The initial wireline log reading basically confirmed that the gas in the mudlog started at the Nita and a big section of the Goldwyer shale - before they started coring!
We pointed this out - they drilled past a 200 metre gas charged section when they took the first 50 mtre core. By the time they took another 2 cores of 90 metres they were already out of the gas charges Nita and Goldwyer zones. There was easily a 450-500 metre gas charged zone.
While we await detailed lab analyses we can look forward to the next 2 more interesting wells. And no there wasn't any P&A.
Amazing the bottom feeders appear out of the woodwork.
Such is life on HC I guess. GB
NSE Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held