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PXP on DJ      5-Nov-09 05:24 pm    
Jim Flores:
"Davy Jones, yes, I’ve told people that Jim Bob once again has proved himself to be the world’s greatest geologist. We found the Eocene much shallower in the northern part of the Gulf of Mexico than it’s ever been found and proved a lot of the miss about the Eocene and Wilcox being at 60,000 feet in the northern part of the Gulf of Mexico. We are at 255 in the Eocene. We have not seen the Wilcox sand. It’s below Paleo [ph] was, and we are going back into drilling it. So the geologic concept is no longer wild. It’s no longer unproven. The geologic concept is right now we are down to whether we get the trophy or not and have some good sands on the structure and have the hydrocarbons that we think on the 20,000 acre structure in the middle of South Marsh Island should have. So we are into pure commerciality at this point, but it is quite amazing to rethink the geology in the northern half of the Gulf of Mexico based on this well and what’s possible if we find some good sands."
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odyd12


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PXP on DJ
odyd12 5-Nov-09 05:24 pm  
 
"So we are into pure commerciality at this point.....
k_berrigan (1 Rating) 5-Nov-09 05:35 pm  
 
I think it means that geology is right, and n...
odyd12 (2 Ratings) 5-Nov-09 05:41 pm  
 
First sand, then add a trap and finally ...
preferred38 (2 Ratings) 6-Nov-09 12:02 pm  
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McMoRan Exploration Co. (MMR)

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