re: report....!
The Arwon prospect is similar to the Worrior field in that it has the potential to contain hydrocarbons in four stacked reservoirs (McKinlay, Hutton, Birkhead and Patchawarra). The Arwon prospect is interpreted to have a chance of success which is slightly higher than that normally carried for an exploration well and the reason for this is that Arwon is thought to lie on the hydrocarbon migration pathway from the Daralingie trough through to Worrior. Arwon is assessed to contain up to 15.5 million barrels of oil in place in three reservoirs [McKinlay, Birkhead and Hutton] and 2.5 BCF of gas in place in the lowermost Patchawarra formation. The assessed potential 2P ultimate recovery for Arwon is 5 million barrels.
Very positive IMO
STU Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held