...at least to complete the documentation of our journey, here the entire picture of this drilling so far...
The next super important update will be
the report of the findings from the wireline logs. We can expect the announcement by end of this week or early next week...
The question is, do we have the
best case or the
dream case scenario...??
We can be almost sure that we have a significant discovery in the
Kingia. But the extend of the pay-zone will be determined by the logs.
We had a "
significant drilling break" and
"elevated gas readings" (MIN) at the top of the Kingia at 4,041m and across an interval of
26m. But we additionally had "
significant gas elevation" in the
Erwin River Coal Measures (MIN) above the Kingia and
"continued elevated gas readings" (NWE) throughout the Kingia to the top of the
Bit Basher Shale at 4,109m (which separates the Kingia from the High Cliff sandstone).
Hence, the pay-zone could be much larger than the 26m of prospective sandstone indicated so far and the pay zone could already start in the IRCM above the Kingia...And additionally we will get the confirmation from the logs if we have
another gas pay in the High Cliff sandstone and perhaps an
oil/gas pay-zone in the Dongara/Wagina sequence.
(And btw., I'm almost sure with a next well they will test the Jurassic and Triassic gas potential in the Cattamarra CM, Eneabba Fmt. Lesueur sds. and Woodada Fmt as well...)
Not so bad...
The next ann might be the next share price booster...
in the primary target
