OEL 7.69% 1.4¢ otto energy limited

This information has long since been erased from my memory but I...

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    This information has long since been erased from my memory but I found the logged TVD of pay from the announcement on 21st May, 2019 ('GC 21 “BULLEIT“ APPRAISAL WELL UPDATE').
    Hopefully some good news on the way for GC21 after so much bad.

    "Otto Energy ("Otto") (ASX: OEL) is pleased to announce that the Bulleit oil appraisal well in Green Canyon 21, operated by Talos Energy, Inc ('Talos' ( NYSE: TALO) has now drilled through the DTR-10 target sand. The DTR-10 oil sand, which was the shallower target of the Bulleit well, was first discovered in 1984 and had three wells drilled between 1984 and 1987, all of which logged oil pay within the DTR-10 sand package.

    Logging While Drilling (“LWD”  data indicates the DTR-10 sand is well developed at this location, having logged 235 feet of gross true vertical depth ('TVD' pay across two main pay sands with a 50% - 60% net to gross ratio and excellent rock properties."
    Last edited by Cheech14: 18/03/23
 
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