STU 0.00% 94.0¢ stuart petroleum limited

re: report....! The Arwon prospect is similar to the Worrior...

  1. 16,324 Posts.
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    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

 
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