ELK 0.00% 1.4¢ elk petroleum limited

announcement drilling outback area, page-4

  1. cya
    3,836 Posts.
    Its going to be a interesting 7 days these targets are non trivial, they could be enormous , maybe Warnie can stop buying zircon if he gets in quick :) fair go Warnie she deserves more !

    great ann here are some of my favorite quotes , I love the way Andy's painted a picture, we know why they got the land, we know the history, we understand the geology, a good snap shot into their thinking, one of the best structure ann's in ELK history, well done Andy!

    check these pearls


    "scheduled to spud on Friday 10th July and take 7 days to drill to a Total Depth of 3800’ (1158m). The Lance Formation top is expected at 1200’ (366 m) and the Parkman top at 3550’ (1082 m)."

    "The well location has been selected adjacent to where a water well, drilled in 1951, blew out gas and mud from a formation predicted to be shallower than the Lance Formation,"

    "Three of the four largest gas developments in the State of Wyoming in the last 15 years have been in the Lance Formation; these developments have booked many trillions of cubic feet (Tcf) of gas reserves."

    "the nearest Lance Formation production is 130 miles to the south at Cave Gulch Field where the Lance reserves are over 300 bcf. "

 
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