joint ventures, page-17

Hi, Sav..Agree totally with you on the GSG and HeN possible scenarios...It will most certainly have to be a multi rig programme if all of the forecast program is to even stand a chance of being met...

If the programme gets underway, say beginning of March and runs thru to the end of October, then that will afford some 8 months,or approx. 245 days of possible in-the-field working days....

8 conventional wells at,say, 40 days per well,(includes Mob. and Demob)=320 days..For all sorts of reasons, I would suspect that programme would not total 8 wells, but realistically, something like 6 wells, absolute maximum.(6x40=240),utilizing one Rig..No break-downs!! No downhole problems!! No time for contingencies...


Now the intriguing part...Some 40 CBM wells are proposed at say,30 days each,(includes Mob.& Demob.),
= some 1200 drilling days, divide by 245 available field days,= a minimum of 5 CBM rigs...

That would be a most intensive program in any company's workbook.. The logistics, alone, are mind-boggling...6 Rigs to "baby-sit'and crews to keep happy..Randy will be a busy boy!! Challenging, but possible...