RE: RE: RE: RE: News Release Expected Tomorrow
Zoidie you seem like a very knowledgeable and conscientious person but I still find your figures suspect. The idea the well had a 10% chance of success at the start, with all due respect, seems ludicrous given the previous success in the area and the fact Winstar had 3D seismic interpreted by 2 groups before drilling. I personally think conservatively there is a greater than 85 % chance this well will be economically viable based on the company's announcement and previous drilling success in the area (people can do their own due diligence as I am not an expert.)
I find it curious that the company did not announce whether or not they would be soon drilling another Silurian well or returning the rig. As I recall from a previous announcement they said they would decide what they would be doing with the rig after they assessed the success of the first well. Does anyone know anything about what is happening with the rig?.