The guy interviewed stated that the core was dripping oil. Could it be the oil based mud they used rather than reservoir oil? If the formation is so tight with poor permeability do you think a horizontal well wouldn't be much better for flow? How about serious and extensive fracturing as a means to let loose the oil? Doen't drilling generate plenty of heatand pressure around the core as well as compress/seal the region around the drill bit essentially melting any ice all the way and sort of cauterize as it travelled down hole? And finally, how the heck do they know there is a billion+ barrels of oil when even the drilling shows ambiguity? You seem to be an oil guy so would be very educational if you could comment. I never realized oil technology is so bloody complicated.
LNC Price at posting:
$1.51 Sentiment: None Disclosure: Not Held
