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Gold/Mining/Energy : gothic resources -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (130)	12/14/1998 6:49:00 PM
From: Patrick Lauder	Read Replies (4) \| Respond to of 299

With your experience, can you get pressure and still not have gas flow? Also, what do the logs tell us exactly? I know they tell us the formation has porosity which is necessary for the gas to flow, but can't the logs also tell us if there is gas present. I would imagine if we knew there was gas present and the pressure was there, it would eliminate the risk considerably. Also, assuming there is gas present and it flows, how do they (in lay terms) determine the proven reserves? Do they assume the entire structure is the same as where the well hole is, that is, if wells were put down anywhere in the structure the same flow rate would be gotten? Therefore they know the size of the structure and with the first well they know the pressure and flow rate therefore they can calculate the proven reserves? How are potential reserves calculated? Also, how long after the final test does it take to calculate the proven reserve? Do you happen to know how many feet of pay we have here, and is it relatively a large amount? I think I have the name of the company who estimated the reserves, I will find it Tuesday at work and post it. I sure would like to have some of your drilling experience under my belt on this one. TIA, Pat