RE: How much gas PRD/PG said they were expecting from MOU-1 well…?12 Jul 2021 17:46
I think de-risk is the key word here, and that any success was always going to require more drilling.
From RNS on 6th May:
"As previously guided, results from MOU-1 may potentially de-risk up to 1,823 BCF of prospective High Estimate gross recoverable gas resources in the Tertiary and in the MOU-4 Prospect to provide the basis for a further drilling programme, including appraisal and exploration wells, when the Star Valley rig becomes available again later in 2021."
From today's RNS:
"MOU-1 ... most importantly de-risked the pathway required for dry gas from a thermogenic origin to charge the primary targets in a prospective area of over 100 km². MOU-1 therefore further enhanced the CPR prospective gas resources assigned to the proposed MOU-2 and MOU-4 drilling targets whilst adding some additional potential shallow targets that had previously not been considered."
I'm no expert, but looking back over the recent RNS announcements things seems to be going to plan.