They're out of Bonarparte - what a surprise.They are doing 2d's...

They're out of Bonarparte - what a surprise.

They are doing 2d's at Kilwani- wahoo
If anyone wants stats on 2d versus 3d usage these days compared with 10 years ago - I'll go find it.
But, 2d doesn't thrill me.
Last ten years
2d has all but disappeared whilst 3d has rocketed.
At the same time, exploration wells has dropped because more can be done with 3d
[Happy to hear contrary]

Onto PEP11

Fish is the main resource with p10 9tcf

Now, I've since found that PEP11 has six targets (inc Fish) with a total

p10 16.3
p50 5.1
p90 1.2

So if we take fish's 9tcf and make it a % of 16.3 it works to be 55%. (welcome any comment on that synopsis - OR even better - some actual figures.)

So fish theoretically has

p10 9.0
p50 2.8
p90 0.66

It seems I would like to take my theory of PEP11 being the one to watch AND reduce it to just FISH.

Which still works - because that is the primary target.
The other 5 sites are splitting up the remaining 45%

I would be estimating 0.8 to 3 tcf likely out of Fish.

Bull,
That would explain the 3bcf to 5bcf target range they just released in the recent quarterly.
Averaged over six targets.
The old per well target was 0.2tcf to 2.5tcf - which is still on their website. [But so is Bonaparte]


BIG QUESTION

What do you value BUY at IF they have 1 tcf??

Any thoughts or comments would be great


LASTLY

A big thank you to management for getting the date right on the title page.
Don't worry about the first copy being in b/w and looking like a dog's breakfast.
We got there in the end.