Here are the original estimates for KN1. K1 was 250Bcf and there is now fair call to revisit should Tz Authorities come the goods. That is the question and hopefully a few dusters will assist in persuading them.
KiliwaniNorth #1 (Gas) will test: -Reservoir: Sandstones with fair to moderate porosities -Source: Close offset to SongoSongoGas Field -Seal: Overlying marine shales and claystones -Trap: Faulted anticline -Un-risked Potential Gas: Mean Expected (est) 10 -15 BCF
KiliwaniNorth #1 (Oil) will test: -Reservoir: Sandstones with fair to moderate porosities -Source: Potential oil source rock in Upper Cretaceous -Seal: Interbeddedmarine shales and claystones -Trap: Structural / StratigraphicTrap -Un-risked Potential Oil: Mean Expected (est) 10 mmbbls(Recoverable ?Based on 35% recovery factor)
KEY Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held