Thanks Jibby and Ihavenoidea2035 for the material quoted by...

Thanks Jibby and Ihavenoidea2035 for the material quoted by Rhino. Very interesting to read Smithard's comments and gain more insights about that end of the play.
Sounds like they will production test Volans-1X, if its a discovery, and return to Capricornus-1X to verify pressure buildup and possibly see if there is a detectable pressure pulse. Serious stuff as it will cost a few $ to return to Capricornus to collect pressure data. Prudent field planning. So, likely to be medium term news flow from Volans-1X if its flow tested. I wonder whether its bp or ENI who hold the most sway in the Azul Joint Venture. For a few years ENI have been great industry leaders.
Smithard's concluding remarks on nearology noted and par for the course.
Investors have great hopes for the PEL 87 seismic inversion. Useful, but confidence would increase if there were direct calibration to borehole petrophysics from a first well in the Saturn fan, especially if there is unusual reservoir mineralogy. Reasonable assumptions can be made but we don't know how much hard petrophysical well data Pancon may be working with from discoveries in the basin. That information likely to be confidential,or only exchanged between joint ventures who have already drilled wells.
Repeating my previous hope that Pancon can increase value by expanding the portfolio of prospects in addition to the Saturn complex. Fingers crossed......
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