Hi Cara, In my view, we'll be drilling through the objective sands currently (in true vertical depth TVD these objective sands are prognosed at 13,000', 13,500' and 13,750'; so about 750' of prospective interval to drill). On June 20 (US time) the well was drilling ahead at 12,960' Measured Depth with 1000' to drill before encountering to top sand. In my view, they could already know if the top sand at 13,000' (TVD) is hydrocarbon bearing. If it is, we may see a trading halt as early as Monday or Tuesday.
I'm sweeting on this result as I know how difficult it is to make commercial discoveries in the oil and gas business.
Kind regards OldGeo
MEL Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
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