sne-1 derisked?, page-46

Hi uncleart.... sorry my last post does't read very well......soooo wanted to thumb you up, but you said....
.tramboy would "get it right sooner or later".... couldn't  believe that part of it.... (talks nearly as much rubbish as jiggy).....no probs with the rest of the post.....like your posts please forgive.....(but give the trolls no credit..imo).

Mr Robertson thinks the next drill has been de-risked...(which could hold some weight).....

10. FAR is drilling into the best prospect off the upper West coast, and its 3D shows that all the characteristics of a successful oilfield are present, bar the oil. There are numerous stacked fans (old river deltas with good porosity), and 3 fan systems (north central and south), and the 1970s drilling found oil in the Dome, and a kitchen at work. It produces Types 1 and 2 kerogen, with extremely high organic content, as the graph in the FAR presentation to the Good Oil conference shows. FAR has announced that there is oil in the upper northern fan. So long as they are sealed, there should also be oil in the lower fans, as oil migrates upwards under pressure. The strike would also derisk the second hole (already partly drilled) because of its proximity to the north fans, as well as the middle and south fans, which would be drilled for appraisal if there is a commercial strike at the northern fans. It is probable that the reservoirs identified in the 3D would be filled from the same source kitchen. The Senonian unconformity introduces fascinating parallels with the Rio Muni and Levantine basins. Against this is the possibility that the field is uncommercial because of poor seals, oil quality etc.


http://far.live.irmau.com/IRM/Compa...13/FARsubstantialholderstatementonsocialMedia