RE: Anyone know how many b.o.p.d they would need for a commercial discovery?21 Mar 2024 12:00
10:40
I think that what PANR have shown is that the oil is there but that its tight and flow rates may not be headliners, even the long term horizontal test at Alkaid-2 failed to achieve the companies initial forecast although some of that could be fixable with amendments to stimulation methods and flow rates etc. but gas oil ratio issue they had there is a harder thing to fix as at the current time there is no easy access to market for the excess gas that can not be flared off, forget the proposed gas pipeline that is still somewhere up in the clouds at the moment, no one has come forward with clear proposals to how it will be financed, its been talked about for the last umpteen years and will no doubt continue to be just talk for quite a while yet if not for ever.
So all is not perfect over at our neighbours and they have a long way to go yet (as 88E does)
It was a strong rumour that before Oil Search did their deal with Bill Armstrong they actually did a once over at Great Bear ( GBP's then Finance Director had worked for/with OSL) but decided that the Nanashuk with its proven oil resource and flowrates was the better option despite the distance to pipelines.
https://www.linkedin.com/in/rmoynagh/details/experience/
As I say a rumour but logical as GBP face the reality of running out of cash.
Just one thing further I have often wondered where some of the contents of certain posts actually emanate from are they actually proxies? and if so who?
Posts at 09:50, 09:34 suggest I am not alone in wondering why posters who are invested elsewhere take so much time and trouble to research and post here 😐
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