Hi Spawk
U are right I am being cautious with the Rec Fac (RF) of 20%, it could well b high as the porosity is pretty good in the sands. Tollhurst used 50% in their calcs. It doesn't matter whether it's 18 tcf or 8tcf, still would ranks as a commercial discovery.
Z-1 covers about 327 sqkm, thats a good size about 80733 acres. From the nearby Perseus wells, porosity for the legendre ranges between 18-23% & HC saturation is around 60%. The net:gross sand ratio is consistent too, simply b'coz the same formation (Legendre SST) has been encountered over & over again with a lower gas-water contact (GWC). The best part is these sands extended into block WA248P & were encountered at Athena-1, which is 5km NE of Perseus WA-1P block.
IMO, Z-1 appears 2b structurally bound by 2 local faults (blue semi-vertical lines on the image below) wherein the LGF & other strata have been trapped & give a good seismic indication.
Question people should b asking is, what's causing these bright spots on the seismic profile? Answer could either b gas, water or other some formation fluid.
Another week b4 we know that.
cheers
- Forums
- ASX - By Stock
- MEO
- cost for zeus-1 well
cost for zeus-1 well, page-16
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online