HKP
Not meaning to be pedantic...The results of the FAN-1 well and the final analysis from the SNE-1.....
I read it as... Final analysis STILL to be completed on FAN1, hence the need for appraisal {2016 at the earliest
if the 3 planned drills and timelines are adhered to on SNE in Q4}. Final analysis would require the OWC to be
located on FAN1 and as such a reasonable & genuine estimate given as to total recoverable oil from that structure.
I think we may see a re-iteration of the net pay announced on FAN1 together with por/perm/sf etc but without
a definitive amount of estimated recoverable oil. SNE on the other hand has located the OWC,
the structure has been more clearly defined, hence the attachment of a contingent resource already on SNE.
FAN1 certainly has the "potential" at this stage to exceed preliminary estimates ...further down the track.
Of interest to me will be the deliniation of those different levels of API {28*-41*} and the corresponding
perm/por at those levels.
All good..............
GLTAH
FAR Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
(20min delay)