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clock Created with Sketch. 13/10/22
21:54
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Originally posted by huaneng:
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Unfortunately we get not more often reports (- although and to be fair we cannot complain when you compare IVZ with other O&G companies) and here I try to guess, I try to interpret the current situation on the well site as of the information we have today.no substantial news (but you never know as you know when you have not bought shares for the first time) Substantial news could have been a massive gas kick for example in my opinion and as hinted by SM. So I guess we had no massive gas kick, which would cause some stress and extra work for the rough necks but could be a very strong hint that the anticline is full of gas. So personally I am a little bit dissapointed that we did not get this strong hint although IVZ prepared themself for such a borehole situation and planned a higher mud weight."After the 13 ⅜” casing has been set in place, the blow out preventer (BOP) stack will be installed and the rig will drill ahead in the 12 ¼” intermediate hole section through the first prospective targets. The targets in the 12 ¼” hole section include the 200 (Post Dande), 250 and 350 (Dande), and 400 horizons (Forest), which will be drilled down to approximately 2,200 metres MD before running a wireline logging ..." really good gas reservoir you get some very strong hints instantly already during the drilling and you do not have to wait for the planned wireline logging or even a production test (which is the ultimate proof and thats the reason that personally I would have loved to see an early drill stem test as well). When you drill: First you will see some gas shows in the mud (even with a too high mud weight), second you see a drilling break (even with a too high mudweight) third you need perhaps a higher mudweight because the reservoir is overpressured, 4th you see the cuttings and they look nice and 5th as I understand we have LWD that means on these logs you see all indrigents of a nice reservoir in the case it is a really good reserrvoir. There are more things to do like you can anlyse a sample from the gas shows which could tell a big story as well but I do not expect that a company like IVZ is prepared to do that instantly.
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Personally I would never trust anyone named huang. It sounds too similar to wang.
(20min delay)