FAR 4.00% 52.0¢ far limited

Re: "FAR were first to use Jubilee as an Analogue. Not me." Yup,...

  1. pj
    2,090 Posts.
    Re: "FAR were first to use Jubilee as an Analogue. Not me."

    Yup, but that's where the comparison with Fan1 ends. I investigated this at the time and from memory found that Jubilee encountered fans with high quality oil bearing sands, where as at Fan1 the upper fans didn't contain commercial oil and the massive oil column found in the lower "early Fan (Beer)" was interpreted as mainly source rock with a interspersing of 29m of complex net pay of such quality that a 2c resource was not able to be quantified.

    I am only spouting what we have been told and that is "more drilling required", with the positive aspects that no water contact was encountered and area is very large, also the Fan1 location was selected to make sure all fans were encountered and not chosen as optimal for Beer etc etc so not saying the future results can't be good they just don't compare directly with Jubilee as far as I can see.

    pj
 
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