I went back to listen to the technical webinar and found something I must admit I had missed. At the 52:25 mark Scott talks about the 500 horizon. The new seismic has " Changed our perception of the 500 horizon " on the old seismic the size was constrained. Quote " Its now much bigger and less faulted and less complicated. He also says they got much more out of the new seismic than they had ever hoped for. So brings me to the point of the post. We all know/believe that the 200 horizon will be big given its aerial extent and multiple 40-80m horizons but Scott says the 500 is now much bigger..... Given the 500 level, a combination of Pebbly Arkose and Upper Angwa has 5.8TCF and 241 mmbbls attributed to it, its making me wonder whether we will get a very nice surprise with the updated seismic for this level? A big uprgade for the 200 level not currently included but what has peaked my continued interest is that Pebbly and Angwa are very very large so IF as Scott says they are much bigger how big could they be???
IVZ Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
