Announcement 12march and mentioned previously.
"The primary target is the producing zone in the adjacent North Akkar field and is prognosed at approximately 120m gross thickness and completely/fully oil saturated at the J-50 location"
That target is at 2920m.
From wed announcement-Going forward it is expected that there will be 40-50m of interbedded carbonates and thin sands and there should continue to be some oil shows through this zone.(Triassic A)This zone is a secondary target.
There could be 3 possible zones before hitting the primary target.
Going forward.
They will drill 5m into the primary zone at 2920m and then assess.
That's what we are waiting for.If positive they will continue.
Then they will core 2x9m
drill 45m of reservoir
cut 3x9m core barrels
drill to total depth of well
run electric wire line logs
It will be another 2 weeks after they reach primary target before they finish with the zone if it's there.
Have a good weekend.
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