<<In an earlier post S&P stated they had drilled through the upper Temblor layer and it was 200 feet thick. Following is a quote from Yahoo that contradicts that.?????..What do you make of it?...>>
Well, I know from many public and private posts with S&P that this "salt and peppered" young man is very knowledgeable. He knows his stuff and his posts are a "must read" for me. He has also obviously spent a lot of money in those Bakersfield bars because he gets timely phone calls from them !!. I can't say the same for most analysts.
Bob, the reality is that, at this time, nobody knows for sure just how much pay there is in the first sand. With all due respect, S&P doesn't know "definitively". But, Linder sure as Hell doesn't know either. Not even the JV, with total access to all information available, know !!!! It's all just "best guesses" based upon interpretations of drill penetration rates, continuous chromatograph readings to determine hydrocarbon content of the mud system, drill cutting analysis, etc.. Not really very precise and quantitative stuff !!! Different folks will interpret the same data differently.
In the end, the net pay of the first sand will likely turn out to be somewhere between the values put forth by S&P and Linder. I'd sure be inclined to give a lot more credibility to S&P's number and will speculate that 165 feet is a pretty good number. Right S&P ?? <gg>
Bob, I have tremendous difficulty believing that the ELH #1 blowout performance could have been achieved from a net pay of only 65 feet. It is difficult enough to believe that it could have been realized from a 200 foot sand. Either way, the areal extent of this reservoir is very large !! Bring on ELH #2 and ELH #3 !!
Later,
grayhairs |
