RE:So let's hear everyone's thoughts? Notes...
1. They have not yet drilled through any of the three prospects yet. However, very close to intersecting the campanian target.
2. They will likely be running two casing strings to reach TD. Likely they will run a string before they drill into the Santonian.
3. For NW fan complex, they can drill exploration well that could penetrate (evaluate) 3-4 campanian / Santonian targets.
4. Expect Kawa and other fans located in the northern Corentyne area to have thicker sands relative to those on Block 58. This is based on closer proximity to the Bernice Canyon feeder system.
5. Expect size of resource to be comparable to those discoveries on Block 58.
6. Outside of the two mega fan complexes (NW and East) - there is another fan complex that has been identified in the northern Corentyne area. In addition, there are albian / aptian prospects that have been identified across the Northern Corentyne Area.
7. Second well is confirmed with Maersk Discoverer. Rig gives CGX flexibility given moored and dynamic positioning capability (can drill in numerous water depth configurations).
8. They will not extend Kawa to drill into the Turonian as this is outside the original design limits.
9. Kevin mentioned this is the best operations team he has worked with for a project of this size / scale.
10. Will be able to gather critical well data on all three objectives (irrespective of flank well location on secondary targets). If successful, can optimize well location for secondary objectives as part of appraisal program.
11. Kawa well location chosen first given strong amplitude response and visible trapping mechanism on seismic. In addition, Maka Central (block 58 discoveries) de-risks Kawa. Risk-reward profile favorable (though not revealed).
I believe all of our questions have been answered. Of course, would like to have specific internal PoS and P10/50/90 for each prospect - but, it comparable in size to Block 58 works for me.
Again, probably looking at Kawa (three independent objectives) unlocking in excess of a billion barrels of oil (gross). Certainly would think the NW fan complex could be significantly larger. Third party independent mean resource assessment has 3.2B for CGX's 66.7% stake and 4.8B gross.
It sure is getting fun and interesting now!