interesting comments, page-5

Sentia and others

in Dec 08 the co. advice r. Acosta 1 was:

"Open hole logs and side wall cores indicated approximately 24 feet of net pay in the Miogyp Formation and 26 feet of oil
saturated porosity in the Camerina Formation."

What is the difference and significance in the terminology "net pay" in the Miogyp as compared to "saturated porosity" in the camerina? What does this mean in terms of possible production?

Also note that camerina was actually thicker than the Miogyp.

A couple of other points for you:

1. You say:

"So perhaps production from the Miogyp layer in J #1 will either cease or become "uneconomic" as it becomes more a water producer than an oil and gas producer.

Then they will switch to testing the Camerina there and seeing what it can produce."

Will they not be able to suspend production from the Miogyp layer to test the camerina, and then resume production after testing? I very much doubt that they will want to abandon Miogyp production while it is still producing, even if its only 25 bopd it is still well worth doing.

2. I seem to recall that Camerina is relatively shallow - can you advise/recall the depth? This suggests that production from new drilling to this level would not be costly; What are your thoughts on this?

I will be very surprised if the next move is not into the dark pink areas; there is every chance this would double production and the payback would be very quick.