Yep, decided to have a read of IVZ also. They intersected a working petroleum system and described the following:- "Log interpretation indicates residual gas saturation within these sands, establishing hydrocarbon migration has occurred through this zone and provides for additional targets in updip locations towards the crest of the structure."
As far as I could tell this hole was not flow tested and they have now moved on to an updip location to be drilled over next few months. Its a large basin play and has merit but am very happy sitting on PCL with updates of 3D Seismic soon to be unveiled. Not sure why he paid us a visit over here???
PCL Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
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