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Re: midtieroil post# 160453

Monday, 05/04/2009 12:55:17 PM

Monday, May 04, 2009 12:55:17 PM

Post# of 361984
OBO was supposedly drilled at the edge of the target. What percentage of info can be gained if hitting the edge of a target compared to center of target?

If you have a target the size of KINA that has had seismic reprocessed numerous times and still can't positively tell if there is gas, oil, and a somewhat close estimate of expected results then it appears seismic interpretation has not advanced as far as many of us non-experts would have believed. Still a $ 100MM gamble (somewhat more educated guess but still just a gamble). No worries at this time as I have faith in the drilling team put together by ADDAX.