03-11-2013, 01:56 PM
Recognizing Pet's post was to establish some "comp" to E/A, a recent update announced at 17,000 feet they found in their fourth well (only the second successful delineation well?) a net pay of 454 feet. Maybe our shorts should have been concentrating on Noble and Woodside. Here's an excerpt:
Noble Boosts Leviathan Resource Estimate with Latest Find
by Noble Energy Inc.
Press Release
Wednesday, March 06, 2013
"Noble Energy, Inc. announced results from its second Leviathan appraisal well located in the Rachel license offshore Israel. The Leviathan #4 appraisal well was drilled to a total depth of 16,992 feet and encountered 454 net feet of natural gas pay in multiple intervals, the thickest net pay of any well drilled to date at Leviathan. Reservoir quality and the field-wide gas/water contact were confirmed at the well location and 240 feet of core were recovered. These results have enhanced the Company's understanding of the reservoir, which has led to an increase in the estimated recoverable gross mean resources of the field to 18 trillion cubic feet (Tcf) with a range of 15 to 21 Tcf.
http://www.rigzone.com/news/oil_gas/a/12...atest_Find
As of last year on Leviathon:
"HOUSTON, May 2, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced that the Leviathan deep well offshore Israel has reached a depth of approximately 21,400 feet, the deepest known penetration in the Levant Basin. High well pressure and the mechanical limits of the wellbore design resulted in the suspension of drilling operations before the primary objective was reached.
"Over the course of deepening the Leviathan #1 well, the Company and its partners have obtained valuable geologic and engineering data about the basin. At approximately 21,000 feet, the well encountered a zone where natural gas was detected. The composition of the natural gas was heavier than discovered in the shallower intervals and suggests a thermogenic source. Additionally, at total depth of 21,400 feet, higher pressure was encountered indicating the possibility of an overlying seal.
http://investors.nobleenergyinc.com/rele...eID=669858
Kind of makes me wonder how such huge reserve numbers can be claimed when you only have two wells delineating the field.
Noble Boosts Leviathan Resource Estimate with Latest Find
by Noble Energy Inc.
Press Release
Wednesday, March 06, 2013
"Noble Energy, Inc. announced results from its second Leviathan appraisal well located in the Rachel license offshore Israel. The Leviathan #4 appraisal well was drilled to a total depth of 16,992 feet and encountered 454 net feet of natural gas pay in multiple intervals, the thickest net pay of any well drilled to date at Leviathan. Reservoir quality and the field-wide gas/water contact were confirmed at the well location and 240 feet of core were recovered. These results have enhanced the Company's understanding of the reservoir, which has led to an increase in the estimated recoverable gross mean resources of the field to 18 trillion cubic feet (Tcf) with a range of 15 to 21 Tcf.
http://www.rigzone.com/news/oil_gas/a/12...atest_Find
As of last year on Leviathon:
"HOUSTON, May 2, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced that the Leviathan deep well offshore Israel has reached a depth of approximately 21,400 feet, the deepest known penetration in the Levant Basin. High well pressure and the mechanical limits of the wellbore design resulted in the suspension of drilling operations before the primary objective was reached.
"Over the course of deepening the Leviathan #1 well, the Company and its partners have obtained valuable geologic and engineering data about the basin. At approximately 21,000 feet, the well encountered a zone where natural gas was detected. The composition of the natural gas was heavier than discovered in the shallower intervals and suggests a thermogenic source. Additionally, at total depth of 21,400 feet, higher pressure was encountered indicating the possibility of an overlying seal.
http://investors.nobleenergyinc.com/rele...eID=669858
Kind of makes me wonder how such huge reserve numbers can be claimed when you only have two wells delineating the field.