Ann: South Erregulla Update, page-78

SE2 does have gas - the flow test produced both gas and water. I am similarly puzzled by the logging data. I know it isn't a precise science, but the resistivity log should show a very abrupt resistivity change. Could it be another perched water lens? If so, one would think the water production would drop with associated increase in gas production. Would be great if the company can provide a bit more info on what they know and what their forward action plans are, though they are probably just as stumped as we are.

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