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Ann: Testing and Seismic Operations Update, page-59

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jctrout

929 Posts.

576

29/03/22

14:22

Post #: 60493372
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Originally posted by Ya: ↑

Its not connected to Waitsia if that's what u r looking for JC.

Bit deeper due to the tectono-stratigraphy of the area. Waitsia is on a Terrace, west of which lies Dandaragan trough. LD-1 lies in the Northern part of this trough. So its practically impossible to establish Kingia connectivity from Waitsia to LD or Nth Erreg as there is a downthrow from the regional fault. This unique deeper deposition is revealing that the sediments didn't get squeezed hard enough (diagenesis et al in play). So the Permeability & Porosity was preserved at 4000+ metres depth & alongwith the Kerogen (i.e, organic matter) this got cooked up at certain temp/press setting in the Gas Kitchen. Hence the reason for the spate of discoveries at 4000+ depth.

Shallowest well Senecio-3 tested the Kingia at 3173-3183m.
Deepest well at W4 flowed from 3370-3420m.
LD1 tested at 4041-4066m,
WE-2 from 4799-4951m.

That paints a rough picture as to what's going on from the terrace to the trough. So forgot about connectivity, its not possible Tectonically. Its a separate province albeit deeper & deserves its own merits.

I think u should start with EGO presentation from Feb 2016 when they had 80% of this block & Waitsia flowtest were unlocked. MIN picked up EGO when they went into admin on Nov2017.

It's taken 3 to 5 more years since 2016, to discover West Err-2 in 2019 & LD-1 in 2021 to prove this theory of movable gas with low CO2 content in the Deeper part of D/Trough.

Back in 2016 EGO had a smaller area assigned to LD-1 & NE-1 for a much less low-best-high estimate. I think LD-1 unlocked the Kingia, so more wells spread out over the acreage are reqd to derisk the potential. That will take some time as the Operator MIN needs to fast-track the Exploration/appraisal program, buy long lead items, line up a rig, EARS approval etc etc. From discovery to development & then to First gas takes a few years, which is why the pullback with the SP as the mkt awaits the next round of drilling & funding etc. Routine 'Rinse & Repeat cycle' on the ASX for all Junior Explorers.

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Thanks Ya, but I was talking about connectivity of Lead A/B together rather than to Lockyer deep or Waitsia, if that's what you thought, which is where I got to in my last post. You may have missed a trick there, please read the conversational between myself and Pottermore.
My 4-way fault seal view looks to extend to the Corybas section above Waitsia rather than into it, which does worry me a bit as Corybas-1 well produced a lot of water, but that may be a localized trap. Your other information above is appreciated.

Cheers,

NWE Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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