ciggys, sorry about the confusion and all the questions but i think i now have a handle on what all the excitement is about.
Block 430- loc1 is fairly close to the Angelim field which has seven producing wells but 430-loc2 is even closer to these producing wells. 430-location 1 has a verical interval of oil shows covering 143m with excellent porosity readings. I take it there are high hopes for this? thus the oversubscribed placement at 47c.
The question is, how much better is 430-location 2 going to be which is even closer to Angelim and tipped to be an extension of?
I now see what all the excitement is about.
ciggys i was more interested in the calculation of reserves for Block 430-loc1. I guess no one knows yet.
ciggys, sorry about the confusion and all the questions but i...
Add to My Watchlist
What is My Watchlist?