The new 3D data has: - Validated the seismic velocities that were previously modelled from vintage 2D data. These velocities confirm the Artemis prospect is a structural high. - Extended the northern boundary of the prospect and increased the size of the Artemis structure . - Confirmed the northerly extension of seismic amplitudes exhibiting down-dip terminations in the prospect. This response is consistent with a possible gas-water-contact. The combination of these factors coupled with an increased confidence in the expected reservoir quality and thickness at Artemis will likely lead to an increase in assessed gas-in-place significantly above the current estimate of 11.5 Tcf (total prospect) and 9.5 Tcf (within WA-360-P).
MEO Price at posting:
40.5¢ Sentiment: None Disclosure: Not Held