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clock Created with Sketch. 10/09/14
16:10
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Originally posted by Tri2
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These are only some of the positive things announced in relation to the Atzam#5 well and it amazes me that the SP is still in the doldrums. I’ve seen other companies SP rocket when they have announced something as insignificant as Hydrocarbon shows coming to the surface.strong light oil shows flowing to surface" . Good luck to holders.Estimate of +200 feet of potential net pay in carbonate sections drilled Material oil and gas shows continually generated at surface from drilling final carbonate sections (see below), despite heavy mud weight used (9.5lbs) to maintain good hole condition Interpretation by the Operator of initial logs run down to upper C18 carbonate sections at 3,600 feet indicated multiple potential pay zones starting from the C13 carbonates Ongoing oil and gas shows to surface from drilling C17 and C18 sections - preliminary log analysis showing high oil saturations (up to ~88%) and primary porosities up to 18%. Atzam #5 well is currently drilling at 2,907 feet in the producing C17 carbonate section - strong light oil shows flowing to surface with high oil saturation (~80%) in sample porosity testing
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Yep and do the math on 800bopd following the workovets - that's why certain well to do piglets want more than their fair share - a shameless grab for control of an excellent oil resource.
(20min delay)