Yeah, sorry to miss the great announcement. Just been reroofing an old farm shed that even a real estate agent would struggle to call rustic! Looks a bit more rustic now though!
Yep that level of detail was very good in the announcement.
Theres three things in particular I took from it:
1/ The resource at 105 is likely to be bigger than NSA calculated based soley on the 2D data.
2/ If indeed the reservoir zones are courser grained than at the nearby Dongfang gas fields we should get more gas per cubic metre by comparison and:
3/ Coarser grained can mean better permeability as gas/oil can flow more freely through the structure. Its not a given, only drilling will tell but it certainly looks better all the time.
NEN Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
