01/03/2012 05 60 DROVE 36" TO 328'; SPUD 12/31/11; TAGGED UP @ 57' & DRLD TO 60'; CIRC; HANG OFF DRILLING STRING;
10/31/2011 01 29000 1466.4' EASTERLY ALG SL OF SEC 19 FR SW COR THENCE 2434.2' NLY @ RIGHT ANGLES LOCATED IN SEC 19.
I predict 18-21+ months to reach 29k' PTD. Sticking heaving shale grabs a big rigs drill collars also.
Bear Hump got to 25.5k' in 13 months. As you know the final 3500' will be the most difficult.
BH progress broken into 10k' increments:
00-10,000' 74 days
Question if DJ1 really does not flow, what will be the stock price. Does MMR have other assets? Without dj1 the whole ultra deep comes in question in my opinion. What value will the company have? want to see what down side i have
At least LC is smokin! over 3,300' of new hole this week. At this rate, should be at TD in 6 weeks (just kidding):
03/26/2012 05 10439 DRLD, LOGGED & SURVEYED TO 7158'; TSTD BOP'S 3/20/12; DRLD, LOGGED & SURVEYED TO 10439';