OTCPK:WSRLF - Post by User
Comment by
canadafoxon Mar 07, 2012 12:28pm
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Post# 19638711
RE: Very informative
RE: Very informative swisscan; You include the words; 'WZR ... same boat...drilling MQ-1 to a relatively shallow depth.' There was little point in going deeper as the target zones are shallow at MQ-1. The well would have had to be x2 or x3 as expensive ( directionally drilled ) through further multiple hi-pressure zones before reaching any deeper carbonates in a separate structure. Not technically ( risk / casing / testing issues ) and financially worthwhile when the PSC commitment is fully adressed. It should be remembered that the Block 44 split was executed with a time schedule, location and depth plan for the remaining commitment wells fully worked out by TLM / WZR and agreed with the KRG. It is stretching a point to say that TLM's and WZR's tactical actions since have been wholly driven by PSC commitment obligations. Possible in part but by no means certain IMO.