Courtesy of Netstockings, from shareholder briefing
At least one of the pays/zones is decent and would be subject to a vertical drill & have to be fracced & would be anticipated to yield 400-500 BOE/day making it economical
Bluff and the nitrogen cap encountered was not a phenomenon that Terry or any of other member of the team had seen previously. “Not in his wildest dreams” did Terry ever expect to see such analysis and actually personally participated in the field discovery and information gathering -self confessed to appearing in his equivalent to HardYakka Shorts in the fields.
The comparison is to the West Poland oil fields which are derived from the same/identical geologically aged rocks in addition to identical environmental structures.
SSN also discovered a percentage of Helium present in the Bluff drill which may have significance given the high price of helium commanded on the market.
