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Re: 350z post# 51

Monday, 01/24/2011 2:06:49 AM

Monday, January 24, 2011 2:06:49 AM

Post# of 174
No guidance there that I've seen.

The well to date has encountered several technical challenges which were not anticipated-

Although the most recent update was considered a positive announcement in that they managed to cement an oversized liner casing through an unstable geological formation.

They also in an earlier PR announced a productive oil reservoir @ a relatively shallow depth which also was a surprise.

They're just now entering the productive horizons initially targeted.

Might be several more months before they drill through the 4 separate predicted pay zones.

This well is an exploratory well meaning they're not sure what they might find.

They have educated guesses,but no first hand knowledge.

High risk/reward scenario-

imo,
futr


My opinions are my own and and DD I post should be confirmed as unbiased

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