You would need to refer that sort of question to Pilots/Sue12, now posting at the other forum. Maybe PoushuS could also advise as I'm not a driller, a geo or even a long term trader/researcher in this area.
What I do know is about Para 1 & 2 was that they were larger diameter exploration wells, that such wells always present a higher risk of failure, and that on P2 the water compromised the well itself with the poor quality concrete job having something to do with it. After the efailure everyone blamed each other. Many traders were overweight on the stock in terms of their risk appetite prior to the crash, thus the lack of trust this time around.
I am not even sure if fracing will be required on the Desert Creek interval and, if it is required to get a top flow, whether a minimal job would do the trick. This is for the frac specialists to advise on. At this point in time I don't know even know if we will be tapping Desert Creek or the Ismay first but my guess is that it will be one or the other.
My uninformed guess"is that each formation is different and will therefore respond to the fracing process differently. I can't simply extrapolate the risks of one formation to another . . .even in the same well. I have read somewhere that some of the previous water problems happened lower down (than Desert Creek) and that P3 is on a 300' updip to the previous wells.
At this point I am out of my depth (pun intended) and stand happy to be corrected .
cheers
GDN Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
