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jrp

12/12/06 9:56 AM

#12940 RE: RobinSLCC #12938

I think it's safe to say if odds weren't in favor of a commercially viable gas/oil well they wouldn't be bringing in the second completion rig. Tom's just playing it smart which at this time is what he should do. Steady increase, once specifics come out I would say we'll see a more rapid run.
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jstone

12/12/06 9:57 AM

#12941 RE: RobinSLCC #12938

You read correctly Robin. We evidently showed findings enough to go to the next stage (which is good). Once we find out the degree of oil/gas found Tom will be able to eliminate the if's from his jargon.
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dioblo

12/12/06 9:58 AM

#12942 RE: RobinSLCC #12938

it is a hit they can determine if its a dry hole with the drilling rig , you don't call in halleburton if you don't know for sure and you don't bring in a workover unless its gonna be producing to pay for all this
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redsox219

12/12/06 10:02 AM

#12946 RE: RobinSLCC #12938

same here
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Argyll

12/12/06 10:07 AM

#12948 RE: RobinSLCC #12938

"...and a completion rig will be ordered for further testing and completion, if the multiple oil and gas zones identified prove to be productive."

Notice the "if."