."..From 4,777 metres to total depth, the data acquired to date (LWD logs) indicates several sandstone intervals with elevated resistivity interpreted by Tap to be potential gas pay. Tap interpretation of this preliminary data indicates some 128 metres of potential net gas pay in the well. A comprehensive wire line logging program to evaluate the well is in progress to confirm the preliminary interpretation of the LWD data.."
An indication of some 128 metres of potential net gas pay in the well is getting me excited. Like I said yesterday I thought that drilling deeper could be a positive sign.
Also, Troy seems pleased overall with Taunton so theres potential for interesting news on that front as well.
..And as we know drilling is going on at Starfish1 as I write.
TAP looks well placed moving forward and has been heavily oversold....By the way, good to see the share price move up nicely today!
TAP Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
