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Potential for Mukuyu-1's Results to be Above Market Expectations, page-270

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luciano

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11/07/23

18:39

Post #: 68734869
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Originally posted by luciano: ↑

Hopefully that is the case by the look of recent company decisions...
Is my assumption for example, that they have abandoned plans for 3D seismic and synthetic mud, beside been more expensive
also because having learned from experiences, they are more confident now to retrieve oil/gas samples.
Is a case of lets declare a discovery first and then, once the sp will be much higher or with a partner, we will spend money for 3D....
Indeed MK-2 is going to be straighter than MK-1, will be interesting to find out with location they will chose.
On the below presentation at min: 12.00 onward SM seem convinced that they could hit oil at the H200 in another location.
I wonder if is worth to prioritise MK-2 location for the H200, considering that potential pay zone is in the 10-15m..
Then again, if MK-2 is going to be straighter and main targets are going to be intersected in a better location than with MK-1....why not!
But I suspect that is not going to be the case, otherwise why wouldn't they have done so already with MK-1.
Thinking out loud here...Please forgive me.
Anyone on the chance to hit H200, 15 hundred meters South and also hit better/thicker sands in main targets, with a straighter trajectory?

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....My apologies didn't read all the posts......so it seem yes, they are going for the H200 as well
and yes also main Horizons will be intersected in better location with a straighter drill trajectory than MK-1.
Just wondering why this wasn't done in the first place.

IVZ Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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