Ann: Coolangatta , page-18

daniel99

as your the only one talking operations, as much as the fall in markets is a lot of fun to watch and discuss, its also true that one EFS will frac any moment and also true that the wilcox well is about to spud in a very short period of time

Wilcox - Oil

Depth: 5,000 - 7,000

Thickness: Under Review

Porosity: up to 30% (average 18‐20%)

Permeability: up to 400 md (1)(mostly 1-10)

Oil shows: up to 17% in SWC (2)

Possible Area:Under Review

Possible OIP (3):Under Review

TXN WI: 50 - 97%

Vertical Well Cost: US$0.6 - 0.8 Million (4)

(1) md= milidarcy
(2)SWC = Side Wall Core
(3)OIP = Oil in Place
(4)Including frac and connection

if that type of rock doesn't throw some oil back at you in the wilcox, then i ask what will??

but the side show of texon operations is nil to do with the day to day drop in the sp, which is really picking up some pace right now...

broadly speaking on other matters, i also think that taking a slumber so to speak is a great idea for the future

all imho and dyor