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The reef and 2200 foot gas column was confirmed when they found the top of the carbonate as expected. When they found the carbonate high, at the elevation expected, that confirmed the presence of the reef and validated the seismic picture. I think I read that somewhere already.
The gas in the mud while drilling the shale above the carbonate does not have any commercial significance. It is just a kind of indication that you are drilling in a gas “province”. They always see this in these wells. See my post #6569 on January 17th. With the kind of gas we have in the reef we will not be worrying about shale gas. Maybe in a few decades in someone else’s lifetime, not ours.
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Thanks Pet. Wish I had half the understanding of this that you do, but that's why it's good to have your expertise and input. This whole process is extremely intriguing and it amazes me how IOC has been able to do this kind of precise seismic work in these jungles. Phil's comments also are interesting where he mentions their targets are basically exclusively reefs. It's obvious they've had a very good idea for a long time what they are sitting on. Also of interest is the license areas they have decided to keep when they renew. Seem to be very strategic "path" along the string of pearls from NW to SE. With their comments that Triceratop's closure could extend further yet to the NW outside of the current phase 3 work done, they could drill there for many years it seems.
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Congratulations to all IOC longs. I believe it's the start of long list of good news!
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["The reef and 2200 foot gas column was confirmed when they found the top of the carbonate as expected. When they found the carbonate high, at the elevation expected, that confirmed the presence of the reef and validated the seismic picture. I think I read that somewhere already."]
Well, I didn't (although I sort off inferred as much), thanks for making that clear. It needs pointing out because it looks like not everybody is aware of this.. :-P
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So; for clarity, we know that there is a reef, and we know there"s dolomite. We dont know size or porosity or permeability yet, but the confirmation of a reef and dolomite seems to be HUGE, am I overestimating the importance of this Pet? It seems from the seizmics and with this confirmation we go from 90% to 99% probability now of something very significant.
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Do we, in fact, know there is dolomite?
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I took the following from the post to confirm there is dolomite.
Mulacek said drilling at the T-2 well is going pretty smoothly and the well is at the top of the targeted reef and confirmed limestone/dolomite reservoir.
All good stuff!!!
