RE: After all that time ....28 Oct 2021 09:29
There are five sand zones;
Sand A & B : CoS = 100% (FinCapp Broker Report) and has big target of 360 BCF and NPV of $500m = 44p per share (net)
Sand C: It was interpreted thin sand in original well but data shows thick zone at updip location. Sand C has potential of 164 BCF gas and CoS 64%
Sand M : It was water wet but very small potential of nearly 20 bcf or so. (Very small and insignificant)
Sand O (Deep + Footwall) : Original drill didn't test deep target in Sand O, Appraisal well will be the first well to test sand O. However, seismic shows same attributes as shown in Sand A & B.
Sand O (Deep) has 37% COS & 358 BCF gas potential, while Sand O footwall has 46% COS and 147 BCF gas potential.
Overall, even if the well confirm commercial success in Sand A, B & C - that will be 524 BCF & Very high CoS in these three zones.