It's for the entire Kangaroo field/area (forget bilby sands there r thin & low in permeability).
Their net share of reserves is 1C-7mmbbls, 2C-88. The capex is what they were showing in their preso's 2 yrs back for SAntos basin.
What young Timmy hasn't mentioned there, is the number of wells that will b reqd to deplete the field over its life.
K1, 2 &/or K3 will serve the purpose of banking in the reserves (from 2C to 2P etc). Have a read of the D&M report from Sept 2010, skip to the very last page (67) for the magic number. They don't need to buy a FPSO, do what PBR did at Tiro lease it (9yrs firm + 6x1yrs contracts: US$370mil).
FWIW's the D&M report dwells on the risked resource of 181 mmbbls on a 100% basis (ie 383 mmbbls mean rec res x 47.5% CoS for Jaragua aka Kangaroo) attributed just frm the 2 Cretaceous reservoir sands.
Those 2 sands were water wet at K#1 due to the steep dip of the beds & the Eocene 5 litre oil sample recovered frm the MDT tool came in as a surprise to save the day for the JV. This additnl sand isn't even mentioned by D&M in that report released to the ASX in Sep'10.
At K2 the JV needs to flow a decent amount of oil (4k+ bopd minimum) & define a low gasil ratio, this IMO should derisk the prospect.
For now forget the no. of wells to go to production (producer/injectors etc) its all abt locking in a firm reserve base frm the appraisal drilling.
- Forums
- ASX - By Stock
- Article from Rigzone
It's for the entire Kangaroo field/area (forget bilby sands...
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.16 |
Change
0.000(0.00%) |
Mkt cap ! $1.730B |
Open | High | Low | Value | Volume |
$2.19 | $2.19 | $2.14 | $10.37M | 4.792M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 19105 | $2.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.17 | 59156 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 19105 | 2.140 |
2 | 10256 | 2.130 |
1 | 9156 | 2.120 |
2 | 9616 | 2.110 |
7 | 108915 | 2.100 |
Price($) | Vol. | No. |
---|---|---|
2.170 | 59156 | 2 |
2.180 | 27656 | 3 |
2.190 | 49676 | 8 |
2.200 | 166436 | 16 |
2.210 | 33717 | 7 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
|
|||||
Last
$2.15 |
  |
Change
0.000 ( 0.90 %) |
|||
Open | High | Low | Volume | ||
$2.18 | $2.19 | $2.14 | 1196400 | ||
Last updated 15.59pm 29/03/2024 ? |
Featured News
KAR (ASX) Chart |