Trouser gecko,"those wells completely unrelated"?
A very quick perusal of the latest presentation,page six would suggest otherwise,I commend you to view it.
Why are we going to drill Arrowsmith #2?,because of what was learnt from Arrowsmith#1.
Where the misguidance may spring from is the fact that were told Redhill Sth is more analgous with hovea than Cliffhead,without any corroborating material to support it.
That said apparently there is data which was available at Sydney,why this data wasnt incorporated in the last presentation is somewhat of a mystery to me.
From the getgo NWE SHrs have dismissed TP-15,with comments like "Im surprised Bharat bought into the permit",given their numerical number in the fortune 500 club,evidently,their not surprised they bought into TP-15.
Its good to be on safe ground with the shale gas,there are no guarantees in the oil game,nevertheless each play must be played on its merits.
Ultimately trouser gecko your numbers may be proved correct,for now Ill go with the science,even if its flawed.
Wide-eyed,conservative or misinformed.
Raider
my thoughts, page-16
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