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Reservoir Quality
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 My biggest concern at this point has been poor resevoir "quality". If we drill a permiable resovoir I think much Of IOC's uncertainity is dissapated. How long now that the bit it in the limistone? I like the word dolomite! Calcimitry is an excellent indicator on a per well basis and indactes the amount of dolomite in the limestone.
10-03-2014, 01:24 PM
Even if the slate is a big hurdle, the prize is still the same guys. Raptor is thru the slate and may be reporting signs of dolomite. Maybe the market is wrong on this?
(10-03-2014, 01:24 PM)Putncalls Wrote: Even if the slate is a big hurdle, the prize is still the same guys. Raptor is thru the slate and may be reporting signs of dolomite. Maybe the market is wrong on this? I think the market is "wrong" on where it's pricing IOC now, but I feel sure the price is not where it is because of judgments by the market about what IOC has or doesn't have in these wells or about the quality of any reservoirs that haven't even been confirmed with hydrocarbons yet, nor for the most part because of supposed "failures" or incompetence some have been repeatedly complaining about, although I can't help thinking that latter constant negativity hurts the stock to some extent. I do agree the comment about calcimetry, etc. at Raptor being similar to Antelope is potentially hugely positive, and probably reflects a high level of confidence at IOC about what they have, although they rightly point out the confirmation needed from drilling.
10-04-2014, 07:04 AM
'Getitrt2' pid='50422' datel Wrote: The market has been wrong for 4+ years? That's like calling Solynda's failure a plot aganst solar energy. Two out of three exloration holes are now "on hold", after a 250% schedule slip followed by an admission that the GLJ certification isn't "good enought". I'm glad the market is right at this point. If it had a half full view then I would have to be conserned about another bubble in the stock market. 
10-04-2014, 08:15 AM
Has anyone addressed the question whether or not it is possible Raptor could be in pressure communication with Antelope?
By the way, Put, the market seemed a little "less wrong" about a year and a half ago :-)
10-04-2014, 08:32 AM
Raptor is a lot deeper than Antelope. It is far below the gas/water contact level at Antelope. Therefore, according to the immutable laws of nature and the gods of the deeps, in the extremely unlikely event that Raptor were in pressure communication with Antelope, Raptor would contain water, not hydrocarbons.
10-04-2014, 09:15 AM
'Thylacine-2' pid='50438' datel Wrote:Raptor is a lot deeper than Antelope. It is far below the gas/water contact level at Antelope. Therefore, according to the immutable laws of nature and the gods of the deeps, in the extremely unlikely event that Raptor were in pressure communication with Antelope, Raptor would contain water, not hydrocarbons.
Thx. I (normally) love this board.
10-04-2014, 09:33 AM
Put: I thought only Wahoo was on hold and the other two are not on hold. Other than Wahoo, what are saying is on hold?] |
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