RE: MOU4 results?13 Mar 2025 22:42
There is 'distance' between the MOU4 and MOU5 drill locations, over this distance changes in permeability and porosity maybe witnessed, as well as the depth of the structure as we have already been told this by PG.
Those changes, where they exist, might be sufficient for the volumes of gas to be in greater or lesser quantities than currently estimated.
Interpretation of the seismic suggests that the Titanosaurus structure extends to beyond the MOU5 drill location, and therefore permeability, porosity and gas charge should be at least as positive at MOU5 as it was at MOU4, however, as already stated, this is what the interpretation of the seismic reveals, only on completion of drilling MOU5 will we truly know what the situation is.
Keywords are current interpretation and estimated.
Nothing is gauranteed, risk still remains...
If you want to consider a very simple anology then imagine standing on a beach with water only up to your ankles. 10 metres in one direction and you may be completely underwater, 10 metres in another direction you may well find yourself on bone dry land, the time of day and your choice of beach may have more or less dramatic outcomes than those that someone else might experience on their choice of beach, were it to be different from yours.
My own personal stance on MOU5 is that there is an unknown amount of commercial gas that is present at that location, therefore risks are mainly related to operational risks as experienced in the drilling of other wells, however with the knowledge gained from those other wells these operational risks are far less than the risks associated with MOU1, 2, 3 & 4
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