RE: Chance of success22 Nov 2021 15:36
I had the impression that the CoS was very much based on O&G drilling in 'virgin' territory.
One of the big risks is drilling and getting a 'duster'. IMO (and that's all it is), I don't feel that is as high a risk as it would be for O&G as they know the HE is there as it's seeping to the surface. I think it's more finding a reservoir with trap/seal etc.
Although some like to class this as wildcat drilling, I feel that it's not as risk as that.
Also (as I've posted before), I have been advised from 2 unrelated contacts that the company 'knew' they had a discovery in Tai-1, but the washout screwed up the wireline testing. There is, of course, no guarantee they will hit HE.
My level of confidence in the project is still high though and I am looking forward to big gains for the faithful next season.