Recap- cant be too far away as its been 4 months - this is a major catalyst IMO AND VERY NECESSARY TO BED DOWN THE VALUE! AT 3 X TIMES CURRENT SHAREPRICE
aLSO check out AWE presentation on GAS market growth at SYDNEY MINING PRESENTATION
In July 2014, the Drover-1 exploration well reached a total depth of 2,356m and was suspended for evaluation.
The Drover-01 well was designed to test the shale gas, and potential tight gas targets based on shows in Gairdner-1 well and encouraging flow rates from these zones in Arrowsmith-2 to the north. Significant gas shows were encountered through the Kockatea and Carynginia formations. A coring program, and several wireline logs were run to evaluate the commercial potential of the target intervals. The logging program and core analysis both provide indicators, which help provide a competent understanding of Drover-1 as an unconventional prospect. Core analysis is an important phase of the project and will provide invaluable data on permeability, porosity, the presence of hydrocarbons, thermal maturity, rock properties, TOCs (Total Organic Carbon) and will ultimately define the most prospective intervals for hydraulic stimulation. Once assays are finalised and assessed, the Joint Venture will proceed with the appraisal phase of Drover-1. Holcomb Ranch | Texas
at SYDNEY MINING PRESENTATION
