poe announcement out, page-4

Just for starters.....
1. WBext-1F.
I expected the first 8 wells in the first WBext (S) programme to be in the main sandstone compartment , with "another 15 or 20 prospects in the MAIN compartment alone".
It appears that they have sent the S rig over to have a look at one of the non-main compartments and now we are looking at "a follow-up appraisal program targetting the E and D layers in the NEW fault compartment is currently being defined".
Only negative is that the well in the new compartment has flowed at only 80 bopd,well short of the 220-300 bopd that the top quality HCB layer in the main compartment has flowed at in the results to date. Dont rubbish 80 bopd from an S well as they will complete any such well down to as little as 10bopd as all such completed wells are likely to earn their keep.
2. WBext 2B (V) appraisal well.
The more you look the better it looks. I like the reference to the situation excluding the well potential over the L33 side of the prospect ,which is where I think that the partners are very bullish,as witnessed by the upcoming 4-well there.