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clock Created with Sketch. 10/02/17
08:22
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Originally posted by Hotazel
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Apologies, I need to clarify on the different leases. SNE is actually in Sangomar Deep. This to be read in conjunction with previous post.On expenditure.. as stated previously.. the appraisal costs on SNE will more than cover the expenditure requirement for the Sangomar Deep lease But Cairn is talking about: "finalising the selection of further optional exploration and appraisal wells to follow the two firm wells and ensure efficient evaluation of the full licence area." Full licence area means 3 leases.. Sangomar Deep Offshore, Sangomar Offshore and Rufisque Offshore. As mentioned the JV has more than expended what is necessary to keep Sangomar Deep in tact. The FANs are part of Sangomar Deep, as is SNE. Then there is Rufisque... I suspect they will poke a hole.. on trend with the shelf discovery in order to meet expenditure requirements for the Rufisque lease. At a quess ( they are talking about minimum 2 optional holes ( referring to "wells")) so I think they will put another hole in the FAN's because upside will be enormous. ".
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Farr need to drill a hole into Djiffere by 31 July 18 to obtain 75% of lease. It is possible this will need a jack up rig due to shallower water depth.
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