SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Petrokazakhstan Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: cooliemon who wrote (1719)7/18/2001 11:25:30 AM
From: forecaster  Read Replies (1) of 2357
 
Coolie: Maibulak or Karavanchy?

These are the two locations that were mentioned in previous CC's as the next delineation or exploration wells to be drilled.

I remember Mike Azancot explaining that HHLA has to make a choice of drilling on the "crest" or "edge" of Karavanchy. I interpret that as making a choice between the traditional target called Karavanchy with mean reserve potential of 80 million barrels and a deeper, more risky but much larger syn-rift fairway named East Karavanchy with mean reserve potential of 200 million barrels.

In case of Maibulak, Bernie described the drilling in very neutral terms as a delineation well, kind of "not important one way or the other". Later on, however, a press release sounded as if the "coring" of the well was important afterall. If the Maibulak well was sufficiently deep, it could have confirmed the extension of the Grabens and be extremely significant. Actually, he decided to drill a second well at that location. Why?

In two days, we will hopefully know more.

Forecaster
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News