We could, but probably won't
If not commercially viable, we will continue drilling with MJ03. From the same pad location? Not so sure. The 3D Seismic data is being reviewed daily. We may find a better place to drill from.
Let's be clear. I think we have oil that we are drilling towards at this time. With all the data in our possession, we have to be drilling towards something that showed up within the MJ01 data and Seismic data. The alternative to this is that we are just wasting time and money drilling another Wild Cat well because the data was inconclusive so we just drilled for the sake of drilling. That would be a crime IMHO.
PLEASE NOTE: Using 'We' does not imply I am in any way working for or have worked for ZION in the past. It is that I am an investor and therefore I am part of the activity and it's impact.
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