In the Upper Jurassic section, the well has confirmed the presence of heavy oil over a gross interval of 110 metres!! Reservoir quality and the oil gravity in the Upper Jurassic across the Cap Juby structure require further evaluation by Cairn and its joint venture partners. Work is ongoing to correlate the core and log data from JM-1 with other wells on Cap Juby to evaluate the extent of moveable hydrocarbons and how any further assessment should be conducted.
The Middle Jurassic objective was encountered with limited primary porosity and evaluation of well logs and side wall cores continues. http://www.cairnenergy.com/index.asp?pageid=27&newsid=450
As I remember reading, TAO-1: Trident structure has not been drilled yet by anyone. GALP stated at Capital M days very good porosity. Trident structure lies up from Cap Juby - Middle Jurassic.
If Trident did not biodegrade and seals worked well then I think very high chances to have oil.
TPT Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
