The worst the 3D could say is that the original drill entered the structure in the optimal position and there appears that there is only a small subeconomic oil pool there and there appears to be no other prospective structures in the rest of the area of the 3D survey .
Possible but unlikely because that is not what the 2D seismic said though it only gave a very shady picture of what Nature had left there and also the oil and geological data they got from Xanadu 1.
On the upside the 3D could indicate we have a structure bigger than Cliff Head but much cheaper to develop because it can be drilled from the shore .
It may also indicate other separate structures that if Xanadu came in could have a high COS of being commercial discoveries as well .
Very big upside here .
Remind me again how many BOPD did the horizontal wells at Cliff Head produce when they first came in ?
3D after sophisticated analysis can give some direct indicators of hydrocarbons but only drilling can give a definite answer to what is there .
It is a shame that it has taken so long but things are moving now .
We just have to hope that Nature has been kind .
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