CJames, from an analysis perspective the same approach is employed. My team used nearby well data and field information to tie-in geological analogies. This was used to predict composition in varying aged source rocks. What has been found by NEN is an almost exact copy of gas composition in the upper objectives vs DF11, and exact copy of gas composition in the lower-mid DF13-2. This means NEN experienced high levels of C02 in the shallower sections but in the areas of interest it was low-mid.
As the formation is shallow and sands on trend with DF13, we are likely to better or replicate flow.
We have tested our model many times. If Cua lo is a success it will be another validation.
NEN Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
