re: gusher or duster The rating for success at heron is greater than 25%. The biggest risk in this structure is not that there are oil bearing sands, but whether the seal is good.
After final analysis just prior to drilling new seismic interpratation rated chances higher than the official published figure on the basis that Baraka believe the seal to be good.
There is a second exploration target on the block. If Heron comes up trumps you can pretty well bank the second exploration target will be good. A hit can be reckoned worth about 400mbo by estimates.
A duster will unboubtably bring a wave of sellers. But I would not bother to sell. The Baraka acerage is outstanding. If you watched CNN or
BBC take note of the Chinese / Africa trade summit. China has stood up and declared Africa in its cross hairs for investment in extractive industry.
the septics are not going to stand by and let it happen - hence Maxs description of a 'gold rush' mentality going on for acerage........which they already own.
re: gusher or duster The rating for success at heron is greater...
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