copy from last report
The table below summarises the preliminary results of the CPR evaluated by RPS for the A1 prospect:
Prospect
Undiscovered Gas Originally In Place (Bcf)
Chance of Success (%)
Gross (100%) basis
Low
Mid
High
Mean
A1 TAGI reservoir
278
624
1254
712
25
The Company believes that further work may de-risk the first well and the chance of success may increase on positive results from the seismic processing and geological studies.
I have a feeling that we won't be drilling TE-9 until September.imo
We need at least 6 weeks to construct drill pad (after our team decides where to locate it )and mobilise the rig
3 Wells to be drilled in the next 8 months.
Success with any one will make a huge difference to the SP and of course the LQ event.
Worth a gamble in my opinion.