88E 25.0% 0.2¢ 88 energy limited

Ann: Operations Update, page-81

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  1. 3,541 Posts.
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    Found this encouraging from poster 'Oilanalyst' on LSE chat
    The RNS was based upon analysis of Hydrocarbon shows and LWD (GR-Resistivity) data. Given the nearby Malguk-1 well data, 88E/PMO would have been able to make a good estimate of oil saturation range in the different horizons on the basis of shows and Resistivity level - for example 10 Ohmm in the presence of good shows as seen in Malguk-1 is known to have good oil saturations for a porosity of 17%+. Obviously they need the porosity log to be sure and this will likely have been in the first combo logging run. My guess is that they already have the results of this logging run and if the porosity was deemed non-commercial, 88E/PMO would have stopped further logging and announced this. So; the more logging time spent the more certain we can be of good results and 7 days of logging is only what an operator would do in the case of good results to fine tune the flow test and fraccing program.
 
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