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thank you so much mir911 for this post it is very much...

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Singlefin

89 Posts.

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21/06/19

16:18

Post #: 39178698
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Originally posted by mir911: ↑

A group of us had an onsite tour & a geological lesson, which was second to none, from Tony Cortis & Stuart on Tuesday.

We were on site before we reached the Cattamarra & I can tell you it hit exactly what they were expecting in terms of oil shows and sand quality and depth.

The lesson from tony was unbelievable & I’m pretty sure no one that was there would disagree, he went into great detail explaining how the basin was formed & why the kingia/high cliff at West Erregulla is the same as waitsia. He also explained the 70% COS by saying the other 30% risk could be related to “fizz” or in other words a depleted reservoir. They believe however that it is very unlikely to be that because if the Dongara sands are charged above then the kinga/high cliff will be charged. They know the Dongara sands are charge from a well drilled in 1990 about 1 km away. So it should be reasonably important to see gas charge in those sands above the KHC for a strong chance of confirmation heading into the final formation below.
but I also get there are no guarantees .

There was a lot more to the site visit so will post more when I have time .

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thank you so much mir911 for this post it is very much appreciated. Have a great weekend

STX Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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