Hi Blisti1,I've been waiting on confirmation from IVZ on their...

Hi Blisti1,

I've been waiting on confirmation from IVZ on their gas net pay numbers for the Pebbly Arkose & Upper Angwa and obviously any net oil pay they interpret. I've run some ballpark A$/S values based on an earlier assessment of the potential to just include the Pebbly Arkose net pay as a straight addition to the Upper Angwa's net pay - which I think for a ballpark estimate in fine.

The resource, and hence A$/S value, attributed to the Pebbly Arkose, assuming ~75mMD net pay, will be IMO underestimated due to my original Upper Angwa assessment used Mobil's data that was based on just the Upper Angwa and likely to have been quite conservative. SM has mentioned the Pebbly Arkose has porosities of up to 20% while the Upper Angwa has porosities up to 15%.

For yourself and those interested the Slides below should be self-explanatory.

GLTAH
Cheers
VOGC