last drink call, page-11

Allright, simple translation.

Current Casing Depth: 1860m
Hole Depth: 1870m
Target: ~3200m
Depth to drill: 1340m

Sequence of events for the weekend:

1) Pressure test the BOP's: Criticial we dont want a gas blowout later, do we manipulators!! They should b past this on friday evening as per MOG's release.

2) Run in with new BHA (should have started last nite sa per step#1). Tag & drill the cement in the 13" casing.

3) Drill out the casing shoe, make new 12.25" hole, perform LOT. Drill ahead.

4) Drill thro' the lithology (claystones, sst's, unconformity).

Assuming an avg. ROP of ~320m/day (or 13-16 m/hr). Refer page 2 of their T-D curve.

5) Days to 1st target (Top of Calypso), at say 3200m: 1340m/320m = 4.2 days (~100 hrs).

So by mid-late Tuesday, they should b in (or closer) to the Calypso (if all goes well) by my estimates. Any quicker will b a bonus.

6) After this it will b pretty slow act. Pull out run back & take a core, run MDT/other log suites etc.

So whilst they'll get into the 1st target early nxt week, they may just know the preliminary results (first pass) frm the WL logs by the 12thDec.

7) Then, drill towards the Legendre & repeat step#6.

8) Drill to TD (3520m or so).

Slow process, but necessary to collate as much info abt the twin reservoirs & that's what PBR would want, i.e, reservoir data (pressure, GWC, HC saturation, porosity, permeability, gas content, net:gross thkness, et al).

Hope the other 2 parties (CUE/MOG) could stagger their mkt releases, so that we get a good handle on the proceedings.

All we need is the depth they r at (although I doubt if they'll trump MEO's mkt update & say anything abt HC shows etc, however a depth & operations update would b nice to know).

Into the business end (12.25" section) of the well now chaps. Game on. Just my thoughts for now.