JK is not well liked in the industry whether he likes it or not. I have spoken to many people who have worked with him and don;t like the way he is goes about things.
Dry hole Johnny is a tag, but you only get success when you have the right people and ground to get success. The tag is old and doesn;t stick anymore to be fair. His success though in recent times has been due to the technicals provided by Greg Smith at ITC.
This current water minimisation process they are on about is crap. We should be flowing 15-1600 bopd now with some water. Although I am not a specialist I have not been able to get a positive response from anyone as to why they would want to have no water at all.
I also think that over the many years I have been a shareholder of VPE and ITC have been disagreeing with many processes but as operator they have the final punch.
Many of the holes previously drilled were not finished properly and many have indicated this.
I am sure some of our resident oilers will have other reasons why JK is not the man to be involved with here.
ITC Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held