Make your own decisions and DYOR
Do not let this negativitiy or my positivity change your decision making process....
But do look for more then negative judgemental opinions....and blindly optimistic .....
Whats the evidence at hand
1. Is Fause point a known producing area? Yes IMO
2. Has the well shown positive signs? Yes IMO
3. Do we know the full results? NO
4. Has the primary oil target even been tested yet? NO
4. a. or are we basing our oil assumptions on the gas target where the oil was an unanticipated bonus, albeit very small one...? Yes
5. Do you have good choke size data on to guage proper flow rates? NO
6. Do you have recovery pressures to know what your dealling with? NO
5. Are people with no knowledge of the actual play making judgements without the knowledge they need to base their decisions on....? Yes
Hmm make your own call...
Ide like to add a couple to make my point....
6. Do salt domes have a history of prolific gas and oil prodcution in Louisiana? Yes
7. Is the Fausse point salt dome a prolific producing dome? Yes
8. Is it surrounded by currently active wells that may have depleted its pay zones? No
9. Is there gas and oil evident on this side of the dome, indicating the salt has ruptured through the middle of high quality hydrocarbon formations? Yes
10. Is there nearby infrastructure making a gas connection to sales readily affordable? Yes
11. Are low cost secondary wells able to be drilled into other zones or to ramp up production of current zones? Yes
12. Is there other zones to be tested that may add to the value of any resource already know and tested int he current well? Yes = 4 more
13. Are any of these zones likely to contain gas or oil? Yes = both
14. Was this zone meant to target oil? No
15. Was condensate in this zone a possible bonus? Yes
16. Is the data to date that of a stimulate flow to slaes or unstimulated? Unstimulate
17. Is stimulating the well or placing pumps on it likely to produce better results? Yes
Hopefully now your starting to see a clearer picture....
Theres a lot more positivity and possible upside to this then some are seeing or commenting on