03-06-2012, 07:02 AM
Guys, I think the word for what's already been found indicating shallow water reef like Antelope (and probably with dolomite as well), is "coral", not "coal", a great sign already it seems to me!
Maui, the estimated 7-10 days is not just for liner, but for all those mechanical things being done now before drilling into the reservoir, including running and setting the liner, conducting vertical seismic profile, running tie back with dual down hole deployment valves (DDV), installing managed pressure drilling equipment, and testing blow out preventer (BOP). Then they will drill into the reservoir and conduct a drill stem test, logs, etc.
He said one group of bidder/candidates were in PNG talking with the government today (apparently JKM), and others (plural) were visiting PNG also!
Palm, regarding numbers 2 and 4, he said the 7.6 mmtpa plus in the project agreement will be met by the current project plus expansion with the new project partner; and I didn't hear anything about Petromin needing to go first on FLNG, which I do not think is the case.
He not only said they have plenty of cash now, but that they expect to get substantial cash from a new partnership deal which will allow a much accelerated exploration program, along with drilling partnership(s) with the new project partner(s) or others, for which they have great interest.
Maui, the estimated 7-10 days is not just for liner, but for all those mechanical things being done now before drilling into the reservoir, including running and setting the liner, conducting vertical seismic profile, running tie back with dual down hole deployment valves (DDV), installing managed pressure drilling equipment, and testing blow out preventer (BOP). Then they will drill into the reservoir and conduct a drill stem test, logs, etc.
He said one group of bidder/candidates were in PNG talking with the government today (apparently JKM), and others (plural) were visiting PNG also!
Palm, regarding numbers 2 and 4, he said the 7.6 mmtpa plus in the project agreement will be met by the current project plus expansion with the new project partner; and I didn't hear anything about Petromin needing to go first on FLNG, which I do not think is the case.
He not only said they have plenty of cash now, but that they expect to get substantial cash from a new partnership deal which will allow a much accelerated exploration program, along with drilling partnership(s) with the new project partner(s) or others, for which they have great interest.