que seria,
The previous attempt by SNG was off shore Nova Scotia, it was called the Mariner well, they were partnered with EP on that one, when EP was under the gun for cash.
It was EP's decision to P&A it instead of testing, SNG couldn't afford to test it on their own.
This Victory well in block 5c offshore T&T appears to be a monster, testing at 40-45MMCF/D and 30 BBL per MM of high gravity condensate or 1200 BBL/D. This from only one sand, they are proceeding to test at least one more sand according to the PR.
They stated that it is estimated to be capable of producing 100MMCF/D, if so this is bigger than Dolphin Deep of BG's nearby.
After testing is complete on Victory they will be moving the rig to the 2nd of their 3 well program, this well is called Bounty.
Victory is a company maker for SNG, easily tripling the annual revenues when it gets tied in.
BG is their deep pocketed partner in addition to sister company CHQ, which is a junior with no current production.
What was interesting is BG came into partnership after SNG had already passed through several of the sands on this well, current sand that was tested appears to be the bottom sand.
Of note is Craig Mckenzie former CEO of BG T&T came on as CEO of SNG after drilling began as well, lots of pieces of this most interesting puzzle are starting to fit.
The gas may be sold as LNG or it may be sold to T&T infrastructure, to early to tell as of now, however BG is a very big player in the LNG biz there.
As we all know in this biz something can always go wrong, but this maybe a "To the moon Alice' story.
Disclosure I'm very long, double position so if I seem a bit pumpy I'm sorry, just damned excited!
Dave. |
