Ann: ConocoPhillips exercises option to acquire a, page-31

re: Ann: ConocoPhillips exercises option to a... hi Andy

For arguments sake only, if we use 4700m when gas started & say TD is still 5300m, then thats a gross gas column of 600m. Which is what COP said earlier this year for P#1.

So if one were 2b very conservative for P#2, lets say 30%, then we are looking at 180m net thickness (ie 30% * 600m) & so on, till 60%.

Note that, one cannot use 100%, b'coz eventually they have to pick the cleanest & thickest interval, that will flow & has the right reservoir pressure.

At a depth of 5300m, with this amount of overburden, pressure shouldn't b an issue, hopefully the MDT will confirm this reservoir pressure, fingers crossed.

They had 4 MDT data points for the lower Jurassics, b4 the tool got stuck at P#1, so the more data they collect here, the better it is.

cheers