RE:RE:Wouldn’t they already know results from primary target now? OCM -
I interpreted the news release slightly differently. I do think there is some credibility regarding an earlier post (whisp of a whisper) that the 13-5/8 casing string was set higher than expected and run around Oct 13/14.
I do intend to send some follow up questions regarding their original well plan and new well plan and hope those questions get answered during the virtual presentation this Friday. I would be very interested to know if they are planning to drill the remaining section with 12-1/4 hole (4650 to 6700) - or, are they planning to run a string before they enter the Santonian.
So here it is: "Close to 70% of the planned footage has been drilled and the two main geological targets of the Kawa-1 well remain to be drilled, cased and evaluated with current expectations on reaching total depth consistent with the previous public disclosure of December 2021.”
The wording is not 100% clear - but, I interpreted the news release to mean that ~4600m (or 70%) of the well had been drilled, evaluated and cased. The remaining 30% may be in the process of being drilled and evaluated - but, not yet cased.
The reference to only two objectives (versus three) is a little confusing. Given they mentioned the last casing point was around 4650m we know none of the three targets have been cased. But, they could be in the process of being drilled or evaluated. That's just my read / interpretation.
Could be wrong - but, I believe they may have been drilling / evaluating the 12-1/4 section for almost a week now.
I do think we will learn something new and important on Friday. Also, an opportunity to clear up what their go forward well plan and objectives. Stay tuned!