Yeah there are always delays with these companies, so look for 6 months plus. Drilling for the well was far more expensive than conventional land drilling, given how remote the location is. They'll wait for an appraisal well to determine size of the field, (although alot of other companies would be happy to do so now, KEY are conservative which is good), I think it's 500BCF in the bag, 1.5 TCF upside IMO. Someone check, but from memory M and P's 5TCF M-Kuranga 1 gas discovery only produces at 18mmcfp/d. It's onshore. BTW, anyone know how much gas is needed for an LNG project, assuming all parties can get together?
-MK-1 5TCF
-Mnazi Bay 1.2 TCF
-SS 1TCF
-KN-1 (500BCF TO 1.5 TCF IMO)
-SS WEST ACREAGE???????
That's potentially 8 plus TCF gas...pretty sure that's easily enough for an LNG poject...
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- how much did current drilling cost
Yeah there are always delays with these companies, so look for 6...
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