No probs MS. I think the answer unfortunately to your question is the only 100% way to find out if there's a commercial reservoir down there is to drill, but fortunately FAR should be drilling at least 3 offshore holes next year. Nice CSEM though at Kora has increased the likelihood of finding hydrocarbons at more than 50% (Rock sources figures) - not bad. As for commerciality if hydrocarbons are hit then we will have to wait for well test results. As more successful wells are drilled in the area & geology is better defined, then the well success rate of 3D seismic in conjunction with CSEM increases dramatically. Need to keep in mind though that 3D seismic is still the main tool for finding that black stuff & a lot of deep see wells especially under thick salt crusts are drilled solely on this. Chevrons half bill 4000 ft GOM Tahiti well was drilled solely on Seismic.
Cheers
PDYOR
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Mkt cap ! $34.19M |
Open | High | Low | Value | Volume |
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2 | 266 | 37.0¢ |
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38.0¢ | 3420 | 1 |
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3 | 91523 | 0.365 |
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1 | 25000 | 0.355 |
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Price($) | Vol. | No. |
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0.380 | 3420 | 1 |
0.385 | 16000 | 1 |
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0.410 | 33333 | 1 |
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