Finally carving out some time to look a little deeper. Searching past presentations. Found late Dec 2012 exploration presentation and the more recent Q3 confernece call of 2013 slide 19. Noted these bullets. That might explain the 60 day well. If you have a road to the site, then logistics are tremendously improved vs. flying everything in by chopper.
- Multi-TCF potential Miocene reef supported by both gravity and seismic signatures consistent with Antelope.
- Location close to existing PNG infrastructure and roadway
- Roadway from local highway to proposed location under construction
- InterOil’s Rig#3. is being mobilized to the drill site
Also there is some seismic showing 2 possible locaitons about 1.5 km apart. Not sure which one we picked. The seismic shows what appears to be planned well TDs of ~2000. Units must be meters or it could be time. That's 6561 ft if its meters. Not very deep.
Not sure what the colored yellow, blue and green lines are supposed to mean, but if that is a structure, then the blue one has a pretty good dip to it.
Slide 12 of the April 2014 Investor Presentation shows all the planned wells, days, AFE. As everyone knows Wahoo is AFEd for $50 Mln and had 60 days in the plan.
Slide 13 of the May 2014 Q1 presentation has these bullets on Wahoo.
- Prospective carbonate build-up, defined by seismic and gravity
- Seismic indicates several characteristics similar to Antelope
- Gas seep at surface recorded at nearby Popo-3 well
- Several follow-up targets in PPL474
I like the last bullet. An old 2012 seismic slide showed 4 Wahoo targets, A, B, C, and D.
This slide is much more blurred, but it looks like targets B & C are within distance of each other as a sidetrack IF the target is deep in the well. However, this seismic looks quite different than the more recent slide noted above. This may be from another direction. Can't tell.
Still if sidetracking was part of the plan to test more than one target (by test I mean drill through it and log it), 60 days seems too short.
Anyone found any more than this?
