Drilling Update out !!!

[Thylacine-2]

AMEN, Tusker!!!  Not as much as I would like, but definitely significant news and very positive news, IMO, for the reasons you give and I have given.  Perhaps one minor correction, in that the third well (Wahoo) is not currently "drilling" as far as I know, but they are working on getting to that point again, with positive indications of what they haven there so far.  I shall be surprised if they don't hit discoveries at three out of three, and then another at Antelope Deep!

For one, I don't understand the Antelope Deep geology.  If anything it would be my guess AD is in pressure communication with Antelope given Antelope's vertical scale.  How then would AD have avoided being flooded over time?  I'll just have to leave any opinion to people with far more expertise and hopefully information.

I'll agree with Getit we are looking at 3/3 at Wahoo/Raptor/Bobcat with the principle questions remaining rock porosity and depth from the bottom of the shale to the top of the water surface.  Of course, those are key pieces of information when counting Ts.  Doesn't help me much though with my frustration over the crumbs we're being fed and the stock performance to date under our great new leader.

If I remember correctly, Hession stated in the one-on-one Q&A at the Shareholders Meeting with a group of us standing around that he did not believe Ant Deep would be in communication with Elk/Ant due to an upper fault structure..  He did state that it would not necessarily be a bad thing since it would increase the payout from Total.  As stiff as he is, he was almost giddy about Antelope Deep.

CF

Yes Cesium, I remember, Efi and I were talking with Byker and then Jon Ozturgot about Ant deep and the$ we would get from total if they were in commonication vs if they were not, and there was definate confusion as to the numbers. We both then went over to the circle where Hession was and he seemed to contradict what the two of them said, indicating that that if it wasn't connected the numbers would be MUCH less, BUT because we would have 30% or so action from ant deep from a future return from an lng plant, THAT was what hession was so pumped about.

i'm still waiting for an explanation from anybody about how Ant Deep, deeper than Antelope, below the water contact in Antelope, could be in communication with Antelope and contain hydrocarbons rather than water.

[jft310]

Not being a Pet Engineer here's a stab. Antelope Deep lies along a fault line . Pretty big one actually. In nature we see water falls all the time of varying heights. Maybe the seismics show not only is the formation faulted but also the water contact . Makes common sense but others may know way more than.

[sageo]

I hear Wahoo will not start up until next year.

And what is your source for said information?

IOC company source.  Let's leave it at that.

 Movieguy-Good Wednesday evening to you. Based on the geology and seismics that we have thus far at Wahoo and the old Mako(or Makko) combined,I believe we can safely say that if Wahoo #1 turns out to be a commercial well, that we will have a "gangbuster" reservoir. (many Ts of ng or possible lots of oil). Thus far , have seen several good sites for future wells. I guess only time will tell. Good fortune to you and yours.

[Movieguy]

I hear Wahoo will not start up until next year.

And what is your source for said information?

IOC company source.  Let's leave it at that.

 Movieguy-Good Wednesday evening to you. Based on the geology and seismics that we have thus far at Wahoo and the old Mako(or Makko) combined,I believe we can safely say that if Wahoo #1 turns out to be a commercial well, that we will have a "gangbuster" reservoir. (many Ts of ng or possible lots of oil). Thus far , have seen several good sites for future wells. I guess only time will tell. Good fortune to you and yours.

I hope Wahoo turns out as you state above, Sageo.  Thank you for your kind wishes, and all the best to you and yours.