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Re: balance_builder post# 177292

Saturday, 08/29/2009 9:18:41 PM

Saturday, August 29, 2009 9:18:41 PM

Post# of 361667
BB - Thanks and it's my pleasure. CVX had both top hole problems and had to side track the well (kick out of the main well bore)in the intermedate hole above the estimated production zone. Both of these situations extended drilling time.

We may very well terminate drilling in 30 to 45 days but operations may not cease until our operaters have determined that they have sufficient data from the well. This could inculde coring, wire line runs and even last minute resevoir testing (which is not planned at this time). An extended test could take up to 30 days.

Appart from drilling hazard mitigation like on Obo 1 - delays on exploration wells usually signify positive developments.

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