Replies to post #38296 on Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

PE- Those are some good links there. I will have to study them further tonight when I have more time. One point though, even though the NOI showed a projected TD of 1350' in the Mississippi formation, I do not read from the PR that they had any pay zones below the Squirrel (~825' - 925' range in this area), FWIW.



From Hemi 7/31 PR:
"The open hole log suite confirmed a Squirrel payzone that we are producing is about 13 feet thick and with top 10 feet clean sands with excellent porosity and good resistivity showing through that interval with oil saturations of 55% or greater. >snip< In addition to the multiple payzones referred to in previous press releases, we also have discovered a yet-to-be-named 12-feet-thick payzone at approximately 600 feet deep in this well, which also contained exceptional saturations of oil."

[Big Mur]

Is there any distinction in that information between wells that were drilled but never produced, vs. wells that have been producing, etc. (no)

8 of those wells have "Plug dates" back in the 90s... unfortunately there's not much there for spud dates. At least one of them was plugged in the same month it was drilled/spudded.
I suspect that most of those wells were never developed.
Only Hemi's and one other have the additional info listed to pinpoint the location (NW NE NE NE) within the section.

Drilling a hole in the ground doesn't necessarily deplete an area. I saw several examples there of such wells within a rock's throw of where I was watching the Collins get frac'd. Holes drilled, but immediately abandoned, or just never developed.

This is why I say the Collins lease was previously undeveloped. It's not that there was never a well drilled there... it's that nothing was ever done with the ones that were. Ol' Mr. Collins will finally be getting his piece of the pie.



DON'T BLINK!!!!