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Because many seem to want to turn a blind eye, whether from simply being unfamiliar with the inherent risks and danger always present whilst drilling a well or, more troublesome, knowing said risks and wanting to deny them, for whatever reason. As I mentioned to Brad, just human nature operating in its usual zone.
Brad, here's a good example already:
Posted by: howies1
In reply to: Cardinal Relentless who wrote msg# 1350 Date:8/9/2006 9:38:37 AM
Post #of 1352
Please shut the hell up already.
It's ok, Brad; human nature has a desperate need to asperse as a way of dealing with panic and uncertainty. It's the "Shoot the Messenger Syndrome" at its finest. Open any history text and one sees example after example.
And somewhere, Santayana laughs hysterically.
It's always fun to ascribe motives that don't exist as a way of rationalising that which we don't understand, isn't it?
The "long, thin straw" was the analogous equivalent to a drill string attempting to do the same thing, only vertically. I thought it un-necessary to call attention to the analogy, but I see in retrospect that I should have, to avoid confusion and miscomprehension.
There are "options" aidan, but if none of them succeed in achieving "unstuck", well, game over. Simple as that.
Drilling around a piece of stuck pipe adds even more risks and uncertainties, and makes the odds against any success even higher and, thus, more remote.
I'm sorry this isn't going according to your pre-conceived notions of what "ought" to be happening, but this is all part of the high-risk casino called The Oil Patch.
I hope their drill-around is successful as much as you do. But right now, all there is... is "hope".
p.s.
excoriate away.
This is going to have a LOT of eyes on it, given BP's sudden HUGE problem in Prudhoe Bay.
News! Rig move approved via waiver of Jones Act
PR Link:http://biz.yahoo.com/bw/060808/20060807005550.html?.v=2
"just presents the ominous 'if they can't get it unstuck,' it is done."
If they can't, it is, aidan. That's not "ominous", it's something called brutal reality. The Oil Patch is as unforgiving a place as you'll find on Planet Earth. One mistake, even the most seemingly miniscule, can cost you a well that one second before was headed for commercial production.
I think I've made my confidence in Grey Wolf and their crew unmistakable, unambiguous, and unequivocal; and my optimism that they will get it "un-stuck". So, if you still feel some desperate need to castigate, vilify, and excoriate me for raising the possibility of an un-pleasant outcome... well, knock yourself out.
The depth won't matter if they don't get it "unstuck". Simple as that.
I don't need anything "else" howie; they'll get it unstuck or they won't; we'll have a well or we won't. Simple as that. Wiring money in response to an AFE cash call is SOP; whether it'll be spent remains to be seen.
I don't believe either you or "aidan" are close enough to the world of drilling to understand the clear and present danger this situation presents.
Yes, drilling technology has advanced greatly since the "..30's and 40's", but a piece of equipment lost, stuck, or in any other way incapacitated at a depth of 14,000+ feet is a problem of major proportions. I invite you to contemplate the significance of 14,000+ feet; this is distance of 2 and 2/3rd miles. Think of some place around you that's 2-2/3rds miles away from you in any direction. Now imagine yourself trying to manipulate some object at that location, from that distance, with essentially a long, thin straw.
Is the reality beginning to sink in? Good.
They have a top-notch driller in Grey Wolf; GW, and the skill of that crew are all that stands between you and being handed defeat from the jaws of victory.
IR is going to spin this in the most positive way that they can; that's their job, more power to them for doing their job. But the brutal reality is this well might be lost. Luckily, the Company has been making new deals in the meantime, and this is to their credit. They clearly understand the risks of any drilling endeavour, and they are to be commended for it.
Depends on "how stuck" and yes, Grey Wolf is a reputable operator who's had lots of experience at this, so they're in as good hands as they can be. But it's still a dice throw now.
This isn't good. Stuck pipe that far down does not make for a happy day.
The biggest obstacle facing Franklin right now is the perceived - rightly or wrongly - political uncertainty of Bolivia. Never mind that Franklin seems to have the right connections to the powers-that-be in Bolivia and, as they say at the racetrack, "The fix is in."; until Morales shows he's not another Castro-in-the-making, people are going to look askance at Bolivia, especially when dollar signs are involved.
News!
Keep that tin-foil hat on good and tight.
Drilling update PR:
http://biz.yahoo.com/iw/060804/0150904.html
Looking VERY good; the "drilling break" mentioned means they've broken through a hard shale into softer sandstone. When that happens, the rig will suddenly speed up as it breaks into the relatively softer sandstone rock. The fact the driller had to increase the mud weight is a good sign, too, because it means there's something there, i.e. oil and/or gas, that's trying to come say "Hello!" on you.
Another hallmark, out-of-the-blue volume explosion today. Who thinks they know "what" now?
ach,
in the market, as in life itself, things that don't happen are often more important than things that do.
Go back through some of the price prognostications and other dire predictions being made here and on RB by The Raucous Cacophony as Monday's trading dawned.
No Manti, not at all. What was significant about the last half-hour of yesterday's trading was what didn't happen as it surely should have. When a stock - or the market as a whole, for that matter - doesn't do what it "ought to", you have a significant signal, one upon which you may rely, and act thusly.
News! Another order for B100 biodiesel
http://biz.yahoo.com/bw/060731/20060731005693.html?.v=1
The last half-hour of trading today will, in retrospect, be seen as the most important, most significant half-hour of trading in all of ERHE's history.
As of this moment, 9:18am edt, there is no indication of concern on L2; there almost certainly would have been substantial "stunting" on L2 by the MM's by now, if this news were being widely perceived as bad.
The last MM who even moved was NITE @ 8:37am edt, and he's still sitting @ $.42
You go, King Canute.
Probably not; for action like that you'd have to see Ladbroke's in London. They'll take nearly any kind of bet, just as Lloyds of London will insure nearly any kind of risk.
Stewart and Colbert are going to have a field day with that one.
Occam's Razor is as sharp as it ever was.
They ought to cut a deal with AlphaTrade to handle the marketing of the portfolio/trading application.
Fargo is a city in N. Dakota, across the state line from Moorhead, MN.
Offor would have heaved the Shareholders over the transom back in 2002, if he'd wanted to do so then. He's had no compelling reason at all to keep us around, but he has.
He's always been the Great White Shark, and we've always been the pilot fish along for the ride. Anybody that hasn't understood this simple paradigm since SEO took control isn't very bright.
Man, look at that! From $.0006 to $.0008. This thing is thinner than cheap toilet paper.
There's no question the MM's use "signals" such as that; the problem, however, is that just as a baseball team does, they undoubtedly change those signals from time to time because they don't want the signals "stolen" any more than a baseball team does.
So, take any such list of "signals" with a grain of salt, because they may be last week's/month's/quarter's/year's signals.
The whole, world-wide Era of U.S. Hegemony is over; sadly, and as usual since no one ever seems to learn from history, the last nation to realise this will be the U.S.
And somewhere, Santayana is laughing hysterically.
A fighter jet is only as good as the person flying it. I'd take on a Venezuelan-flown Sukhoi 30 with a P-38.
Splash 1 Sukhoi.
A: Seven times the 10-day average volume. At least that's the trigger that Reuters uses on its quote feed.
We'll need 308 million to raise the "volume alert" flag on the quote streamers.
There are degrees of "bad". Knowing this helps one decide whether to use a pea-shooter or a .44 magnum.
Cardinal holds up a
HUGE
"HEH!"
sign.
DOMS is a notorious stooge for the NS criminals; the other two are just ho-hum MM's, ETRD is the in-house MM for - you guessed it - E*Trade. JEFF is Jefferies & Co., they "front" for a lot of small, boutique brokers.