Ann: Fortnightly Drilling Report , page-3

  1. 830 Posts.
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    All good news, but the bit that caught my eye was the news on Skipton-1, in which Beach doesn't have an interest.
    "The thickness of the Epsilon Formation has exceeded expectations, with 68 metres
    intersected. Senex recorded elevated gas readings throughout the section and fluorescence in
    the Patchawarra Formation, indicating the presence of liquid hydrocarbons"

    I think this is pointing toward where the value in the REM sequence is and the liquids in the Patchawarra! Remember the BPT frac tests produced 750,000+ scfd of gas from the stimulated Patchawarra which is over 500m thick. If there are significant liquids it could be very, very valuable.
 
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