Ann: Progress Report Snatcher Field Update , page-15

Jargon that may help - or it may make you glad you dont work in the industry

Field - a loose term that describes an area where different sands and even areally distributed reservoirs are jointly collected. So the Moomba Gas Field is all the various gas reservoirs collected by the same topside plumbing and the Moomba Oil Field is the same for the oil (I believe it is 6 seperate Jurassic reservoirs). A term used by topside engineers and managers to talk about projects.

Reservoir - one single flow unit - so in the life of a field (5-90 years) all the wells see production/pressur change from other wells and the sand has a common oil water contact. This is the subsurface geological term and is a 'unit of mapping'

Well Names - Exploration wells are given new names (sometimes different operators across a border rename) - many single reservoirs have different well names. This is a term used by the government and media to confuse us.

So if STO and VPE jointly develop it might be the Snatcher-Charo field but all indication so far read like it is all one reservoir (all sands pressure connect horizontally and vertically) so there is likely only one reservoir (an internal name so VPE/ITC might call it Snatcher while STO might use Charo) - the well names will be Charo#-Snatcher# and even Librator# but that will have no meaning other than the original status of the well.

In complicated, heavily drilled areas only numbers are used for wells, the explorationists use strict geological naming conventions (Snatcher 1 -1744: A Sand) and the Field names wait until the collection point/pipelines are sorted.

In the end for the investor you only care about production forcast, reserves and most importantly further drilling on this reservoirs and new ones to be tested.