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onthepunt

5,234 Posts.

2504

25/03/21

16:06

Post #: 52041368
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Originally posted by usernam ↑

re "closing up the spacing on the up coming 2d seismic from 16km to 2km they may find more hidden O&G"

Any reason they are doing 2D instead of 3D seismic? Keeping costs down given the size of the area to be surveyed (but often marine 3D surveys are quite extensive), or somehow not appropriate to the ground they have?

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I believe it's due to the immense size of the target. It is not worth spending the extra on 3D when all they need to do is zero in on the best spot to intersect all 5 stacked targets with one hole.

IVZ Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
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Last 7.7¢		Change 0.003(4.05%)		Mkt cap ! $116.7M

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Price($)	Vol.	No.
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