I think so too Big, that's why I've waited so long here & in Aex - hold onto your shares lths, well awaited rewards are round the corner! This happened with my Sound shares, no reason why it shouldn't happen here too! GLA
Many thanks ! Yes we have many members who like wise have gave well sourced information, butt the interpretation is what can get up as time! I guess it's the calibre of understanding ! And how information is perceived ? I guess I'm still in class are there are many a good teacher !!!
Just to point out that I am in no way a oil and gas expert; everything that I (think I) know I have researched or learned from much more knowledgeable and educated experts on BB's such as this one - but in my laymans language; the new step out well is positioned to intersect the reservoir at it's optimal (highest and thickest) point with maximum gas above the water line (NT1 tested an area only 4m above the water line) and in an area where the NT1 gas is expected to migrate (flowing towards it's highest point) towards the new NT2 drill....
As regards a tecnical failure NT3 is far more risky due to the far greater depth and indeed NT2 is deeper than NT1 so relatively has a higher risk bt not significanty so. Howveer I have invested in one too many technical failures to discount the risk altogether....
With your astute knowledge ! Does the undip thicker zone stand us in better stead as it less say more meaty ! How would you see it on technical terms for a possible failure ? Please and thanks in advance !!
I strongly believe that the odds are far better than 60:40, indeed the only question to my mind is not "if" but "when" and "how much".... I am not suggesting that the NT2 will be an assured success, rather, that even if not it will at least prove up reserves and provide a read across for NT3. The only thing I can see going wrong is a technical failure on the drill...
Once the impending news comes , flow rates COD, booked reserves !!! And especially drill commencement!! You can dismiss actions once the alignment is in place, will be fast pace but iits all for the taking !!! The games will soon being but with slightly fairer odds how does 60/ 40 done in are favour !!!
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