Balus

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    • Thu Jul 17th 18:35 PM | Rating: 0 0
      Commented on:
      Instant Gratification with InterOil Corporation?
      Interesting to see you guys discussing IOC here w.r.t its activities in PNG. I for one am more into proving what you have in the ground before progressing to infrastructure development...or should I say; its the old rule. Prove what you have before you think any further.

      Trouble with me is this: to say the least, what IOC has found in Elk 1 & Elk 4 (not discovered...for discovery is a technical term reserved for proven reserves) are either fracture gas with stressed pressure that gave elevated test results...ofcourse some technical questions to ask would be...what about regional formation pressure with neighbouring wells in the area, or have they proven by extended periods, or have they prove its not fractured and not stressed. I understand that Elk 2 and Elk 3 results did not yield similar results but they were drilled on the same sturcture...Elk/Antelo... So why did they not intersect the same superb reservoir??

      IOC has alot of explanations to do...but that I shall leave it to those who want to buy IOC stock to ponder. I just would be very careful...and sell when I Have to.
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