5GN 0.00% 14.5¢ 5g networks limited.

new spudding at arq except sp, page-11

  1. 547 Posts.
    Thanks Redal :) my comment was based on this line in the spud announcement:

    Eremia 7 is designed to test the northern extent of the Eremia structure which the
    recent Eremia 6 well demonstrated has potential to contain significantly more reserves
    than originally interpreted. If successful the well will confirm a reserves upgrade for the
    field and enhance the field’s production capacity


    Note I may be reading to much into it!! the bit about testing the northern extent of the structure I interpreted as meaning they were trying to find the boundary, this of course could be a completely bogus interpretation :) Certainly they commented that if it is successful that the reserves will be upgraded and production capacity increased.. So lets hope it is successful, as the reserves not growing is one of the things I think has kept the sp back.
 
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