It is targeting an unproven play with pre-drill resources of 95 mmboe and has an estimated duration of 27 days in a dry hole
To date the article is a dry hole
and while it may eventually be cited we do not expect it to be heavily cited.
Also included in the quarter are $13.9 million ($0.04 share) of dry hole
expense and impairment charges related to the Firefox 1 exploratory well, the Heidelberg 2 appraisal well and pre-moratorium drilling costs for the North Platte #1 exploratory well.
Washington, October 10 (ANI): NASA's much-anticipated "Moon bombing" mission, in which it sent the LCROSS spacecraft to the Moon to strike a crater in order to collect frozen water, may have literally hit a "dry hole
", as there were no billowing plumes of dust and ice visible after the impact.
I do know the driller stated he did not believe in dowsing and I don't know how or why he picked the spot that he drilled on but it was a dry hole
after going down over 100 feet.
Lundin Petroleum AB said Thursday that well Muny Deng-1, drilled on the Muny Deng prospect, has reached a total depth of 2,450 metres and will be plugged and abandoned as a dry hole
. The well is located in the swamp area of the southern Muglad Basin in Block 5B, Sudan.
(Incidentally, many well drillers have a provision that the client must pay for each dry hole
, also based on depth.)
But there is something else worth noting: An investigative reporter can spend months pursuing a story, spending thousands of dollars of the newspaper's money, and come up with a dry hole
He brags about never having drilled a dry hole
and speaks modestly about the other business ventures that multiplied his wealth, including agriculture and real-estate developments.
``There is only one dry hole
on the course and it can be very tough.
I believe a reader rushed to judgment regarding the environmental impact of splitting water to produce hydrogen for fuel ("Letters: Dry Hole
?" SN: 3/13/04, p.
Pre-tax dry hole
costs for the well were approximately $5.5 million net to Murphy, and of that amount, approximately $3 million will be charged to expense in the first quarter, with the remainder to be expensed in the second quarter.