PCL pancontinental energy nl

Ann: Half Yearly Report and Accounts, page-13

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    Hi OG, i've also been reflecting on your section highlighted in blue; and wanted to get your thoughts. Given the sentance we know:
    a. "Oryx exhibits AVO's at 3 seperate levels, and a 'structural closure' at ONE of these levels".

    THOUGHTS:
    it's not possible to determine at which level/horizon this structural closure exists? (ie, we dont have that specific info yet - albiet as per the PCL 2022 AGM you point out, there is indications that this closure may exist on the mid-Aptian level if we are talking about lead-c1). QUESTION - if we had structural closure (ie, strat, or other kind of trapping) at the first horizon only; then this is going to severly impact the potential volumetrics; verses having structural closure on the 3rd deepest horizon (which may allow trapping of horizon 1 and horizon 2 also ,via migration paths?) Is this fair to say?

    Assuming we talking about lead-c1, and it's 45km2 structural closure - then it's just a matter of determining how much hydrocarbon migration might be moving into the trap; which given the circa 1300km2 combined of Oryz & Hyrax; has the potential to be quite favourable - but does rely on the reservior rock being favourable. Would this be fair to say? It seems given the sentance pancon mention above in their recent report (highlighted in blue), that there is some fairly complex geology we might be dealing with.

    Thanks again, and appreciate all your insights.
    Last edited by Drswing: 16/03/25
 
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