Re: MEO Predictions - Gas or Oil?
in response to
by
posted on
Jun 08, 2008 05:59AM
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Wil, I don't think we have an either/or situation. Having hit oil in the Copper Ridge, and deep gas, there's no reason to believe that only one would be produced. This is what makes this thing so amazing, 2 elephants.
Add in solution gas and gas liquids - which we haven't heard any details about, if any exists, and how much better could the party be?
I think there will be a big NR in the in the next week or so, followed by NR's for Well #6, the next 20 shallow wells, and the two deep wells. If you use the NR's to draw a map of the area, we now have wells forming a box, with well #5 in the middle. I think the location of well #6 will be taking all they learned to date, and deliver impressive results.
The twenty wells is a puzzle. How do you put that many wells on 1500 acres with 160 acre spacing ? More land could be coming, but these wells are planned, you can't really plan for wells if you're still trying to get a land deal done. JB#3 was licenced for over 9,000' - (Ten Gas Assoc Feb newsletter), but they couldn't come to terms with the land owner, so the decision was made to stop just before 5,000'. If you go deeper, the land spacing is 640 acres (1 mile).