TE6 (the well which we are just about to spud) will be drilled some 2.4Km to the North East of TE5 (the previous well on structure). The objectives of this well will be both to prove up significant additional volumes (hence the significant step out) and also to demonstrate that a properly done matrix stimulation can secure a commercial flow rate. This is a vertical well and is positioned at the very top of the structure (according to the 3D).
Assuming success at TE6 we would then go back to a position roughly in-between the two wells (0.9Km NE of TE5) for a producer well which will drill horizontally through the reservoir (and therefore enable significantly higher flow rates after stimulation as compared to the vertical well TE6).
Chance of Success on TE-5...........Low case 29%, Best case 22%, High case 14%.
JP and the team seem very confident due to the geology crossing over the land border from Algeria. Personally I feel the figures are quite low, but what do I know. Read the link below regarding appraisal/exploration
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