RE: PANR22 Jan 2025 12:01
Mmmmmm, something they are not telling, maybe...
The main message I got was this drill would prove the formation had conventional play porosities and permeability so would flow easily... The only mention of these qualities is for the new, unexpected zones
"Three Additional Potential Oil Bearing Zones in the Lower Sagavanirktok Formation (Above Prince Creek Formation): Log and cuttings analysis identified significant potential additional net pay with excellent porosities and permeabilities resulting in substantial further resource upside potential"
Also, the net pay has doubled to 670ft TVD, for I believe the original targets, yet the increase suggested is just 15-50%..
if the expected was say for example 10x(20x5)=1000
Double any of those measurements and the total doubles..
20(20x5)=2000
10(40x5)=2000
10(20x10)=2000
Any ideas how doubling the volume of the resource only results in at most a 50% increase, all complicated stuff