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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: buckbldr who wrote (85448)5/30/2007 8:17:37 AM
From: Ed Ajootian  Read Replies (1) of 206182
 
BPZ Energy (BZP) -- With the production casing in this 16X well being only 5.5", its probably not possible that this one could be dually completed (i.e. to produce both oil & gas). But BPZ would still benefit greatly if they were fortunate enough to get some oil out of this well in these DST's. This is because if this well, which is downdip to the 21X well, has a lot of oil in it too, then BPZ would be able to book a huge amount of oil reserves. If they find oil in this 16X well and the 21X well can't drain the whole reservoir, then they could just poke another straw down into the drink (for a mere $10 M).
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