I think you're correct Whisky in that this discovery is nowhere near the 294mmboo targeted by FAR.
No contingent resource has been attached to any number as yet, unlike the immediate 2C assigned to SNE. Anything
more than 50mmboo would be a bonus and a possible tie in/bolt in to the main SNE field.
Thanks to Ya for the technical take on things. Here are my unlearned observations.
1. We hit oil again!!!....@15km north of the main SNE field. 4m net pay of pure black tea, inclusive of 16m net pay spread over
3 intervals. 24m gross hydrocarbon column, 11m net pay of condensate/gas. Only one type of API given @35*.
2. Not sure if the 35*API is just for the 4m net oil pay.....it would have to be as condensates generally have an API in excess
of 45*. If so, then 11m net pay could be described as wet gas. Still a good commodity, but unsure if this would be averse to
any tie/bolt onto SNE. Volumetric & other analysis required to determine if 4m net pay oil would be capable of generating a
contingent resource.
3. Referencing high & good quality reservoirs...just lacking the thickness, as was to be expected.
4. A possible 4th zone {I would imagine this would encompass the remainder of the 24m gross hydrocarbon column},
leaving about 9m from which to get some MORE net pay. Another 5+m on the existing pure oil reservoir would be
handy. That however is to be left for future drilling, possibly next year. I would think that the possible 4th zone would lie
in the secondary objective, deeper than the reservoir containing the 4m net. Still to drilled or has been drilled and the
data is not yet conclusive? Ya...perhaps you can comment on this.
5. Probably going to be more condensate/gas prone as we head further North re Spica..... a natural phenomenon,
considering we are getting closer {albeit marginally} to Gas rich prone Mauritania. The pure oil, as I have contended
and discoveries confirm, lies predominately South of Mauritania/Senegal. Spica should still deliver predominately wet gas
v dry gas imo.
6. Oil/Gas discovered again, in sands that are not directly connected to SNE, re-affirms the prolific nature of the Source Kitchen.
I have referred to this acreage being riddled with oil previously... What is certain is that the Basin Floor is riddled with it.
It also confirms that migration of said oil has found alternate routes other than that @SNE in order to fill those sands. The migratory
channels remain open, it appears, along the entire length of the shelf. Sands are of high/good quality still,@15km from SNE, albeit
thinner.
7. Where do we know that is South of SNE, where the same/similar reservoirs exist but only THICKER, where recently discovered
oil lies beneath it @ FFS1 {as Sirius lies above FAN1}, where it's 5-15km from the heart of SNE in the better direction, where a
500mmboo prospect has been mapped????????.....Another country on the map {and almost wildcat territory} but oil respects no
boundaries. Sama prospect lies closer to the Gambia River, the same ancient source that would have deposited the sands @SNE
and further North into Sirius/Spica. It follows that they should be thicker closer to the source.
I know I keep harping on about it but A2 is pretty much laying above a huge & prolific oil source, with thicker sands than that @
SNE, migratory channels appearing to be open along the entire length of the shelf with good seals/traps persisting
@Sirius 15km
North. These consistent parameters auger well for a continuation of geology just 5-15km over the border in the other direction.
Oil is not a problem in this basin, it will get gassier as we step out further north, further south, such as in Gambia/GB, it should be
pure oil AIMO. The reservoirs hold the key, as has been witnessed with the 2 FAN discoveries. They appear to be in quantity & quality on the shelf v the FANS. You'd be mad not to farm-in to this block.
GLTAH
(20min delay)