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This can still be the same reservoir. 1 mile away

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Post# of 39368
Posted On: 01/10/2013 3:40:56 PM
Posted By: arstegall
Re: pennywise #5182

This can still be the same reservoir. 1 mile away is nothing. I do believe they will take the data from the 1st 2 wells and take another shot at the heart of the reservoir. The reason the GOB will not them PR a 6 million BBL oil strike is because they want 8 wells to say for sure how big the reservoir really is. They will drill 6 more wells from the anomaly the found. Each time their chances of success go up. They found the hydrocarbons with the first well. This is why Bull and the people on site said they saw oil. They went for the edge of where the anomaly with the first. They estimated 6mm bbl's from the picture of the anomaly and the cuttings from their 1st well. They measured the thickness of the hydrocarbon producing zone, compared the anomaly picture and estimated the thickness everywhere else. The GOB don't want them to say 6mm bbl by estimating the rest of the thickness based only off of 1 or 2 wells and an anomaly picture. Remember, TECO announced the strike because a group of investors were there and saw it. Then the GOB said they don't have oil. TECO then put another 8K out to back up the 1st 8K. The oil is there and these next wells will prove it. Remember this also, TECO only got 50% of the first 2 wells after the first so many bbls, I think is was 5000. On the rest of the wells we get a larger %. The next wells will probably produce at a higher rate. This is all in my opinion, but I do believe the next well is in the same reservoir.



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