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Monday, October 12, 2009 4:12:03 PM
"Addax made a well or found something they want to return to on B4... The sequence of events speaks for itself. The 17-1/2" section was logged and then "casing set"... This is an extremely important event. Remember we discussed throw-away wells upon the drilling completion of Obo 1... This is not the case here... Casing was set and the well was T&A'd (not P&A)... Addax probably spent between $10M to $15M to do this so they could return to the well; either for further evaluation or for completion."
Kina appears to be a very successful venture.
Off to the woods! One at the processor....and tonight just looking forward to watching the leaves drop.
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