Malcy says better than expected...
Cairn/FAR
Cairn, as operator has announced the results of the SNE North-1 exploration well this morning and it looks like incredibly good news all round. They have discovered oil and gas in the primary objective and oil in the deeper secondary objective which is a separate accumulation to the SNE field and thus very important. The company say that this is positive for the hydrocarbon potential north of the structural trend and ‘broadens exploration potential’. A 24m gross hydrocarbon column is indicated over three intervals with 11m of net condensate and gas in the primary objective and 4m of oil in the secondary objective, importantly below the SNE oil water contact.
Finally the crude oil quality at 35° API is slightly lighter than from the SNE field. Overall this well could provide enough new data to significantly upgrade the prospects and this should enable the partners to progress the SNE field development. This well marks the end of this campaign with the drill bit, it has been better than could have been expected and will without doubt lead to an increase in contingent resources in the area.
- Forums
- ASX - By Stock
- FAR
- Malcy says better than expected
Malcy says better than expected
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
51.0¢ |
Change
0.015(3.03%) |
Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
50.0¢ | 51.0¢ | 50.0¢ | $51.68K | 102.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 187769 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 0.505 |
1 | 62764 | 0.500 |
3 | 169438 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 187769 | 3 |
0.515 | 103300 | 2 |
0.520 | 335196 | 3 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 15.45pm 30/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online