TEX 0.00% 8.0¢ target energy limited

drilling fast, ahead of schedule, page-18

  1. 8,606 Posts.
    Regarding further insights on finer details:

    As per the sensitvie announcment dated 29/10/2009 relating to the Target Zones, both Primary and Secondary Zones:

    "Hydrocarbon Indications:
    Hydrocarbon shows will only be reported after wireline logs have been run and evaluated at the Total Depth of the well".

    ***So basically, they are at best ready to or at worst capable of reporting Gas flows as of now forawrd. The wirelines were imperative and they have been run, which is another confirmation of the existence of Hydrocarbons - as repoted on previous gas encounters.

    and another quote:

    "Primary and Secondary Targets:
    The primary targets are the 1st and 2nd Meek Sands which have the potential to recover up to 52.5 Bcf of gas with 367,500 barrels of condensate. The secondary target is the Upper Wilcox Sandstone, which has the potential to recover up to 15 Bcf plus 750,000 barrels of condensate"

    ***that last quote was to answer RadioActiveWhale RAW.

    Cheers

    Lautrec

    PS: Expect reports on the presence of Gas and Oil from today onwards, because there wont be much time to jump the price gap on the day its announced - In my strictly amatuer opinion.
 
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