Hi Th,,,,, We should receive a " Quarterly Activities and Cashflow Report " as at, and on 30th July 2008..
Given the more accurate information released by the company, that the desired target zone in Stewart-1 is not just a few hundred feet, but closer to one thousand feet,the prefered option would be a new vertical well IMO.!
Although not technically difficult, the cost to go that distance would be right up there..!!
The horizontal drilling does'nt go at 90 degrees, but in a large steady arch, and would have to begin a fair way up the well, which could possibly triple the actual drilling distance to 3000ft, and at a cost of possibly "double pluss" that of vertical drilling..!!
The best possible outcome for shareholders would be a sufficient flow rate, from the Jackson interval, to recoup the well cost, and then go again with a vertical,, direct to the target zone..!!
The pipeline is only a stones-throw from the well, so that connection cost won't be an issue..!!
Will we get that outcome,,?? Wish i knew..!!
I do know that it takes no time at all,, to test nothing at all..!!
Cheers !
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