RE: An Ocean of Oil?3 Jan 2019 09:51
Ocean, am starting to believe too. The LS3 is also the same as the giant oil fields to the NE of our block
I posted this on ADVN this morning.
I know I keep banging on about it, but this webcast is really worth a listen especially given yesterdays news.
http://webcasting.brrmedia.co.uk/broadcast/5af56ddbb8283f1e00f55185
He's presenting this presentation:
http://amerisurresources.com/images/rns-pdfs/AGM-Presentation-15-05-18.pdf
Page 16 - He describes the oil field to the north east (not on our block) as "Most important field in the last 25 years - it's simply massive". Note: It produces from the lower sands 3. The hypothesis is that the red fault lines extend into our block.
He then describes "As they drilled the bumps along there , they eventually came to understand that this thing *was all connected* and it was one *simple field*. that field has produced 50 million barrels to date and still only 2/3 developed... What we've asked ourselves for a while is why haven't we been drilling wells in here. The fact is our 3D seizmic here just kinda misses this fault section here and our 3D bit in the south, it does catch these trends but only on the corner and these structures are very subtle..."
They are now drilling between Indico and Aguila where "at Calao of between 2 and 7 mmbo. However, given the results at Indico-1, which indicate the potential for combination trapping, the Company believes potential resources may be significantly higher". As I said yesterday On page 15 there doesn't appear to be an obvious 'hump' trap to aim at - the bright green section?
It seems to me that they are drilling the gaps "between the bumps" to understand if this thing *is all connected* and it is one *simple field*.