What I like about the report is the nice image of Ungani and its...

What I like about the report is the nice image of Ungani and its future potential for extra wells and discoveries which will hopefully see the Ungani production facility be able to produce above 3000 bopd for longer than just one year as predicted by Harley's. Just because I can, here is my speculation on what could be to come in future year/s exploration/appraisal/development wise (I am also fairly confident that it will stay 100% BRU).



For starters, they may simply be able to double the current 2C amount of 6.6m barrels, or possibly double that ensuring Ungani could produce over 10-15m barrels over many years (10-15 at least)(that being said, the current 3C is 18.8m barrels, its entirely possible that just that alone may be eventually recoverable, perhaps even more, let alone what could be added with the list of wells I mention). This however, does not even need to be done for 12-18 months at least, or perhaps ever past 2 years as the field really has only just started to produce, water cut is low, the pumps will allow for gradual increases and fluid handling is already beefed up.

I have heard it a couple of times from various sources, Ungani is a truly exceptional field, just how good is it, we will hopefully see this year when it hits 3000bopd.

Regarding well costs I budgeted for just under $4.5m as they would likely do the drilling in a multi well program to increase cost synergies etc.

@bhutos - not sure if you are around, but would be very interested in your estimates on my numbers for the targets (I hope I have been somewhat conservative, aiming for the 2P if the wells were successful).
The depths provided on the map give some clues as to what sort of volumes might be there.

Might do another post on a non-Ungani prospect later, stay tuned Bruthers.