Hey Corporate,
Very good question! Would love to hear someone knowledgable like 'squidgy's' thoughts on the implications. ITC have stated that the extent of the field to the north west was unknown. So I guess we at least now know that the field extends this far (have put the approx location of s-3 on one of ITC's pictures - note how it's well into the labelled 'open to the northwest' territory!):
Guess that has to mean increased reserves for the Snatcher field if it flows (in the long run). Also potentially more room for infill drilling. Not sure if we can conclude much about the increasing size of oil shows yet, as oil shows != net pay.
Pretty amazing that there's been 2 more successful drills at snatcher since s-1 and yet the price hasn't exceeded it's initial movement based on that news.
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Hey Corporate,Very good question! Would love to hear someone...
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