~2 Billion Barrels Recoverable25 Oct 2023 11:18
I thought one of the highlights of the 19th’s webinar, was hearing Jay, at about 8m: 50s into the video, say that basically, the Best estimate [the 2C figure] of NSAI for the Kodiak BFF reservoir was almost 1 mil barrels, whereas Panr management considered the ~2mil barrels [the 3C figure] to be the more likely.
This due to the fact that NSAI was bound by the data from the Theta West and the Talitha A wells and could not estimate any improvement in the reservoir quality going into the Northwest, Kodiak ‘chimney area’, which management firmly believe will show improvement because of its lower depth of burial .
https://www.youtube.com/watch?v=JJ7DvA8gK9s#t=8m37s
So, a lower depth of burial, which as we know, means better porosity and better permeability – thus pointing to better quality reservoir as it extends northwest from the Theta west well location.
And this was commented upon in the 14th Sept23 RNS:
“Pantheon's analysis of the regional trends in maximum depth of burial of the reservoir (Dmax) and its impact on porosity and permeability indicates the potential for significant improvement in reservoir quality some 5 miles northwest of Theta West-1. The Company expects, based on petrophysical analysis , a Kodiak appraisal well in that location to demonstrate even better reservoir qualities with 37 - 51% of the pay in the reservoir interval exhibiting porosities at or above 12% and permeabilities of greater than 0.1 milliDarcies - the typical cut-off for conventional reservoirs. This compares to 5% of conventional pay at Talitha-A and 24% at Theta West-1.”
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