean either gas or liquids, couldn't it?

12/3 report for Raptor: "...flowed gas and condensate..."

Today's report on Bobcat "...flowed and flared hydrocarbons..."

They know how to use the word "condensates" but didn't use it here.

'AD123' pid='53063' datel Wrote:I supposed "hydrocarbons" could mean either gas or liquids, couldn't it?

Hydrocarbons is an interesting term. They have been using terms like flowed "gas and condensate" in the past. To slice and  dice the PR a  little they do say we are at or near the "gas/water" contact so that would  indicate this to be a gas  reservoir. If there is a heavier liquid zone in this gas reservoir it would be near or in the gas/water transition zone. So we might expect the well to produce gas, condensate/oil, and probably some water. Now to throw a little oil on the fire:

Do you see the flame falling out of the flare line and going to the ground? That is burning liquids. The flame above is burning gas. Flare looks like a relatively small flow rate.

We are drilling a small hole, probably about 4 1/4" . The additional drilling will be to evaluate the quality of the reservoir rock below the gas/water contact and perhaps to see how thick the limestone is. If they can drill that far.

'petrengr1' pid='53067' datel Wrote:

'AD123' pid='53063' datel Wrote:I supposed "hydrocarbons" could mean either gas or liquids, couldn't it?

Hydrocarbons is an interesting term. They have been using terms like flowed "gas and condensate" in the past. To slice and  dice the PR a  little they do say we are at or near the "gas/water" contact so that would  indicate this to be a gas  reservoir. If there is a heavier liquid zone in this gas reservoir it would be near or in the gas/water transition zone. So we might expect the well to produce gas, condensate/oil, and probably some water. Now to throw a little oil on the fire:

Do you see the flame falling out of the flare line and going to the ground? That is burning liquids. The flame above is burning gas. Flare looks like a relatively small flow rate.

We are drilling a small hole, probably about 4 1/4" . The additional drilling will be to evaluate the quality of the reservoir rock below the gas/water contact and perhaps to see how thick the limestone is. If they can drill that far.

Pet- Good evening ! Always appreciate you input....even throwing a little "oil" on the fire! Ha,ha.  Today on the IOC website,they report about "the upper section of the target reservoir" and then further down it says"the company now intends to deepen the well to appraise reservoir quality".  Is it possible(in your professional opinion) that they suspect,as in the Tricera#2 well report,that we could have two productive zones in the limestone seperated by several meters of very dense material with no connection between the two zones? If you have time, I would appreciate your comments on such a possibility. Thanks.