GREY:HRTPF - Post by User
Post by
VanWilder1on Jun 06, 2013 6:47pm
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Post# 21494646
Good post by Ooleum on IHUB
Good post by Ooleum on IHUB
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ooleum |
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Thursday, June 06, 2013 6:02:10 PM |
| Re: VanWilder post# 574 |
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Post # of 575 |
Although bullish on Wingat, and rightly so; it was 2nd best thing to being commercial, I did find it odd that they went for Wingat first.
Sure, Wingat had a better pos ~28%, but its volumetrics are a quarter of murombes, whose pos is still a respectable ~23%.
If only half of wingat was discovered...~350m barrels, it's already close to nonecconomic. Different case for murombe; "only" 1.4billion, is still a hefty find.
Not only that, but more often that not, the larger offshore finds are typically turbidite systems and not carbonates (wingat). Both baobab and murombe are turbidite systems.
Of course hindsight is a wonderful thing...but I prefer murombe to wingat, especially knowing there are 3 source rocks of up to 200m thick
On a side not, a best case recovery of 7m^3 million of gas in amazon, is huge (so much so, that I have rechecked my sums numerous times). That's nearly 135million cubic feet a day net to HRT... 20,000BOE a day! (That's why credit Suisse happily loaned money for Polvo field)
That is all
Ooleum