Seepage at the Macondo Prospect

I'm no oil field expert but something is very wrong in the Macondo prospect, AKA The Gulf Spill and any engineer with half a brain would be concerned.

The Macondo formation had a measured pressure of 11,900 psi before the well blew out. With between 2.5 and 10 billion barrels of hydrocarbons in the formation, there is no way that the formation has vented it's pressure by spilling into the Gulf. With the cap in place, the pressure at the cap is about 7000 psi. Where is the missing 5000 psi?

This afternoon an anonymous government source reported seepage in the area adjacent to the well. This is important because there are concerns that the well casing is damaged and hydrocarbons may be leaking into rock formations surrounding the well. Fissures in the rock may allow one or more leaks to develop which could make it nearly impossible to ever stop the leak.

With 12000 psi of aggressive hydrocarbons and rock continually sandblasting the seabed rock formation around the well we could see a seafloor oil blowout that could never be contained. The Gulf of Mexico could become a dilute sea of oil for generations.