If I understand correctly, your example refers to a drill that was supposed to be over-pressurised and turned out not to be the case.
"Until you have drilled into a zone you dont have a clue in hell as to what the PSI is going to be." Geez... maybe the "suck it and see" drilling method should have been adopted by the STO drillers. I mean, what would they know? They should have consulted you before abandoning the site and wasting everyone's time these last couple of years.
I think we know the Dukas salt dome is over pressurised - that's why they had to abandon the well and get a bigger rig ! Re: CTP (Leon) announcements: 20/6/2020 - "..... well suspended at 3704m after encountering and exceptionally over pressured zone above target formation" 16/7/2020 - ".... a revised structural enclosure remains very large at greater than 400km2 and is comparable in area to multi tcf fields such as Bayu-Udan in the Timor Sea".
GLTAH
CTP Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
