Yes,,,, It's a very expensive caper all right,, only trouble is, you won't find any gas if you don't go out and bore holes !!
Looks like they may get a rebate on the first try on Harrison 1, though, they've installed a claim on the insurance of US $ 1.5 mil,,, and have received a favourable response so far !!
The pre drill expectations on Garcitas C-1 for the upper and middle Wilcox sands were 45-75 BCF,, They are saying that the "Upper " was higher than expected and the "Middle " was on line with expectations. The perameters are a bit too wide for a guessing game ATM. A previous well in these sands pumped 10 MMcf/d until the excess water screwed the pooch. This well though, has been purposefully stopped 80ft above the water table.
AZZ Price at posting:
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