02-18-2012, 03:49 AM
SupaSage,
That was some SupaSageolistic work! Just want to add a small addendum for all the investors new to the drilling world.
Drilling a single well at T2 will not prove that the
4.59 Tcf estimate from KR is 100% correct. Some great data will be gathered and some gas resources will be booked! But it takes more than 1 well to define a field so it could take up to 18 months of additional drilling for IOC to determine if T2 is 2-4 times the size of E/A.
So while our PPS will likely get above 500/pps it won't happen after a single T2 well. Just in case someone was beginning to set up the financing for that 200 foot yacht. :-D
Health and Happiness,
efi
That was some SupaSageolistic work! Just want to add a small addendum for all the investors new to the drilling world.
Drilling a single well at T2 will not prove that the
4.59 Tcf estimate from KR is 100% correct. Some great data will be gathered and some gas resources will be booked! But it takes more than 1 well to define a field so it could take up to 18 months of additional drilling for IOC to determine if T2 is 2-4 times the size of E/A.
So while our PPS will likely get above 500/pps it won't happen after a single T2 well. Just in case someone was beginning to set up the financing for that 200 foot yacht. :-D
Health and Happiness,
efi