FAR far limited

4.88%

39.0¢

Beer Prospect, page-3

First 3 Last

Share
Profile

Follow
Hawarani

4,493 Posts.

318

21/05/15

19:36

Post #: 15327254
Share

Originally posted by Ya ↑

They drilled thro' the upper play termed as Fan/Canyon & had shows albiet from thinnish sands & have deemed those as less lucrative (pg-2&3 frm FAR's qtrly). The JV continued to drill deeper towards the unconformity & intersected the Beer sands when the decision to TD at 4927m was made with no OWC intersected at that point.

As part of a stacked play there appears to b a high shale to sand ratio as seen in the 29m net out of 500m gross thickness.

Cairn acknowledged that they basically drilled in the wrong spot, but sussed out the source & found oil bearing sand blankets with variable API's oil. Hence the reason to go back to the basics & start tweaking the ampl's on the 3D to see where the best response comes from (ie, sweetspots).

Interestingly enough their recent preso's have shown a new 3Dseis amplitude map, where yellow/red color zones are possinly indicative of oil bearing lobes & the rest of the prospect has low ampl.

Needs a well to establish proper well control on the sub-surface indicators.

They should b able to sponsor a few master's dissertations, but will ask her nxt Wed what freq they've been peeling back the horizons (Hz or millisec's will do, ballpark).

This is a whole new area that falls under Seismic sequence stratigraphy & there r numerous case studies from all over the world where the operators undertook some clever detective work & nailed the exact 'lobe' kilometres from where they were originally looking along the channel.

Another thing that happens during deposition is the 'slump' in the seafloor where the sediments could lay hidden & can b identified by a typical 'gull-wing' anomaly.

COP can take up the reins for the deeper Fans & should b able to crack this, why!! Bcoz in their backyard, ie GOM they have many Fan structures/channels & incised valleys (Tertiary aged) courtesy of the Mississippi river which plies its sediments thro' Carbonate shelf into the deeper part of the gulf, as do most oil fields in the North sea (Jurassic aged).

Without proper well-control they r better off leaving it as STOIIP rather then divide it into sub-sets, mainly due to the uncertainities with regards to recovery, continuity of the sands along the entire basin floor & presence of oil in them etc.

Hope this makes sense.

Expand

Your about the only that does make sense Ya... the rest of it aint worth reading

FAR Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASE

Astute delivers high-grade lithium hits at Red Mountain

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 39.0¢		Change -0.020(4.88%)		Mkt cap ! $36.03M

Open	High	Low	Value	Volume
41.0¢	42.0¢	39.0¢	$15.21K	36.60K

Buyers (Bids)

No.	Vol.	Price($)
1	49519	39.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.0¢	2000	1

View Market Depth

No.	Vol.	Price($)
1	49519	0.390
3	71286	0.380
1	50000	0.375
2	192795	0.370
3	98728	0.365

Price($)	Vol.	No.
0.430	2000	1
0.440	28831	1
0.460	100000	1
0.000	0	0
0.000	0	0

Last trade - 16.10pm 25/07/2025 (20 minute delay)

FAR (ASX) Chart

Beer Prospect, page-3

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Astute delivers high-grade lithium hits at Red Mountain

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Beer Prospect, page-3

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Astute delivers high-grade lithium hits at Red Mountain

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News