Adaltiora, we don't hear from you enough. Though considering the length and detail of your posts, I can certainly understand why.
Re "If flow testing gets Jaws past commercial thresholds - a possible calendar Q3 scenario - and these flows were sustained, the actual 2P reserve quantity would be limited to around Jaws drainage area (i think?). Therefore I'd expect the Company to move quickly, maybe with seismic, to build greater confidence in PEL 96 and beyond. There may be Jaws 2, or seismic, or even farm-outs to accelerate additional resource/reserve delineation."
I did a quick Google and, funnily enough, this post from rexsh popped up:
"They have tested LeChiffre, Klebb and have drilled Marsden and Davenport.
There is some serious distance between those 4 areas, yet the coals appear very homogeneous.
The chance of them not being homogeneous in Jaws 1 (which is within the klebb well cluster) is very very low I would have thought."
Management, both past and present, have always been confident of the homogeneity of the coals.
Will be interesting to see what happens if J-1 ends up enjoying its long massage. And Jaws was always envisioned to be a two-well project. Whether we get to J-2, we don't know yet.
Re "As to Jaws, I'd be very surprised if we threw lots of money at multiple wells."
Totally agree.
Gotta go. This bottle of vino ain't gonna drink itself.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)