Anyone care to interpret in layman's terms what this paragraph means ?
"Petrophysical evaluation indicated between 180 and 330 feet of net hydrocarbon filled sand had been intersected in the Lightning discovery well. The perforations made so far indicate deliverability from the lower porosity and higher water saturation zones is occurring and will contribute to overall recoverability during production. There are additional hydrocarbon bearing sands yet to be brought on production and those may be produced from the first development well to be drilled in January 2020 or earlier."
Does this mean that zones, expected to be more productive, are yet to be brought online from future development wells, or eventual recompletion of the discovery well ?
OEL Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
