Sharing of an oil field across permits boundaries is a real pain...

Sharing of an oil field across permits boundaries is a real pain in the ass, you need lots of geophysical data, flow rates, production declines and lawyers, oh yes lawyers.

End result yes STO will pay ITC et al something, just will not be much as STO haven't really been producing Charo at a high rate for very long.

ITC has to drill more wells in the channels, not only to the NW but also to see if the field extend to the S.

Also the oil intersected at Snatcher 2 is in two channel sands stacked one above the other, the lower was water wet (oil wet at Snatcher 1 I think), so how far does the oil wet one extend in both directions!!!

Interesting time

cheers

PC43