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Cairn Half Yearly, page-23

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Northwestsoutheast

118 Posts.

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12/09/19

14:35

Post #: 40398468
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Originally posted by Ya: ↑

Basically its like a time-lapse. Think of it as an equivalent of taking a selfie each year on your b'day. Each year there's something different as part of the ageing process. Out in the Deepwater, u take a high res image pre-production, compare that with earlier ones where the wells were flowtested. A few years later revisit with another 3Dseis & so on. It is money well spent by a JV.

For instance at SNE, he JV should have record of 3Dseis from 3 surveys shot from 2007, 2015 & currently in 2019, alongwith any VSP survey done during drilling the appraisals. This will help them in identifying Oil-swept zones, any attics or isolated compartments where oil that can b flushed out at a later date by optimum location for a future Oil producer or water/gas injector.

I think their phase-1 gross reserves, i.e 2P - 230 mmbbls should last apprx 8yrs ballpark estimate. Compare that with Jubilee in Ghana, its produced 265 mmbbls from 28th Nov 2010 to 30th June 2019 & the JV r now chasing another 2P-300 with their next phase). Hope this helps.

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Thank you Ya,
Practical with common sense!

Much appreciated.

FAR Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 49.5¢		Change -0.005(1.00%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
50.0¢	50.0¢	49.5¢	$27.42K	55K

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No.	Vol.	Price($)
4	44531	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	50867	2

View Market Depth

No.	Vol.	Price($)
4	44531	0.495
1	20000	0.490
1	20000	0.485
1	38794	0.475
1	42553	0.470

Price($)	Vol.	No.
0.500	50867	2
0.505	30348	3
0.510	320011	3
0.515	3257	1
0.520	338616	8

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