I refer to the RMP-88E-PANR, a diagram/table of drilling schedule, which shows:
23 February to 27 February drilling between 3,000' to 4,800' passing through potential oil zone formation SeaBee between 4,000' to 4,500'.
28 February to 1 March there is an 8.5" hole, but no drilling is indicated.
2 March, commence drilling from 4,800' to 5,200' passing through potential oil zone in Nanushuk 5/4 formation.
3 March to 5 March, continue drilling 5,200' to total depth passing through potential oil zone in Torak [sp?] Formation
8 March begin: Wireless, 7th Casting, ......
I believe, the announcement contains a mistake which is causing shareholders' confusion in interpreting the announcement.
"The Winx-1 exploration well intersected a zone of interest in the Nanushuk Formation between4,460’ and 4,530’" (This does not align at all with the RMP-88E-PANR diagram/table.)
However, by replacing Nanushuk Formation with SeaBee Formation, the announcement would align reasonably well with RMP-88E-PANR.
Bos
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