RE: RNS22 Jul 2019 19:27
Danielson. There may be oil there, but it’s currently unproven that we can get it to the surface. None of the historic wells on our acreage we’re tested and actually flowed oil to the surface. We’ve seen at Winx that clay in the matrix has meant oil cannot flow, despite being a mile or so from horseshoe. A major may stump up 100m in exchange for unlocking a proportion of 2.2bn barrels, but until it’s drilled they’re just numbers on a piece of paper. The brookian represents different facies to the nanushuk, environment of deposition, we’re talking muddy slope fans as opposed to top quality shore face sands at horseshoe, although we can take some optimism from similar successful areas e.g tarn. Winx was 400m barrels and ID’d on 3D seismic too once upon a time...(but it’s not modern 3D seismic shrieks brom and jiddy!!) let’s just hope the farm out partner hasn’t bent us over, because as DW said in the PI interview, it’s the best deal we can get..... Let’s have it Davey, 17 weeks since weeks not months...