'sydbod' pid='32280' datel Wrote:Hi kommonsents,
It is not a matter of drilling deeper to see if oil is there, they have to drill to the water level to find how high the gas pay zone happens to be. Once they hit water, there is no oil below the water level. Although the gas may originate from oil producing areas, the gas can migrate very long distances from where the oil happens to be. I will admit, there are a few oil weeps near/within the IOC area, so there may well be oil found but in all probability it will be in non-commercial quantities.( it would be nice if I happen to be wrong though)
Hi sageo.
I was only querying "IOC is drilling 6 new wells in the next 12 months on an oil search but would be delighted with more NG".
I took that to mean that the primary objective of the search was for oil.
I also was supprised about that extra seismic line, but I guess we will have to wait till next year before we get any information about what is happening there.
The screwing around with oil cost us an extra year or year and one half on Elk/Antelope. That was PM's big drive, To find that oil. I say do the nat gas and if we stumble onto oil, so be it.