I have hummed and harred about posting this, so readers can make up their own minds and draw their own conclusions. Of which there may be none.
This week's Petroleum News has a couple of articles which could have a very material affect on 88e Operations. I stress the word could.
http://www.petroleumnews.com/pnads/231446715.shtml
"The plan of development turned in by Jade’s managing director Eric Opstad calls for targeting Brookian oil reserves, which was the kind of play found at the Sourdough prospect".
Folks will recognise the name Erik Opstad as our General Manager of Alaskan Operations.
Erik's Company Jade have completed a working interest deal with ExxonMobil and Point Thompson. This is of particular interest to us as the Jade Leases are next door to the leases we have just rebid on as part of Yukon Gold.
"New seismic 3-D data was acquired over the Sourdough area by Jade during the 2017-18 winter season, which the company is currently having evaluated, the plan said.
"Geologists think Sourdough’s reservoir, estimated at 100 million recoverable barrels based on the two wells, stretches under the 1002 area."
Jade is also “seeking to access additional seismic data and has engaged a well-known consultancy to assist interpreting that data.”
Is this the seismic we have?
Is this why Dave determined these leases worthy of a secondary bid?
View attachment 1413525
I bit more on this,
http://www.petroleumnews.com/pnads/567594554.shtml
"The pipeline infrastructure is especially important to leaseholders with undeveloped oil prospects farther east, such as Yukon Gold, Stinson, Sourdough (see related story on page 1 of this issue) and ultimately any future activity at the 1002 area of the Arctic National Wildlife Refuge.
The Point Thomson line is currently capable of shipping 70,000 bpd, but it can be expanded."
So if Sourdough and Yukon Gold can be tied together for a combined resource of ~200mmbls, would this not be a highly attractive package to market?
Point Thompson has had its issues but looks to be getting on top of them. ExxonMobil have shown a willingness to deal with a junior player in Jade.
It should be clear that my post is pure speculation, but I believe if you connect enough dots eventually a picture can be formed of what is happening in the East.
Cheers happy Saturday all.
(20min delay)
