Buzz, I was intentionally vague re; our prospect as specific advertising can generate un-wanted competition. Later, I will be gald to be more specific. Sam Lissie is the geologist you asked about. You ought to see these fine young men who represent CWEI at meetings. They look like Texas Rangers, smart, stout, polite and yet you know it would not be a good idea to rile them. They are probably the cream of the crop from Texas A & M.
I am not a scientist so I wont delve much into 3-D explanations but bet there is someone on the board qualified to do so. I do know that you can spend your money and get data that is not good or that we don't understand. Been there and done that. Called a seismic butst. Some areas, geologic features and structures lend themselves to being legible and some dont. Some of the shallower features are to small to be picked up. Often the deep features are bigger and easier to see. Sometimes you can see the shallow but not the deep because of the types of rocks you are shooting through and how they are stacked. Certain mineral qualities are conducive to seismic and others cause velosity problems. And then, sometimes eventhough you can see the feature and it drills out as the seismic shows...it can contain water instead of hydrocarbons. Complicated field, but I think it lends itself well to the Cotton Valley. I was encouraged to hear you say CWEI already has 2-D seismic with good indications.
I dont know how long it will take CWEI to shoot, analyze and interpret their data. Your guess of drilling in the third quarter of '97 is probably about right. Maybe the second quarter if they do some of it in-house.
Buzz, by the time the 3-D get to a non-technical guy like me it looks like an abstract painting with brilliant red, green, blue, and yellows. They tell you something like the red represents the Cotton Valley reef and that may or may not be so but it is the best guess of somevery sophisticated scientists. When it works it really works. |
