kiwi-1 to spud wednesday

Kiwi-1 is in their northern PEL-90, same as Acracia.

It is aimed at Worrior-type geology - a four-way dip, aiming for oil and gas in six layers. Officially, they are looking for 2.7 mmbo oil-in-place, but we saw how accurate that was with Worrior.

It is also a STU/COE co-production, with STU in for 75% and COE 25%. It should take 18 days to drill, with the first target being reached around Wendesday week.

Note that Kiwi is on the northern end of the Cooper area, towards the border of PEL110.

Me, I put the odds at a 10% chance of 0.5 mmbo per target layer - remember, STU hit on Acracia-1, 2 and 3 and on Worrior-1, and have missed on Karbine.