Something other to ponder about:
Block 11A encompasses 11,950.06 square kilometers or 2.95 million square acres.
Taipan said:
"Taipan says it proposes seeking additional time from the Government of Kenya in order to complete its evaluation of the remaining prospectivity of what is a very large 5,458 sq km Block, prior to a decision on entering the next phase of exploration."
5500 sq km is a VERY LARGE block, according to Taipan. So large, that they, after hitting a full blown duster that doesn't need additional examination, still want to look at the prospectivity of the rest of the block (!?!). They go even further, as they state:
"Drilling results suggest that the section here is sandier than had been expected and the development of sealing claystones is less than had been hoped. This was always the principal risk for the play. We shall be evaluating the results of the well to assess the remaining prospectivity in this very large area,” said Graeme."
So they are even specific about the geological nature of the area, not just the well, and STILL they want to, and are going to, EVALUATE the nature of the rest of that block, as far as possible of course.
Now, 11A is more than TWICE as big as 2B, and there still is reviewing ongoing, and ERHC is not in the position yet (a duster, why not!?!) to disclose anything (remember: they have counsel from compliance experts who guide everything. Were they perhaps not allowed to use the word 'duster'? Since they certainly could have come up with something like what TAIPAN disclosed. The experts did not say to ERHC: "Guys listen up, in essence it is a duster, so report that, and say that it is under review what this means for the other planned well...)...
Now back to a previous post of mine:
Can Tarach-1 say something about the 11 other DRILLABLE prospects (totalling 660 million barrels) in a block that is twice as big as 2B?
Is this the nature of CEPSA doing exploratory work, while they said that it will be their key business over the coming years?
Makes me wonder about those unlogical OilNewsKenya articles in which they claimed that CEPSA said:
December 1th, 2015:
"The two partners had earlier said that contingent upon the results of Tarach-1, they might decide to drill a second exploratory well, the Egole-1 a four-way rollover closure onto a Northwest – Southeast trending fault plain with mean prospective resources of 101 million barrels of oil, to follow shortly thereafter."
April 15th:
"OilNews Kenya has further learnt from a source that the planned second exploratory well , the Egole-1 a four-way rollover closure onto a Northwest – Southeast trending fault plain with mean prospective resources of 101 million barrels of oil has been postponed indefinitely. Egole-1 had earlier been planned to follow shortly thereafter."
April 26th:
"This is as the Tarach-1 well might be the only well in the works this years and a discovery is expected to lead to a second well."
"A discovery could then reawaken hopes for a second well in the Block whose drilling is believed to have been shelved for the meantime."
June 15th (the rumor-day):
"Following this new revelation it is unclear whether a planned second exploratory well , the Egole-1 a four-way rollover closure onto a Northwest – Southeast trending fault plain with mean prospective resources of 101 million barrels of oil will continue.
Egole-1 had earlier been planned to follow shortly thereafter although as Oilnews Kenya previously learnt a success at Tarach-1 would lead to a second well."
So it seems that it is unclear, at least for OilNewsKenya, what CEPSA's plans were/are regarding block 11A.
Is this maybe due to their negotiation position versus ERHC?
And above this all:
"The full tensor gravity gradiometry (FTG) survey conducted earlier on the Block identified two separate basins, Anam and Tarach, which cover 1,600 square kilometers to the west of Block 11A and 2,500 square kilometers to east, respectively."
CEPSA could decide to stop all exploratory work in Kenya, BUT it cannot be based upon the drilling results of Tarach-1, that's for sure, imo.
The Doctor.
AI
