Mad,
This is an " expectation" and a fairly subjective one at that. The only thing I can deduce is that the net pay from SNE2,3 is probably in line with SNE1. Not such a surprise for SNE2 but SNE3 looks to have delivered on the upside, stated in fact. The southern boundaries are also more extensive than previously mapped.
Now, 30 metres across the ENTIRE field, on average? How big in fact IS the field? SNE 4, on the northern flank, if replicating the good result at SNE3, will go some ways in perhaps affirming that " expectation", albeit impossible to confirm in its entirety. Me thinks the next 3 well program will be devoted entirely to SNE. From FARs perspective, I would like to see a drill into the Beer discovery for obvious reasons ....a firming up of a contingent resource on that structure ahead of any DOC and prior to the trigger perhaps of any possible sell down or T/O.
GLTAH
FAR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
