ctr valuation - old park lane report on rrs..., page-55

Atzam-5 is a cracker, still needs to be proven with flow, if you see the amount of crude oil flowing back with mud. The picture of cutting pit inthe announcement is full of crude oil floating and they have to skim it to avoid fire hazard at the site.

Atzam-4 and 5 formation tops have similar depth (C18/19 slightly higher while C13-17 slightly lower) given 1.2km apart. It says A5 is high up in structure, away from water oil contact and they can drill a well in between with almost no risk of not hitting oil. To the SE side of A5, the structure will continue until hitting a fault, 3D needs to define this structure and what is on the other side of the fault as well. They need to secure land to the SE of Atzam-5, potentially the structure can extend to the other side of the fault. More wells can be drilled to the SE of A5. It's just my thought.