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Oil Search Drilling Report
#11

Syd, You may want to get some sense of humor. We're aware of the seriousness of the items you point out and maybe that's why we should lobby for Admin to start an OSH/Santos MB for you. The "Kid-u Kid-u" is meant as a play on the "Fool me once............" saying. We understand that the formations MAY yet prove out to have immense finds for OSH and Total and possibly underpin Trains 3, 4 .......... to infinity for PNG LNG. This was an optional drill for Total I believe. It's understood that you ONLY go by what info is in front of you, but that didn't work out so well when we were discussing that it was reasonable to think that IOC might be asking for ownership in any PNG LNG trains for which it might supply gas and not just be looking to sell gas to the project. Most here thought it was not only reasonable, but that IOC would be crazy to NOT be negotiating for ownership. You thought otherwise, but it appears from OSH's own comments that it is a quite reasonable assumption. Many of us here like to speculate based on what's in front of us.

To cut through the humor of my post and add to what a couple of others have said here, from the 3 wells drilled it appears that results may have been less than what was expected and it will be interesting to see whether more wells are drilled and whether Total elects to participate in the costs thereof.

Miss your Smile; try and put it back on.

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Messages In This Thread
Oil Search Drilling Report - by Resourcearb - 08-29-2013, 10:19 PM
RE: Oil Search Drilling Report - by jft310 - 08-29-2013, 10:33 PM
RE: Oil Search Drilling Report - by Tusker - 08-29-2013, 11:22 PM
RE: Oil Search Drilling Report - by CAC - 08-29-2013, 11:46 PM
RE: Oil Search Drilling Report - by Palm - 08-29-2013, 11:54 PM
RE: Oil Search Drilling Report - by Palm - 08-30-2013, 12:12 AM
RE: Oil Search Drilling Report - by sydbod - 08-30-2013, 02:06 AM
RE: Oil Search Drilling Report - by jft310 - 08-30-2013, 02:21 AM
RE: Oil Search Drilling Report - by sydbod - 08-30-2013, 02:26 AM
RE: Oil Search Drilling Report - by trans - 08-30-2013, 02:41 AM
RE: Oil Search Drilling Report - by Palm - 08-30-2013, 03:12 AM
RE: Oil Search Drilling Report - by sydbod - 08-30-2013, 09:37 AM
RE: Oil Search Drilling Report - by sydbod - 08-30-2013, 10:05 AM
RE: Oil Search Drilling Report - by Palm - 08-30-2013, 12:44 PM

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