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: Dave E. who wrote (2983)	6/2/1999 8:17:00 PM
From: Salt'n'Peppa	Respond to of 15703

Dave, I think I understand you now. The thing is, #1RS should take an estimated 75 days to drill from 11,000' to 19,000'. Cal Canal should take an estimated 120 days to drill from 0' to somewhere around 16,000' (Temblor at 15,000' plus estimated 800-1000' thick). The Cal Canal will involve approximately twice as much drilling. You are correct in that the upper portion of all of these wells does drill quite quickly. The #1RS sidetrack only has one more (time consuming) string of casing to run before entering the Temblor. The Cal Canal well has three, I think. The time estimates that the oil companies are giving us are very approximate. I wouldn't place too much faith in them. As an example, the Chevron/Berkley/Purcell well at Fort Liard was only drilled to around 11,000', but was completed 6 weeks ahead of schedule. Another example is our Bellvue #1 well, scheduled to TD in early September last year. It never did reach it's intended TD when it blew in late November, almost 3 months behind schedule. Perhaps our #1RS well will TD in 50 days, and perhaps in 100 days. It's all irrelevant really. It happens when it happens. Why worry about it? Regards, Rick.