Highlights
- Preliminary evaluation indicates a total of at least 48 net metres of potential oil and gas
pay across 11 zones totalling 415 metres of gross section
- Results derived from electric logging over 1,389 metres in the upper part of the
secondary objective drilled to date, including the zones with good oil shows and
elevated gas readings
- The estimated length of oil and gas pay excludes ~290 metres where poor hole
conditions prevented viable logs from being acquired. Additional net pays might be
found in these zones due to the good oil shows and similar lithology encountered
there
- Drilling will now resume out of the current target and towards the deeper primary
targets, following the cementing and formation integrity testing of the 11-3/4” liner
shoe once it hasbeen set in place
Ann: Alameda-1 Drilling Update, page-167
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