RE:Look as though they definitely found oilDevanand yes. In their NR they said this: "The net pay and fluid properties of the hydrocarbons across the shallow and deep reservoirs will now be confirmed with electric wireline logging and fluid sampling, with results to be disclosed as soon as practicable."
I have a couple of questions about that. 1) Given that most of the hole is already cased, how will they get fluid samples in cased hole? Perforating guns and some sort of DST. My guess is that they've already gotten fluid samples when the hole section was not cased using a wireline MDT. They'll now test the open hole section that is not cased.
2)They also said that "results to be disclosed as soon as practicable". The definition of practicable is "able to be done or put into practice successfully". So when will it be "practicable"? The reason that I'm curious is because would it be practicable to release results before having a JV negociated?
If they do already have fluid samples from upper zones now cased off, then the government would know it. Yet the results haven't been released publicly because it isn't practicable. So they'll release the results when they can do it successfully. So when is it successful to release results? Why not at any time after they have them? I'm probably way overthinking this, but I get the feeling that the results have so much value to other operators that they'll try to monetize them first, in some way, before releasing them publicly. That's why I'm so curious about how this next phase works with JVs, farm outs.