Morning Funny

[jft310]

WOW !!!  Off shore, gross gas column of approx. 129m, 15m of net gas.  Peter was please by the successful evaluation….  The morning funny. 

http://www.woodside.com.au/Investors-Media/announcements/Documents/04.01.2016 Woodside Discovers Gas Offshore Myanmar.pdf 

[ArtM72]

"The well reached the planned original total depth (TD) of 4810 m, referenced from the rig
rotary table. Following drilling, wireline logging was conducted and confirmed the presence of
a gas column through pressure measurements and gas sampling. The well was subsequently deepened to a final TD of 5306 m.

The well was spudded on 27 November, reached its original target on 23 December and
wireline logging concluded on 29 December."

Nice production rate.

[Tusker]

Agreed. But, I get the impression that Peter is blowing smoke.

Did you notice that Total E&P is a partner in the exploration?

My guess is that the participants are LOOKING FOR OIL - NOT NATURAL GAS !!

My guess is wrong !! It is a "Gas Target" Gas sea to shore via pipeline for domestic Myanmar and Thailand consumption only.

The deep water prospect may well be both oil and gas.

[jft310]

The net pay height pales when compared to most e/a wells .

[Putncalls]

It was also in deep water.