In my posts I used VAST and Heritage as typical examples of expected drill penetration rates.
LFD only needs to drill to 1670 meters were WZR had to drill to nearly 4000 meters to hit the same reservoir.
It is extremely unlikely that LFD will experience high pressure drilling problems.
When LFD starts drilling the deeper Shiranish reservoirs I will concede they could encounter more drilling difficulties.
But the deep drilling of Shiranish will be paid for with cash from the shallow oil wells, so the net effect it will cost LFD shareholders nothing, if LFD is cash flowing.
I can tell you guys have never worked the middle oil fields, as you would realise that drilling costs are not a problem if you have oil. LFD could have a rig on site drilling 365 days a year and the net effect is pea nuts; think about it.
365 days x $30K = $10.95 Mil @ $100 dollar oil = 109,500 barrels of oil per year = 300 BOPD.
If a field is producing 10,000 BOPD then drill rig cost is only 3% of production.
If a field is producing 30,000 BOPD then drill rig cost is only 1% of production.
These calculations are rough but clearly indicate drilling cost is not a critical risk factor.
We used to drill many 3000 meter wells, tie them in and have all costs paid back in approximatly10 to 20 days. That is how the Middle East oil wells payout.
LFD will have no major problems drilling to 1700 meters.