meo fizza, page-16

Info on Heron and Blackwood.


http://www.meoaustralia.com.au/content/Document/Exploration%20Permit%20NTP68.pdf

The well continued drilling in interpreted gas bearing sands to 4,182m suggesting a gross gas column in excess of 250m.

At this depth further significant losses of drilling fluids caused the premature cessation of drilling. Wireline logs were acquired and an open hole production test was attempted
during which the well flowed up to 6 mmcf/d dry gas, high in CO2 prior to being shut‐in by a cyclone.
Note:
On resumption of testing activities, it was found that the open hole had collapsed immediately below the uppermost sand interval which had demonstrated a high CO2 signature while drilling.

The recovery of hydrocarbons to surface enabled MEO to declare Heron‐2 a gas discovery. MEO considers that the gas sands below the point where the wellbore collapsed and which exhibited a "wet‐gas signature", were not represented during the production test. Additional technical work and
further appraisal drilling will be required to better understand the Heron resource.

??
Blackwood
Blackwood‐1 was drilled in early 2008 targeting Elang/Plover formation sands. Pre‐drill expectations were
for 1,461‐2,572 Bcf of in‐place gas resources expected to contain moderate to high levels of CO2, suitable
for methanol production.
A 49m gross gas column was interpreted from wireline logging data and MDT formation pressures. Dry
gas with 25‐30% CO2 similar to Evans Shoal gas was recovered to surface. The recovery of hydrocarbons
to surface enabled MEO to declare a gas discovery at Blackwood.
Immediately following the discovery, MEO acquired approximately 384 km
2
of 3D seismic data over part
of the structure. Further appraisal drilling is required to ascertain the areal extent of this accumulation
and the distribution and variability of reservoir quality. Contingent upon successful appraisal drilling
results, Blackwood may contain sufficient gas to underpin the first of the approved methanol plants?