HDR hardman resources limited

+ + discusions about the future are more interesti, page-3

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    re: + + discusions about the future are interesti stolwyk

    Absolutely. The 3D graphics in Voelte's presentation gave Tiof, Dorade and other prospects a boost in my mind. Seems to me that WPL/HDR have these prospecst well and truely mapped and accurately estimated - and the uncertainty of whether there is oil there is significantly reduced by previous successes in the Miocene channel sands with associated salt structures. It also looked like Tiof goes further west than previously expected. Merou and Lead 100 are in new territory and new seismic is defining them better. Capitane and N'dor are also in deeper water - and I have previously read somewhere that WPL is excited about the deeper water prospects. Looks like the structures spread out as they go deeper and are downslope so provided there is seal they are more likley to be oil accumulations with the gas further upslope and nearer shore (as in Tiof). All of this looks fabulous and the identification of several prospects in this presentation that we have not seen before hints at what they might drill if time allows. I think there is no doubt that we are looking at a very significant oil province.

    With the exception of Dorade which is a committment well for Block 2, all the others are being drilled IMHO to add oil reserves rather than to research structures or geology (like some of the earlier Cretaceous drills). So chances of success are very good.

    I'm just hanging in at present waiting for the drilling to tell the story - which I expect will be a thriller!

    H
 
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