RE-RNS GEORGIA,Slow progress due to sub-volcanic variables1 Georgia re-rns, There was some discussion on here recently, that they may be drilling through a granite 'seal'. Well, well , well this suggests that they are? ========================================== The Company is also pleased to report that their partner and project operator in Georgia, Strait Oil and Gas Ltd, have drilled to the intermediate depth of 1544 meters with a proposed total depth of 3500 meters. Drilling operations are continuing after a short interruption to undertake a comprehensive data collection program for close analysis. The analysis is deemed prudent to determine if the well has reached the Paleozoic GRANITE BASEMENT or is drilling through a SUB-VOLCANIC intrusive which is MASKING the targeted primary reservoir objective at the depth of about 2,300m as interpreted from the helium survey and exists with other similar discoveries found under subvolcanic intrusives.
{{ An additional factor for undertaking the analysis is the slow drilling rates that are being achieved through the HIGHLY VARIABLE intrusive complex.}} ===============================================================
There does appear to be a 'hard' rock or volcanic layer that is hampering drilling and most likely forming a hydro-carbon seal. Get through this and ....bingo, imo
RRS Price at posting:
18.0¢ Sentiment: ST Buy Disclosure: Held