From MEO's AGM presentation:
"Insufficient lead-time to procure supplies to sidetrack
Heron-2, second well to target Plover sands at Blackwood"
So, they are saying that the amount of time it would take to:
A1: get supplies for a sidetrack drill
What supplies don't they already have?
Why don't they have them in the first place?!
+
A2: Drill about 2000m to repenetrate Heron North
(going through Epenarra again, on the way down).
--------------------------
>>>Is GREATER than the amount of time that it will take to:>>>
--------------------------
B1: Disengage the Atlas rig from Heron-2
+
B2: Move the rig to the Blackwoood WILDCAT
+
B3: Spud Blackwoood
+
B4: Then drill 3350m (about 1000m more than the sidetrack) to where they HOPE is a gas deposit.
----------
I can understand why MEO would try to sell this. I just don't understand why anybody would buy it.
For god's sake people, they're admitting that:
C1: They have more confidence in a total wildcat than in Heron.
C2: They might not know how to place or penetrate concrete liners
C3: They don't know how to plan a drilling campaign that accounts for the possibility of a side-track.
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