Very pleased to see Amadeus has now resumed its exploration and development drilling program.
Drilling has commenced on the Paul Hermes Estate #1 exploration well, imo this is a very exciting well given that it is a follow up to the WaterHole Creek well drilled in 08 with drilling halted due to safety concerns after experiencing high pressure oil and gas shows in the middle wilcox. IMO Waterhole creek well proves the existence of oil and gas in the structure, the trick this time will be controling the pressure as they drill ahead.
approx 30 days to TD
concurrently a 9 well development program has kicked off on the previously TNT operated leases.
AMU has now got its balancesheet and debt under control and completed a number of cost saving initiatives, time to get back to the business of finding oil and gas.
I wonder if this whole offshore BP fiasco will have any impact on the onshore drillers and the value of their assets or a shift of investor focus ?
drilling ahead on multiple wells
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)