There requires more drilling to prove the resource in EP469. There are fault structures that require another hole (or even 2) around WE2 to book a reserve I believe.
However, given the successes in this drill and the great correlations between the seismic data and what they’ve found, there is little risk (IMO) in that component of the work.
The fairway/nearology are based on seismic data and offset wells. Have been pretty spot thus far re:seismic!!
Today's trade, page-54
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