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Your company investsin drilling expeditions? We finance exploration, yes. - And do you have a ceiling?- Well, everybody has a ceiling, but we have yet to find ours. Well, I need to drillan existing well. It's an offshore rig thatwas damaged in the hurricane. In the gulf? Correct. But there's no risk. It's an existing gas field, and the location'sbeen thoroughly mapped. The challenge isn'tin finding the gas, it's getting to it. And the challenge with thatis the time it takes. What's the timeline? If we start drilling in 90 days, we should reach the fieldin about ten months. - And what's the loan amount?- I'd say $325 to $350 million
Full Transcript
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Your company invests in drilling expeditions
00:00:04.471 --> 00:00:07.407
We finance exploration yes
00:00:07.507 --> 00:00:10.643
And do you have a ceiling Well everybody has a ceiling
00:00:10.743 --> 00:00:12.179
but we have yet to find ours
00:00:12.312 --> 00:00:15.315
Well I need to drill an existing well
00:00:15.415 --> 00:00:19.152
It's an offshore rig that was damaged in the hurricane
00:00:19.252 --> 00:00:20.062
In the gulf
00:00:20.072 --> 00:00:23.055
Correct But there's no risk
00:00:23.156 --> 00:00:24.591
It's an existing gas field
00:00:24.657 --> 00:00:27.494
and the location's been thoroughly mapped
00:00:27.594 --> 00:00:29.862
The challenge isn't in finding the gas
00:00:29.996 --> 00:00:31.631
it's getting to it
00:00:31.698 --> 00:00:34.834
And the challenge with that is the time it takes
00:00:34.934 --> 00:00:36.603
What's the timeline
00:00:36.669 --> 00:00:38.371
If we start drilling in 90 days
00:00:38.471 --> 00:00:41.674
we should reach the field in about ten months
00:00:42.475 --> 00:00:44.711
And what's the loan amount I'd say
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325 to 350 million
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Movie Summary
A modern-day tale of fortune seeking in the world of West Texas oil rigs.