The wireline loggs were completed on the weekend and the results were a stunning 43 metres of nett pay (out of 120 metre reservoir) in the J50 well, nearly 50% above forcast.The recent announcement showed the well is on track for great things. As an aside I would like to bragg that I may have been closest to the pin with an estimate (guess) of 45 metres of nett oil.
The next major event is the oil flow which is due to be reported on before the end of April. I am sticking to my previous guess of 700 BOD.
With the funds from the CR, the next well J-51, testing NWZ-2 and permanent production faculities can be fast tracked and we should see production figures over 1000 BOD by June 30th.
All looking good.
Cheers
Saltbus
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