GREY:CIMVF - Post by User
Post by
Barrheadon Jan 06, 2008 4:54pm
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Post# 14158712
blue and soul
blue and soulBoth of you have some valid points and acronymons that others would appreciate a bit of explanation. I am certain there are actually quite a number that read this Forum, that could bury the rest with sub surface safety shut-off valves or the super compressiblity factors of a gas calculation.
Most are quite anxious to see Teckoil succeed, and whether it will having any positive affect on CQV share price.
There is a time and place for everything, and right now most only care whether CQV will be going up or down in the next 6 months. Again for a number that would be a no brainer, and I appreciate your discussions as they carry merit on both sides of the argument. Most readers on this Forum would probably endorse the idea of more dialouge or begin using inboxes should it stray into personal attacks. Yes winter drilling can be cheaper, but not in certain areas while summer drilling is superior in others.
The on-shore to off-shore 2K-39 wellsite was built with some frost in the ground, and the size of the Nabors rig requires a level and solid base. It might be cheaper to move the rig in or out in the winter, but not to run enough heat to ensure the well controls are adequately maintained. A boiler needs 7/24 care and attention, and a necessity for certain types of operations or for comfort of the rig workers.
IMO George Langdon et al got this one figured out, and there is a lot of planning and logistics to be considered over the next few months. The first hurdle is to get the rig onto Shoal Point, and the challenges will begin with the assembly of the rig on a cold and barren wind swept plateau open to the elements, will be handled by those in the know how and with relative experience.
Back in 2003 when I visited the PaP well sites with the blessing of Steve Millan and subsequent meeting, there was around 20,000 ft of casing and tublars on their lease. Most was either new or in ready for installation, and at this point maybe some of it has been run into the hole to allow the ST-2 to produce. There was adequate well site area and infrastructure to allow production already back then, and now with time others have formulated an interest or plans for the energy and potential of the apparent reserves in Western Newfoundland. The leases belong to CIVC, and as the partners begin to drill and develop the reservoir it should add considerable share priced appreciation to CQV.
Lets hope we all can continue to learn from each others expertise, while keeping in mind our ultimate goal or mission of CIVC and its partners.
Feel free to also inbox me if you have any questions or comments.
Regardzzz..................Barrhead