I was researching on the net and found the following which gives us all a good idea about the area they are drilling.
I hope to hear some good news as many of us need to feel even more confident. I am a big supporter/ believer of this stock and looking to the future.
"The Amazon Prospect and Thames Prospect are located in the southern onshore part of Louisiana, 63 km from the Gulf Coast with a Tertiary sedimentary section that is greater than 7 km thick and extends over an area of greater than 600,000 sq km. In the onshore part of the basin fluvial to shallow marine sedimentation dominate the Early Oligocene to Late Miocene section. The Oligocene aged Frio Formation and the Miocene age sandstones are prolific gas producing reservoirs in south Louisiana.
Growth faulting and salt tectonics have combined to create thick deposits of Early Oligocene to Late Miocene age sandstone reservoirs throughout the onshore region and structural traps to accommodate significant hydrocarbon accumulations. Onshore south Louisiana contains an active, proven petroleum system involving marine source rocks and associated Tertiary clastic reservoirs. The proven hydrocarbon system extends right across the onshore state of Texas and into the offshore Gulf of Mexico.
Oligocene age sandstones of the Upper Frio Formation form the primary reservoir target in the Amazon Prospect and Thames Prospect. The sands were deposited in a fluvial to shallow marine environment and they form the primary reservoir for many of the hydrocarbon fields in the area.
Oligocene and Early Miocene shales of the Upper Frio and Anahuac formations form proven lateral and top seals for the primary reservoir targets. Many of the existing fields are controlled by faults and they therefore have demonstrated the effectiveness of the regional seals. A critical risk for the fault traps is fault reactivation which may cause breaching of the trap after it has been charged with gas. It should be noted that many of the gas fields are tilted fault blocks that have undergone fault reactivation but have still retained effective fault seal.
A wide range of structural traps and structural / stratigraphic traps exist throughout the region due to the tectonic history of the basin. The majority of fields in the area are either salt induced structures or fault dependent anticlines. The two prospects fall into the later trap type. Regional mapping at the Camerina A Horizon of the Upper Frio Formation shows that the prospects are on trend and have a similar structural trapping style to the adjacent fields."
It all sounds/ reads = great for us share holders!!!
- Forums
- ASX - By Stock
- HYT
- amazon and thames prospect
amazon and thames prospect
Featured News
Add HYT (ASX) to my watchlist
|
|||||
Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.11M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.1¢ | $174.8K | 4.174M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 149997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 0.041 |
6 | 405000 | 0.040 |
5 | 476794 | 0.039 |
8 | 252630 | 0.038 |
5 | 1618000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 149997 | 1 |
0.043 | 470000 | 2 |
0.044 | 1290000 | 3 |
0.045 | 395860 | 3 |
0.046 | 505000 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
HYT (ASX) Chart |