Exactly Whisky...IF SNE3 is as good as SNE2 then put your glasses down...it's game over clearly.
You are right though, SNE3 in all probability will not include any big blocky belting sands that
SNE2, 4 &5 will, unless the interpretation of the seismic is as bad as Hotazel theorises it may be. Hopefully the "market" will be "keyed in" to the extent of not expecting what was revealed @
SNE2 v maybe what the average punter is expecting from SNE3. 1/3 to half of SNE2 would be great.
Also it perhaps does open up the possibility later down the track of horizontally fracturing
those thin sands if need be to increase the EUR. Have been involved with quite a number
of "unconventional" wells over the last 7 or so years {None now thank Christ!}. Horizontal
wells have returned over 10-20 times the result garnered from a vertical well in the same
formation countless times. Of course these "wells" usually only have about a 1-2 year life
of maximum flow rates before they decline appreciably. I would also trust that the sands
here are "thick" enough to warrant a procedure like that without collapsing the interval. Anyway
a few options up the sleeve, hopefully SNE3 produces enough not to warrant this action.
An interesting appraisal well for sure but going to the starting gates with a confirmed
"bumper"result in the back pocket already.
GLTAH
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