NXS 4.08% 23.5¢ next science limited

re: finally back on track Jenifer,I've got Nexus' one-page...

  1. 2,834 Posts.
    re: finally back on track Jenifer,

    I've got Nexus' one-page farmout flyer for Vic/P56.

    It doesnt say much ... no chunky seismic data or anything on it.

    P56 is between Manta to the SW, Flounder to the NW, Manta/Basker to the NE and Blackback to the S.

    Bignose-1 was drilled, but looked like it showed gas. Volador and Great White were drilled just to the S of the permit, and appeared to be dry.

    They dont state the water depth.

    60% of the permit is covered in 3D seismic.

    They have Scimitar, Culverin and Haddock leads aiming at the Top Latrobe and Inter Labtrobe.

    They are estimating 50-200 mmbl reserves, but they didnt say whether this is low, best or high, or whether thats OOIP or recoverable.

    Ian Whitchurch
 
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