Ann: Drilling update at Alameda-1 - Strong oil shows, page-41

How good is it they have included commentary from the technical people. Stickland is one of the reasons i invested. Note his subdued, conservative, tone about what they have found. The narrative around the upper target is particularly amusing - hes basically saying we fluked a 600 m oil column.

This is going to be massive. The N is a repeat of the lower Alameda target, by virtue of thrust fault movement. We now know the N has permeability and is oil charged - then the Alameda is odds on to be a repeat of the same - just much larger in its volume. Main risk here is that the repeat (Alameda target) is actually there, although they seem to have reasonable definition of the cap rock on seismic and the repetition is quite clear on the section they have shown us. And to hit the N target at nearly bang on 3,000 per prognosis on seismic and surrounding well control, tells you the interp is pretty strong.

N target. They've hit the "edge" of the structure....and its 150 m gross...could be triple that in the centre. Oil in the mud tanks...does not get better than that. It does not look like tar to me, so it will be in the 25deg-30deg API range - free flowing.

Theres a few others on here@VOGC who know their stuff , better than me, interested to see what they say.