Porosity
I found this extraordinary. The original figures for GinGin-1 for both logs and core samples were 8% with pemeability of 70mD. The report of 22nd Dec stated that porosity was interpreted as below expectations i.e. below 8% and sounding like it was closer to duster status. Today's report goes back to GG-1. Sounds like someone stuffed up the interpretation.
Next Step
DMP plan submission
Order a test rig (probably had a tentative booking just in case)
Completions (production tubing, christmas tree)
Earth works for sump and flare pit
FLOW TEST to see if their interpretations were correct about failure of GG-1. (it's not over yet but a good start)
Seismic
They have interpretations of the Black Swan Survey to hand but not the complete box set yet (when it will be released).
The Red North project would have come out of the Wannamal Heliseismic Survey (been planned for some time now). The Black Swan has just added to it.
EGO Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held
