Pet

[Dr. Wu]

Based on page 6 pressure and depth data, Interoil seems to firmly state they have enough in Elk-Antelope to support 2 trains.  Yet the sense is Ant 5 and potentially Ant 7 could materally increase this.  In your view does this data suggest significantly greater resources than 7 Tcf?  I believe 10 Tcf is something like a $1.7 bil recert payment..

Many thanks in advace for any updated thoughts.

[jft310]

Morgan Stanley in their Behaving like a giant report stated a minimum of $1.7 Billion payment size . fWIW.

[sageo]

Based on page 6 pressure and depth data, Interoil seems to firmly state they have enough in Elk-Antelope to support 2 trains.  Yet the sense is Ant 5 and potentially Ant 7 could materally increase this.  In your view does this data suggest significantly greater resources than 7 Tcf?  I believe 10 Tcf is something like a $1.7 bil recert payment..

Many thanks in advace for any updated thoughts.

Dr. Wu - Am hoping that we will hear from Pet this evening . In the meantime,some comments. Some time back when I was mentioning the possibility of an Ant 7, Pet stated that 2 or 3 more Ant wells may be needed to determine the exact location of the westward fault . Even if more wells to the west of Ant 3 and Ant 5 were drilled and cut the fault, there was a strong possibility that we would still have many meters above the fault that would be very productive .(Very important to remember.....in Ant 5 , we drilled another 750 to 800 ' below the G/W contact and still had not cut the fault !) . The reservoir map on page 6 looks fantastic,but we still must remember that this is "not gospel" as of this moment . If it turns out that we do have this much more reservoir to the west, then we can be very thankful.   OT....on Ant 6 ,,,,if we find as much dolomite in #6 as we have found in #4 ,this will delineate our Ant reservoir even stronger. Hagd .