01-16-2014, 03:00 AM
Jdeo, the term from the SPA is "pressure communication" and is defined as
"Pressure Communication means with respect to any accumulation of petroleum, that:
(a) such an accumulation has petroleum bearing sediments which are in direct and continuous petroleum contact with the Elk Field or Antelope Field as necessary;
(b) such an accumulation belongs to the same petroleum pressure regime as the Elk Field or Antelope Field with which it is in such direct and continuous petroleum contact; and
© the composition of the petroleum of such accumulation is consistent with the composition of the petroleum of the Elk Field or Antelope Field, as applicable, with which it is in such direct and continuous petroleum contact."
As others have said it seems difficult to imagine that Antelope Deep could qualify if it's below and separate from Ant. It's really impossible to "know" which structure(s) they think may qualify under this definition. Could be a "just in case" clause. But for some reason they are very interested in Ant Deep again.
"Pressure Communication means with respect to any accumulation of petroleum, that:
(a) such an accumulation has petroleum bearing sediments which are in direct and continuous petroleum contact with the Elk Field or Antelope Field as necessary;
(b) such an accumulation belongs to the same petroleum pressure regime as the Elk Field or Antelope Field with which it is in such direct and continuous petroleum contact; and
© the composition of the petroleum of such accumulation is consistent with the composition of the petroleum of the Elk Field or Antelope Field, as applicable, with which it is in such direct and continuous petroleum contact."
As others have said it seems difficult to imagine that Antelope Deep could qualify if it's below and separate from Ant. It's really impossible to "know" which structure(s) they think may qualify under this definition. Could be a "just in case" clause. But for some reason they are very interested in Ant Deep again.