and a couple of relevant points from the OBL June Presentation, while I ponder the potential relevance of BRU's
'Yulleroo 3' discovery (east of Broome), to both (yes, both) the 5/07-8EP and Backreef1 OBL permits:
Backreef 1 is estimated to have 750 millidarcy of permealbility in the 'gumhole' formation (page 10). I had to google this, not being an geologist. 'Permeability = potential to flow oil and/or gas. A figure of 750 millidarcies apparently equals a very good potential to flow.
Deeper down in Backreef 1, in the Devonian Gogo formation, is a potential new USG play which lies below 1700 metres. 'Wet' gas units were increasing with depth while drilling (p12-13).
GIP potential is 10 TCF (Trillion). There is the option to deepen Backreef 1 to 2700 metres, to access this (p.20)
5/07-8EP : USG potential is from the same Devonian Gogo formation, apparently (p20).
Estimated TOC is very high at near to 10 per cent in E/07-8EP.
Potential of 51 - 253 TCF of GIP from just 1 (one) of 6 (six) evident shales in E/07-8EP. Other 5 have not yet been tested (p21).
All the above info taken from the OBL June Presentation.
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