If they are targeting the same sand channel and a migration path exists between Chinguetti-4-2/ source rocks and the trap was formed anytime before or shortly after migration began well then the odds of success are more than reasonable. Yes, until that bit hits the ground and is drilled to confirm oil-columns the oil is not "proven" but Banda can't be ranked as a straight out "wildcat.."
The 3D siesmic they shot to move Banda up their targets list must have confirmed characteristcs which were mighty interesting to the joint venture partners and using computer modelling they would have developed probability distributions which would have encouraged them enough to drill.. plus DHI's tied in and calibrated with well information makes it all very interesting. The biggest risk IMHO is that the type of Trapping they are targeting existed at the necessary geological time to trap the oil? If so the targets list just grows larger again, it would be nice to be given some decent information but the commercial silence must be warranted?
What to the "oilers" think?
Regards
HDR
hardman resources limited
