(05-16-2013, 07:00 AM)Palm Wrote:Agree, but if Raptor is not to point of being able to convince DPE that it is worthy of being included in a PRL, these west prospects likely wouldn't be either. This would support the language in the MD&A which states:
"On January 24, 2013, the DPE approved and registered the transfer of interest in PPL 237 to PRE and the related PRE JVOA. During the quarter, an application was submitted for a Petroleum
Retention License over the Triceratops discovery."In looking at PRL 15 it almost appears they shaped it as they did to be able to have access to the Hou and other offload area on the Purari. It appears the Purari comes close enough to the Tri field to construct another offload area, so they might get away with less blocks. If they end up piping product to EA to then the CSPs as they have shown on other slides, a PRL just "covering" Tri could be all they need.
I don’t think you have to prove there is gas in all of the blocks, just that you have a discovery in one of the blocks and there is some operational reason you want the other eight blocks. The blocks must be contiguous. They may give some leeway to include blocks that you have reason to believe may also be productive.
If you look at http://www.interoil.com/iocfiles/documen...inal-1.pdf page 21, you could take the PRL 15 shape and flip it over it would fit right over Triceratop Field. It would cover the area from the west line of PPL 237 to the East line and be two blocks wide except for the northwestern most block. That is one possibility. I don’t think there is thought to be any prospects south of the major fault on the south side of Triceratops Field. I would rather they put three blocks where Pteranodon is and where the northwestern part of Triceratops is headed. That would leave one block that could be put on the east side where the pipeline to E/A might be going to be.
After looking further it appears that they could put two blocks on the northwest side to cover the northwest end of Triceratops, run a row of block across the north line of PPL 237, drop south with three blocks and then east with the remaining blocks. That would cover all of Triceratops and would extend all the way to the Eastern boundary of PRL 15. So that would cover the north end of Raptor. We could say that area is needed for operational purposes for the roads and pipelines. This is my favorite layout of 9 blocks.
Regarding the possibility of having another dock on the river, any of the above arrangements would put us as close to the river as we can get and still be inside of PPL 237. I don’t know if the river is navigable that far up stream. I had always thought they would service Triceratops from Hou Creek and build a road and pipe line right-of-way from E/A to Triceratops.
