LSE tonight, page-13141

Garrym79 LSE

PROS:

wordings in the RNS's like wishing us good fortune

ELKO drilling contractor buying as in Erik Opstad

RNS mentions oil and need to confirm it as discovery

Nearby willow and umiat oil

Then the mud logging lab petri dishes showing oil release from the sandstone cuttings with and without solvent (figure 1 in second last RNS)

Petroliforous odor. Crude oil smells, there is no mistaking it

Spending cash on wireline sidewall coring plus lab costs to analyse, must be oily sand, no point spending money on watery sand cores

Gas circulated to surface monitored and rock cuttings cleaned and tested. FAR TOO many boxes ticked off... just a quantify results game now.

If the LWD showed poor results we could have packed up and saved money on rig rental, wireline, casing and cement, then flow test spread.

Dave Wall and the team are not known to lead us down the garden path, why would they state all the nuggets of info so far, just wouldn't be right.

CONS:

Oil exploration is slow, us humans are impatient

Differences observed between offset wells, not enough info for us to pick apart

OIL is present, we simply do not have the quantities yet

OTHERS:

What gives 88E that warm fuzzy feeling;

Elevated resistivity (fluids like water conduct electric, oil less, then gas even less) LWD will measure pore space between sand grains, if the space was too small it could be considered tight sand needing fracced. So steps are; LWD gamma ray readings indicate sand, Nuclear sources help determine sand pore space percent measured, nuclear source again helps measure density of fluid in space(quickly this shows gas/oil/water - although a mix or like soup at this stage), confirm resistivity value to determine fluid type

LOOKS GOOD GUYS LETS SPEND MORE MONEY;

Wireline pressure tests determine electronically what the reservoir pressure will be and its permeability (ability to flow)

Samples flowed into wireline tool, mini pressure vessels like soda stream gas bottles accept the reservoir fluid at wireline determined depths and recover to surface