'Palm' pid='34196' datel Wrote:

'TomCrooz' pid='34191' datel Wrote:

'Palm' pid='34182' datel Wrote:

'johnwgrant' pid='34179' datel Wrote:Anyone looked at the language of the SPA to see how they define Elk/Antelope vs a "new discovery". I would imagine that TOTAL would argue vigorously that this new exploration well by definition is in the "bonus" arena ($100M per each tcfe above initial tcfe).

That definition has been posted a couple of times.  It's any structure within PRL 15 which is shown to have the same water contact, same pressures, etc as Ant; in other words, be in "communication with" Ant.  If so it is in the "Antelope Field" and would be included in the Antelope Field volumes.

Ok, I need more clarification....If "Antelope Deep" is what we think we will get the 1.29/mcf not the 100 mill/TCF, and the definition of being part of Antelope is having the  same water contact,  then we are not talking about going deeper into one of the existing Antelope wells as someone suggested earlier, Correct?  Because all the wells already have been drilled to GWC, drilling deeper through the GWC and into Antelope Deep would not share the same gwc RIGHT?  I don't know, but this is confusing to a non PETENG.   Or is Antelope Deep going to be drilled in an entirely different location and really not deeper than current gwc found in other Antelope wells?

Croozer,

I apologize for the confusion.  It is not the GWC that comes into play, but any "petroleum encountered outside the Antelope Field (defined as Elk4 and Ants 1,2,3) but in "Pressure Communication" with the wells that are a part of the Antelope Field will be considered part of the Antelope Field.  Pressure Communication means:

(a). Such an accumulation has petroleum bearing sediments which are in direct and continuous petroleum contact with the Elk Field or the Antelope Field as necessary;

(b). Such an accumulation belongs to the same petroleum pressure regime al the Elk Field or Antelope Field with which it is in such direct and continuous petroleum contact;

©. The composition of the petroleum of such accumulation is consistent with the composition of the petroleum of the Elk Field or Antelope Field, as applicable, with which it is in such direct and continuous petroleum contact.

So again, GWC is NOT what counts.

Thank you for the clarification.  This stuff makes my head hurt.

'Tusker' pid='34246' datel Wrote:

'efi426hemi' pid='34188' datel Wrote:

I woke up this morning with something ailing me and I needed a good doctor to give me the cure.

H&H,

Hemi

Pursuit of the knowledge that it is impossible, ends when it happens... I have had the opppertunity from the beginning, to see the valleys and mountian tops of that reality.

I have seen safari from above,below, and on ground.

It started for me, at a campfire, at a place called Sianna Springs, in the Masi Maru.

I am going on a hunt, and I am extaordinarily pleased with the camp that I am traveling with.

May you find your fortune in a moment, or in a generation... it is there for you.

Tusker

Tusker, I truly hope to meet you someday.

'TomCrooz' pid='34274' datel Wrote:

'Palm' pid='34196' datel Wrote:

'TomCrooz' pid='34191' datel Wrote:

'Palm' pid='34182' datel Wrote:

'johnwgrant' pid='34179' datel Wrote:Anyone looked at the language of the SPA to see how they define Elk/Antelope vs a "new discovery". I would imagine that TOTAL would argue vigorously that this new exploration well by definition is in the "bonus" arena ($100M per each tcfe above initial tcfe).

That definition has been posted a couple of times.  It's any structure within PRL 15 which is shown to have the same water contact, same pressures, etc as Ant; in other words, be in "communication with" Ant.  If so it is in the "Antelope Field" and would be included in the Antelope Field volumes.

Ok, I need more clarification....If "Antelope Deep" is what we think we will get the 1.29/mcf not the 100 mill/TCF, and the definition of being part of Antelope is having the  same water contact,  then we are not talking about going deeper into one of the existing Antelope wells as someone suggested earlier, Correct?  Because all the wells already have been drilled to GWC, drilling deeper through the GWC and into Antelope Deep would not share the same gwc RIGHT?  I don't know, but this is confusing to a non PETENG.   Or is Antelope Deep going to be drilled in an entirely different location and really not deeper than current gwc found in other Antelope wells?

Croozer,

I apologize for the confusion.  It is not the GWC that comes into play, but any "petroleum encountered outside the Antelope Field (defined as Elk4 and Ants 1,2,3) but in "Pressure Communication" with the wells that are a part of the Antelope Field will be considered part of the Antelope Field.  Pressure Communication means:

(a). Such an accumulation has petroleum bearing sediments which are in direct and continuous petroleum contact with the Elk Field or the Antelope Field as necessary;

(b). Such an accumulation belongs to the same petroleum pressure regime al the Elk Field or Antelope Field with which it is in such direct and continuous petroleum contact;

©. The composition of the petroleum of such accumulation is consistent with the composition of the petroleum of the Elk Field or Antelope Field, as applicable, with which it is in such direct and continuous petroleum contact.

So again, GWC is NOT what counts.

Thank you for the clarification.  This stuff makes my head hurt.

'sageo' pid='34292' datel Wrote:

'TomCrooz' pid='34274' datel Wrote:

'Palm' pid='34196' datel Wrote:

'TomCrooz' pid='34191' datel Wrote:

'Palm' pid='34182' datel Wrote:

That definition has been posted a couple of times.  It's any structure within PRL 15 which is shown to have the same water contact, same pressures, etc as Ant; in other words, be in "communication with" Ant.  If so it is in the "Antelope Field" and would be included in the Antelope Field volumes.

Ok, I need more clarification....If "Antelope Deep" is what we think we will get the 1.29/mcf not the 100 mill/TCF, and the definition of being part of Antelope is having the  same water contact,  then we are not talking about going deeper into one of the existing Antelope wells as someone suggested earlier, Correct?  Because all the wells already have been drilled to GWC, drilling deeper through the GWC and into Antelope Deep would not share the same gwc RIGHT?  I don't know, but this is confusing to a non PETENG.   Or is Antelope Deep going to be drilled in an entirely different location and really not deeper than current gwc found in other Antelope wells?

Croozer,

I apologize for the confusion.  It is not the GWC that comes into play, but any "petroleum encountered outside the Antelope Field (defined as Elk4 and Ants 1,2,3) but in "Pressure Communication" with the wells that are a part of the Antelope Field will be considered part of the Antelope Field.  Pressure Communication means:

(a). Such an accumulation has petroleum bearing sediments which are in direct and continuous petroleum contact with the Elk Field or the Antelope Field as necessary;

(b). Such an accumulation belongs to the same petroleum pressure regime al the Elk Field or Antelope Field with which it is in such direct and continuous petroleum contact;

©. The composition of the petroleum of such accumulation is consistent with the composition of the petroleum of the Elk Field or Antelope Field, as applicable, with which it is in such direct and continuous petroleum contact.

So again, GWC is NOT what counts.

Thank you for the clarification.  This stuff makes my head hurt.

  Tom- Good am to you! Loved your" this stuff makes my head hurt". Now you know how I felt at times when I was studying under Dr. Folk at UT back in the 50s. He was quite a 'pistol'.(lots of bang in his lectures) .....at times he was a real "character". GLTY.

Sageo, I am amazed at guys like you and Peteng who can spend hours analyzing all the data and spitting it out in layman's terms.  I also get physically ill when trying to get my taxes together.  I consider myself a better big picture guy and let someone else deal with the details.