The well still looks good. The progress has been unbelievably slow but hopefully they have not damages the oil formations with all the problems. If the logs and pressure data and oil sampling confirms everything is OK then they will finish drilling the well and then go and cut the casing and then drill horizontally thru the oil zones. This horizontal drilling will fix up all the problems with any formation damage and give a huge exposure to the oil sands thus significantly enhancing flow potential. I still reckon 1500 to 2000 BBLS a day!
CTP Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
