Great RNS16 Aug 2018 02:03
Seems to me that they have satisfied the appraisal objectives of this week. While unfortunate not to have proved upside in the 510 or 410 they found condensate in the 310 and a Bruce bonus deeper sand. Pressure data will be simple to interpret the Gas Water contact and redone the resource, hopefully proving a deepe contact than previously assumed. The 310 contact is obviously deeper and we now have a significant find below this (the 210) that we have very little additional info on. High pressure may mean a limited column but still I shall wait to see what they say about this. Not a bad result at all and we are more than likely better off than when we drilled. While the assumption was no doubt tontarget the well at the 510/410 contact let’s see what the pressure data does to our reserves prior to reacting.
I’m not discouraged by these results at all and will continue to hold