ASX Today, page-420

Lets consider the Conventional Potential we currently imminently await from 2.5D around Ice1/Ice2H, and furthermore, the acreage wide Conventional Potential from the 2D expected later in September. Some points worth noting:

- HRZ is prolific across the entire acreage
- TOC is 3.5% and is the source kitchen for the region
- Proven working petroleum system in the sweetspot
- 38Deg API light sweet oil commands a premium and is needed for TAPS flow and cleansing
- DW has stated the oil migrates South to North, and our acreage is the origin for 25% of Prudoe Bay oil
- 2 Major fairways with high porosity where more 2D effort has been focussed

If the 2D identifies faults and folding as expected, then you would expect these 'reservoirs' to be filled to spill point with oil from the HRZ source kitchen, prior to excess oil then spilling and migrating further north to fill Prudoe Bay.

So the question to be answered is, not do we have conventional oil (as we know we do from Ice1), but just how big are the potential reservoirs on the acreage and how much have we trapped before it continues its migration north to Prudoe??

All IMO

cheers
Chilly