Ann: SC 54A and SC 54B 2D Seismic Surveys Success, page-2

re: Ann: NDO: SC 54A and SC 54B 2D Seismic Su...
SC 54A: 73 full-fold line kilometres of new 2D seismic was acquired over the greater Lawaan and Libas Prospects. The objective of the survey was to determine if the two prospects are connected structurally which would further upgrade the potential of the larger Lawaan Prospect, which is currently the leading drilling candidate in SC 54A. Prospective resource oil-in-place estimates for Lawaan and Libas are currently 34.7 million barrels* and 12.0 million barrels respectively (gross, unrisked, mean volume).

SC 54B: 430 full-fold line kilometres of new 2D seismic data was acquired over the Pawikan Lead. The objective of the new seismic is to mature the Pawikan Lead to Prospect status by addressing remaining risks relating to reservoir and charge into the structure.
The Pawikan Lead lies 30 km to the south of the non-commercial Gindara-1 gas and oil discovery well which was drilled by the SC 54B Joint Venture earlier this year and 10 kilometres south-west of the Service Contract 14 Nido A/B oilfields. Prospective Resource oil-in-place estimate for Pawikan is approximately 2 billion barrels* (gross, unrisked mean volume).

i hope you have everything crossed for the next well..which still seems to be sometime off...

perhaps we'll noe hear some news regarding farm-in deal..????

as i said "it's not all gone. if the oil godess smiles upon KIK then things will turn around..
....