Good question IMO.
I think there is sufficient 3D seismic around Pikka and Horseshoe to indicate the extent of those reservoirs, and that they are contained within those acreages. For Icewine, the relevance is the 'nearology' in that our 2D seismic has confirmed similar geological structures (faults, fans etc), within the same geological layers (ie the Brookian sequence), and that AVO analysis has indicated the higher likelihood of these structures containing hydrocarbons. Hence we have "prospective resource". The current 3D seismic analysis will help better define the extent of these structures within the targeted drilling areas, to somewhat de-risk any subsequent drilling. But it is only a successfully executed drill in our acreage that will convert the prospective resource (conventional) on our acreage in to discovered reserve (both proven and contingent).
All IMO. GLTA.
IW2 reopening, page-63
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