Sure there wouldn't be any news release or statement. But there might be an update on "how are we doing" and maybe something new on operational plans. But certainly not drilling results.
There is a number of prospects being driller by various majors offshore.
@everyone Scot Evans presentation at EAGE event today was quite technical, mostly focused on the geology of the area and their thinking when evaluating potential of the basin. Mostly reiterated through what was disclosed previously about aeromag survey, 3 well locations, purpose of those drills and their expectations. Went quite in detail about overall African continent geology, demonstrating why Kavango is a wonderful prospect to find sweetest oil ever discovered (not exactly his words, but couldn't resist). Key takeaways: - very direct statement was that they are aiming to prove the basin, and have ground for developing the area further, not hit oil now - reiterated on environmental stuff, saying that they are using organic drilling mud, and all actions are done with approval of Namibian authorities - not mentioned anything on operational update (sorry guys) There might be some additional Q&A now. I will also share slide deck once that becomes available.
Encouraging. But we shouldn't expect oil fountains soon, it will be a long and lucrative journey with multiple development phases. If course, unless the basin is not just empty sand..
@everyone He got asked why pit at 6-2 well is not lined. Short answer: more expensive organic mud is used, which is not environmentally harmful. Allegedly after drilling it can be used as fertlizer. Also, someone asked about drilling progress. Obviously Scot didn't mention anything about how far did they go so far, but confirmed drilling in progress.
Yes. And I think it was exactly what was expected. But still, quite interesting technical details on the geology presented (at least for me as non-specialist)
so they started drilling second well>?
Don't know, but given that initially 45 days were planned for first well (so roughly 25th Feb), I believe not.
[15:40] And he sounded not in a rush with that allowing more time for proper analysis.
Any word on 2d permit vlad?