FAR far limited

0.00%

37.0¢

SNE & BH.... my views, page-2

First 2 Last

Share
Profile

Follow
pj

2,090 Posts.

31/01/15

19:08

Post #: 14675142
Share

Originally posted by Ya ↑

ok given that the plan is to appraise SNE & drill BH, here are 2 images that I've touched-up to highlight what the JV is seeking in the Shelf. Yep 300m shallow water depths then FAN should make their fwd going plans feasible.

I had already covered SNE back on 17/11/14 post no. 14299527, so pls refer that. The graphics r self explanatory. They need to suss out how much gas is there.

This in my view could b same as what ENI-Vitol r proposing at Sankofa in Ghana were the first well flowed gas & the second well did 5ooo bopd of 30 API oil in 32m net oil pay.

---------------------------------------------------------------------------------------------------------------------------------------

Buried Hill (aka BH) on the other hand is a smaller 'play' then SNE, abt 203 mmbbls as per FAR (they call it Lufti). Why ?? 'Cos its a smaller trap. (not 700 MMbbls Hardmano, that's pure b/s).

I'd expect a net betwn 20-35m. What I cannot decipher frm their 3D seis is whether its the trifecta like SNE (ie G, O W) or is it just Gas-water or Oil-water in those two Sands at BH.

The X-section is oriented West to east & the structure has 2 limbs. So the norm is drill it at the Crest first & then appraise it on either side (ie east & west) if HC's r encountered.

This to me looks a very straight forward scenario, pre-drill. I could b wrong, if its all water wet sands (so that's the 'risk' for the 203 MMbbls gross estimate). If it comes up as oil then I suppose they should look at a twin development for both SNE & BH once they derisk the prospects.

Note, BH is apprx 8-9 kms NE from SNE-1 & 14 kms SE frm Fan-1, still a long way for oil to sneak out & hide in those sands. Anyways hope this helps (cometh Sept 2015 7 beyond if its all water in B/H then 'bugger' in advance).

cheers

P.S. : Phil321 pls post the dates for those conference's/roadshows in Syd, at y'r pace.

Expand

Hi Ya

Perhaps a post one of these days to teach us how to interpret seismic?

With respect to "700mb at Buried Hills" I suspect Hardmano might have been referring to all the Buried Hills prospects in total?

pj

FAR Price at posting: 9.1¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

DRO

History repeats for DroneShield investors but carnage so far subdued

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

AII

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 37.0¢		Change 0.000(0.00%)		Mkt cap ! $34.19M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	266	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	3420	1

View Market Depth

No.	Vol.	Price($)
2	266	0.370
3	91523	0.365
2	35887	0.360
1	25000	0.355
3	181997	0.350

Price($)	Vol.	No.
0.385	16000	1
0.390	1191	1
0.400	11030	3
0.410	33333	1
0.420	20000	1

Last trade - 16.21pm 18/07/2025 (20 minute delay)

FAR (ASX) Chart

Day chart unavailable

SNE & BH.... my views, page-2

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

History repeats for DroneShield investors but carnage so far subdued

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

SNE & BH.... my views, page-2

Top Stories

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

History repeats for DroneShield investors but carnage so far subdued

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News