PNG LNG Partners Going Deep

[Getitrt2]

I think OSH is drilling Hides Deep, with a Nabors rig, spudding a new well from an existing pad, and all they have on the reservoir so far is seismic.

[Tusker]

Let's not forget the latest Interoil Press Release which states at Raptor on top of the limestone or reservoir rock , ready to set liner and drill ahead. Huge difference with a Hides exploration well to still be drilled and unknown finds . At Raptor we have reservoir rock . Now how much ?. Please see the Press Release re Antelope for a clue?? Apples and Oranges defined.

More important Dave Holland per the last call is in charge of daily drilling . He has a huge success history. The Australians have backed off daily drilling. Who knows Why????hoho

Let's not forget that Puri 1, Puri South, and Puri Deep are all a hop and skip from Raptor.  Wonder if Hides deep is also next to a foot wall. Recall, one finds oil and gas near oil and gas.

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Cheers

[Palm]

Nabors rigs 702 and 703 are under contract to ExxonMobil PNG and Exxon has been doing Hides drilling. The well pad for Hides F1 Deep is ready and 703 was being mobilized to the well pad a couple of weeks ago. Once they start drilling it won't take them all that long.

[jft310]

Raptor is one deep well for PNG with over pressured conditions. Doesn't the depth and the conditions effect how long to drill.??? Raptor has reservoir rock/limestone and the new Hides well no one knows. I like Raptor's chances. When for news unknown??

[Palm]

Hides has a very known structure with several wells already drilled and producing. They are going through the same formation with rigs which have already been used in the formation and going 700 meters deeper through Hides Toro/Digimu reservoirs.

See slide 18:
http://www.oilsearch.com/Media/docs/1409...7419-0.pdf

Much more of a known with a rig already used by a very experienced crew.