RE:RE:Another View Good point. These were discovery wells, not production wells. But all the more curious that a special press release was required for something that happens all the time wildcatting.
Bennys65 wrote: As I see it in order for this to be called a dry well or a duster we had to be drilling a multi leg well with the objective of producing O&G from it.This was not the case.We were drilling a strat test which is a cheap vertical hole to make sure the underground gelogy matched the concept geology above ground .Clearly it didnt.They only planned to drill one but to be sure drilled two .Next.The early plan was to go to peavine and that was changed to Utikima.Early plan was to drill one well changed to three.My guess is they have been watching spurs active drilling in the aera and that gave them the confidence that they would get some results which would get the markets attention.A 150 bpd well at untested peavine would be pretty much a nothing burger.I believe they released the results early to get ahead of the rumour mill which was the right thing to do.Back to the original plan now and start giving results first quarter.