PCL 3.33% 1.5¢ pancontinental energy nl

General Thoughts, page-5116

  1. 54 Posts.
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    Waking up myself after my afternoon nap, I emphatically second @jibbybagger's sentiments.

    @V10, your rationale regarding the ability of 3D to much better delineate a stratigraphic trap, especially given the effectiveness of AVO analyses in those plays, is right on to me. And given @coeus12345 heard it straight from Robert Bose has me very much looking forward to his subsequent posts as well. I've only a couple of things to add in this regard, fwiw. First, I'd note that 3D seismic also helps delineate structural highs much better than 2D, and secondly, although HRT was the operator, Galp was already exhibiting an openness back in 2013 to shift from drilling carbonate plays (Wingat-1) to targeting clastic plays (Murombe-1) in PEL 23 in the Walvis basin, though not completely as they still went on to participate in targeting the former (Moosehead-1), again unsuccessfully.

    https://www.galp.com/corp/en/investors/publications-and-announcements/investor-announcements/investor-announcement/id/397/wingat-1-exploration-well-results
    "The main objective of the well was to test the resource potential of the Albian age carbonate platform, which was penetrated on targeted depth, but its reservoir quality is much less developed than originally expected."

    https://www.galp.com/corp/en/investors/publications-and-announcements/investor-announcements/investor-announcement/id/413/murombe-1-exploration-well-results
    "The main objective of the well was to test the resource potential of the Murombe (Barremian age) basin floor fan system, which showed a well-defined amplitude anomaly on 3D PSDM seismic."

    https://www.galp.com/corp/en/media/press-releases/press-release/id/428/moosehead-1-exploration-well-results
    "The main objective of the well was to test the resource potential of Barremian-aged carbonate reservoirs, within a 4-way dip closure, mapped on 3D seismic."

    Regarding Shell's Cullinan-1X well, just south of PEL 83, was that targeting a clastic or a carbonate play?
 
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