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DTL

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Alias Born 05/12/2005

DTL

Re: go4pm post# 39017

Monday, 07/30/2012 1:59:40 PM

Monday, July 30, 2012 1:59:40 PM

Post# of 116863
Belize: I heard shareholders could hear something out of Belize and the word "soon" was used. It was also mentioned that Schlumberger had to complete their work and I assume that includes Tucker Energy for any acid pumping services or do there services come before Schlumberger's? I think Schlumberger buries the casing and cements first and then Tucker's service does the perforating and then we pump? Can anyone elaborate on how long that can take? I also need to assume that this is being done on SJ #2 well with SJ #1 close behind it. Who knows how long "soon" means but that also implied that Treaty only required qty 1 well completed in order to announce some success and/or quantity of oil? I guess announcing the size of the resevoir has a different requirement i.e. all eight wells need to be drilled for the GOB before the size of the resevoir can be estimated by a third party. I assume they will pump as much oil as possible based on pressures along the way? Can someone elablorate?
Artstegall spoke with IR and they also verified "not needing to drill all eight wells before they can pump oil" but I also hope that means that the GOB will allow Treaty to publicize the BOPD being pumped. Maybe "soon" means this week or next? If the only reason we need to wait for eight wells is to verify the size of the resevoir but we can pump along the way then I am very happy with that scenerio.

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