RE:RE:RE:RE:RE:RE:RE:Silence from RECOI wasn't suggesting management have their heads in the sand it was investors who will find it difficult to wait for answers when they've had so much smoke blown up their buttooskis.
I'm being serious here now, can't they relieve the pressure or do whatever they need to do, safely, to see if they can bring oil to the surface, if possible.
Wouldn't they want to do that ???
I mean really, you spend a decade accumulating this ground, spend 10's of millions of dollars buying a custom made rig and dragging it half way around the planet to a place that's absolutely in the middle of nowhere and then you drill a hole 12,000 feet deep and you have 5 world renown experts staring down at that hole and when it's all done you still don't have a F'ing clue if you've hit anything ?
Sorry but I'm just a bit perplexed by that.
More than anything you've burst my Jed Clampett bubble.
Seriously tho, In spite of my sarcasm I do appreciate your insight so Thanks.
TurnToTheRight wrote: Why is that so hard to believe. The drilling fluid in the well bore exerts a greater pressure than the formation and therefore there is no influx of formation fluid. The stick diagram of the well, at least in Alberta, must indicate anticipated pore pressures of every formation drilled through, but that is hardly indicative of the chances of fluid influx from the formation as long as the well remains overbalance (1 kg/m3 or 1000 kg/m3 overbalance will both prevent fluid influx the same amonut - but there are issues around severley overbalancing the drilling fluid). They are drilling with water based mud, to better facilitate logging and formation evaluation, so they definately want to keep any formation hydrocarbons out of the fluid. They're not putting their heads in the sand, they just don't have the education or information to know exactly what was found.
I've drilled many SAGD horizontal well pairs through 1500m (~4500 feet) of oil sands, and there is almost no sheen to the water based drilling fluid (you use encapsolators to prevent oil contamination and mud rings from occuring).
And no one should ever make suppositions based on human behavior!