RE:RE:High Stakes PokerGee tkloebs, I was trying to instill some light hearted nature on one of my posts.
But wow... less than 100ft light oil is a straight or flush for you... guess the entire oil community must be entirely blind to what CGX/Frontera discovered if that is your standard of a fantastic result.
Of course I know Horizon 23 wasn't targetted for the thickest pay. They emphasized that a couple yrs ago. Saying that, another appraisal well in Kawa Field is going to cost ~$100MM USD. Does Frontera take another shot at finding the thicker pay interval? Sure they could but what happens if their seismic mapping is inaccurate and they come up with another Horizon 23 pay interval that is less than 100ft in net thickness? That field becomes marginal at best.. simple OOIP mathematics.
And hence, that was the entire point of my post... Frontera does not have the financial ability to keep drilling wells at $100MM USD. Would they love to drill 2-3 wells/yr... of course, who wouldn't. But its not like their budget allows for it. Hence the whole high stakes poker.