I would be looking for pearls that add up to between 500 MMbbl to 1B bbl for a tidy development.
Look at Tilenga in Uganda for a reference, lots of smallish/compartmentalised accumulations on 3 way dip structure that add up to a nice development.
The size of the prize in the first well is not so important as if it hits hydrocarbons there is a high probability IVZ can continue to drill out the other pearls and have a high % chance of succes with each subsequent hole (80%+)
IVZ Share Price, page-4829
-
- There are more pages in this discussion • 18,518 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
