oil chance!, page-2

Boysy - for your sake I hope you are right. However don't forget this well has a geological pos of 8% and a commercial pos of less than that.

I doubt OEL are confident this well will come in - they have changed the name to 'Duhat-1' from its previous incarnation of 'San Isidro' probably to deflect attention from the fact that others have already tried and failed to drill this structure.

To refresh your memory on this structure see:

http://alcorngold.tripod.com/id44.htm

"The San Isidro prospect was selected because it has the best-defined onshore structure based on integrated seismic, aeromagnetic and gravity data. It was decided that drilling a slim stratigraphic hole would be the best option to test the presence of gas and/or oil in the San Isidro structure.

Over a span of eighteen months from May 2000, two core-drilling outfits were contracted to attempt and penetrate the San Isidro structure. Both attempts were unsuccessful to reach the target depth of 1,030 meters, and their best efforts were hampered either by financial or technical deficiencies. Swelling clays and over-pressured aquifers prevented both attempts from drilling beyond 305 meters."

I hope OEL has better luck - but it could be a long drill! Keep an eye out for when the drill depth gets towards ~300m.

OK?

OK