Mike My take on SNE4 is that it is to confirm the presence of...

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pj

2,090 Posts.

19/04/16

14:48

Post #: 17543885
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Originally posted by Mike R ↑

Guy's stop acting like a bunch of school girls, push all the negatives aside, enough is enough !
We all know there is allot of decent out there, but IMO the negative comment is now past it's used by date and is all coming from down tampers that cannot stand to see the share price recovering. End of rant !

Let's refocus on the Athenia and the real work that's going on offshore Senegal.
Ya thanks for your last SNE-4 update, your take is always much appreciated.

My understanding is SNE-4 is primarily to confirm connectivity, which in itself will have a huge influence on future development plans, development costs and the overall commerciality of the field.
Well it just doesn't get any bigger or more important than that for me !
It's the key to unlock the future and a precursor to any future reasonable TO offers.
To prove the field is connected is a huge milestone event, so let's not get distracted from what the Athenia is upto at this point in time !

Anyone have a handle on the other upside benefits of success at SN-4 ?
How much is this likely to translate into future reserve upgrades ?
Opinions please let's flush out how much our additional cash reserves will add value that's the key.
Mike

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Mike

My take on SNE4 is that it is to confirm the presence of the gas sands that are present dipping into the oil leg and productive at SNE3 at an as yet untested eastern location (which in addition is a bit more daring and stepped out a bit from the gas cap). Whether it can also be used for connectivity of these sands with SNE3, maybe, I don't know - they haven't told us. Don't imagine that it can be used to do any connectivity testing of the middle level heterolithic sands at SNE2 as they are not primarily the target st SNE4- too far out.

If the dipping gas sands are successful it will probably add just another increment to the 2C resource eg 10% (that's just a non fully informed pj worked area/net pay guess, since you ask, depends on what assumed already - could be a bit more as its a step out and I'm not sure how much area they would apply it too)

Other opinions may differ
pj

FAR Price at posting: 8.8¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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