From October Q...... Far believes there is additional net pay and resource potential not included in the preliminary assessment of contingent resource estimates for the sne field. This includes thin bed reservoir sands that, recently detailed post well analysis has indicated encouraging reservoir characteristics. and.... SNE3 is expected to intersect all potential reservoir zones. It will be cored logged and flowtested.
Such a significant comment (NOT INCLUDED) in resources estimates. So WHAT would these thin bed sands add to the resource estimate if they are spread over many kilometres. We can assume that they tested these in SNE2 and they flowed 1,000 bopd. Just throwing a figure out there,... could SNE be holding 1 billion barrels of oil?
FAR Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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