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Ann: Zapato-1ST Drilling Update, page-33

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justinmetals

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17/10/22

11:26

Post #: 64231996
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Originally posted by In Da Hood ↑

Happy with the update lays it out in more detail to maybe keep everyone from losing their minds for another up to two weeks.

Even if there is up to 1000m of vertical relief suspected to the Zapato prospect is there any point drilling to say 4000m?

If we pop through the Vega Alta at 3000m why can't we just drill to 3200m in example the pressure and water contact should push the oil up.

They'd be better off imo doing that and getting the good stuff flowing and back to alameda to get that flowing then appraise Alameda do the Amistad and get the permitting done for a appraisal at Zapato following that.

The alternative is they keep drilling but seems slow going lol. Hopefully once through the seal we do more than 15m a day.

We are at 2880 so presumably update next week will be we are at 3000 given 8 days to drill 120m. Are they then going to try and drill the full 1000m of vertical relief that would be another 66 days?

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Who cares at that point mate! every 100m just adds another 500M barrels OIP which at the moment it’s just theoretical.

Then once TD called we produce from this unoxidised, sealed, light and highly pressurised oil bonanza just in time for Christmas

Last edited by justinmetals: 17/10/22

MAY Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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