06-16-2012, 09:52 AM
Pet got a look at a 10 foot long drilling log from T2 and went over it with Phil. It will be interesting to read his take.
I'm amazed how much column there is below the mid cap when you compare it to the top chamber which itself is a pretty substantial find. The reasons given for the delay getting reliable DSTs from the lower chamber seemed quite plausible (even humorous regarding getting the penetrating charges through PNG customs). No one is going to know for sure what is there until the column pipe is in, cemented, shot full of holes and and swabbed. Two weeks to four months is the new time frame per Phil.
I struggle with differentiating between condensates and oil, but Phil thinks there's a very good chance there's likely a whole lot of light liquid down that hole. I don't know enough to reject out of hand the idea it could be all condensate with dissolved NG like CO2 in a soda bottle. Just like with the selldown, patience needs to be our mantra as stockholders. Nothing I saw today sends an alert flags up my pole. To the contrary. Everything continues to look and sound excellent.
I'm amazed how much column there is below the mid cap when you compare it to the top chamber which itself is a pretty substantial find. The reasons given for the delay getting reliable DSTs from the lower chamber seemed quite plausible (even humorous regarding getting the penetrating charges through PNG customs). No one is going to know for sure what is there until the column pipe is in, cemented, shot full of holes and and swabbed. Two weeks to four months is the new time frame per Phil.
I struggle with differentiating between condensates and oil, but Phil thinks there's a very good chance there's likely a whole lot of light liquid down that hole. I don't know enough to reject out of hand the idea it could be all condensate with dissolved NG like CO2 in a soda bottle. Just like with the selldown, patience needs to be our mantra as stockholders. Nothing I saw today sends an alert flags up my pole. To the contrary. Everything continues to look and sound excellent.