Post by
drunk@noon on Dec 11, 2023 5:45pm
Face it, they spent $600 million cdn to drill 2 wells and...
botched them both. Out of all the intervals they were trying to prove up between the two wells, they recovered a fluid sample from one of them and that had a measly 13ft of pay. Now what? They yap about how maastrichsion look good on sismic, in other areas of the block---but of course they didn't drill their. And the half decent 61 ft of pay they got on bothced well number one, guess what, no sample. So what, you are going to pay 100's of millions to target a chunk of promising seismic on their block---wel you had the siesmic before, and well the chances of commerical success are better than you spent 600 million on the two bothced wells you spent 600MILLION DOLLARS AND DIDN"T PROVE ANYTHING. Well number three is still exploration not DEVELOPMENT. And considering they are 2 for 2 for multimillion dollar bothced wells, How would you guage your chances of success for the third well.