We Have Reached the Promised Land, page-3

First 3 Last

Share
Profile

Follow
oilleak

5,884 Posts.

89

21/10/17

10:41

Post #: 28083285
Share

Originally posted by WoodySpoon ↑

On October 20, 2017, the Cerro Padilla X-1 well, located to the northeast of the department of Paysandú, reached a total depth of 845 m, the exploratory objective being the sandstones of the Tres Islas formation.

This is the first exploratory well drilled by Schuepbach Energy Uruguay under the Exploration & Production contracts with ANCAP in the Salto and Piedra Sola blocks.

The profile analysis showed 2 m of sand with oil saturation at a depth of 793 m. Fluorescence occurred throughout the entire range.
This is the first onshore exploratory well in 30 years in Uruguay and the first one in which hydrocarbons have been discovered. Despite this, it remains to be determined whether the discovery is marketable.

The next step will be to study the flow of hydrocarbons to the surface.
The information will not be extended until the new stages of work are completed.
Exploration and analysis work remains to be carried out, but data acquired during this drilling have improved understanding of the geology and exploratory potential of the Northern Basin.

Notes:
Fluorescence: analysis to detect the presence of hydrocarbons
Hydrocarbon saturation: a characteristic that is calculated from the resistivity to the passage of electric currents that allows to conclude that in the pores of the reservoir the hydrocarbons (non-conductors) have displaced to the water (conductor of electricity) originally trapped in them. As an indirect method, it must be confirmed with direct evidence.

https://www.ancap.com.uy/innovaportal/v/2758/1/innova.front/pozo-cerro-padilla-x-1.html

Can any of you oiler types comment on this line?

The profile analysis showed 2 m of sand with oil saturation at a depth of 793 m. Fluorescence occurred throughout the entire range.

Does that mean fluorescence from 793 to 845?
What is "showed 2 m of sand" mean?

Got to love the part about studying the flow to surface !!!!

Expand

Next drill will be the interesting one imo.....

Be interesting to see what sort of 'Spin PRL put on it ......

PRL Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

TMG

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

TLX

Telix sinks as US regulator SEC issues subpoena over claims

ASX Market Close: Iron awe keeps the XJO tracking along

There are more pages in this discussion • 293 more messages in this thread...

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

We Have Reached the Promised Land, page-3

Top Stories

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

Telix sinks as US regulator SEC issues subpoena over claims

ASX Market Close: Iron awe keeps the XJO tracking along

Featured News