Post by
SalvadorR on Apr 15, 2021 5:20am
Dry
well results look disappointing. no discovery here?
Comment by
austrochris on Apr 15, 2021 5:33am
Nice , if you say this . Could be one of the biggest onshore discoveries worldwide ! This is now real !
Comment by
SalvadorR on Apr 15, 2021 5:55am
how much oil pay did they find? I read 0.
Comment by
RHertig on Apr 15, 2021 6:08am
The NR said high BTU gas with light oil. So now it would seem to be figuring out the windows. Being highly porous is great. So you develop the conventional and as the basin is built out the can also frack the source rock at some point. Great news in my opinion. Hopefully the next wells find some medium grade oil.
Comment by
SalvadorR on Apr 15, 2021 6:32am
thanks for the explanation RHertig. that is helpful.
Comment by
GorgeousGeorge1 on Apr 15, 2021 7:25am
I'd put about </1% chance of being granted a permit to frack. environmentalists would would kick off, and with good reason. let's concentrate on our conventional targets>
Comment by
RHertig on Apr 15, 2021 7:48am
If it's like the Permian the need to frac will be decades out.
Comment by
justdave on Apr 15, 2021 7:56am
The Permian was primarily a conventional basin for about 90 years. It's only in its second life that it became an unconventional basin too. It just shows the future of what they have discovered here. I'm so happy for Namibians and investors alike.