Drilling Update out !!!

[Getitrt2]

August 13th in the CC Hession said: "With that in mind, let's turn to Bobcat and Raptor. Bobcat is a test of a seismic and gravity-defined structure on the proven trend between Triceratops and Elk. We're currently drilling in the Orubadi, our seal, which we have proven is present. High pressures are being encountered, which is common in heavily structured areas like ours. We're nearing but have not yet reached prognosed target depth. Patience is required." So in the six weeks since August 13th at Bobcat we've gone from "We're nearing but have not yet reached prognosed target depth" to "The Bobcat-1 well in PPL 476 in Papua New Guinea continues to drill in the Orubadi shale, towards the Kapau Limestone target zone." How can anyone conclude anything other than Hession has his crews drilling with the bit upside down? This is unmitigated crap. There's an awfully big story here somewhere. I'm immediately reminded of the newly released tapes by the (former) Fed specialist Carmen Segarra where a senior Goldman compliance officer stated "Once clients were wealthy enough certain consumer laws didn’t apply to them.” (http://www.thisamericanlife.org/radio-ar...arra?act=0 (09:30) )

Exactly! Aparantly we're at less depth now than we were 6 weeks ago. The "new Interoil" is looking more and more like the "old interoil"... except they cannot drill, or release information;

I would say you have reached an incorrect conclusion about the depth, or are expressing your impatience and frustration with some irrational sarcasm.