'Gator' pid='62637' datel Wrote:http://shareholdersunite.com/mybb/showthread.php?tid=6330&highlight
Petrengr1 is the most respected poster on this board. I am highlighting one of his posts from a year and a half ago to show the lack of progress InterOil has made with certification in the past 12 months. (It was posted April 1, 2014 so maybe it was Pets idea of an April Fools joke).
Thanks Gator. Please note that this forecast was from the Company and not from me. The reason we are running so far behind is that it took “forever” to drill Raptor-1, Bob Cat-1, Wahoo-1 and Antelope-4 instead of the 90 days they predicted.
On a more current subject they told us on August 13th that they had reached TD at Triceratops-3 and were preparing to log. They bragged about how quickly they got this well drilled but it has been 28 days since reaching TD and no word on the results. They have had plenty of time to log, take sidewall cores and test. Maybe we should give them a little break if they have run and cemented 7” casing and are testing multiple zones inside casing. We have had problems in the past getting the bottom zones to flow to the surface due to sub-normal bottom hole pressure. They were aware ahead of time that a heli-portable swab unit might be required to test these lower zones. There should be no problem getting the upper zones to flow, so as usual, we are most interested in seeing the porosity and flow potential of the well. They should have plugged off the water and tested the open hole down to the gas/water contact like I suspect they did at Antelope-5. But of course, they have never said what they were testing at Antelope-5.
Triceratops-3 is supposed to be in the same reservoir as the upper reservoir at Triceratops-2 and
Bwata-1 so we should have an impressive gas column thickness. If we have good porosity (reef?) we should have a good well.
They have apparently changed their interpretation of what they had at Triceratops-2. We were previously told that the two reservoirs were separated by an impermeable marl streak. Now it appears, based on http://tinyurl.com/p5bttdy slide 12 , they believe the two reservoirs are separated by a fault. The lower reservoir may have some gas in it up dip to the south but it appears that the larger resource volume is to the northwest where they drilled Triceratops-3. Here’s hoping they were right.