Where are the Elephants?

[petrengr1]

Where are the Elephants?
Hession is an Elephant hunter.
Hession has seen the Elephant tracks.
Hession has said we will drill the high impact prospects.
Hession has said the rigs we have now are not suitable for drilling Antelope Deep.
We have made a contract with High Artic for a heli-portable rig  http://tinyurl.com/pppxs92
 
New rig is expected to spud the first well by November 2014. (may have slipped to 1st Qtr. 2015)
Deep gas fields hold more gas per cubic meter of reservoir rock with equal porosity due to the higher pressure.
Top of the limestone reservoir at Antelope-1 was at 5,735 feet. Total depth was 8,071 feet.
We are now drilling Bobcat to an planned TD of  10,282 feet.
We are now drilling Raptor-1 to a planned TD of 14,764 feet.
Antelope Deep-1 is expected to spud in the 1st Qtr of 2015 and I expect it to be deeper than Raptor-1.
We obtained an additional line of seismic for Raptor-1. See the line that runs from northwest to the southeast at http://tinyurl.com/m32z6ho ; page 20. This line fills a gap to the northwest where they showed an alternate location for Raptor-1.
We obtained an additional line of seismic at Bobcat. See the yellow line on page 21 of the above presentation. Notice that this line extends well to the south of Bobcat and crosses the red ridge shown on the map. I believe it probably also crosses the seismic line they got for Raptor. So it looks like they are interested in an area northwest of Raptor and south of Bobcat. This area is Puri/Puri Deep and Kereru Deep. The red ridge may be the Kereru Deep trend.
In some of these folded and faulted (spindled and mutilated) areas we will have the Puri Limestone folded, faulted and thrusted under itself so we might have to drill through the Puri limestone twice (or more) to get to the “deep” reservoir. They drilled through the Puri twice at Puri-1 and Elk-2 and the picture that they showed at the annual meeting
http://tinyurl.com/qzle2wy page 20 indicates that we will have to drill through the Puri Limestone twice to test the Antelope Deep structure.

The deeper prospects that are currently being drilled or may be drilled in the future are:
Bobcat
Raptor
Antelope Deep
Puri Deep
Kereru Deep
Duck Bill

Happy hunting.

Ps - Let’s look a little closer at http://tinyurl.com/qzle2wy
 page 19 and see if we can learn any more about the future plans of IOC. The red circle has a radius of 30 km and represents the area Hession says is within the tieback distance for using the facilities that are planned for Antelope Field. They also show the two wells (shown in red print)  that are currently being drilled, Bobcat-1 and Raptor-1, as well as  “Another 6 being studied and high-graded for future drilling”. These prospects that are being studied and high-graded for future drilling are shown in  white print and are:
1. Puri Deep
2. Mule Deer
3. White Tail
4. Duck Bill
5. Antelope Deep
6. Jaguar

I see another interesting point on page 13 of this presentation where it says:

“Triceratops - 35KM North-West of Elk-Antelope; possible tieback candidate for PRL15”.

 So I guess the red circle on page 19 for the acceptable 30 km radius for tying back to the planned Antelope facilities is not iron clad and it is possible that they will also consider bringing Triceratops to the Antelope facility.

We are scheduled to spud the appraisal well Triceratops-3, shown on page 13, in the 4th Qtr of 2014.

Note that page 13 also says: “Complex structure with significant up-dip potential to west”. Since this Triceratops structure is “complex”, shallow and relatively low pressure as compared to some of the Elephants mentioned above it may not get as much attention as the deeper, higher pressure and potentially “multi-TCF” prospects.