Oil Search @ MS conference

[Gator]

Elk-Antelope appraisal programme to be

completed 2H15, certification 2Q16

http://www.oilsearch.com/Media/docs/1509...a7f5-0.pdf

[Martinistocks]

Nice info Gator. So in nine months or less we will move on to the next hurdles. Questions...
What is interference testing?
Looks like OSH is sticking to its lower estimates until proven otherwise.
Are the two certifiers Gaffney Cline and NSAI the chosen companies or the companies that have done past work?

[Putncalls]

I think that's the first time I saw the .775$MCF due for volumes greater than 7TCf on a OSH slide?

[jft310]

PET thinks at least 10 T's which agrees with Hession comments at least 10 T's . Pretty good sources most would think .

[jft310]

Interference Testing: The Low Cost, No Risk Approach
By Anil Joy | Tue, 1 Dec 2009
Interference testing, also known as a communication test, is a multiple well test that is used by operators to determine intra-field connectivity. Sometimes performed as a pulse test, an interference test is the concept of introducing a transient in one well, the active well, and monitoring the pressure on an adjacent well, known as the observation well. The active well is typically a producer or injector while the observation well is shut-in during the testing period. The transient introduced to the active well can be made by a variety of methods, but conceptually is made by changing the state of the well from producing to shut-in or the reverse. Also, a pressure pulse can be sent through the reservoir by pump-in or fracture stimulation. With pressure gauges on both the active and the observation well(s), a change in pressure response in the observation well is anticipated. In most cases, the main objective is to simply see whether or not there is communication between the two wells. Additionally, this technique is used to determine inter-well reservoir properties such as formation permeability and hydraulic diffusivity. In larger fields, multiple well’s inter-connectivities are being determined; thus more than one observation well can be monitored for each active well allowing strategic testing and efficient use of down time.

[Martinistocks]

Thank you for that info JFT!

[2126]

Slide page 18 shows Ant 6 spud mid-November (5 weeks from now) and Ant South spud by April 1, 2016 (less than 6 months from now, and subject to JV and govt approval). Looks promising for certification by mid 2Q16 if Ant 6 completes by early 2016.

[jft310]

Ant 4 must be almost done . Takes a month to move a rig and reset up if I remember right .

[TomCrooz]

Ant 4 must be almost done . Takes a month to move a rig and reset up if I remember right .

Maybe management can buy shares between A4 finish and a 6 spud....but I doubt it

[Palm]

No no no Croozer; they will be testing as part of the completion of the drilling program on A4. And they will be thinking about drilling A6 which is also part of the drilling program. By even finishing the drill pad for A6 they COULD do a Jed Clampett a hit a vein from a seep.