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JRI Fireside chat with Scott Macmillan Tues. Nov 28 @ 9:00 Perth/12:00 Sydney, page-19

  1. 1,616 Posts.
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    A few questions from my side:

    - MK1 and MK2 net pay assessements (preliminary). Are we talking 10m or 500m? We have to at least know a ballpark figure with the data we now have.
    - NMR was run. NMR can accurately indicate reservoir fluid as well as petrophysics (permeability, etc). What does it infer that we have and over intervals that are how thick?
    - What is there that could go wrong this time during the sampling run? What is being done to mitigate these risks?
    - Do the rock properties (interpreted from GR/RES/etc. logs) look similar/correlatable between MK1 and MK2? Was the prediction of markers and lithology in MK2 fairly accurate? Was the seismic amplitude maps etc. correlatable?
    - Have we drilled any suspected fluid contacts? Gas/Oil, Gas/Water, etc. Did we predict to pass through any (flat spots, etc.)?
    - Were pressure points taken on the down run of the previous WFT/MDT runs? If yes, what are the initial suggestions?
    - How long were we pumping through the fluid analyser before it was abandoned and pulled the tool to surface? What drawdown was being applied?
    - Now that there is near certainty on the pressures expected to the bottom of the Uppper A. will the sidetrack be drilled with a lower mud weight to mitigate further risk of losses? Any adjustments to the mud composition (inhibitors, etc)?
    - What kind of over-pressure are we talking about in the Lower A.? Is it all reservoirs crossed or only one/some that appear overpressured? What is the remaining undrilled upside in the Lower A. and how much of this can be reached in the next section of the well?
    - Well testing, can it be accelerated or is late Q1/early Q2 constrained by LLIs? Cost estimate for the well test + drilling/logging the next Lower A. section?
    - To date, how is the well actual spend looking againt budget?
    - Have they already identifed other compartments in the field where the Pebbly A. has a 4 way closure to remove risk of fault leaking? Does it correlate with bright amplitudes seen on far stack seismic?
    - Can I come for a site visit? Any time in the next 3 weeks and I can be there.


    Thanks Maybe I can co-host one of these with you in future.

 
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