Yesterday: OIL SHOWS REPORTED – DRILLING AHEAD Permian Basin, SRH-C #6 well, Reagan County, Texas, Operator, 100% WI SRH-C#6 well has to date encountered at least three oil shows on the mudlogs. The oil shows cover multiple intervals and extend for several hundred feet of formation with good to bright oil cut fluorescence and increased background gas. PRIMARY TARGET YET TO BE REACHED. So far this is looking very good. Will we get another Ann today with more shows of oil in the primary target zones?
WORKOVER ANN Should also be this week. Napoleonville- Dugas & Leblanc #3 Well, workover rig has commenced operations to perforate and place on production the primary “M” sand objective at the Dugas & LeBlanc # 3 development well estimated hydrocarbon potential in the M sand as follows: Oil (BBL) Gas (MCF) Projected Recoverable Reserve 400,000 1,200,000 expecting flow rates in the order of 200 - 400 bbls per day with around 600- 1,000 mcfd. Following further seismic and analogue interpretational work Grand Gulf believes that the M sand may have further up-dip potential of an additional 10-12 BCF
AND... Rig # 61 is scheduled to arrive at the Jumonville location around October 18th.
GGP Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
