Morning Chandler, A2 will always be considered an exploration well although for all intents and purpose would be an appraisal of the SNE 400 series sands...the big difference is the SNE field has very good economics because of the 500 series sands ...these 500 series sands don't exist in our A2 lease .
So the unknown with A2 as a stand a lone project is the economics of the 400 series sands on their own and can only be established by drilling...as a tie in with SNE they would only used towards the end of the fields life as they develop the easy and more economic sands and those 400 series sands closer to the core first...
With the 400 series sands being thicker in A2 it may change the dynamics and we know the 400 series sands can flow very well just not as prolific as the 500 series. It just needs a well to find out what's down there in terms of reservoir quality and the water cut etc so is exploration but exploration of the best kind...
Cheers Whisky
FAR Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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