I'm not giving my opinions, just simply stating some notes Obama made:
-Directing administration to open more than 75% of potential offshore oil and gas resources.
-Country needs a strategy of diverse energy
-End tax breaks for oil companies while doubling down on clean energy industry.
-Companies will have to disclose chemicals used.
-Subsidize clean energy industry.
-New incentives to power buildings more efficiently.
-Working on a clean energy project to power 3 million homes with the Navy purchasing enough for the power of 250,000 homes.
-600,000 jobs could be created by end of decade.
-"Not walk away from the promise of clean energy"
"I sure wish there were more females that had your reasoning ability. Most apparently do not have the ability to see through b.o. "
Thats because I was schooled by my Grandad , most women think he OB is charming and has a great smile ,I prefer to look at what is in the back of his motives .
Good post acon.
Turt-I believe the plugs were all removed when the motor failed, while 'cleaning' the pipe sidewalls(a smoothing operation). Vital for 2 7/8" ID pipe. All this was stated in 1/17 CC and later in various posts on this board.
FWIIW-good to follow threads prior to posting thoughts as 'facts'. This can really confuse potential investors. Trying to help cut out conflicting input.
As we all know this was on the 17th. Now 8 days later so the 5-10 mentioned for clean up left should be finished. But they must be handling this operation like a Manned Space Launch and well they should. ( have often who was the foreman when the motor got stuck? Poor Soul and who made the call to JB with the news, bet there was an eruption:)
So with remaining clean up done or with a day or so. Should be getting the p gun ready and running tube? I am not sure what that all means exactly but sounds SOP. Always the "never been done before" comes into play as we are to painfully aware. So the 3 weeks he mentioned minus the 1 week + a day and should have 13 days to go +- a day or so. Sooner or later we should have some period of smooth sailing. Certainly are due that. That is the way I see it based on JB's comments. Feb options could still be in play.
Thoughts/Comments always welcome.
From the Q&A of CC. Most direct Q asked re: Flow Test DJ1.
Richard M. Tullis - Capital One Southcoast, Inc., Research Division
I know you've mentioned a flow test at Davy Jones is being imminent. Do you expect to initiate that within the next 1, 2 weeks there?
James R. Moffett
If we can get cleaned up, it would take us 5 days. It could take us 10 days. We're being very cautious after having this hiccup with this doggone small mud motor, Richard. But if we get that done, then we would be basically setting the perforating guns in the well. And then we run our tubing, and it is inserted to what we call a polished bore receptacle at 16,000 feet. And we run our tubing and put the clearing there, go down and perforate the well and then stand back. So that's sort of the days that we've got in front of us. And those -- that could be a 3-week period depending on whether we -- everything goes smooth from here because it ought to be, once we get all this silly mechanical stuff out of the hole like the bare rider [ph] set up, it should be -- nothing is routine at this depth, by the way. But it should be as routine because you don't have any obstructions there. It's mostly running, screwing pipe together and testing the connections and then putting on the tree and flowing the well.
And it put a bind on this motor. So now that we've got that done, we're already back to washing. And hopefully, in 7 to 10 days, we'll be from 23,000 to 29,000
I was assuming (bad) sense the mud motor failed while drilling they have some left to go
Natural gas has been mentioned more frequently in many venues. If a Republican takes the White House we'll see much more emphasis on NG.......it's CLEANER and CHEAPER !!
Wake up Washington! NG automobiles are the future.
Bought more shares today and will buy more on any dips from here.
A Political Commentary Only(no bashing here)
Think about it-The unconventional NGAS Revolution has done more to aid Obama's re-election effort than anything else. The countries economy would be pathetic without this nearly frenetic economic activity. He now is forced to recognize the benefit and adopt the industry.
And then we run our tubing, and it is inserted to what we call a polished bore receptacle at 16,000 feet. And we run our tubing and put the clearing there, go down and perforate the well and then stand back.