RE: Why "K"?1 Aug 2020 22:58
Manyana, you are raving. My diagram has nothing to do with the location of the "K" site? I took it from the survey application submitted to DCCAE for gods sake. If that's not the location of "K" then they have applied for the wrong survey (which I doubt). I merely wanted to show it in relation to the previous A-D sites which is why I started with the picture from last year's application.
You still haven't told us how you imagine K is a "move to the centre". K is in the Barryroe east panel, A and B are in the north and south CENTRE panels.
I absolutely admit to being hazy on the details of the OPL1 option area. The deal with PSE was a 3-year option on 60% ownership, contingent on PVR 100% funding the drilling of a well there. That was in 2015, so the option would have been due to expire two years ago. Obviously PVR have gotten extensions from the gubmint on their own SEL 1/11 area. But presumably they'd need agreement from PSE to extend the option on OPL1, and I haven't seen details of that. If you want to make yourself useful and not a pain in the a$$ you might dig that out for us like a good chap. But I can only assume that a sidetrack from a well in the K location fulfills the requirement. They're hardly going to horizontally drill into someone else's license area -- countries have gone to war over such things!
And yes -- something else I was unaware of: a 2016 evaluation of 400 BCF gas-in-place in this region, in the "upper C-sands". If half of it's recoverable that's about equal to the gas content estimated for the rest of Barryroe (unless the estimate already included that -- I don't know). There was also a suggestion that a vertical well might produce an initial 30 MMCF/day. Not to be sniffed at, but not going to set the world on fire. And I note the same announcement said: "Discussions commenced and technical evaluations ongoing regarding potential development synergies with owners of existing gas production infrastructure". That was four years ago and obviously the sort of guff we got used to in the TO'R era that never came to anything.
Finally, to correct your constant and intentional misquote: I never said there was not enough gas in Barryroe to make it economical. I said it paled into insignificance compared to the oil. And it does.
Now, how about stop being an argumentative chappie and turn your attention to useful endeavours.
Sign In
Follow the stocks
