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Gold/Mining/Energy : The Oil & Gas Elephant Hunt -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (234)	2/16/2007 7:12:05 PM
From: sageyrain	Read Replies (1) \| Respond to of 310

The selloff I think is due to- 1) Discounting the fractured shale gas because they will not be able to do a frac job on it until this fall. In the short term they are only going to do an open hole flow test to see if it can produce without fracing, and I think this is seen as unlikely, and not a sure thing by fracing either. 2) Fear that the deeper sands will not be tested by the relatively shallow depth capability of this rig and so deeper testing will be delayed, or that because the sands were not hit where projected that they won't be present at all. Mostly I think it boils down to impatience.

To: LoneClone who wrote (234)	2/18/2007 5:04:31 PM
From: sageyrain	Read Replies (1) \| Respond to of 310

I think the key information regarding the Fred Brooks shale is that formation pressure of 6000 psi was encountered and this indicates that there has to be a "column", implying that there is an extensive, interconneceted, over-pressured fracture system with gas. I think I remember seeing 8000 psi as the number for the DPTR Greentown well that blew out as their bo preventer was rated only to 5000 psi. That well has a lot of gas. Stealth elephant?