00:00was located right here. And after eight years of consistent production, the rig attempted to
00:05increase output by running deeper by 5,000 feet below the 29,000 feet depth of the wellhead. Now,
00:12as it pushed deeper, the well started producing sand and water at pressures greater than the
00:17wellhead could sustain, and the rig manager was forced to seal the wellhead and shut the rig down.
00:22Now, the question here is, did you push through an isolated pocket of gas, or was this pocket
00:28indicative of a much larger reservoir, which was your original geologist theory, one that I tend to
00:34agree with, given the number of producing rigs in the region notated on here. But currently,
00:40these are mapped as independent pockets of gas and not a larger field.
00:44I'm not sure I understand what you're saying. He's saying there's no guarantee.
00:49No guarantee? That the drill will be successful. You could spend $400 million to have absolutely
00:54nothing to show for it. Is that what you're saying?
Comments