At HS1 they have a 26.7m core taken from the 8.5" hole from 4068.5m to 4095.7m and the 7" liner was set at 4255m. IMO, this zone should b safe to run the perf guns & perforate compared to the lower Plvr section.
Key variables once again will b the two P's (ie porosity & permeability) in the reservoir which could give a flwrate from the Frigate SSt, instead of reporting RTSTM & a windy woof of a flare.
Gas compo will b the one to watch. Didnt like the 35% CO2, so hope the upper frigate is different then this Plvr section.
Gas increas'd frm 2776m & they cored ~13m in a 8.5" diameter section of the well frm 2794-2807. Had mudloss at 2821m, this zone was imaged. An MDT was done in this section. So all this is safe behind the 7" liner which was set at 2961m. So u r looking at a section of the Baong sands that could possibly flw.
Once again, the fractures could play a key role with flwrates as the well starts offloadding the fluids, need these 2b clean for the gasflow in teh reservoir
So its a similar situation on both Wells. Cored reservoir sections behind the 7" liner waiting 2b perforated & flowtested, before the subsequent cleanup & P&A by the operator. Note, P&A is std ops procedure in the oil patch, u dont walk away with a pipe sticking out of the seabed.
Not for the faint hearted, unless u know how to use a defribillator. Prolly the reason why we didnt see a 143mil volume dumped like at A#1. Just my thoughts for now.
MEO Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held