Hi Ya
I always liked the Fan 1 prospect, main risk was reservoir which is still unproven to be of a commercial development thickness.
Now you can use seismic stratigraphic to postulate where the thin sands were derived from, basically down the continental slope and laid down in a submarine fans which trend to splay out once they have exited the delivery canyon cut into the slope.
But I find it very hard to come up with a depositional model that would allow any meaningful reservoir deposition within the Bear fan,
Can you?
Valuation Problem, page-38
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