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redsky7

07/31/19 7:52 AM

#2375 RE: CashCowMoo #2374

Not worried about the o/s count unless they have a r/s before they bring in a well. Do not know about the Jones strike as I am some what new to Gulf drilling and terminology.

MktMvn

07/31/19 3:41 PM

#2378 RE: CashCowMoo #2374

Davy Jones and LaFitte were two prospects drilled by McMoran in 2009, 2010. The targets there were in older rocks than Gulfslope is drilling, and the depths of the wells were record breaking. Davy Jones actually got below 34000 feet. In contrast Tao was only going to get to 25000 feet or so in the best case. It actually got to only about 15000 feet before hole problems shut it down. McMoran was looking for gas rather than oil. They found some pay zones and tried to test them, but nothing economic ever came of it. They were in such high temperatures and pressures that operations were extremely difficult to impossible. Gulfslope is going for much more conventional stuff in Miocene reservoirs which produce beaucoup oil in deeper water. A much easier play, theoretically, but shallow rock problems will have to be overcome, if Tao #2 is going to be drilled successfully and economically.