RE: Presentation24 Feb 2018 17:44
Hello Hamiltonbro,
You hit the nail on the head. The challenge for the P2248 area is that all operators are watching for the one to make the first move.
If you start in 43/11 at Cadence, 43/12 has a nice Carboniferous prospect called Andromeda and 43/13 has the Pegasus discovery, on trend is the big Cygnus development. These are all tilted fault blocks on the NE side of the Carboniferous failed rift in this area. It follows that if CLNR forms a group involving neighbouring operators then one well can help assess the whole thing. It will not be a single field but rather a group of fields developable as a single unit and exported via the Breagh pipeline as ullage becomes available. Pegasus was a big surprise on flow rates, probably because the gas was generated not by Westphalian coal, but by a deeper, Lower Carboniferous source of same age as the oil shales in the Midland Valley. The early gas generation expelled gas into the Carboniferous traps and preserved the poor-perm. This is not mentioned in the Envoi blurb. Same thing happened at Breagh where gas is wet, unlike most of SNS which is dry gas.
So bottom line is that there could be a few TCF recoverable in Carboniferous in this area but it requires some commercial engineering to make it happen.