Yes "nucular',, the last thing that we need now is a dry well,,...

Yes "nucular',, the last thing that we need now is a dry well,, thats for sure..
It just puts a dark cloud over everything, and will be out of proportion to its significance..!!

At the end of the day, i feel that we just have to place our faith in the Geo-team, really.!
Those lads have already proved themselves to be worth their salt,, and they prepare extremly well before they spend our money,,!!

We need to remind ourselves that AZZ has been consistantly processing potential leases at the rate of around 30 per month..
The ones we have now,, have been culled from that progressive list, and they are only a small percentage,, all the rest were weeded out and scraped..!!
It's not like they bought them on E-bay,, OR went to a US land auction and bought one------LIKE another company that i could mention but won't..!!

After they secure the lease, then the serious work begins, with the 3D seismic, and the computer modeling etc.
Much is done before the drill bit turns..!!

"dargie" stated in one of his posts once,, that this approach was what impressed him.
A sarcastic answer came back saying "" does'nt every company do this ? Doh..!! ''

MY answer----NO,,,, actually they DON'T....
I could name at least 3 off the top of my head, that are real slap -happy when it comes to good homework...AND that's without going looking for more ..!!

Since the AZZ program got serious,, we have only had one dud well,,--"Lonesome Dove""...
AND we must remember that it was only the well that was dry,, because it encountered some complex geology,,, the field that the well was targeting,, still exibits the same potential, as originally identified..

AZZ now have the advantage of the down hole 3D shot from that well,, and in the future some time, we'll probably see this field produce ..!!

By the time a well progresses to the stage that New Taiton is currently at now,, I'm happy to have those AZZ boys in there doing their thing,,
They're giving us shareholders the maximum possible chance, that we could expect IMO..!!