06-20-2015, 01:39 AM
'Palm' pid='59603' datel Wrote:Another comment: On the drilling, if per your schedule we are drilling outside of EA 4 wells/year it will be for the purpose of the next PRL sell-downs; Wahoo area being the most likely should they hit there. On the MS interview he cautions several times on how uncertain this prospect is due to the large step-out from where they have drilled to date. Should Wahoo hit AND prove to be a true extension of the reefal "string of pearls", we will not only have a nice sell-down, but it likely will be hard to hold onto the company. Should Wahoo not prove out, they have other prospects, but they may cut back on drilling until/unless they find another promising multi-T prospect/area. But with what we have within PRL 15 between FID on a 2-train startup and the expansion FIDs I'm not too concerned overall with a major cash squeeze down the road. They have done a great job managing cash needs well before there is a crunch since Hession's team has taken over. That was a big issue in the past, but now is in good hands.
Palm - If Wahoo doesn't prove out, I would humbly suggest that our next path would be the Raptor side-track . The newer seismics and the interpretation thereof makes me believe that this possible giant should be high on the list for near term consideration .As MH mentioned in the MS interview...(Raptor) "a condensate content that is better than we've seen in other wells". Just thinkin' out loud,fwiw . Best to you. [ Am I an expert on seismics....of course not,but I have looked at a few over the years]