PANR29 Jul 2022 08:39
"The potential development of two large and separate oil fields sitting on top of each other, the SMD and Alkaid Anomaly respectively, utilising the same production infrastructure on the Dalton Highway with near term production opportunity, is rare and very exciting."
"material upgrade of both the current Alkaid and SMD resources."
The SMD coming in at over 270ft in this location is a massive upgrade.this is something like 15 miles from theta and talitha. The SMD has an NPV of 5bn or so at current prices. At Alkaid 2, it probably shouldn't have been more than a visible layer, maybe 100ft or so we must see a material upgrade to the neArly 3bn barrels oip.