RE: RE: RE: Size of the PRIZE Drillex;
1. You kicked off your piece with; 'Talisman has long known the potential from the Topkhana well...' 'Potential' relates presumably to the NGIP/OIP and the related reservoir parameters of the joint Topkhana-Kurdamir field. 'Success' to investors means getting that data. TLM did not. The TK-1 well was suspended without full testing and above its eventual TD. TK-1 is not yet known to be successful or otherwise. In terms of usefulness to WZR whose sole interest is Kurdamir the TK-1 data is therefore now of much reduced value. K-2 is now at TD and will be subjected to a full test program. It is K-2 that is now important - not TK-1. The benefit is now reversed; informing TLM in completing TK-1 and not the other way around. You seem to forget that it was WZR ( without TLM ) that provided the drilling data from their K-1 well to TLM. Even then, I understand TLM still consumed all their casing contingencies in getting the TK-1 well to suspended TD. TLM cannot afford to get the final section wrong in this scenario and perhaps need data from K-2 for success?
2. An ocean is basically water. Rocks ( aka formations ) are not water. They are deposited in water. I know what you mean but you did not say what you meant. Your description of natural fractures is not what I understand to be the case. Fractures are caused by tectonic forces. They are more prevalent in the more brittle rocks that have undergone severe deformation. For example; Cretaceous carbonates in the Kurdistani anticlines / faulted systems.
3. The KRG do not have the technical expertise to intervene and so do not decide the length of tests. That is the sole prerogative of the PSC operator. The KRG do set various deadlines in the PSC for significant actions/events to have taken place. There is a zero gas flaring policy in Kurdistan apart from the dispensations given during testing.
4. Gas. Your point was that WZR would pipe gas from K-2 for re-injection at K-1. Why would they do this ( or be allowed to ) when K-2 gas can be re-injected at source in the scenario you describe? However... you ask what will they do with the gas? Let me think.... The gas flare visible to the South is from the S-1 Jeribe EWT ( aka; long extended production test ). Logic might indicate they will do the same on a K-2 EWT ? I have no idea if gas re-injection will ever become a necessary requirement ( for bureaucratic reasons ) but for pressure support? You should be aware that K-1, K-2 and TK-1 all experienced extremely high reservoir pressures. Therefore, not a problem and no reason for re-injection. Burn it until you are told to stop. Then, ship it if the processing/export facilities have been built.
5. Qulijan was more than likely part of the same 'structure' as Kurdamir at one time. Indeed, all the WZR prospects were likely part of the same formations prior to deformation. However, you implied that Qulijan was still part of Kurdamir as the latter extended 'off block'. You also attached a claim that reserves could double and I took this to apply to your preceding sentence which referred to Qulijan. Quote; 'They also know the structure extends off the Kurdamir block. They stated in the June report of a location drill ready on the Qulijan prospect area. The Eocene and Cretaceous once tested could vary well double again the reserve numbers.' Well, reading it again you could have been referring to Kurdamir but that would mean your english is mangled a little. Anyhow, to be clear - WZR hope that Qulijan is Kurdamir-alike in the Oligocene and Eocene ( Cretaceous not mentioned ) and is 'possibly' connected across the Kurdamir fault in the Eocene only. However, the Cretaceous is at a shallower depth on Kurdamir and is may not be reachable as it is significantly deeper on Qulijan. The volumes in Qulijan will not be comparable to Kurdamir because of this and because its areal closure is much smaller. Baran IS thought to be a separate compartment of Kurdamir and this implies to me that the Cretaceous there may be reachable.
6. I am not discounting the potential of Mil Qasim in the long--term and said so specifically. Quote: 'Mil Qasim - M1 will need a frac treatment. It has excellent potential across 4 intervals. Once the well has been fraced it could produce 4000-6000 bbl/day.' Your statement is just plain incorrect and MQ-1 will never produce at this level. Period. Ask the company. Further more complex well designs wells, after study, may be very productive. MQ is being downgraded as a hi-volume production prospect IMO.
I appreciate your enthusiasm for WZR as I have a sizeable holding. But new investors may examine your statements and not find them credible. It is better IMO to present the known facts in an objective manner. WZR is extremely under-valued IMO also but Kurdamir is not today a proven major oil find. It will be soon I am sure and then WZR will need no need of our enthusiasm. I am adding...