There is a lot more to come from this well.
I am more interested in what they did not say regarding the lower section under the 53 M with elevated gas readings.
Additional thinner sandstone units were encountered beneath the C and D sands within the lower section of the Cattamarra Coal Measures. These lower sandstone units have additional minor gas pay calculated from logs and also generated elevated gas readings while drilling. While these lower gas pays zones are not included in the 53 metres total, they may contribute to further increase the overall net pay and production potential of RGN-1, subject to positive production testing.
EGO Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held