From MIN this morning
So, the cementing will be finished some time before Christmas - hopefully sooner and "gas production test" after Christmas...
Time to accumulate as many shares as one can afford IMHO!
Exciting times ahead!
On 8 September 2021, the Company announced a gas discovery at Lockyer Deep 1, with initial interpretation of logging
data identifying a significant gas bearing reservoir in the Kingia Sandstone. The top of the Kingia Sandstone was
intersected at 4,041 metres and was marked by a significant drilling break and elevated gas readings.
High gas readings were encountered across a gross sand interval of 26 metres to 4,067 metres, with good, inferred
porosities throughout with a high net/gross ratio. Elevated gas readings continued in sandstones to the top of the Bit Basher
Shale at 4,109 metres. Elevated gas readings were also observed from within the High Cliff Sandstone from 4,172 metres
to 4,214 metres with some fair inferred porosities. Based on the available data no gas water contact is evident, supporting
the case for very significant resource potential. Subsequent petrophysical evaluation confirmed the discovery.
Operations continue at the Lockyer Deep 1 well to prepare it for a gas production test, to be undertaken by Q1 CY22. The
production test will provide gas flow rates and gas compositional analysis. If the production test results are positive, the
well will be completed as a future production well.
Further exploration activities on this acreage include a seismic survey planned for Q1 CY22 to help define future drilling
targets and preparing to drill additional wells to prove up the resource. Timing of future drilling programs will depend upon
rig availability, securing long lead items and regulatory approvals.
Expand
