Roy, I've not heard of a reason for delaying W. Lidsay Slough news, as I'm not into a drilling program that included that well. However, last year I recall two reasons well drilling and completions were delayed. One was hitting the rainey season, where those drilling rigs which weigh tons and tons can't get onto muddy property, so drilling was postponed until the ground dried, which took lots longer than usual. In the other one, a well connection could not be hooked into the PG&E pipeline until after the adjacent landowners harvested their crops, before allowing the connections to cross their property. It's not a simple business. Some day, after I retire from my current work, I plan to take a couple of geology courses to gain a better understanding of what lies on and under the surface.
I guess you could have mixed drill results, and have to reevaluate before drilling deeper or plugging the hole. Probably a better case for stockholders/drilling participants, is that you made a big strike, but have to keep it quiet as the pool of gas extends beyond your contracted area, and you need to acquire additional drilling rights from the adjacent landowners before they find out and benefit from the risk and expense Royale stockholders and its other drilling participants have spent. I'm sure there are many more reasons too..
I'm glad to see that interest is picking up in Royale. The next time I speak to Jack Connelly, I'll ask about the W. Lindsay Slough unless someone posts about it sooner.
Best to you,
Wayne |
