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

To: grayhairs who wrote (1274)	1/13/1999 10:51:00 PM
From: Taff	Read Replies (1) \| Respond to of 15703

Grayhairs, I have a few of those hairs too. Seems I have more questions than answers I could find reading. Early conclusions IMO, is costs, will the costs be over insurance limits? this could easily turn into a 25 million dollar well or more, not including formation damage. Sure would like to see the insurance policy... limits and exclusions. I assume they were drilling… or had they tripped out? From what I gather they were into the zone, they would have had core samples (maybe) they would have chips at least. They were familiar with Temblor sand estimated production rates. They were 17 feet from the shoe? maybe 5 feet off vertical and they didn't know what the pressures were in the zone? There must have been some indications before they set casing… From what I have read pressure levels are around 18000 psi (surface). At depth, mud weight would have been around 30000 lbs., before the gas kick. (Did they trip after the gas kick, were they tripping?) The well was cased to depth and cemented before they cut in the window. What was the setup time for the cement (probably doesn't make a difference), you mentioned they were pumping cement for 50 + days. Where was the BOP?????? Why didn't the BOP work? They had had a gas kick just before the blow out, why didn't they mud up? The BOP worked but the annuls was open to blue sky? was the fire immediate, ignition gas was from the gas kick? ( I be thinking someone screwed up royally) Would sure like to read the drilling reports… Since Boots & Coots doesn't want to close off the new BOP, I assume the casing is cracked or wore out from sand coming up with the oil/gas. Reservoir damage, there has to be, (depends on fracture zones) Can't see upper casing damage where water would becoming in (sand erosion?)... You mentioned all upper zones where behind casing... How soon before they reach the intersection before they can begin to pump in chickens and cement, everyday the pull on the water is further damaging the reservoir if it isn't already. Guess to many questions Grayhairs, to few answers, hmmm, wonder if Las Vegas has got odds on this well? Why am I holding this stock and thinking of buying more? Regards ...John