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When a Tau-2 well is drilled, they could

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smith199 Member Profile
 
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smith199   Wednesday, 03/25/20 12:10:40 PM
Re: smith199 post# 3170
Post # of 3476 
When a Tau-2 well is drilled, they could possibly continue on and drill an additional Tau well (i.e. sidetracks ect.) to reach additional potential Target layers. Since drilling costs are dropping to new lows, possibly they could continue with the Facilities and Completion stages of the Tau Prospect. The insurance monies are there for a Tau-2 well drill 3/4 of the way to a measured depth of 15,254’, and now some Oil and Gas Customer’s Costs are at an all time low.

Not saying this will happen, but there is still options. BTW, not All oil and gas E & P drilling has ceased.


Smith





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