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Re: dbernet post# 69627

Saturday, 08/12/2006 12:33:29 PM

Saturday, August 12, 2006 12:33:29 PM

Post# of 362387
Dbernet, I'm very new to this industry and really appreciated this post. It was very helpful to me in visualizing the string of events that are likely to occur over the next few years.

A couple of questions, though. "Typically" can you tell proven reserves from the first drilling? Or will each block need multiple drillings to determine? And, do they wait to analyze results before begining a second exploratory well or since they have a rig do they begin it immediately to confirm?

(My question arises from the way CVX has handled their drilling in Block 1.)

Thanks for any information you're willing to provide.