Per inventtoski on IHub: Chumley lease is dead
Post# of 39368
Posted On: 09/25/2012 10:37:57 AM
Re: dandaman53 #787
Per inventtoski on IHub:
Chumley lease is dead in the water but the 3 leases with 3k oil? have been finalized and are going forward with drilling plans.
McComas has been drilled and we should hear something in a week or two.
Madaley had some technical issues with hooking up to the gas line. Also when the gas was tested there was to much water in it so it had to be hooked up to a dehumidifier. My words as a layman and not the technical terms. This work hooking up the gas has delayed 4-5 weeks of drilling/production.
Molley is still out at the shallow well project and have no timeline update for that.
All in all Mike is still very positive yet sounds frustrated with the issues coming up but to be expected when drilling. Treaty is still young and in the development stage so lots of learning as they go plus there is always the cashflow issue as with any start up.
Mike said that Q3 will have a signifacant increase over Q1/2. That should be pretty easy considering they produce 400-500 bopm. Will be interesting to see how it comes in. Q4 should be a knock out of the park Q for them.
That's my update and wish others would post theirs.
Chumley lease is dead in the water but the 3 leases with 3k oil? have been finalized and are going forward with drilling plans.
McComas has been drilled and we should hear something in a week or two.
Madaley had some technical issues with hooking up to the gas line. Also when the gas was tested there was to much water in it so it had to be hooked up to a dehumidifier. My words as a layman and not the technical terms. This work hooking up the gas has delayed 4-5 weeks of drilling/production.
Molley is still out at the shallow well project and have no timeline update for that.
All in all Mike is still very positive yet sounds frustrated with the issues coming up but to be expected when drilling. Treaty is still young and in the development stage so lots of learning as they go plus there is always the cashflow issue as with any start up.
Mike said that Q3 will have a signifacant increase over Q1/2. That should be pretty easy considering they produce 400-500 bopm. Will be interesting to see how it comes in. Q4 should be a knock out of the park Q for them.
That's my update and wish others would post theirs.
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