RE: Nothing strange11 Apr 2021 12:38
08.07 - Thanks for you thoughts Garrym , always interested in alternative and structured view where I might have been making assumptions. I fully accept that I may well be off the mark as I've learned from RNS, the more information the easier it is to take your first understanding and not see the subtleties of the language and technical information given also harder it is to cross compare to pre drill presentation...So to be clear I am not saying I'm right, its just my take.
I guess I got to my thoughts based on the following.
1. In the preamble presentations to the drill they talk the 3 main targets, N20, N18 and N14. Former 2 were hypothesised to be analogous to Willow and last commonality to Harrier.
1. The N14 was the deepest target and we didn't go material past total depth. This is hypothesised to be on the Harrier Shelf break and therefore a Harpoon analogy. I believe from this, I'm taking this as the deepest target 88e discuss and one which wasn't test due to the operational issues.
2. The Surprise zone from what I can gather sits above N14 somewhere as that also couldn't be tested.
3. Other prospective zones higher up could be tested and were low saturation.
I've read over the 3 past RNSs and can see why you have the opinion that we can't fully understand how the actual results map to the pre-drill presentation.
However a couple of bits of information, maybe not definitely, point to the N20 and N18 not being as good as hoped -
- They have indicated that depending on map/remap Harrier might up high graded for 2022. You could easily argue that its efficient to do that anyway with encouraging results from Merlin, particularly in the N14 to get a step out understanding and in the event the surprise zone maps up to Harrier also. This is not saying Merlin -1 wasn't great because if the N14 and another zone are that decent then its still a result...I don't care if they don't find good results in 'Primary' targets as long as they find something good in something!
- I'm with you that I suspect the surprise zone, really is that if they are surmising that this prospect hasn't been targeted in the NPR-A before...(remember thats a statement covering not just our land but a number of other companies and wells). I like the Torok idea, especially after the understanding from Charlie-1 ie gas and condensate given the additional burial event and also the PANR presentations speaking to their hypothesis of more oil bearing in the Torok at shallow depths. If the surprise zone does look like it could be torok in the NPR-A That to me sounds like a major information discovery that I'm sure would hold interest to many other explorers.
I also concede I might have been a bit swift to write off the N20 and N18 target, although if I have to make a call, I'm still sceptical of them given it would appear the shallower drill targets where the shallower results were the less encouraging the results.
Now the discussion is flowing with lots of intere
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