RE: Holding share Now ?22 Dec 2025 07:25
There are no specific regional analogs for this reservoir fracture stimulated with a multitude of stages. But based on a number of consultation with industry peers, there is a wide range of possibilities and there are other conventional reservoirs of our type being commercially developed around the world that we believe have produced up to 100% of the injected stimulation fluids, and even beyond, prior to commercial quantities of oil. Whilst the SMD-B horizon at Alkaid-2 began to produce oil when approximately 50% of the injected stimulation fluids had been recovered, this outcome can vary widely amongst wells even in the same reservoir interval. What is clear is that we have mobile hydrocarbons in this reservoir. Dubhe-1 has still recovered only ~50% of the stimulation fluids so far and based on analogs above we believe further cleanup is required before we can determine the commerciality of the well.
It’s a matter of waiting. Must be terrible trying to do the testing in winter.