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Ann: Mukuyu recognised 2nd largest Sub-Saharan Africa discovery, page-160

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Roch2077

10,189 Posts.

1986

21/02/24

18:28

Post #: 72520551
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Originally posted by Kiwigeo8339: ↑

"Scott has told me personally that he has permeability data from the routine core analysis of 3 samples at MK-1"

Of course he has

"... but doesn’t want to announce it to the market because he doesn’t believe that they are representative of the entire field. Which is a load of sh!t. "

That's what I'd tell you if I was SM. The Mk-1 cores were physically in very bad shape and considering the massive overbalanced mud system they were drilling with those cores would have been very badly invaded.

"We know that’s the case."

We = You.

"But they’re still representative of the MK-1 location."

I would disagree.

"He also has permeability data from wireline logging down-hole at MK-2. Again - refusing to disclose to market. We don’t need to know the exact mD…just a qualitative description."

The log data from Mk-2 is uncalibrated data.....if I was SM I wouldnt be releasing log interpretation results based on uncalibrated data into the public realm and then releasing calibrated results....you end up with multiple data sets in the public domain and the result is always utter chaos. Its the same reason you never send off non depth corrected log data files from the rig to town and then send off a second set of depth corrected files.

The only log that gives you a direct reading of permeability is the Magnetic Resonance log and the data it gives is in mD. Releasing a "qualitiative description" is pointless when you've got quantitative data off your tool. As Ive already noted...the current data set is uncalibrated data, including the mag res tool data.

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Kiwi any donkey would understand that because every ASX listed oil and gas company not one of them has released that information this early just on logs. For Scott to say it will commercially flow means the initial data is very healthy. The first data set comes out next week anyway and we know it’s gas and we know the net pay will increase

IVZ Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
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Ann: Mukuyu recognised 2nd largest Sub-Saharan Africa discovery, page-160

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Ann: Mukuyu recognised 2nd largest Sub-Saharan Africa discovery, page-160

Top Stories

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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