chewed my entire fingers off long ago but they have been growing back strongly these last 18 months! That's especially since it occurred to me that STX has already produced commercial flows from Klebb (be it in small bursts) in the early days and if not for the venturi complications with the small jet pumps would have (IMHO) declared a commercial resource well before now at the SCBGP!
In essence, if STX had used beam pumps (not jet pumps) from the start then STX would have kicked their winning Cooper goal long ago! For that reason I am perfectly comfortable in saying that provided they engineer a complication free well, Jaws will produce commercial flows! Once the beam pumps made it to Klebb, the jet pump damage was done!
In a perverse way, the long-term failure of the jet pumps (both big and small at Klebb) will ultimately lead to a better outcome for all concerned with STX because those delays (as excruciating and expensive as they have been) allowed STX to stay well under the radar until it's circumstances significantly improved. We are in a time of much higher gas prices, the GSA contracts are rectified saving STX $$$$, we have superior Management, Halliburton are now on board and STX will see much bigger flows from horizontals at Jaws than any vertical at Klebb or LeChiff could ever produce!
The above is as always my pure spec.....but I back it 100%!
HC
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