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makeminecountry

10/26/11 11:26 AM

#20130 RE: geopressure #20127

Not necessarily. They may have underestimated the ground stability at the well sites. A smaller rig can often accomplish the task. But, if they do have to resort to barge drilling, it is as you said, pretty inexpensive, and will get the job done. Either way, this is good news and should help to boost the stock price. IMO.
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mudman37

10/26/11 11:40 AM

#20132 RE: geopressure #20127

If we can drill in south Louisiana they can drill on that location. From the looks of the pictures they do not have rig mats on the ground. This would help distribute the weight of the rig. We use very large rigs on marsh land here in the US.
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Shizoku

10/26/11 12:10 PM

#20137 RE: geopressure #20127

Hey geo, talked to company rep about your comment and this is their response....

1st conductor is set and cemented on the first 2 wells and pictures will be put on facebook and company pages.

The area is not swampy in any way and they do not need to do any drainage work. As soon as the smaller rig is through customs (a few days after it arrives in port) drilling to dept will be finished.