Discovered a new Montara Formation gas reservoir.
Penetrated the three Plover Formation reservoir units A, B and C discovered in the Poseidon-1 well, establishing continuity of the gross sand intervals and intervening shales over a large part of the field.
Conducted Drill String Tests (DSTs) that prove log interpretation results identifying the presence of movable gas and adequate reservoir quality in the B reservoirs above the Gas Water Contact at this location.
Demonstrated that Plover-B core measured permeability at this downdip location is sufficient to contribute to overall field gas recovery.
Preliminary gas analysis of gas recovered at surface, shows presence of heavier HC components and low CO2 content.
KAR Price at posting:
$6.66 Sentiment: None Disclosure: Not Held
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