Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: oilmaster who wrote (331)	12/4/1998 9:52:00 PM
From: Bearcatbob	Respond to of 15703

Dear Mr. Oilmaster, When do you think this will be accomplished. The rate of drilling was miniscule at the end. What do you think it will be now. Let's get a grip here - perhaps some of the oil experts can give us a time perspective. We will have California environmentalist wackos looking over every move and look how long the first well took. Great resource - sure looks like it. Early payoff - I doubt it! Bob

To: oilmaster who wrote (331)	12/4/1998 10:11:00 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 15703

Oilmaster, You are missing the point here. Yes, as you point out, their Geochemical studies did suggest light oil in any potential reservoir, but by no means will anyone jeopardize a screamer gas well to drill deeper for a commodity that no-one wants right now. That would be insanity. Bellvue #1 has reached it's final TD and is already cased and open hole completed, flow tested and the reservoir cleaned up. They just have to slap on a wellhead, tie in to the main pipeline and turn on the taps. The zone is known to be at least 1300 feet thick. The first gas kick was taken at approximately 16,300 feet, roughly 2-300 feet below the top of the zone of interest. Thus, the gas cap is a minimum of 1300 feet thick (quite a cap, eh!!!) and we are approximately 1600 feet into the Temblor target sand. Nobody knows just how thick this reservoir is. This monster flare is coming from just 17 feet (5 metres) of open hole, below the last casing string. This is a gas well buddy, and it will pay out far faster than any oil well. The true potential will be seen when they drill 2 or 3 more successful wells in this 14 mile X 2 mile structure. Check out www.hiltonpetroleum.com for a very crude geology of the play. Cheers, Rick.