Porosity / permeability23 Jan 2019 04:19
The latest RNS states "with an average porosity of 8%". For those of you with more knowledge than me on this subject, how accurate would that statement be and how much is it likely to deviate from 8%?
My little knowledge leads me to believe that even if the permeability is low, with a porosity of 8%, the feasibility of retrieving commercial gas is very promising.
Whilst I am sure we would all like TE10 to produce commercial gas, even if it doesn't, surely it does not mean that TE10 is a failure. In my mind TE10 is already successful, albeit not fully accomplished, yet. Results may affect the SP in the short term but in the long term it's good news. The gas is down there, it just needs the right company to make us an offer and then get the gas out.
Schlumberger would surely have walked before now if they weren't confident of the eventual outcome here.