RE:RE:RE:RE:Eple of a different Canadian basin. Well, it looks like GMP sees potential for 2.5 TCF just in Banarli (133k acres).
I think the report will include the entire area (400k acres).
So, I’m personally looking for at least a few TCF net VLE.
The reality is that with Turkish gas prices, associated infrastructure and the condy (oh sweet condy),
the market cap is still low almost regardless of what the resource report states.
bfw
kcac1 wrote: bfw wrote: From Cormark:
Absent any insight into D&M’s current progress and Yamalik-1 results, we believe a BCGA resource assessment could conclude 20-50 Bcf of potentially recoverable gas per section across the 1,600 km2 fairway. With ~300 sections of land across Banarli and West Thrace prospective for BCGA, we believe Valeura’s resource report could suggest 6-15 Tcf of gross recoverable gas, suggesting 500-1,250 MMBOE of potential recoverable resource, net to Valeura’s 31.5% (West Thrace) and 50% (Banarli) interest.
Thanks for posting that,
On the map (page 10) of the presentation is this label: Pressure Seal Area • ~2,500m well depth • ~400,000 acres (gross) • All deep wells within this area have • High overpressure • Increased Gas saturation • Gas Flow or recover gas to surface Just eyeballing the estimated perimeter of the potential BCGA or pressure seal area, it appears to me, about 60% is on VLE land
Also on that map referring to the inner perimeter that was added to that map after results of Yam-1 were coming in: Area of Depth Contour thru Yamalik-1 • 175,000 acres (gross) • ~3100 m well depth It looks like about 70% of that inner perimeter is on VLE lands which in the Dec presentation, it originally had a reference to condensate on that inner perimeter and was changed to the above wording in the Jan update
When you look at the 300 sections referred to by Cormark, that is 192,000 acres which appear to be in the ballpark when you look at the map.
So, if we go by the Cormark numbers for this first RA they are saying they estimate the low number for gross recoverable gas to be 6 tcf and their low number for potential recoverable resource net to VLE to be 500 MMBOE.
So, if the RA has those numbers or above, do we consider it to be a good report and it should have a positive effect on the share price, or do you think the market wants more than their minimum estimate? Like many, just trying to gauge what we are looking for in this upcoming news release that I am guessing comes late this upcoming week at the earliest.