RE: Mention of salt layer in RNS24 Dec 2022 11:26
Cheers Investeg for the explanation about the geology and salt layer - makes sense now.
Little CASP is sat on a **** load of black gold, just need to get it out of the ground. I've read schlumberger helped Chevron on the Tengiz project to deal with high pressure by using horizontal drilling and specialist drilling. Schlumberger also work with CASP as well so may have been the ones who recommended the idea.
Personally, speaking I am glad I've been able to get in just before this recent rise in share but why didn't CASP BOD go down this route years ago once they saw it's worked on the shallow wells? Was it just a money issue?
Merry Xmas and hoping for a CASP prosperous new year for us all