TSXV:ART.H - Post by User
Post by
koast2on Sep 30, 2011 8:55am
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Post# 19102767
Going down short term
Going down short term Yes the news sucks , and sure looks bleak short term , however"_____________________________________________________________________the well will be left in a condition such that the partners have the option to re-enter the well at a future date. Various re-entry scenarios, including extending the well's total depth or drilling a deviated sidetrack well, are being considered. Furthermore, the operator is currently scouting potential locations at the north end of the Qara Dagh anticline for a second well expected to spud in 2012. The next well is expected to target the main Kometan and Qamchuga formations in the Cretaceous. The Qara Dagh block contains a large-surface anticline with several major prospective horizons."