Raptor-1
http://www.interoil.com/iocfiles/documen...0FINAL.pdf page 16
1. We hit the high end of the Raptor structure where the well flared gas and condensate.
2. We have a seal, reservoir rock, a trap and gas and condensate.
3. Seismic data indicates a massive structure up dip and down dip from the well.
4. From the transcript http://www.interoil.com/iocfiles/documen..._FINAL.pdf of December 3rd Laurie Brown states: “We have flowed gas and condensate to surface. Moreover, pressure testing supports the presence of a multi-hundred meter hydrocarbon column, beyond the 200m of reservoir interval encountered in the well, and logs indicate a highly fractured reservoir system to help deliver it.”
We do not know how large the field is because we do not know the depth of the gas/water contact. The pressure data will give them an indication of the thickness of the gas column if we assume a normally pressured aquifer or if we knew the true pressure of the aquifer. At this time we do not know the true pressure of the aquifer.
So all of the data indicates that we have a massive structure filled with gas and condensate. So this qualified to be called a discovery.
Bobcat-1
Bobcat is on the other end of the spectrum. Instead of hitting the reservoir rock at the high point we hit it at or near the gas water contact. We were high enough to prove the reservoir contains “hydrocarbons” which were flared at the surface on a drill stem test. So that proves:
1. We have a reservoir that contains hydrocarbons at the transition zone between the hydrocarbons and the water (aquifer). So we know the up dip portion of the reservoir will be filled with hydrocarbons from the hydrocarbon/water contact to the highest point of the structure.
2. According to the Press Release: http://www.interoil.com/iocfiles/documen...covery.pdf
“Recently acquired seismic indicates the crest of the structure lies several kilometers west of the
current well location and is several hundred meters higher than the current well depth.”
So the test data and seismic data acquired since Bobcat-1 was spud indicate that we have a massive structure at least several kilometers long and with a hydrocarbon column several hundred meters thick.
That qualifies as being defined as a discovery.
Now we just need to get some additional seismic data, locate those “sweet spots” and drill a few appraisal wells at both of these discoveries.
http://www.interoil.com/iocfiles/documen...0FINAL.pdf page 16
1. We hit the high end of the Raptor structure where the well flared gas and condensate.
2. We have a seal, reservoir rock, a trap and gas and condensate.
3. Seismic data indicates a massive structure up dip and down dip from the well.
4. From the transcript http://www.interoil.com/iocfiles/documen..._FINAL.pdf of December 3rd Laurie Brown states: “We have flowed gas and condensate to surface. Moreover, pressure testing supports the presence of a multi-hundred meter hydrocarbon column, beyond the 200m of reservoir interval encountered in the well, and logs indicate a highly fractured reservoir system to help deliver it.”
We do not know how large the field is because we do not know the depth of the gas/water contact. The pressure data will give them an indication of the thickness of the gas column if we assume a normally pressured aquifer or if we knew the true pressure of the aquifer. At this time we do not know the true pressure of the aquifer.
So all of the data indicates that we have a massive structure filled with gas and condensate. So this qualified to be called a discovery.
Bobcat-1
Bobcat is on the other end of the spectrum. Instead of hitting the reservoir rock at the high point we hit it at or near the gas water contact. We were high enough to prove the reservoir contains “hydrocarbons” which were flared at the surface on a drill stem test. So that proves:
1. We have a reservoir that contains hydrocarbons at the transition zone between the hydrocarbons and the water (aquifer). So we know the up dip portion of the reservoir will be filled with hydrocarbons from the hydrocarbon/water contact to the highest point of the structure.
2. According to the Press Release: http://www.interoil.com/iocfiles/documen...covery.pdf
“Recently acquired seismic indicates the crest of the structure lies several kilometers west of the
current well location and is several hundred meters higher than the current well depth.”
So the test data and seismic data acquired since Bobcat-1 was spud indicate that we have a massive structure at least several kilometers long and with a hydrocarbon column several hundred meters thick.
That qualifies as being defined as a discovery.
Now we just need to get some additional seismic data, locate those “sweet spots” and drill a few appraisal wells at both of these discoveries.
