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Ann: Merlin-1 well confirms light oil with appraisal well planned, page-21

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  1. 3,098 Posts.
    lightbulb Created with Sketch. 5906
    Tech presentations much more coherent and detailed since merger. In fact the presentation is fantastic. The technical elements of the story gel in my books. Reservoirs are there, we're in the oil maturation window and oil is 35+ API...Im hanging around for the big prize.

    PS. Id be surprised if they don't get a good farm-out deal for any of the Peregrine and Umiat prospects. Personally, id rather the co went it alone, they will be giving too much away at this stage.
 
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