My understanding is that Tui SW is a close and adjacent prospect to the current producing fields. If they are going to use the current well as a gas injector, I assume they will inject gas from the current producing field down into this prospect/discovery. The injected gas should then force any oil in this prospect/discovery down and into contact with the current producing field.
A Research Report I have on AWE has 2 MMBOE to AWE from this well if successful with a potential valuation of A37M to AWE. The 2 MMBOE compares with a forecast "oil" production for AWE for the full year of 3.1 MMBOE (excluding gas etc). Consequently, these little discoveries, if succesfull are very usefull at replacing reserves while AWE looks for larger finds.
Regards
SP
AWE Price at posting:
$2.11 Sentiment: Hold Disclosure: Held
