Ann: Nicolay No.1 Well Spudded , page-38

Hi TBE

It was said on the anns on 20th of August that Nicolay #1 was spudded on Saturday 18th August. Then they gave the update on 23rd as it was drilled down to 660m.

If I am not wrong, they made it past 660m in 6 days IMO. If we add another 6 days, it should be around 1300m-1400m.

I am not expecting anyhting before 2000m. However it is also a possiblity that after 1500m, we can find HCs. These are only estimations though.

I think we can realy start to get excited after 2000m. We can even hit a conventional reservoir between 2500m-3000m above Goldwyer formation around Bongabinni and Nita formations.

Goldwyer formation should be starting around 2900-3000m, and can go down to 3700m. That means we can drill down to 3700m despite the TD is given as 3450m.