That includes being part of the Davy Jones project with Freeport-McMoRan in the Gulf that’s targeting deep natural gas deposits. Attempts to conduct a successful flow test at Davy Jones No. 1 were inconclusive after months of efforts.
The first Davy Jones well may be “tough” to develop as it’s too deep and the pipeline is too narrow to flow gas, Schiller said. A second Davy Jones well is scheduled to be completed starting in December and has a “high probability” of producing. Other ultra-deep Gulf Coast prospects are “promising,” he said.
They don't have the EXL III rig yet, so maybe they are setting up the plumbing to hook DJ2 up to the production platform? DJ1 already has the plumbing to the prod platform setup, but I don't think they did this yet for DJ2. Still think the EXL III rig goes to DJ1 first to do one last try their with a frac. CRR announced in a presentation that they developed a high pressure frac proppant to be used in the GOM for wells deeper than 30,000'.
Davy Jones 2 is a 1Q14 item. They have been waiting for special high spec completion components that they have stated will be ready in early 2014. They have also stated that DJ2 needs activity to start prior to mid January (lease hold considerations) and they plan to do just that. My guess is that the EXLIII will be first used on DJ1 in Nov & Dec before moving over to DJ2.