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Message: Re: Test wells are comleted - John/Paul/John
7
Dec 08, 2008 03:18PM
3
Dec 08, 2008 10:38PM
1
Dec 09, 2008 10:53AM

Hi Paul,

Did it ever occur to you that based on the info they have from the data room and previous well logs and also considering that an underlying assumption of a BCGA is that properties are relatively homogeneous throughout the basin (never mind the comparative distance between the M3 and F1).. that economies of scale would be achieved by waiting and completing / testing both holes at the same time with the required equipment on site and being mobile? A lot better than requisitioning the same equipment twice right...



I'm sure you see the entire development of this play a bit differently than i do since i am as long as long can get and you seem to be worried about trading in and out for a few pennies but try to see the bigger picture and maybe some things will become a bit more evident...as much as it would appeal to ANY shareholder i'm pretty sure that the parties involved in exploring this monster known as the Mako trough are not very worried about showing quick and immediate results...but rather, knowing the sheer scope of the project, are more interested in collecting data and designing optimized methods not only for drilling but for completions and testing...if that means we have to wait EVEN LONGER than so be it..seriously, just think of the land area we are talking about here and all the serious challenges they are facing to even successfully drill an HTHP well in this type of nasty ass environment and you will realize that as long as we've all felt this has been going on, there is a long way yet to go and personally i'm ok with Exxon calling the shots, moving like snails or not...because you just know they will make a science of it and despite the extreme difficulties will eventually make it work through redesign, redesign, redesign...and that's all that matters...unless of course you are counting on trading in and out for a profit..in which case as always, you will have your opportunties...damn i'd love to know what kind of rich data was collected on the Mindszent-3 and whether or not they were excited about it..

Oh, by the way, Hi everyone...and John, i love what you've done with the place. The red shag carpet is a great touch!!

Cheers

LP

1
Dec 11, 2008 05:12AM
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