RE:Feet on the Ground
Now that some of you become aware of the complexity,sophistication and expense of this completion testing phase..perhaps you may understand why a short time frame of about another week to start is most likely unachievable...further the writer subsequently clarifies the following
by saying..
addditionally, that if the fractures in the zone are NOT well connected then the reserves may not be that high.{ so herein lies another risk aspect}
so..again..he states..if this were my well I would minimize mechanical risk and keep it simple . Prove that the structure can produce commercial quantities of oil and then drill an appraisal well with enough money in your pocket and optimise the completion on that well.
You can bet Cormack are in it for the potential long run...also..they've cut a deal that by getting involved they are guaranteed a piece of any more financings...
Too many options vailable for the big guys on limited success
Good news, sp trading near all-time high..so time to adjust and not get too burned