Ann: Phoenix South-1 Well Spud Confirmation , page-21

It sits in a separate trap between 2 main faults, 13-14kms south of P#1. Do chk out slide-10 of their May preso which shows this structure in detail.

Given the lack of other faults it should b a relatively uncomplicated structure for Apache to drill out to the target Lower Keraudren Sandstone (LKS).

The LKS has a regional seal called Cossigny Carbonate, abt 120m thick & then apprx 1100m of the LKS till TD with the different 'gas' sand packages.

Here's a look at the P#1 log that I've marked up.

The A, B & C sands with a thickness of 110m were gas charged, but BP didn't test them. There were 4 other deep sands till TD of 4880m. So I'd say PS#1 should b targeting a TD of ~4900-5000m (10 weeks of drilling-results by July). I hope they flowtest these if all looks good.

Atwood Eagle's going steady, has another 260kms (or 139 Naut Miles) to ETA. At 3.2 NM/hr that's apprx 43 hrs of tow time.