Great stuff, for bye and oel. Apart from the excellent reserves upgrade that the report out lines, the interesting bit that seems to stick out is as follows,
"Drilling of the B65 Sand in the SM 71 F2 well resulted in a positive reclassification of a portion of Prospective Resources to the Proved and Probable Reserves categories. Although the SM 71 F2 well has experienced premature pressure depletion, suggesting the well is in an isolated compartment, the reservoir is mapped well beyond the small drainage area of the SM 71 F2 well. The Operator expects to side-track the F2 well in the future to intersect and produce those reserves."
As the extract mentions "suggesting the well is in an isolated compartment", F2 started of at 1500BPD and then after clogging up continued to decline until ceasing to flow.
If F2 was not a rescued D5 well, and had been optimally positioned for the B65 sands we could have been looking at a choked back production at Sm1, however when the B65 and other sands are drilled optimally, we could be looking at 2 x 4500 BPD , perhaps with another platform needing to be commissioned .
IMO DYOR.
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