Yes, to expand that announcement (which was a presentation) also says:
• A 42km2 3D Seismic survey is planned for the second half of 2018.
• The 3D survey will enable OOIP and recoverable volumes as well as future drilling locations. • If the Xanadu structure continues to rise to the north as expected then the TP15 JV is likely to drill a side track well from the Xanadu 1 location.
• New seismic, petrophysical and volumetric data should be available in late 2018 enabling development to progress with oil being able to be transported to the Arrowsmith oil production facility.
Also:
• Mapping conducted by operator post drill suggests the Xanadu structural accumulation is North of Xanadu-1.
• A 42km2 3D Seismic survey is planned for the second half of 2018.
• The 3D survey will enable OOIP and recoverable volumes as well as future drilling locations.
• If the Xanadu structure continues to rise to the north as expected then the TP15 JV is likely to drill a side track well from the Xanadu 1 location.
• New seismic, petrophysical and volumetric data should be available in late 2018 enabling development to progress with oil being able to be transported to the Arrowsmith oil production facility
and more generally on Xanadu:
• Exploration success with Xanadu 1 well.
• Work program for 2018 to appraise the scale of the opportunity.
• Rapid path to commercialisation through existing infrastructure.
Let's hope we get something more from NWE soon, but fingers crossed it all gets ticked off soon in any case.
NWE Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held