NYSE:IVAN.WS - Post by User
Comment by
labumbaon Mar 17, 2010 5:22am
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Post# 16891323
RE: RE: RE: NEWS / nodrogoow
RE: RE: RE: NEWS / nodrogoowThanks for providing the link.........the new drilling in the South would be interesting as you have said IP5 could be closed to well 16......good chance of getting lighter stuff....I was delighted that API of IP15 was between 13.5 to 15.8 degree with the porosity was 28%.......looks like SAGD / HTL will be the extraction / production process....the quality of oil bearin sand in Hollin is extremely favorable in terms of cost saving on extraction.
One puzzle is why could n't they employ a second drilling rig to speed up the appraisal phase when they decided to drill 20 appraisal wells. Finding another rig shouldn't be a problem in that area and I assume obtaining well drilling permits shouldn't be time consuming neither