Worth Reading againSUBJECT: One retired old man's Opinion Posted By: JosePires
Post Time: 9/30/2005 19:58
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My interpretation:
1."The top of the objective Caballos was encountered at 11,910 feet, and the well is currently being logged." ACHIEVED OBJECTIVE AND FOUND THE TARGET SUCCESSFULLY
2." Once logging is completed, casing will be set at the current total depth to isolate the Villetta section." EXCELLENT TO BE THINKING ABOUT CASING AND THE NEXT STEP ESPECIALLY ISOLATING THE PROBLAMATIC VILLETTA ZONE THAT CAUSED THE FISH AND SUBSEQUENT REDRILL.
3." Drilling will then be resumed through the target Caballos sands. It is currently anticipated that the well will have penetrated the objective sand and the logging of that unit will be complete in the next few weeks." THIS IS EXCELLENT NEWS TO WANT TO DRILL THROUGH THE WHOLE HORIZON AND RETRIEVE CORES ETC, THE RIG WILL NEED SPECIAL TOOLING ETC. GOOD THEY WOULD NOT PROCEED WITHOUT OIL SHOWS, WHICH THEY HAVE AND GOT INTO PROBLEMS AS A RESULT. REMEMBER THE VILLETTA AND THE CABALLOS ZONES ARE ONLY METERS APART.
4. "Subsequently, a decision will be made as to whether the running of completion casing and drill stem testing is warranted." NORMALLY WHAT IS WHAT IS DONE.
I PERSONALLY BELIEVE ITS EXCELENT NEWS, REMEMBER WE CAN'T LET THE CAT OUT OF THE BAG UNTIL THE UPSIDE PLAN IS ON HAND. TO REDRILL THE WELL AFTER HITTING TARGET IS HARD BUT THE PRIZE IS HUGE, MY UNDERSTANDING THEY COULD NOT CONTROL THE WELL ON THE FIRST TRY AND THE WELL KICKED REALLY HARD THAT THEY LOST THE FIRST WELL AND HAD TO REDRILL.
LADIES AND GENTLEMEN, THIS IS BIG. REMEMBER LEDUC BURNED FOR ALMOST A YEAR AND CREATED A LAKE THAT ENGULFED THE TOWN OF DEVON ALBERTA. SO DID DRAYTON VALLEY AND THE GAS FIELDS OF MEDICINE HAT.