Thread by @CharlieFlorimon

Is it just me wondering why the market hasn't caught this rare opportunity? After all there are huge values at stake far from priced into the $AOI share. This due to an ongoing well and an important flow-test but also rarely so good odds to finally prove a massive discovery. $TTE

Regarding the ongoing Mira DST test. Will it flow due to its excellent properties described by Philip Birch in London, "the fluid in the Venus reservoir is incredible in that it's very, very, very high mobility. So it will flow through just about anything." ? 1/ $AOI $SHEL $TTE

I would say no, it's not JUST because of those properties mentioned by Phil, but is also likely to flow as very thin oil associated with gas will always strive upwards, especially when under a very high bottom pressure from km's of sediments and clay. Moreover ... 2/ $AOI

Moreover, it is because this light oil resides within what earlier was described as a high-quality sandstone, hence porosity & permeability cannot be that bad. Thus, a number of conditions are met, so hopefully the Venus oil will flow like it tested at the nearby Graff. 3/ $AOI

Remember, in the nearby Graff discovery the flow test were successful “came at them like a train”, albeit in another geological level. $SHEL describes it as "top quartile well performance" and sands originated from sediments pouring out of the same Orange River... 4/ $AOI

Is the Nara-1x appraisal more likely than not to confirm the assumption that the Venus oil fan extends into the Nara field? The Nara-1x appraisal is drilled in what is described as an area "of which can all be saturated to a great extent with oil and gas." by Phil B. 5/ $AOI

Moreover, the well spudded at a glowing red spot where such red AVO anomaly is believed to indicate oil - the high far offset amplitudes are normally due to the presence of oil bearing sands.That is, if also trap&seal exists, and if this red AVO really mean oil.. 6/ $AOI

..and nothing else above the oil water level. Drilling is risky business, and there is no doubt there is risk involved, even so when de-risked to a certain extent by nearby discoveries. Still, it means the chances are much higher compared to a normal wildcat. 7/ $AOI

1. the two Venus discoveries confirmed thick oil columns. Also the Jonker discovery in the same trend upstream found lots of oil and not only at the main Cretaceous target depth in the basin floor fan. 8/ $AOI

2. The Venus fan is trapped by a counter-regional dipping (CRD) trap slope, preventing the hydrocarbons from migrating and escaping the petroleum reservoir. The Nara-1x is likely de-risked by the same types of seal and trap. 9/ $AOI

3. the Nara-1x will have the same presence of a high class source rock, the Aptian aged ‘Kudu’ shale source rock, sitting on oceanic crust deposited in a restricted marine basin. 10/ $AOI

4. similar to the "well-sorted sands sitting on mature source rock in counter regional structures covered with several kilometres of clay "in this inherently low-risk play" -Karyna Rodriguez, Neil Hodgson, P Rodriguez, B Conti, H. Santa Ana … 11/ $AOIgeoexpro.com/the-rise-of-ve…

5. Content - Oil w/ associated gas 6. Quality of the Oil - Venus recovered light oil in the upper 40ies. 7. Quality of reservoir sand - "The oil resides within high quality, thick, blocky turbiditic sands" /" high-quality, light oil-bearing sandstone reservoir ". 12/ $AOI

8. the recently obtained high resolution 3D shows an area "of which can all be saturated to a great extent with oil and gas" as Phil Birch put it in London in May after receiving a preview of the 3D he also said exceeded their own expectations. 13/ $AOI

9. the Nara 1x it's not a regular wildcat with the higher risk involved in such well but more of an appraisal well into what is described by Impact Oil and Gas as "the anticipated westerly extension of Venus" 14/ $AOI

10. A well known independent geologist suggests that the FWL (hence also OWL) in Venus-1X came in about 180 meters deeper than previously thought in the P10 pre-drill case. 15 END/ $AOI

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