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Thanks Li'Loil, nice find. That should help shift those 3c's to 1C's and 2C's and fatten that resource payment. Great news.
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"Higher than predicted". Doesn't that make it likely that our payzone is thicker and potentially increase estimated hydrocarbons?
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A few quotes in 2015
"Many people believe the payment this fall will be in the $2 Billion range ."
That's at $2 Billion , 10.9 T's
Different person
"The resource is larger than anyone ever imagined"
How many trains and when???
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Do I correctly recall the original connectivity testing location was A4 and now it has changed to A5?
It is great to hear news from IOC for a change, and very good news at that. The fact that this well seems to be proceeding pretty much on schedule is something of a relief as well. Drill baby drill (that sounds a bit weird coming from this liberal :-)) .
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Potentially fantastic news, not just for 230 meters (which is really a lot) but as it's at the top that the good quality rock is supposed to be. If the good quality rock turns out to be thicker, that will move the needle quite a bit.
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Newer rig ,maybe they have learned , drew a line in the sand ant 4 and 5 complete with testing by June 30 means they need results .
Here's an interesting add
Henry Aldorf in 2009 stated 12-16 T's at E/A . So if we have this 11 ish T ( mid point GLJ@) number with the addition of Ant 4 and 5 it's fair to assume Ant Deep could have 2-3 T's which gets ya to Aldorfs's number from 2009 . Ant 6 is in the mix some place . The total is close to or equal to Arun .
This is just E/A . And this explains my long term bullishness . That and the Marathon paid for Netherland Sewell pre drill extimate of 15 T's the basis of Wayne Andrews pick up of coverage of Interoil years ago . All of it fits together and justifies Wayne Andrews and Laurie Brown's bullishness .
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JFT, the fact that they're a whopping 230 meters off with the reservoir hight even when they've already drilled it multiple times should provide some caution to these guesstimates. Apparently they come with huge margins of errors, and then there is the question of how the reservoir behaves when it's produced (although luckily, as I understand it, most conventional reservoirs turn out to be larger when they are producing, but perhaps some of the specialists could correct me here, if necessary).
Anyway, what matters much more in Antelope's case is rock quality, but since the reef tends to sit on top, the higher reservoir is potentially very good news here.
