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Inconsistency between FAR's - Soloo Reservoir Risks & Managements Perception?

  1. VOGC
    365 Posts.
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    28/11/21
    19:18
    Post #: 57917559
    Hi All,
    I've been surprised for some time by what I see as a material inconsistency between FAR's COS risked values for the Soloo prospect's reservoirs and what FAR's management has been stating in presentations. A few comments on recent Threads have related to the high risk FAR have for the Soloo prospect's reservoirs. Posted below is a summary of my review into this inconsistency.     I have an oil & gas exploration background so hopefully my post will answer some of the queries / issues that have come up on HC threads over the last few weeks.

    Summary
    IMO FAR strongly believe that the SangomarField’s S410, S420 & S440 reservoirs doextend into Block A2 but the “official” risking associatedwith the reservoirs have been excessivelyconservative.

    Cheers
    VOGC

    https://hotcopper.com.au/data/attachments/3841/3841495-7dca6447cacd5aaf317836538319a6a9.jpg


    https://hotcopper.com.au/data/attachments/3841/3841480-800c1ae08fb402444902764f69f32363.jpg
    https://hotcopper.com.au/data/attachments/3841/3841482-a8cceb840a4de64e3187488bdb9e88c5.jpg
    https://hotcopper.com.au/data/attachments/3841/3841485-dc71899c4d0d892fb34811e04f19cca6.jpg

    https://hotcopper.com.au/data/attachments/3841/3841491-49702fed18a235d8140a8cad5506a08f.jpg
    https://hotcopper.com.au/data/attachments/3841/3841492-a624182baebe210899ddae51ea34e5bf.jpg

    FAR Price at posting: 76.0¢ Sentiment: Buy Disclosure: Held
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