Another element as multiplicator for example is gas saturation, oil saturation respectively water saturation.
This prospect , this anticline structure is really big and we see hints that the gas is there as well as we have seen in the presentation from 13th of May 2022, when the direct hydrocarbon indicators were presented with the interpreted seismic. This DHI can create some Texas tea fever although this are just some algorithm with some complicated mathematical formulas where you can change the input for velocities, densities etc. And during seismic processing and interpretation you can create many different scenarios and results . At the end of the day and currently it is " just " an interpreted seismic with many estimated parameters (because we got no data from drilled wells in this undrilled basin) and reality can deliver something else when the well is drilled. Like the sealing is not good, like the water saturation is too high, like the source rock did not generate enough gas and we are not in the oil, gas window, like the permeability is too low, like the h of the possible reservoir is too small, etc etc etc for a commercial production. In the worst case none of this 6 or 8 targets can be produced. This is possible but I do not hope so because I bet some money on a big success as most of you guys here. Without this crazy dreams no oil and gas well would have been drilled I guess.
But still I cannot believe that the whole structure is filled with gas up to the spill point (and obviously IVZ neither because they did not publish this numbers but it is funny to watch how we get some hints), otherwise it would be something like the carbonate (we have sandstone here as I understand) North Field in Qatar/Iran - and how often do you have such a jackpot on this planet? And we would be lucky and not loosing the invested money, when just one layer could be produced commercially in the future , already.
Enjoy the ride till the drill bit delivers the results. It will be an exciting time.
IVZ Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
