A 17m gross pay section with good oil shows is similar to the oil zone found in the Snatcher/Charo field and from the announcement appears to be at the same stratigraphic level. Log analysis will attempt to measure the net pay (thickness of rock capable of flowing oil at commercial rates) but a test is useful to confirm the log interpretation.
The net pay can then but used in conjunction with the seismic interpretation to estimate the volume of oil discovered (net pay is height and seismic used for area).
The commercial viability of the discovery will be uncertain in the short term but the result is of course much more encouraging than a dry hole.
Things to look for in the future: test results, is the well cased for the future, how soon is a followup appraisal well announced.
A 17m gross pay section with good oil shows is similar to the...
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