RE:RE:RE:Someone knows Something!!!!!!!!!!!!! I somewhat agree woth both sides of this. However it takes a very tight ship to keep things quiet. And its sometimes impossible no matter how hard you try.
i wrote a post a while ago wrt this being a big boys game. People talked about bringing in another rig and accelerating the dev. I mentioned that there are risks doing that. Hope people now see that.
My comments on recent happennings are this.
1) there are very poorly written reports. I sincerely hope Art is trying to dumb the reports down, because they are poorly written and inconsistent in wording. Have read literally thousands of them over the 35 years in oil and gas, and being an active member of an exploration team and team leader. This causes me concern but am giving the benefit of the doubt to Art here.
2) wells prespud have deviation plans and those are followed very closely to TD. If there are movements from those plans recalculations take place. The issue i have here is the well drag on completion and drilling is easily calculated by drilling engineers, which effects both drilling and completions. This can be insurmountable if done incorrectly especially with the long reaches and realative shallow reservoir of this field. Not having the tool on the rig is inexcusable imo. Consider the day rate on this rig is likely greater than 200000 a day, just guesding as a land rig easily runs 100000 a day, having a tool which is likely a tractor to get the guns to TD is a minimal cost compared to day rates thus inexcusable. On a normal rig the engineer would be run off ie sent packing.
3) there has been mentions about cement and casing issues. This is very concerning, however a risk. I certainly hope those have been solved. Again this is not the place for inexperienced planning drilling and decision making.
with all of this said the plan and econs are solid however they had better get the dhip straightened out. You can easily kill a company by making wrond decisions or poor planning in high a high cost higher risk, high reward enviroment that they are dealing with here.