Ann: Merlin-2 Well Reaches Total Depth, page-79

Lets face it whoever brought in big yesterday knew what was coming and was comfortable doing so.

The SP is the SP for two main reasons:
1. Because it was many peoples strategy to sell all or half after reaching TD, what ever the news.
2. After last years failed wireline logging many will not be willing to stick around for wireline logging results this year.

However the team on site by all news we have received are working well and beyond expectation, TD reached no problems on site and ahead of schedule. I believe this year the wireline logging will be a success and then we will blow pass .10c. With light oil discovered @ Merlin 1 we know it is @merlin 2.

MDT (Modular Formation Dynamics) Pressure and permeability results will be key

Merlin 1

1. Mud gas peaks were also recorded and, although generally not of the same scale of the increase in total gas above background as that seen in the Analogue Wells, one of the prospective horizons in Merlin-1 did have substantially elevated total gas
2. With slow to moderate sometimes fast streaming cut when exposed to solvent

Merlin 2

1. Finally, significant mud gas peaks were detected across all target sequences
2. Target intervals are thicker than those encountered in Merlin-1
3. “moderately fast” to “immediate and blooming” “cuts” were noted, the speed of which is often a PROXY for sample PERMEABILITY.

Good luck all