Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from James C. West – Lehman Brothers.
James C. West – Lehman Brothers
Bob, when I look at your timeline now for this first commercial FireFly shoot, I know you’re expected to be completed by the end of August and I think the original expectations were into September, perhaps I’m wrong there but I thought it was a little bit longer, maybe a six to eight week shoot. Are you seeing enhanced operational efficiencies with this first commercial version? Like it’s better than the efficiencies you had with the original technology that you used with BP?
Robert P. Peebler
No, the shoot was always designed to be completed pretty much in that first of September timeframe. We have a pretty hard stop just from the landowners’ requirements. I would guess, James, that maybe where the timeframe we had given you, that may have included some of the early acceptance testing which was we decided to take the equipment up to Colorado and do some of the engineering and acceptance testing there. We’d have felt like that would be better to do it on site so probably some of that time was built into that.
As far as productivity out, we’re seeing the benefits of version 1.0 to version 2.0 as compared to the Wamsutter and Apache shoot but it’s not beyond what we expected. It’s pretty much what we did expect. Now the interesting thing, and I’ll say for you and for the others, I would really encourage you to go into the website and look at the pictures because you really get a sense of the terrain and the difficulties that we’re challenged by. It’s all the way from farm land, it has all kinds of irrigation equipment on it, to very significant terrain that goes up as much as class five to class six climbing so we’ve actually even had to hire climbers to climb up and put the VectorSeis sensors along the side of the mountain. You just couldn’t do that with cables safely and effectively and certainly not in the timeframe we’re talking.
James C. West – Lehman Brothers
A followup on the FireFly. The second survey that you’re going to do, that I guess will be with BP. Will you still own the equipment at that point or is the intention to sell it to a contractor?
Robert P. Peebler
- To read the full transcript on Seeking Alpha, click here »
