PCL 6.25% 1.5¢ pancontinental energy nl

delays, page-28

  1. 3,525 Posts.
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    KKW - your comment on it does not take this long to analyse results is correct but you are not looking at the real problem.

    the real problem is the loss of circulation and drilling in and around limestone reefs is one of the toughest gigs going - cavernous formations which are big enough to suck a whole town in - well nearly - and once you loose circulation you need to get it back or hole is lost and again I can tell you, you could spend weeks and months trying too if your unlucky to be in the wrong spot. Having spent so many $$ to this point one tries hard not loose the hole - but cost over runs for PCL are also starting to become important for PCL

    And again this means nothing in terms of wether there is commercial oil or not - however if the entire zone is like this then being able to produce from it will be difficult - but AGAIN it would be unlikely that all the reservoir is like that.

    who knows but such loss of circulation is never a good thing in drilling terms
 
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