GREY:ROAOF - Post by User
Comment by
Kel2on Nov 02, 2004 6:30pm
307 Views
Post# 8124875
RE: Art Himself
RE: Art HimselfWhat they may expect does not change the fact as to whether or not the well is exploration or not. I may expect snow tomorrow, does not mean it is going to snow. We are talking about accepted terminology and definitions within the oil industry, not your interpretation of a news release.
You don't thing that they were surprised? then give them a call MR. All Knowing. They were looking for 40-50ft of pay and a consistent o/w contact with B10. Didn't get and if you hadn't noticed the market did not like it. They had originally expected as much as 100 ft of potential pay on the vertical. Are you suggesting that they were not surprised when they did not get it??
The B7-z....that is a great example to give to suggest that this was a development well. The Sheryl wells, last I checked, were non-economic. I don't think that I would use them as a gauge to classify this as developmental drilling.
OIL had over 20 million pounds, as reported in the newspaper, when they bought into Balmoral. Each cluster would be about 10 million dollars, give or take, based on weather or other delays. Seems to me they had enough money. Again, take the time, introduce yourself and phone the company.
You don't like the release either......phone the company, call the exchange, file a complaint.