Indoreservoir:
You've been negative all along on IOC and drilling POS since you joined SHU in August.
Do you, in your wildest dreams, think that InterOil would have borrowed $250 Million to drill 3 wells if each one had a POS of 10% - 20% at best?
I don't think that Dr. Hession (a PhD trained geoligist) and Dave Holland (the best working geologist in the region) would risk the entire company if they thought the odds of success were less than 80% on the worst of the 3 wells. Never mind 10%.
With all due respect, if you want to "throw water" on the IOC drilling endeavors, do so with specific facts related to the three fields that willl be "spudded" in the coming weeks, not on historical drilling success rates where "dry hole blowbacks" occur on a regular basis.
You've been negative all along on IOC and drilling POS since you joined SHU in August.
Do you, in your wildest dreams, think that InterOil would have borrowed $250 Million to drill 3 wells if each one had a POS of 10% - 20% at best?
I don't think that Dr. Hession (a PhD trained geoligist) and Dave Holland (the best working geologist in the region) would risk the entire company if they thought the odds of success were less than 80% on the worst of the 3 wells. Never mind 10%.
With all due respect, if you want to "throw water" on the IOC drilling endeavors, do so with specific facts related to the three fields that willl be "spudded" in the coming weeks, not on historical drilling success rates where "dry hole blowbacks" occur on a regular basis.
Drivel Maven with Personality