The 13/23c-11 well (A2) has encountered 220 ft of Captain sands with 20’ MD estimated to be above the oil water contact (OWC). This compares with expectations of 70’-80’ of sands being above the OWC at the crestal location. While this will have negative implications on Liberator’s Phase I volumes, i3 believes that the small amount of sands above the OWC at the A2 well location does not mean that the net pay has decreased in the west of Liberator. This western area, whe
27 Nov 2019
Drilling setback but still large resources
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Drilling setback but still large resources
i3 Energy Plc (I3E:LON) | 12.8 0 2.7% | Mkt Cap: 153.9m
- Published:
27 Nov 2019 -
Author:
Stephane Foucaud -
Pages:
4
The 13/23c-11 well (A2) has encountered 220 ft of Captain sands with 20’ MD estimated to be above the oil water contact (OWC). This compares with expectations of 70’-80’ of sands being above the OWC at the crestal location. While this will have negative implications on Liberator’s Phase I volumes, i3 believes that the small amount of sands above the OWC at the A2 well location does not mean that the net pay has decreased in the west of Liberator. This western area, whe