SNE-2: rig arrival, page-50

DB,

The testing can wait. Drilling is what matters for now & should b self explanatory re: findings etc.

FAR should update the mkt on SNE-3 tophole status & move to SNE-2 this week (or what's left of it) I hope.  

An Operator chalks up a program factoring the 'what-if's' hence the 6+4 wks. Most of the Chinguetti & Pluto appraisal wells which were in similar sort of water depths & 2800-3300m TD were drilled in ~4wks max. Testing takes time so 4-wks is fine & should factor in unnecessary delays or multiple test intervals or any 'mechanical' dramas with the Test tools.

The top sands at B#1 hold the key as they r 'younger' (geologically a few 'million years' apart) to the lower Cretaceous Albian sands & thus carry a high CoS. So, should the later (ie Albian sand packets) b very thin or just pinched out/dry/water wet then its easy to plug that interval in the well & focus on testing just the top sands. It's a decent sized structure 30-33kms so net oilpay of 25m-40m in a couple of blocky stacked sands will b good to test.

This is the most imp. well in FAR's 30 odd yrs on the ASX, so a lot depends on how the appraisal drilling/logging goes in identifying the 'net thickness' of the Oil payzones intersected first.