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Gold/Mining/Energy : Swift Energy (SFY)
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To: PuddleGlum who started this subject8/4/2001 12:25:53 PM
From: TRUE_TRUTH  Read Replies (1) of 1602
 
Looks like I'll have to raise my estimate of reserves for the 1000 acres of
Manutahi Sands in Kauri A-1 from 14 mmboe to 22 mmboe.

My original estimate only used the 12 meters of pay that Swift alluded to
in their press release --(their release did also specify the WOC ---but not
in a very clear or overt way). This release from Antrim gives the height of the
oil bearing pay zone as 17 meters versus the 12 meters Swift discussed.
Swift sort of just gave us data on the feet of pay they cored I think.

From Antrim: antrimenergy.com latest release on Kauri.

The initial hydrocarbon-bearing interval was encountered in the Manutahi
Sandstone (1,142m to 1,232m) with an oil column extending over a 17 metre
interval with porosities ranging up to 27% and permeability up to 800
millidarcies.

Antrim's CEO seems to say the same thing Swift said :

Stephen Greer, Chairman and CEO of Antrim Energy, said that, "The Kauri
A-1 well has re-confirmed our view that the Rimu - Kauri structure is a 'world
class discovery' with multiple oil and gas bearing intervals occurring over an
extensive area. The discovery of two additional relatively thick and shallow oil
and gas bearing intervals, the Manutahi Sandstone and the Kauri Sandstone,
will add significantly to the value of what is essentially now a development
project.

If there are several pods as per the Conference Call of this Manutahi Sand --we could have 40-60 mmboe of
reserves from this interval over the permit area in just this shallow interval alone.

With the extra pay thickness, I'd also have to raise my estimates of rates per well to
something more like 700-1000 bopd versus the 500-700 bopd per well that I previously
posted for this zone. We should get 2-3 wells per 1000 acres on 320 acre spacing.

Truth
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