What are the possibilities for the deep wells linc are planning into the subsalt in the Gulf? I think they are the first to go there in this region but can anyone tell me (dicko?) where sub salt deep wells have had success in the past?
Also - in Alaska they are going to drill one deep well this season after they drill into the known resource with a vertical and horizontal well using modern techniques optimised for permafrost conditions and do some flow testing.
The previous drilling in Umiat was shallower. I imagine this new deeper well could significantly increase the reserves if successful. Conversion of some 2p Umiat resource into 1P and dramatic increase in 2P would be very nice.
LNC Price at posting:
$2.15 Sentiment: Buy Disclosure: Held
