Saracen,
I think you are mistaken about Ngurit. True, the field is in the middle of nowhere, and that is the reason the prior management did not drill here again, choosing to go to Muya, for oil, closer to the pipeline. But, things have changed at Ngurit. They have done a study, and have found that any gas discovered can be used to fuel a power generation plant in the area. The area as badly in need of power to grow. They have people and the government willing to undertake this project. So, the gas can be brought to market. The other thing that you may overlook is that if Ngurit is indeed commercial, and the company believes it is, it proves that hydrocarbons have indeed been trapped on this block. This will give confidence to any companies interested in becoming a partner, assuming other structures also contain hydrocarbons. That is why this well is indeed of significance to Tracer.
Pete |
