ARQ 0.00% 8.7¢ arq group limited

Hi BGA classic CB pri*k tease.Lots of wells have had oil shows...

  1. 6,650 Posts.
    Hi BG

    A classic CB pri*k tease.

    Lots of wells have had oil shows in the Grant, all residual. Major problem with lack of top seals, looking at the prognoses section for the well, look at the sand volume versus the possible top seals versus the known faulting.

    Anyway the only way to know is like ARQ, drill the wells and hope.

    The good news is that the structure and therefore volumes is not reliant on fault seal, if the known faults seal then the upside could be considerably bigger, if the unknown seismically irresolvable faults (if present) do not then bugger!!

    Good luck to all holders.

    Cheers

    PC43
 
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