• When a CEO says "very exciting" while trying to manage expectations, it tells me at least Wahoo is a discovery. While you are drilling a well there are all sorts of indicators. You have the actual geology coming up in samples while you drill, gas detectors which alert you to the presence of hydrocarbons and warn you to protect against blowouts, various logging devices which give you different physical properties and importantly, the presence or absence of hydrocarbons in detail. Finally you test the prospective zones to measure the flow rates and indentify the composition of any hydrocarbons. Then you button up the well by either by installing wellheads for later production or pouring the cement in to abandon. No announcements would be made until all this is complete.
  Two to three months after spudding is a long time to drill to the relatively shallow depths we have here. While it's somewhat dependent on rig capacity, and any trouble you run into, I would say they're probably done with the actual drilling. Logging is only 1-2 days. My guess is they're into testing (which can last weeks, probably on Wahoo) and likely abandonment on the other wells
  
  I think it's likely that they've identified reefal carbonates and a significant gas column; otherwise, it wouldn't be "very exciting

'jft310' pid='44854' datel Wrote:

• When a CEO says "very exciting" while trying to manage expectations, it tells me at least Wahoo is a discovery...

There you go again, JFT.  The CEO didn't say "very exciting" in that article.  An unsourced rumor from the north did.

Oh, maybe you were quoting from somebody on Yazoo.  Sorry.

CF so true

i found this to be an interesting post .why?

I didn't explain but I was asked privately several times about wire logs and testing and times to add to drilling to target depth.

This post states wire logs take several days , please add to drilling time.

This post states testing can take weeks, please add to drilling time.

We don't know for sure but this could explain the wells news from Wahoo taking more than 60 days to reach investors.

Would fit with the very exciting comment