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mrbojangle

06/29/21 8:25 AM

#41363 RE: tisdal #41362

In the event MJ02 proves non-commercial, could ZNOG lease their rig out to others to generate revenue?
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Monroe1

06/29/21 12:34 PM

#41369 RE: tisdal #41362

I was about to say the same. "Let's be honest though, we have MJ01 data, we have 3D Seismic data, we have a drilling rig, and we are drilling from the same pad. We should literally be holding a road map to a commercial find with all this data, and possess the tools to access it."

Taking the data from MJ01 along with the 3D would seem to indicate the strong likelihood of an oil find in commercial quantity. All in all to me that is a good sign. Otherwise a different location would have been chosen. Hopeful but not without cause for concern...after all, this is the oil patch where

... strange things done in the midnight sun for those who toil for oil. The desert sands have seen queer sites but the queerest they ever did see. Was the night on the heights with my sugar delight where we tied John Brown to a Christmas Tree.

LOL, a little literary delight from my time in Alaska in the seventies from the famous poem "The Cremation of Sam McGee" by Robert Service from the gold rush days up north.