Objectives of the well are to establish the presence of hydrocarbon within local trap closure and to demonstrate reservoir deliverability at sufficient rates that would lead to a commercially viable development. Alur Rambong-1, located approximately 17km to the west, tested 21 mmcfd of gas with 600 BPD of associated liquids from the Baong Sandstone in a similar trap setting, demonstrating that the reservoir is capable of production at commercially viable rates if the well is drilled in the optimum structural position. The well is being drilled approximately 375m updip of the highest known oil recovery from the Baong Sandstone and as such is expected to intersect the gas cap within a 235m thick gross reservoir interval.
Pretty sexy stuff.
MEO Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
