ok, forgive me as I'm a little confused...the report a couple of weeks ago stated that they ran into 3m of sand that they had not expected... "Based on mud logging and Logging While Drilling (LWD) petrophysical data, the well penetrated interbedded sands between 4710-4713 mRT. Below 4713mrt no wireline, lithology or gas data is currently available. These sands are shallower and younger than the Plover Formation reservoir sands seen in Poseidon-1 and were not penetrated in Poseidon-1. No material conclusions can be drawn from the current data as to reservoir characteristics and gas content of these sands until wireline and other data is collected and interpreted. "
then this knew peport they are doing tests father down in (another?) section of sand..(4729 to 4741 metres. )?
So, are we to take it that there are 2 sections of possible HC bearing sands b4 they hit the plover formation... just weird that they said this is a secondary target... trying to process this so any if anyone could break it down would be appreciated...thanks
KAR Price at posting:
$7.52 Sentiment: Hold Disclosure: Held
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