OTCPK:WSRLF - Post by User
Comment by
not4anymoreon Mar 24, 2013 2:18pm
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Post# 21160399
RE: RE: SIDETRACK
RE: RE: SIDETRACK cf; It is clear to me that K3's primary objective is to encounter the top of the Oligocene significantly below the gas/oil interface. An oil flow test from this level will less likely be influenced by natural gas channeling downwards. With the lower structural positioning, they will learn more about the oil water interface. Hopefully they do not encounter it. Likely, they are using casing strings similar to K2 which would give them flexibility going forward. The sidetrack would provide more info regarding oil water interface and therefore reserves.
Baram 1 is approximately 10 km from K3. The K3 sidetrack will not provide anything useful to that prospect. The budgeted costs look a little light if they are contemplating a horizontal in any zone.
Talisman need to do good things. IMO, they won't be around this time next year.