I'm not sure what this uranium deal may entail...but this wel is definately not a duster!
Nor is Leadville in my view, which may well be decleaed a "producer" over hundreds of meters of tight to low porosity pay, with the odd high porosity zone thrown in.
The key relates to depth. We have 1,100 uniit trip gas readings...4 times that of producing horizons at the Mesa fields...but instead of shallow, where the comparison wells were drilled, this is at 4.5km+, under the influenced of both ultra-heavy weighted muds and of course, some 4.5km+ of natural gravity induced head pressure.
At these pressures, the reality is that most reservoir quilty rock will see the mud flowing into the formation, rather then the other way around!
I suggest the previously declared 300 unit background gas, and indeed the 1,100 unit trip gas might be three times (or more) these readings if they were closer to surface.
lol...the pressures at the bottom may well result in fraccing on the fly?
Cheers!
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