Arbitraged wrote:
"I guess we pay our geologists to interpret the seismic and drill results to allow them to locate prospective oil traps and set drill locations and depth."
Prospective you say? So you mean it's LIKELY, not GUARANTEED? From what so many people have had to say on here about the last well I thought that anyone could choose a spot on a map, drill a well there and be guaranteed to find all the oil/coal/helium/gas/unobtainium their heart desires!
Seriously, we pay experienced, trained, reliable experts to make their best guess for a well, and then HOPE to find something. That's why CTP is a SPECULATIVE company drilling PROSPECTIVE wells.
If you know better where to find these things, grab a shovel (no death-spiral financiers for you!), and start digging. There seem to be many people here who are as sure as you that they know where to drill, maybe they will help.
- Karl
Arbitraged wrote:"I guess we pay our geologists to interpret the...
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