Cpr11 Sep 2018 21:54
Only just had a chance to read through the CPR. Looks like this remains work in progress, there’s still significant upside in the cpr for sure.
* The numerous Exxon wells (Figure 3-52) drilled since 2015 have discovered in excess of an estimated 4 Billion barrels of oil equivalent resources from mid-Tertiary to early Cretaceous reservoirs. The data from these recent wells is held confidential by the operators and their partners at this time.
The above has been taken from the cpr, any idea when Exxon’s confidentiality agreement runs out?
* 3.1.19.2 Well Data
The wells drilled from 1967 through 1992 would be considered Legacy wells (Figure 3-51). The data from these wells includes well reports, logs, time-depth estimates, petrophysical, geochemical and other various information. As is the case with older wells in many other places, the data is not consistent nor complete.
The above has also been taken from the cpr, so it’s very clear the cos given is based on the siemic data plus the legacy well data, not recent successful activity identified by Exxon.
* Several additional leads have been identified by ECO and their partners, which have not been evaluated at the time of this report. In light of the Hammerhead discovery, the Tertiary section will be evaluated in the near future.
The above has been taken from the cpr, so the tertiary Miocene sands proven at hammerhead and next door to Latuk still require evaluating and probably likely to offer the highest chance of success. The hammerhead discovery identified thicker reservoir sands than first thought so no doubt this will now get some focus.
Today’s cpr identified just shy of 3 billion barrels of resource but I can only See this growing and the cos improving...
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