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ooleum

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ooleum

Re: ghillaman post# 446

Saturday, 05/18/2013 12:17:16 PM

Saturday, May 18, 2013 12:17:16 PM

Post# of 5825
Page 27 shows drill speeds for a range of other companies
http://www.fogl.com/fogl/uploads/companypresentations/Oil_Barrel_presentation_March_2013_Final.pdf

For HRT to drill 4000m in 50day (assuming that they reached TD just before CC, on 14th May) works out 80m per day. Or ~3.81 days per 1000ft. In reality it probably took nearly 45days, or 3.4days per 1000ft

That is world class speed..to challenge BHP GoM for the top spot.
Either they weren't casing much...or there was significant drill break (high poreous carbonates)
Clearly there's no direct relationship between drill speed and an economic find, but its certainly a good sign

That is all

Ooleum
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