'Spartina' pid='34390' dateline='<a href="tel:1387104 Wrote:mcfe for prl 15. Why is there such a large difference in the price for an undiscovered gas structure in prl 15 vs just more gas in E/A? There has been some mention that the "elephant" may actually be in comunication with E/A which would make it part of the same E/A structure and therefore be worth 1.29 $ per mcfe. BUT, if it's not connected, and considered a seperate structure with in prl 15, it's only worth .33 $ per mcfe and Total gets the first T for free. Can anybody help explain why there is such a huge differential here? Pet? This does not make sense to me. Tia.
To me the choice of words Hession used tell the tale . He did NOT call the formation Bighorn but called it Antelope Deep implying its part of the Antelope structure they believed . Or if they are right IOC gets paid $1.29 . Seems Dave Holland has good reason to think it's connected somehow.