CGX Energy Inc V.OYL

OCM

[taal]

What typically takes longer to ascertain....a dry hole or a commercial find...what test are involved in either scenario and time frames....Thks

[chulo123]

No news are good news.

[BlackGoldRefine]

I'd argue good news is good news - but that's just me.  Maybe we will get some this week, fingers crossed!

[oldcompanyman]

Hi taal, A commercial find takes longer for 2 main reasons (potentially up to 3): 1) The wireline program would probably have additional runs to a dry case (but this impact is rather small, a matter of 2-3 extra days on a well) 2) Going chronologically, the second reason is the one taking the most time (but we're not impacted by that one on Kawa, hence "potentially up to 3"

[oldcompanyman]

Hi again, Blinded by the word "ascertain", I might have missed the gist of your message... Probably the more relevant answer you are looking for is that one: An exploration well encountering (several) hydrocarbon bearing formations with flow potential (but regardless of commercial quantities being in place) would take, as a general indication, longer to drill than the very same well